Functional Flour Market Size- Global Demand, Covid-19 Analysis, Sales, Consumption and Forecasts to 2023
Functional
Flour Market – Overview
Due
to the health benefits associated with functional flour consumption, the market
is growing at an incremental pace globally. Market Research Future, a firm
which specializes in market reports related to the Food, Beverages &
Nutrition sector among others, recently forecasted in its report on ‘Global
Functional Flour Market Research Report- Forecast to 2023’ that the market will
demonstrate an exceptional CAGR % while achieving good growth rapidly in the
forecast period.
Functional
flour usually refers to flour which have been hydro-thermally treated. Functional Flours Market Size
is prepared after combining various grain and non-grain ingredients which helps
to boost the level of nutrition. The blend of multiple ingredients also helps
in lowering the level of gluten and increase sensory appeal. The gluten-free
flour helps in improving the quality of products due to its modified
properties. Owing to rising consciousness on adverse effects of gluten, the
demand for functional flour is expected to accelerate significantly. Also, the
modification of functional flour is commonly related to solubility parameters
and viscosity profile. Therefore, enhanced nutrient quality coupled with
low-gluten content has augmented the demand of the product. Furthermore, with
the growing inclination of consumers towards more natural and healthy food, the
demand for clean-label functional flour is increasing significantly. And,
manufacturers are capitalizing on the opportunity by introducing innovative
line of multi-functional clean label flours in the market.
Moreover,
functional flour is used in various applications such as bakery items, snacks,
culinary products and there is a growing demand from processed food industry
which has further accelerated the demand for functional flours. Owing to
effective promotional strategy, it is expected that the market will grow at an
incremental pace during the forecast period. The key players are also offering
customization options to attract consumers’ attention. However, stringent
government rules and regulations for various health claims and high cost of raw
materials acts as a hindrance for the market growth.
Global
Functional Flour Market - Competitive Analysis
Global
functional flour market is progressively working on technological innovations
over the recent years. Manufacturers are investing heavily in R&D
activities to improve existing products and procedures to develop new products.
R&D will lead to the development of new products by improving its
functionality through better formulations. Key industrial players have been
developing nutritive products to accommodate the healthy food movement, with
clean labels ensuring food safety.
The
key players profiled in Functional Flour are Cargill, Archer Daniels Midland
Company, Bunge Limited, Associated British Foods PLC, General Mills, Inc., The
Scoular Company, Ingredion Inc, Agrana Beteiligungs-AG, The Hain Celestial
Group Inc., Sunopta, Inc, and Parrish & Heimbecker Limited among many
others.
Global
Functional Flour Market – Segments
The
Global Functional Flour Market has been divided into source, claim,
distribution channel, and region.
On
The Basis Of Source: Wheat, Corn, Rice, Rye, Peanut, Sprouted Grains, Tapioca,
and Others
On
The Basis Of Claim: Gluten-free, Organic, Pre-gelatinized, and Others
On
The Basis Of Distribution Channel: Store based, and Non-store based
On
The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global
Functional Flour Market - Regional Analysis
The
Global Functional Flour Market is segmented into North America, Europe, APAC,
and Rest of the World (RoW). Global functional flour market is highly dominated
by North America and Europe as the product is highly consumed in the region.
APAC is fastest growing region due to changing lifestyle and improved
disposable income in that region.
Latest
Industry Updates
Sep
2017: Ingredion launched multi-functional rice flours, Homecraft Create 835 and
865 to enhance its product portfolio. The new product can be used for soups and
sauces as well.
Aug
2016 Ingredion Incorporated has entered into an agreement to acquire the rice
starch and rice flour business from Sun Flour Industry Company Ltd based in
Thailand. The acquisition is in line with Ingredion’s global strategy to
increase its higher-value specialty ingredients business.
About
Market Research Future:
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In
order to stay updated with technology and work process of the industry, MRFR
often plans & conducts meet with the industry experts and industrial visits
for its research analyst members.
Access
Report Details @ https://www.marketresearchfuture.com/reports/functional-flour-market-1807
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