Flours undergoing heat treatment, water treatment, enzyme treatment, fortification, extrusion, and/or other treatment are referred to as functional flours in order to improve their organoleptic properties, such as texture, consistency, regularity, and other functions. Functional flours are used by makers of R.T.E products, bakery products, snacks, soups & sauces, seasoning bases, coatings & breadings, spreads & infant formulas, and special dietary foods & beverages.
MARKET DYNAMICS
The global functional flours market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The growth of the market can be attributed to the use of functional flour in bakery products and ready-to-eat food items. Further, changing lifestyles and dietary habits of the working population has led to a rise in demand for healthy food products, that has also increased market demand. Furthermore, the health benefits of functional flours, along with an increase in awareness of the negative effects of gluten, have shifted consumer preference from conventional flour to functional flour, which will further propel its demand in the market. Rising health concerns amongst the global populace have propelled them to opt for a healthy lifestyle and diet. Owing to this, a large proportion of the populace has included functional flours in their diet. Moreover, governments and associations are promoting the use of functional flours due to increasing nutritional deficiency in larger demographics. They, therefore, promote the use of enriched flours. Thus all these factors are expected to positively impact the market growth.
MARKET SCOPE
The "Global Functional flours Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the functional flours market with detailed market segmentation by source, category, application, and geography. The global functional flours market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading functional flours market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global functional flours market is segmented on the basis of source, category, and application. Based on source, the global functional flours market is segmented into legumes, and cereals. By category, the market is segregated into gluten- free and conventional. Based on application, the market is bifurcated into baked products, soups, sauces, & spreads, breakfast cereals, sweet & savory snacks, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global functional flours market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The functional flours market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the functional flours market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the functional flours market in these regions.
MARKETPLAYERS
The reports cover key developments in the functional flours market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Functional flours market are anticipated to lucrative growth opportunities in the future with the rising demand for Functional flours in the global market. Below mentioned is the list of few companies engaged in the Functional flours market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Functional flours market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cargill, Incorporated
- Archer Daniels Midland Company
- Bunge Limited
- Associated British Foods plc
- General Mills, Inc.
- The Scoular Company
- AGRANA Beteiligungs-AG
- The Hain Celestial Group, Inc.
- SunOpta, Inc.
- Parrish and Heimbecker, Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.