Functional Flour Market Size to Hit USD 62.5 billion in 2022

Posted 2024-08-28 23:28:38

Market Insights

As per recent research by MarkNtel Advisors, The Global Functional Flour Market size is valued at around USD 62.5 billion in 2022 and is projected to grow at a CAGR of around 7.8% during the forecast period, i.e., 2024-30.

Global Functional Flour Market Drivers:

Surging Need for Nutritional Food Products & Changing Lifestyle of the Individuals – The market is expanding as a result of escalating interest in health & wellness as well as higher consumption of foods that promote good health. To keep healthy & active, individuals all over the world are turning towards diets rich in grains, lentils, grains, cereals, and other nutritional foods. In most of the region there is a prevalence of several diseases due to the unhealthy eating habits. Thus, the individuals are preferring to included foods that contains functional ingredients to reduce the risk of several health concerns like, obesity, diabetes, weight management, etc., which is influencing the demand for functional flours in the market.

Additionally, consumers suffering from gluten-intolerance, wheat allergies, celiac disease, and others are also adopting functional flour-based food products in their diet as these flours are gluten-free, have low-fat, and contains more protein & fiber. This, in turn, is upscaling the growth of the Global Functional Flour Market.

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Market Segmentation and Consumer Behavior:

By Source

Cereals- Market Size & Forecast 2019-2030, (Thousand Tons)
Legumes- Market Size & Forecast 2019-2030, (Thousand Tons)

By Type

Specialty Flour- Market Size & Forecast 2019-2030, (Thousand Tons)
Pre-Cooked Flours- Market Size & Forecast 2019-2030, (Thousand Tons)
Others- Market Size & Forecast 2019-2030, (Thousand Tons)

By Application

Bakery - Market Size & Forecast 2019-2030, (Thousand Tons)
Soup and Sauces- Market Size & Forecast 2019-2030, (Thousand Tons)
Ready to Eat Products - Market Size & Forecast 2019-2030, (Thousand Tons)
Others- Market Size & Forecast 2019-2030, (Thousand Tons)

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Functional Flour Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Functional Flour Market

Several prominent players dominate the Functional Flour Market, including:

Archer Daniels Midland (ADM)
Bunge Limited
Associated British Foods
Cargill Incorporated
Ingredion Incorporated
The Scoular Company
Hain Celestial Group
Sunopta Inc.
GEMEF Industries
The Caremoli Group
Ulrick & Short
General Mills, Inc.
Limagrain
Parrish & Heimbecker

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Questions Addressed in this Study

1.What factors are driving the Functional Flour Market growth?

2.How is the Functional Flour Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Functional Flour Market?

4.What is the current size of the Functional Flour Market, and how is it projected to change in the future?

5.What is the future outlook for the Functional Flour Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.