Global Functional Flours Market: Overview
Functional flours are extracted from grain or non-grain sources, which are further modified to enhance its values. The sources through which the functional flours are made are selected based on various quality parameters such as grain size, functionalities, and other properties. Functional flour is majorly used in bakery and household purpose as the cost is slightly more if compared to the normal flours.
Global Functional Flours Market: Segmentation
The global functional flours market is broadly segmented based on various factors such as the type of flour, application, and basis of the source. Based on the types flours, it is categorized as specialty flour, pre-cooked flour, and various other types. Functional flours are also segmented based on the sources this includes cereals, rice, corn, wheat, legumes, soybeans, lentils, and other cereals. Further, functional flours market is widely diversified into various regions, which include North America, Europe, Asia-Pacific, Middle East, Africa and Rest of the World.
Global Functional Flours Market: Growth Factors
Increasing intake of healthy food products and people following healthy food habits is driving the growth of the global functional flour market. 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.
Global Functional Flours Market: Regional Analysis
Asia-Pacific region holds the dominance in the global functional flour market. The position of the region may retain due to increased 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
Global Functional Flours Market: Competitive Players
Some of the major players dominating the global functional flours market include Associated British Foods PLC, Agrana Beteiligungs-AG, Archer Daniels Midland Company, Bunge Limited, Parrish and Heimbecker, Limited, The Scoular Company, Cargill, Incorporated, General Mills Inc., The Hain Celestial Group Inc., and Sunopta, Inc.
Global Functional Flours Market: Regional Segment Analysis
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