About Functional Flour
Functional flours are those type of flours which is used for hydro-thermally treated specialty flours. It is majorly used in bakery and household purpose. Owing to health benefits coupled with augmented awareness of personal health among consumers, functional flours are widely chosen over conventional product alternatives. Increasing usage of functional flours in various applications such as Bakery Products, Soups & Sauces, RTE Products, and others are likely to be the prime drivers for market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Functional Flour market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill, Incorporated (United States), Archer Daniels Midland Company (United States), Bunge Limited (United States), Associated British Foods plc (United Kingdom), General Mills, Inc. (United States), The Scoular Company (United States), AGRANA Beteiligungs-AG (Austria), The Hain Celestial Group, Inc. (United States), SunOpta, Inc. (Canada) and Parrish and Heimbecker, Limited (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Functional Flour market by Type (Pre-Cooked Flours, Specialty Flours and Others {Enriched Flours, Instant Flour Mixes, and Composite Flours}), Application (Bakery Products, Soups & Sauces, RTE Products and Others {Seasoning Bases, Coatings & Breadings, Spreads & Infant Formula, Special Diet Foods, and Beverages}) and Region.
On the basis of geography, the market of Functional Flour has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Mass Retailers will boost the Functional Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Cereals will boost the Functional Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Various Initiatives to Promote Functional Flours Worldwide
Market Growth Drivers:
Rising Consumption of Convenience and Healthy Food Products and Increase in Demand for Premium Food Products across the world
Challenges:
Lack of Infrastructure and Technological Resources in Developing Countries
Restraints:
Stringent Government Regulation and Volatile Commodity Prices
Opportunities:
Increasing Demand for Healthier Low Fat Alternatives Worldwide and Growing Demand from Emerging Economics such as China, India, and Others
Market Leaders and their expansionary development strategies
In November 2021, ADM, a global leader in nutrition and agricultural origination and processing, acquired of Sojaprotein, a leading European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet growing demand for plant-based foods and beverages.
In February 2023, Scoular, a global supply chain company, launched a new name for its food ingredient business that showcases its capabilities in providing innovative ingredients to customers. The new name , Scoular Food Innovation – reflects the company's food industry expertise and experience supplying on-trend ingredients to meet growing consumer demand.
Key Target Audience
Raw material suppliers, Functional flour manufacturers/suppliers, Regulatory bodies, Intermediary suppliers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.