01-Oct-2021 | Zion Market Research
Major companies in functional flours market are Associated British Foods PLC, General Mills Inc, Agrana Beteiligungs-AG, Ingredion Inc, Archer Daniels Midland Company, Bunge Limited, ConAgra Foods, Parrish and Heimbecker Limited, The Scoular Company, Cargill Cooperation, and The Hain Celestial Group Inc. These players are set to bolster the development of global functional flours market.
According to analysts at Zion Market Research, functional flours market accounted for more than USD 65,327.5 million in 2020 and is expected to reach more than USD 1,16,124.9 million by 2028, growing at a CAGR of 7.7 % from 2021 to 2028.
This review is based on a report by Zion Market Research, titled "Functional Flours Market By Type of Flour (Specialty Flour, Pre-Cooked Flour, and Others), By Application (Bakery, Soups & Sauces, Savory Snacks, R.T.E. Products, and Others), By Source (Cereals, Rice, Wheat, Legumes, and Others), By Product (Conventional Flour, Additive Based Flour and Genetically Modified Flour) and By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028.”
Growing Demand for Healthy Food Products Across the Global to Enhance Growth
“Increasing intake of healthy food products and people following healthy food habits are also expected to fuel the demand for functional flours” says the author of this study. Apart from this, manufacturers introducing the wide variety of functional food products and simultaneously branding those products effectively has also fuelled the growth of the global market. People adopting premium food products due to their nutritional values has fostered the demand of the functional flours. Growing demand for healthy and low-fat alternatives and the presence of untapped opportunities in the market may augment the growth of the global market. Changing consumer lifestyles and growing spending capability are some of the factors responsible for the augmented demand of functional flours, which indirectly motivates the growth of the global functional flours market. High demand from the end users has effectively increased the graph of the global functional flours market. On the other hand, stringent government rules in terms of food safety to produce gluten-free and fortified flours is somewhere hampering the growth of the functional flour market.
Increasing Popularity of Functional Flours to Assist North America Growth
Regionally, North America has been leading the worldwide functional flours market and is anticipated to continue on the dominant position in the years to come, states the functional flours market study. Asia-Pacific region is growing at fastest CAGR the global functional flour market. The growth of the region may retain due to increase in per capita income and growing demand for functional foods. Progress in food service and food processing industry. Europe and other regions are expected to grow in moderate speed due to average selling prices
Browse the full “Functional Flours Market By Type of Flour (Specialty Flour, Pre-Cooked Flour, and Others), By Application (Bakery, Soups & Sauces, Savory Snacks, R.T.E. Products, and Others), By Source (Cereals, Rice, Wheat, Legumes, and Others), By Product (Conventional Flour, Additive Based Flour and Genetically Modified Flour) and By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/functional-flours-market
The global market functional flours are segmented as follows:
By Type Of Flour
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