Functional Flour Market to be Reach US$126.8 bn by 2025

The global functional flour market witnesses the dominance of some large companies that are present in both global and local markets, says Transparency Market Research (TMR) in a new report. However, this market is teeming with small companies that predominantly operate in local markets. Expansion of product portfolio to serve ancillary sectors is what companies are focused on to buoy growth. Large companies are engaged in acquisitions and strategic alliances with small companies to expand expertise in specialty foods and to expand geographical outreach. 

Key companies in the global functional flour market include Cargill Incorporated, SunOpta Inc., The Scoular Company, The Hain Celestial Group Inc., Archer Daniels Midland Company, Associated British Foods plc,., General Mills Inc., Parrish and Heimbecker Limited, Con Agra Foods Inc., and ITC Limited.

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According to estimates presented by a report by TMR, the global functional flour market is likely to expand at a CAGR of 6.8% in terms of revenue between 2017 and 2025, for the market to be worth US$126.8 bn by 2025 end. The opportunities in the market were evaluated to be worth US$70.4 bn in 2016. Among the key raw material segments, wheat currently holds the leading market share; gong ahead too, the segment is likely to hold on to its leading position. By product, genetically modified flour is likely to continue to display the leading demand in the years ahead. North America, among key regional markets, held prominence in the global functional flour market in the recent past. 

Changing Food Habits in Developing Economies Fuels Growth 

Majorly fuelling the functional flour market is rising demand for bakery products. Bakery items such as bread and bun are staple foods of households especially in developed countries in North America and Europe. Ready-to-eat bakery products such as cakes and biscuits find extensive demand especially among youth and children. These products are also consumed as on-the-go foods due to ease of packing. The availability of these foods in whole wheat and multi grain variants is leading to their increasing demand among health conscious consumers. 

On the other hand, rising disposable income and changing food habits are increasing their uptake in developing economies. Consumers in developing countries in Asia Pacific such as China and India are increasingly adopting Western food habits with changing lifestyle and rising preference for health-benefitting foods. Shifting consumer preference from conventional wheat-based flour to functional flour such as oat flour, rye flour, and soy flour for their nutritional value is aiding the functional flour market in these regions. The surging demand for healthy variants of ready-to-eat foods such as bread, biscuits, and cakes is another key factor behind the growth of functional flour market in developing regions. 

Apart from this, increasing demand for low gluten or gluten-free foods is fuelling the functional flour market. Increasing allergies for gluten and rising awareness of health benefits of combination grains is also aiding the growth of functional flour market in these regions. Functional flour is obtained from a combination of grain flour and non-grain flour that has low-gluten content than traditionally consumed single grain flour. Improved nutritional value along with low gluten content are stoking the demand for functional flours. 

Low Profit Margins Dissuade Millers to up Production 

On the flip side, price volatility of grains leading to low profit margins of millers is dissuading their interest for production of specialty flours. In addition, declining consumption of flour mainly for health reasons and increasing switch towards value-based processed bakery or industrial bakery foods is challenging the growth of functional flour market.

Functional Flour Market Projected to Expand at a CAGR of 6.8% between 2017 & 2025

The global functional flour market witnesses the dominance of some large companies that are present in both global and local markets, says Transparency Market Research (TMR) in a new report. However, this market is teeming with small companies that predominantly operate in local markets. Expansion of product portfolio to serve ancillary sectors is what companies are focused on to buoy growth. Large companies are engaged in acquisitions and strategic alliances with small companies to expand expertise in specialty foods and to expand geographical outreach. 

Key companies in the global functional flour market include Cargill Incorporated, SunOpta Inc., The Scoular Company, The Hain Celestial Group Inc., Archer Daniels Midland Company, Associated British Foods plc,., General Mills Inc., Parrish and Heimbecker Limited, Con Agra Foods Inc., and ITC Limited. 

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18248

According to estimates presented by a report by TMR, the global functional flour market is likely to expand at a CAGR of 6.8% in terms of revenue between 2017 and 2025, for the market to be worth US$126.8 bn by 2025 end. The opportunities in the market were evaluated to be worth US$70.4 bn in 2016. Among the key raw material segments, wheat currently holds the leading market share; gong ahead too, the segment is likely to hold on to its leading position. By product, genetically modified flour is likely to continue to display the leading demand in the years ahead. North America, among key regional markets, held prominence in the global functional flour market in the recent past. 

Changing Food Habits in Developing Economies Fuels Growth 

Majorly fuelling the functional flour market is rising demand for bakery products. Bakery items such as bread and bun are staple foods of households especially in developed countries in North America and Europe. Ready-to-eat bakery products such as cakes and biscuits find extensive demand especially among youth and children. These products are also consumed as on-the-go foods due to ease of packing. The availability of these foods in whole wheat and multi grain variants is leading to their increasing demand among health conscious consumers. 

On the other hand, rising disposable income and changing food habits are increasing their uptake in developing economies. Consumers in developing countries in Asia Pacific such as China and India are increasingly adopting Western food habits with changing lifestyle and rising preference for health-benefitting foods. Shifting consumer preference from conventional wheat-based flour to functional flour such as oat flour, rye flour, and soy flour for their nutritional value is aiding the functional flour market in these regions. The surging demand for healthy variants of ready-to-eat foods such as bread, biscuits, and cakes is another key factor behind the growth of functional flour market in developing regions. 

Apart from this, increasing demand for low gluten or gluten-free foods is fuelling the functional flour market. Increasing allergies for gluten and rising awareness of health benefits of combination grains is also aiding the growth of functional flour market in these regions. Functional flour is obtained from a combination of grain flour and non-grain flour that has low-gluten content than traditionally consumed single grain flour. Improved nutritional value along with low gluten content are stoking the demand for functional flours.

Low Profit Margins Dissuade Millers to up Production 

On the flip side, price volatility of grains leading to low profit margins of millers is dissuading their interest for production of specialty flours. In addition, declining consumption of flour mainly for health reasons and increasing switch towards value-based processed bakery or industrial bakery foods is challenging the growth of functional flour market.

Functional Flour Market: Rising Gluten Allergies Stoke Demand for Functional Flours

The global functional flour market witnesses the dominance of some large companies that are present in both global and local markets, says Transparency Market Research (TMR) in a new report. However, this market is teeming with small companies that predominantly operate in local markets. Expansion of product portfolio to serve ancillary sectors is what companies are focused on to buoy growth. Large companies are engaged in acquisitions and strategic alliances with small companies to expand expertise in specialty foods and to expand geographical outreach. 

Key companies in the global functional flour market include Cargill Incorporated, SunOpta Inc., The Scoular Company, The Hain Celestial Group Inc., Archer Daniels Midland Company, Associated British Foods plc,., General Mills Inc., Parrish and Heimbecker Limited, Con Agra Foods Inc., and ITC Limited. 

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18248

According to estimates presented by a report by TMR, the global functional flour market is likely to expand at a CAGR of 6.8% in terms of revenue between 2017 and 2025, for the market to be worth US$126.8 bn by 2025 end. The opportunities in the market were evaluated to be worth US$70.4 bn in 2016. Among the key raw material segments, wheat currently holds the leading market share; gong ahead too, the segment is likely to hold on to its leading position. By product, genetically modified flour is likely to continue to display the leading demand in the years ahead. North America, among key regional markets, held prominence in the global functional flour market in the recent past.

Changing Food Habits in Developing Economies Fuels Growth

Majorly fuelling the functional flour market is rising demand for bakery products. Bakery items such as bread and bun are staple foods of households especially in developed countries in North America and Europe. Ready-to-eat bakery products such as cakes and biscuits find extensive demand especially among youth and children. These products are also consumed as on-the-go foods due to ease of packing. The availability of these foods in whole wheat and multi grain variants is leading to their increasing demand among health conscious consumers.

On the other hand, rising disposable income and changing food habits are increasing their uptake in developing economies. Consumers in developing countries in Asia Pacific such as China and India are increasingly adopting Western food habits with changing lifestyle and rising preference for health-benefitting foods. Shifting consumer preference from conventional wheat-based flour to functional flour such as oat flour, rye flour, and soy flour for their nutritional value is aiding the functional flour market in these regions. The surging demand for healthy variants of ready-to-eat foods such as bread, biscuits, and cakes is another key factor behind the growth of functional flour market in developing regions.

Apart from this, increasing demand for low gluten or gluten-free foods is fuelling the functional flour market. Increasing allergies for gluten and rising awareness of health benefits of combination grains is also aiding the growth of functional flour market in these regions. Functional flour is obtained from a combination of grain flour and non-grain flour that has low-gluten content than traditionally consumed single grain flour. Improved nutritional value along with low gluten content are stoking the demand for functional flours.

Low Profit Margins Dissuade Millers to up Production

On the flip side, price volatility of grains leading to low profit margins of millers is dissuading their interest for production of specialty flours. In addition, declining consumption of flour mainly for health reasons and increasing switch towards value-based processed bakery or industrial bakery foods is challenging the growth of functional flour market.

Functional Flour Market: Changing Food Habits in Developing Economies Fuels Growth

The global functional flour market witnesses the dominance of some large companies that are present in both global and local markets, says Transparency Market Research (TMR) in a new report. However, this market is teeming with small companies that predominantly operate in local markets. Expansion of product portfolio to serve ancillary sectors is what companies are focused on to buoy growth. Large companies are engaged in acquisitions and strategic alliances with small companies to expand expertise in specialty foods and to expand geographical outreach.

Key companies in the global functional flour market include Cargill Incorporated, SunOpta Inc., The Scoular Company, The Hain Celestial Group Inc., Archer Daniels Midland Company, Associated British Foods plc,., General Mills Inc., Parrish and Heimbecker Limited, Con Agra Foods Inc., and ITC Limited.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18248

According to estimates presented by a report by TMR, the global functional flour market is likely to expand at a CAGR of 6.8% in terms of revenue between 2017 and 2025, for the market to be worth US$126.8 bn by 2025 end. The opportunities in the market were evaluated to be worth US$70.4 bn in 2016. Among the key raw material segments, wheat currently holds the leading market share; gong ahead too, the segment is likely to hold on to its leading position. By product, genetically modified flour is likely to continue to display the leading demand in the years ahead. North America, among key regional markets, held prominence in the global functional flour market in the recent past.

Changing Food Habits in Developing Economies Fuels Growth

Majorly fuelling the functional flour market is rising demand for bakery products. Bakery items such as bread and bun are staple foods of households especially in developed countries in North America and Europe. Ready-to-eat bakery products such as cakes and biscuits find extensive demand especially among youth and children. These products are also consumed as on-the-go foods due to ease of packing. The availability of these foods in whole wheat and multi grain variants is leading to their increasing demand among health conscious consumers.

On the other hand, rising disposable income and changing food habits are increasing their uptake in developing economies. Consumers in developing countries in Asia Pacific such as China and India are increasingly adopting Western food habits with changing lifestyle and rising preference for health-benefitting foods. Shifting consumer preference from conventional wheat-based flour to functional flour such as oat flour, rye flour, and soy flour for their nutritional value is aiding the functional flour market in these regions. The surging demand for healthy variants of ready-to-eat foods such as bread, biscuits, and cakes is another key factor behind the growth of functional flour market in developing regions.

Apart from this, increasing demand for low gluten or gluten-free foods is fuelling the functional flour market. Increasing allergies for gluten and rising awareness of health benefits of combination grains is also aiding the growth of functional flour market in these regions. Functional flour is obtained from a combination of grain flour and non-grain flour that has low-gluten content than traditionally consumed single grain flour. Improved nutritional value along with low gluten content are stoking the demand for functional flours.

Low Profit Margins Dissuade Millers to up Production

On the flip side, price volatility of grains leading to low profit margins of millers is dissuading their interest for production of specialty flours. In addition, declining consumption of flour mainly for health reasons and increasing switch towards value-based processed bakery or industrial bakery foods is challenging the growth of functional flour market.

Get more Information: https://globenewswire.com/news-release/2018/03/21/1443704/0/en/Global-Functional-Flour-Market-Rising-Gluten-Allergies-Stoke-Demand-for-Functional-Flours-notes-TMR.html

Functional Flour Market to be Worth US$126.8 bn by 2025

The global functional flour market has been anticipated to witness diversity in product portfolios and strong presence of players worldwide during the course of the forecast tenure 2017-2025. Transparency Market Research (TMR) has profiled some of the leading names in the industry, including ITC Limited, ConAgra Foods, Inc., Parrish and Heimbecker, Limited, General Mills Inc., and The Hain Celestial Group, Inc. A TMR report has predicted the competitive landscape to be highly aggressive with both regional and global players looking to make the cut in the market.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18248

By the closure of the forecast tenure, the global functional flour market has been foreseen by TMR to bag a revenue of close to a US$126.8 bn while growing at a 6.8% CAGR. In 2016, it had arrived at a revenue valuation of around US$70.4 bn. By raw material, wheat has been expected to account for a superior share of the market, considering its 40.49% share attained in 2016. In the same year, North America had secured earnings of up to a US$21.9 bn, which could be an indication of its dominance throughout the forecast tenure.

Changing Consumer Preferences for Staple Foods Fortify Growth

The burgeoning increase in the demand for bakery food products has been foretold to set the tone for an upscale growth of the world functional flour market. While this could be a major growth factor for the market, shifting consumer preferences in terms of staple foods have been projected to significantly improve the demand for functional flour. Bakery and ready-to-eat (RTE) foods are considered primary in North America and Europe. However, the growth in these developed regions alone may not decide the fate of the market because Asia Pacific has been prognosticated to turn the tables around with its higher CAGR.

Multiplying population growth, spiraling disposable income of consumers, and increasing acceptance of healthy food habits could be among the dominant factors augmenting the demand for functional flour in India, Japan, and China. The global increase in the production of gluten-free food products could be another reason for the growth in the world market for functional flour.

Unevenness in Output Prices of Crops Causes Demand to Diminish

In the foreseeable future, the rise in the demand for functional flour has been envisaged to slump because of the unstable pricing of food grains and low profit margins in the industry. Differences in fertilizer, energy, and chemical prices could have adverse effects on the growth of the international functional flour market. Roughness in the output prices of crops has been envisioned to shorten market expansion in the coming years.

Nonetheless, the rise in the count of non-food applications could help negate the challenges that the international functional four market has been forecast to face in the near future. The thermoplastic, viscoelastic, and adhesive nature of wheat flour proteins could help them to track down important applications in pressure-sensitive medical badges. More applications have been prophesied to take shape in the wheat flour market, including cosmetics, edible films, and biodegradable resins.

Get more Information: https://globenewswire.com/news-release/2018/03/21/1443704/0/en/Global-Functional-Flour-Market-Rising-Gluten-Allergies-Stoke-Demand-for-Functional-Flours-notes-TMR.html

Functional Flour Market: Exponential Rise in Demand for Bakery Foods Poses as Chief Growth Factor

The global functional flour market has been anticipated to witness diversity in product portfolios and strong presence of players worldwide during the course of the forecast tenure 2017-2025. Transparency Market Research (TMR) has profiled some of the leading names in the industry, including ITC Limited, ConAgra Foods, Inc., Parrish and Heimbecker, Limited, General Mills Inc., and The Hain Celestial Group, Inc. A TMR report has predicted the competitive landscape to be highly aggressive with both regional and global players looking to make the cut in the market.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18248

By the closure of the forecast tenure, the global functional flour market has been foreseen by TMR to bag a revenue of close to a US$126.8 bn while growing at a 6.8% CAGR. In 2016, it had arrived at a revenue valuation of around US$70.4 bn. By raw material, wheat has been expected to account for a superior share of the market, considering its 40.49% share attained in 2016. In the same year, North America had secured earnings of up to a US$21.9 bn, which could be an indication of its dominance throughout the forecast tenure.

Changing Consumer Preferences for Staple Foods Fortify Growth

The burgeoning increase in the demand for bakery food products has been foretold to set the tone for an upscale growth of the world functional flour market. While this could be a major growth factor for the market, shifting consumer preferences in terms of staple foods have been projected to significantly improve the demand for functional flour. Bakery and ready-to-eat (RTE) foods are considered primary in North America and Europe. However, the growth in these developed regions alone may not decide the fate of the market because Asia Pacific has been prognosticated to turn the tables around with its higher CAGR.

Multiplying population growth, spiraling disposable income of consumers, and increasing acceptance of healthy food habits could be among the dominant factors augmenting the demand for functional flour in India, Japan, and China. The global increase in the production of gluten-free food products could be another reason for the growth in the world market for functional flour.

Unevenness in Output Prices of Crops Causes Demand to Diminish

In the foreseeable future, the rise in the demand for functional flour has been envisaged to slump because of the unstable pricing of food grains and low profit margins in the industry. Differences in fertilizer, energy, and chemical prices could have adverse effects on the growth of the international functional flour market. Roughness in the output prices of crops has been envisioned to shorten market expansion in the coming years.

Nonetheless, the rise in the count of non-food applications could help negate the challenges that the international functional four market has been forecast to face in the near future. The thermoplastic, viscoelastic, and adhesive nature of wheat flour proteins could help them to track down important applications in pressure-sensitive medical badges. More applications have been prophesied to take shape in the wheat flour market, including cosmetics, edible films, and biodegradable resins.

Functional Flour Market Growing at a 6.8% CAGR During 2017 - 2025

Global Functional Flour Market: Overview

The report covers the analysis and forecast of the functional flour market on a global and regional level. The study provides historic data of 2016 along with the forecast for the period between 2017 and 2025 based on revenue (US$ Mn) and Volume (Kilo Tons).

A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Additionally, the report includes potential opportunities in the functional flour market on the global and regional level. Market dynamics are the factors which impact the market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2017 to 2025, along with offering an inclusive study of the functional flour market.

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The competitive profiling of the key players in the global functional flour market across five broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments as in the field of functional flour.

Global Functional Flour Market: Key Segments

The study provides a comprehensive view of the functional flour market by segmenting it based on raw materials into wheat, maize, rice and others. By type, the functional flour market has been segregated into pre-cooked flour, specialty flour and fortified flour. On the basis of product type, the functional flour market is segregated into conventional flour, additive-based flour and genetically modified flour. By application, the functional flour market is segmented into bakery products, noodles & pasta, non-food application and others.

Regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual product and applications in all regions.

Global Functional Flour Market: Scope of the Report

The report provides the size of the functional flour market in 2016 and the forecast for the next nine years up to 2025. The size of the global functional flour market is provided in terms of both volume and revenue. Market revenue and volume is defined in US$ Mn and Kilo Tons respectively. The market size and forecast for each product and application segment are provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different raw materials, type, product type and application. Market dynamics prevalent in North America, Europe and Asia-Pacific have been taken into account for estimating the growth of the global market.

Global Functional Flour Market: Research Methodology

Market estimates for this study have been based on revenue derived through regional pricing trends. The price for commonly utilized quality of functional flour in each application and function has been considered. Demand for functional flour has been derived by analyzing the global and regional demand for functional flour in each application for its respective functions. The global functional flour market has been analyzed based on expected demand.

Average selling price of functional flour products in the major countries has been taken into consideration to estimate regional and global revenue. Forecasts have been based on the expected demand from functional flour applications. We have used the bottom-up approach to estimate the global revenue of functional flour market, split into regions. We have initially determined the volume and price in every region for the functional flour market. Revenue has been determined with the help of volume and price derived from every region. Based on raw materials, type, product type and application, we have summed up the individual revenues from all the regions to achieve the global revenue for functional flour.

The application split of the market has been derived using a bottom-up approach for each regional market separately, with the global application segment split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of functional flour of several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio.

Global Functional Flour Market: Companies Mentioned in Report

The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report are Cargill Incorporated, Archer Daniels Midland Company, The Scoular Company, Associated British Foods plc, SunOpta, Inc., The Hain Celestial Group, Inc., General Mills Inc., Parrish and Heimbecker, Limited, ConAgra Foods, Inc. and ITC Limited.

Functional Flour Market Driven by Health Benefits Derived from these Food Products

The global functional flour market has been anticipated to witness diversity in product portfolios and strong presence of players worldwide during the course of the forecast tenure 2017-2025. Transparency Market Research (TMR) has profiled some of the leading names in the industry, including ITC Limited, ConAgra Foods, Inc., Parrish and Heimbecker, Limited, General Mills Inc., and The Hain Celestial Group, Inc. A TMR report has predicted the competitive landscape to be highly aggressive with both regional and global players looking to make the cut in the market.

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By the closure of the forecast tenure, the global functional flour market has been foreseen by TMR to bag a revenue of close to a US$126.8 bn while growing at a 6.8% CAGR. In 2016, it had arrived at a revenue valuation of around US$70.4 bn. By raw material, wheat has been expected to account for a superior share of the market, considering its 40.49% share attained in 2016. In the same year, North America had secured earnings of up to a US$21.9 bn, which could be an indication of its dominance throughout the forecast tenure.

Changing Consumer Preferences for Staple Foods Fortify Growth

The burgeoning increase in the demand for bakery food products has been foretold to set the tone for an upscale growth of the world functional flour market. While this could be a major growth factor for the market, shifting consumer preferences in terms of staple foods have been projected to significantly improve the demand for functional flour. Bakery and ready-to-eat (RTE) foods are considered primary in North America and Europe. However, the growth in these developed regions alone may not decide the fate of the market because Asia Pacific has been prognosticated to turn the tables around with its higher CAGR.

Multiplying population growth, spiraling disposable income of consumers, and increasing acceptance of healthy food habits could be among the dominant factors augmenting the demand for functional flour in India, Japan, and China. The global increase in the production of gluten-free food products could be another reason for the growth in the world market for functional flour.

Unevenness in Output Prices of Crops Causes Demand to Diminish

In the foreseeable future, the rise in the demand for functional flour has been envisaged to slump because of the unstable pricing of food grains and low profit margins in the industry. Differences in fertilizer, energy, and chemical prices could have adverse effects on the growth of the international functional flour market. Roughness in the output prices of crops has been envisioned to shorten market expansion in the coming years.

Nonetheless, the rise in the count of non-food applications could help negate the challenges that the international functional four market has been forecast to face in the near future. The thermoplastic, viscoelastic, and adhesive nature of wheat flour proteins could help them to track down important applications in pressure-sensitive medical badges. More applications have been prophesied to take shape in the wheat flour market, including cosmetics, edible films, and biodegradable resins.

Functional Flour Market: Opportunities Prevalent in Emerging Markets to Facilitate Growth

Global Functional Flour Market: Snapshot

Functional flour is derived from a combination of various kinds of grain and non-grain flour or genetically modified grain, which primarily has low-gluten content than the traditional flour. Functional flour also offers numerous health benefits to consumers which are not provided by traditional flour. It is a mixture of wheat along with non-grain flour, such as soy flour, corn flour and pulse flour, among others. Improved nutrient quantity together with low-gluten content is pushing the demand for functional flour market globally.

In addition, the rising consumer spending on processed food products is fuelling sales of functional flour products. Health benefits derived from these food products are expected to be the chief driver of the global functional flour market. On the flip side, several companies are reeling under price volatility of grains and stringent food label registrations. Nevertheless, the increasing non-food application of functional flour across diverse industries is likely to bolster market opportunities in the coming years.

The global functional floor market stood at US$70.4 bn in 2016 and is expected to reach US$126.8 bn by the end of 2025. If these figures hold true, the global functional flour market will rise at a positive CAGR of 6.8% between 2017 and 2025.

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Wheat More Popular than Other Segments as a Raw Material

Based on raw material, the global functional flour market has been segmented into wheat, maize, rice, and others. Of these, wheat constituted the leading segment with a share of 40.49% in the overall market in 2016. It is further expected to remain dominant through the course of the forecast period. Maize and rise held the second- and third-leading market share, respectively in the same year. These segments are also expected to retain their positions over the forecast period.

By type, the market is classified into pre-cooked flour, specialty flour, and fortified flour. Of these, the fortified flour segment held the dominant share of 41.28% in the overall market in 2016. Over the forthcoming years, the dominance of this segment is forecast to remain intact. Likewise, in terms of product, the market can be segmented into conventional flour, genetically modified flour, and additive based flour. Of these, the lead is expected to remain with genetically modified flour through the course of the forecast period.

Asia Pacific to Emerge as Dominant Region in Coming Years

Regionally, North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the key segments in the global functional flour market. Among these regions, North America accounted for the leading market share in 2016. The region is witnessing high demand for gluten-free products among consumers. The increasing knowledge about health-benefits derived from functional flour, coupled with the rising demand for bakery products is aiding the expansion of the functional flour market in North America.

However, Asia Pacific is expected to emerge as the dominant regional market exhibiting the leading CAGR of 7.4% between 2017 and 2024. Factors such as the rising disposable income of consumers and increasing willingness to spend on health food, especially in countries such as India, China, and Japan are facilitating the market’s expansion in the region. Besides this, emerging nations in the Middle East and Africa and Brazil are expected to showcase lucrative opportunities.

Major players in the functional flour market are Cargill Incorporated, Archer Daniels Midland Company, The Scoular Company, Associated British Foods plc, SunOpta, Inc., The Hain Celestial Group, Inc., General Mills Inc., Parrish and Heimbecker, Limited, ConAgra Foods, Inc. and ITC Limited.

Functional Flour Market: Non-food Application of Wheat Flour to Create Lucrative Opportunities for Growth

Cargill Incorporated, Archer Daniels Midland Company, The Scoular Company, Associated British Food Plc, SunOpta, Inc., and The Hain Celestial Group, Inc. are some of the leading names operating in the global functional flour market. Besides a diverse product portfolio, these companies enjoy a strong global presence. Besides these and other established players, the market also showcases the presence of many regional players. Overall it is witnessing a highly competitive business environment, finds Transparency Market Research (TMR) in a new study.

Mergers and acquisitions are common among the leading market players eyeing to expand their product portfolio as well as regional footprint. The companies operating the global functional flour market is deriving growth from the growing organic food market. While developed economies will remain at the fore, the market players are looking towards exploring greener pastures across emerging nations.

According to TMR, the global functional flour market is expected to report a CAGR of 6.8% between 2017 and 2025. At this pace, the market’s valuation will reach US$126.8 bn by the end of 2025, from US$70.4 bn in 2016. Based on type, pre-cooked flour, specialty flour, and fortified flour constitute the key market segments. Of these, fortified flour emerged dominant with a share of 41.03% in the global market in 2016 and is expected to remain at the lead through the forecast period.

Regionally, North America led the global functional flour food market in 2016. However, exhibiting the leading CAGR of 7.4% in terms of value, Asia Pacific is forecast to emerge dominant by the end of 2025.

Opportunities Prevalent in Emerging Markets to Facilitate Growth

Globally, the demand for bakery products has increased at an exponential pace. This is the prime factor aiding expansion of the functional flour market. On account of changing consumer preference, bakery products and R.T.E have become staple in many countries across North America and Europe. “If not for this, the demand for functional flour would exhibit rise on account of increasing opportunities in Asia Pacific,” said a lead TMR analyst.

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TMR has projected the Asia Pacific market to beat other regions in terms of CAGR. Factors such as escalating population, rising disposable income, and subsequent concerns towards eating healthy especially in countries such as India, Japan, and China will create lucrative opportunities for the market. Besides this, the demand for gluten-free products is on a rise worldwide. This factor has considerably facilitated the global functional flour market.

Irregularity in Output Price of Crops Pose Threat

Despite lucrative opportunities worldwide, price volatility of grains and low margins have remained key challenges for the market. In the last few years, pace of gains witnessed by the market decelerated in Europe as consumers shifted towards industrial bakery and value-added processed bakery. In addition, irregularity in the output price of crops is limiting the scope for the market’s expansion. There has also been variations in the cost of fertilizers, energy, and chemicals, which had adverse influence on the overall market.

Nevertheless, with the increasing non-food application of functional flour will equipoise aforementioned challenges. “Wheat flour proteins exhibit thermoplastic, viscoelastic, and adhesive properties, which make them suitable for use in pressure-sensitive medical bandages,” observed the TMR report’s author. Other uses of wheat flour are cosmetics, edible films, and biodegradable resins. Such novel applications are expected to fuel growth opportunities for the market in the forthcoming years.

This review is based on a TMR report, titled “Functional Flour Market (Raw Materials - Wheat, Maize, and Rice; Type - Pre-Cooked Flour, Specialty Flour, and Fortified Flour; Product Type - Conventional Flour, Additive-based Flour, and Genetically Modified Flour; Application - Bakery Products, Noodles & Pasta and Non-food Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

The report segments the global functional flour market as:

Global Functional Flour Market: By Raw Materials

• Wheat
• Maize
• Rice
• Others

Global Functional Flour Market: By Type

• Pre-Cooked Flour
• Specialty Flour
• Fortified Flour

Global Functional Flour Market: By Product Type

• Conventional Flour
• Additive-Based Flour
• Genetically Modified Flour

Global Functional Flour Market: By Application

• Bakery Products
• Noodles & Pasta
• Non-Food Application
• Others