NEW
YORK, May 15, 2024 /PRNewswire/ -- The
global functional flours market size is
estimated to grow by USD 36.14 bn
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 8.5% during the forecast
period.
For more insights on the forecast market size and
historic data (2018 - 2022) - Download
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (RTE
products, Bakery products, Soups and sauces, and Others), Type
(Fortified, Specialty, and Pre-cooked), and Geography (APAC, North
America, Europe, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
AGRANA Beteiligungs AG,
Archer Daniels Midland Co., Associated British Foods Plc, Dohler
GmbH, GEMEF Industries, General Mills Inc., Ingredion Inc., Kerry
Group Plc, MGP Ingredients Inc., Olam Group Ltd., Parrish and
Heimbecker Ltd., Sudzucker AG, Symrise AG, Tate and Lyle PLC, The
Hain Celestial Group Inc., The Scoular Co., Bunge Global SA,
Caremoli SpA, Cargill Inc., and Sensient Technologies
Corp.
|
Key Market Trends Fueling Growth
Functional flours have witnessed significant innovation due to
the rising demand for plant-based diets and nutritional
enhancement. Incorporating blends of functional flours into regular
wheat flour boosts protein content and offers various health
benefits. Gluten-free flours are trending, improving sensory appeal
and nutritional properties of gluten-free food items. Seed flours,
non-wheat grains, lower salt, sugar, and higher fiber flours are in
high demand. Key areas for innovation include soy flour, rye flour,
oat flour, composite flours, and barley flours. Consumer interest
in diet and health drives the market for functional flours used in
flatbreads, biscuits, pastries, cakes, cookies, and snacks like
energy bars and protein bars. Functional flours offer nutritive
value, bioactive properties, and preventive healthcare measures
against obesity, diabetes, and cardiovascular diseases. The market
also includes fortified flours with vitamins, herbs,
nutraceuticals, and pre-cooked flours.
Market Challenges
- The functional flours market is significantly influenced by raw
materials, primarily grains and non-grains. Climatic conditions
impact crop production, with different crops requiring specific
climates. For instance, wheat thrives in warm conditions. Natural
calamities, particularly in developing countries, can significantly
affect agriculture and raw material availability. Lifestyle changes
drive consumer interest in functional foods, including functional
flours. These offer nutritive value, bioactive properties, and
solutions for health issues such as obesity, diabetes, and
cardiovascular diseases. Functional flours are used in various food
applications, including meals, snacks, energy and protein bars, and
bakery products. They can be fortified with vitamins, minerals,
herbs, and nutraceuticals. Cereals, legumes, maize, rice, soy, and
wheat are common raw materials. Pre-cooked and specialty flours, as
well as additive-based and genetically modified flours, are also
part of the market landscape.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This functional flours market report extensively covers market
segmentation by
- Application
- 1.1 RTE products
- 1.2 Bakery products
- 1.3 Soups and sauces
- 1.4 Others
- Type
- 2.1 Fortified
- 2.2 Specialty
- 2.3 Pre-cooked
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 RTE products- The functional flours market
caters to various applications, primarily in the production of
Specialty Flours derived from Cereals, Legumes, Maize, Rice, Soy,
Wheat, and other sources. Additive-Based Flours and Conventional
Flours also hold significant market share. The shift towards
Plant-based diets and the emphasis on Plant protein have fueled the
demand for functional flours in Bakery Products, Noodles &
Pasta, Ready-to-Eat Products, Soups & Sauces, and Snacks.
Consumers, increasingly conscious of their health, seek foods rich
in proteins, fibers, and diverse energy sources. Nutritive value
and Bioactive properties are key considerations, with a growing
interest in Barley flours, Rye flour, Oat flour, Composite flour,
and other Non-wheat-based flours. Population growth, Lifestyle
changes, and the rise of diet and health concerns related to
Obesity, Weight management, Diabetes, and Cardiovascular diseases
further drive market expansion. Energy bars and Protein bars are
popular applications, as consumers look for convenient, nutritious
snacking options. Functional flours contribute to the production of
high-quality proteins and cater to the needs of those with Gluten
allergies.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Functional Flours Market encompasses a wide range of
plant-based flours, including those derived from flatbreads,
biscuits, pastries, cakes, and cookies. These flours are rich in
plant protein, making them an attractive alternative for
individuals adhering to plant-based diets due to lifestyle changes
or population growth. The nutritive value and bioactive properties
of these flours are derived from various sources, such as soy
flour, rye flour, oat flour, composite flour, and cereals. Legumes,
maize, rice, soy, and wheat are common sources of functional
flours. Pre-cooked flours and specialty flours are also gaining
popularity due to their added nutritional benefits. However, it is
essential to consider the protein quality and potential gluten
allergies when selecting functional flours. Conventional flour and
additive-based flour are also options in the market, but the demand
for functional flours is on the rise due to their health
benefits.
Market Research Overview
The Functional Flours Market encompasses a wide range of flour
types fortified with essential nutrients, dietary fibers, and
functional ingredients. These flours cater to various dietary
requirements and health trends, such as gluten-free, high protein,
and low glycemic index. The market witnesses significant growth due
to increasing consumer awareness and preference for healthier food
options. Key factors driving the market include rising demand for
convenience foods, expanding application areas in bakery and
confectionery industries, and technological advancements in flour
production. Flours derived from ancient grains, legumes, and nuts
are gaining popularity due to their nutritional benefits and unique
functional properties. The market is segmented based on type,
application, and region.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- RTE Products
- Bakery Products
- Soups And Sauces
- Others
- Type
-
- Fortified
- Specialty
- Pre-cooked
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research
and advisory company. Their research and analysis focuses on
emerging market trends and provides actionable insights to help
businesses identify market opportunities and develop effective
strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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