Global Functional Flours Market Report By Type (Pre-Cooked Flours, Specialty Flours, Others (enriched flours, instant flour mixes, and composite flours), By Application (Bakery Products, Soups & Sauces, RTE Products, Others (seasoning bases, coatings, spreads & infant formula, special diet foods, and beverages), By Source (Cereals, Legumes) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026

ID:VMR11214133
February 2021
Report Formats:

Global Functional Flours Market Overview

The key driver impacting the functional flours market is the increasing demand for gluten-free products. The high demand for gluten-free food products is estimated to boost market demand in the coming year as functional flour contains less gluten than conventional flour.  For instance, According to the Institute of Food Technologists report, the gluten-free food market is estimated to reach  $7.6 billion in the United States in 2020. As per the National Restaurant Association (NRA) reports, around 44% of surveyed chefs believe that gluten-free cuisine is a growing food trend. Restaurants are more likely to serve dishes known as gluten-free. Around 26% of restaurant menus mentioned the term "gluten-free" in the U.S., up by 182% in the past four years and increased by 10% in the past year alone. Moreover, the augmented consumer spending and positive government regulations are made to encourage the consumption of healthy food products estimated to be a significant factor that adds growth to the market.

According to Value Market Research, the global functional flours market was valued at around USD 62.5 billion in 2020 and is estimated to grow at a CAGR of about 7.5% during the forecast period of 2020 to 2026.

The growing demand from the food and beverage industry and increasing consumption of ready to eat food products are also predictable to enhance market demand in the forecast period. for instance, according to the Institute of Food Technologists report, worldwide sales of packaged foods and drinks attained $2.1 trillion in 2017 and are supposed to augment at a compound annual growth rate (CAGR) of 2.2% through 2022. the Asia Pacific and the Middle East/Africa food sectors are likely to grow at a high pace in the coming years. the quick-service restaurants are continued to break full-service eateries globally, with sales of $856 billion in 2018 increased by 2.9% than in 2017. however, the increase in strict food labeling legislation and volatility in commodity prices may hamper the global functional flours industry in the long run. also, the lack of technical resources and weak infrastructure is negatively impacting the growth of the market. the current industry trends, such as changing lifestyle and dietary habits of the working population, together with the rising demand for healthier low-fat alternatives, are expected to provide beneficial market opportunities for the market players.

The functional flours market is vast, with many local and global players. the key leaders follow several strategies to improve their market position, such as acquisitions, mergers, expansions, product innovations, and extending product portfolio, to enhance their market share globally. For instance, In 2016, ADM purchased some assets of Caterina Foods (US), which is a leading producer of high-protein and gluten-free pasta. the acquisition can expand its production facilities to produce specialty pasta from legumes and grains. The known players included in the report Archer Daniels Midland Company, Cargill Incorporated, The Scoular Company, The Hain Celestial Group, Inc, Bunge Limited, Associated British Foods plc, General Mills Inc, Parrish and Heimbecker Ltd,  ConAgra Foods, Inc, ITC Limited, Ingredion Inc, The Caremoli Group, Unicorn Grain Specialties, SunOpta Limited.

Global Functional Flours Market Share

In this research report, the functional flours market is segmented by type, application, source, and region.

Analysis by Type:
By type, the report is categorized into pre-cooked flour and specialty flour. The pre-cooked segment dominates the type segment with a 55% market share in 2020. It is due to its extensive usage in baked products such as cookies, biscuits, crackers, and tortillas for enhancing their nutritional values while maintaining functional and sensory properties. Moreover, high usage of pre-cooked flours in bakery products and breakfast cereals contribute to the growth of the pre-cooked flour segment in the coming years.

Analysis by Applications: 
By applications, the report is categorized into bakery, soups & sauces, R.T.E products. The bakery segment dominates the application segment with a 30% market share in 2020. It is due to the growing usage of functional flours in the bakery industry. Functional flours are used to produce bread, cakes & pastries, donuts & rolls, cookies, and other bakery products. Moreover, the rapidly growing liking for bakery products from millennials globally, contributing to the growth of the bakery segment in the forecast period.

Analysis by Source:
By source, the report is categorized into Cereals and Legumes. The cereals segment dominates the source segment with a 55% market share in 2020. It is due to the abundance of raw materials such as wheat, maize, and soy, and Wheat flour is one of the widely used bakery flours. Moreover, growing demand from the food sector contributes to the vast growth of the cereals segment in the forecast period.

Analysis by Region:
In the regional outlook of the global functional flours market, the North America region dominates with a maximum market share of 40% in 2019. The rising technological innovations and launch of a broad variety of functional flour products with different sources and taste and are driving the functional flour market in North America. Moreover, the growing focus of consumers towards healthy food products is contributing to the development of functional flours market across North America.

Market Segmentation covered in the Report:
By Type
  • Pre-Cooked Flours
  • Specialty Flours
  • Others (enriched flours, instant flour mixes, and composite flours)    
By Application
  • Bakery Products
  • Soups & Sauces
  • RTE Products
  • Others (seasoning bases, coatings, spreads & infant formula, special diet foods, and beverages)  
By Source:
  • Cereals
  • Legumes
By Region
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa
METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.  

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . FUNCTIONAL FLOURS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By Source
           3.7.4 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL FUNCTIONAL FLOURS MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Pre-Cooked Flours Market by Regions
       6.5 Specialty Flours Market by Regions
       6.6 Others Market by Regions
 
7 . GLOBAL FUNCTIONAL FLOURS MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Bakery Products Market by Regions
       7.5 Soups & Sauces Market by Regions
       7.6 RTE Products Market by Regions
       7.7 Others Market by Regions
 
8 . GLOBAL FUNCTIONAL FLOURS MARKET ANALYSIS BY SOURCE
       8.1 Overview by Source
       8.2 Historical and Forecast Data
       8.3 Analysis by Source
       8.4 Cereals Market by Regions
       8.5 Legumes Market by Regions
 
9 . GLOBAL FUNCTIONAL FLOURS MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview, Historic and Forecast Data
           9.3.2. North America By Segment
           9.3.3. North America By Country
           9.3.4. United State
           9.3.5. Canada
           9.3.6. Mexico
       9.4. Europe
           9.4.1. Overview, Historic and Forecast Data
           9.4.2. Europe by Segment
           9.4.3. Europe by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7. Italy
           9.4.8. Russia
           9.4.9. Rest Of Europe
       9.5. Asia Pacific
           9.5.1. Overview, Historic and Forecast Data
           9.5.2. Asia Pacific by Segment
           9.5.3. Asia Pacific by Country
           9.5.4. China
           9.5.5. India
           9.5.6. Japan
           9.5.7. South Korea
           9.5.8. Australia
           9.5.9. Rest Of Asia Pacific
       9.6. Latin America
           9.6.1. Overview, Historic and Forecast Data
           9.6.2. Latin America by Segment
           9.6.3. Latin America by Country
           9.6.4. Brazil
           9.6.5. Argentina
           9.6.6. Peru
           9.6.7. Chile
           9.6.8. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview, Historic and Forecast Data
           9.7.2. Middle East & Africa by Segment
           9.7.3. Middle East & Africa by Country
           9.7.4. Saudi Arabia
           9.7.5. UAE
           9.7.6. Israel
           9.7.7. South Africa
           9.7.8. Rest Of Middle East And Africa
 
10 . COMPETITIVE LANDSCAPE OF THE FUNCTIONAL FLOURS COMPANIES
       10.1. Functional Flours Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF FUNCTIONAL FLOURS INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. Archer Daniels Midland Company
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. Cargill Incorporated
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. The Scoular Company
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. The Hain Celestial Group, Inc
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Bunge Limited
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. Associated British Foods plc
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. General Mills Inc
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. Parrish and Heimbecker Ltd
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. ConAgra Foods, Inc
           11.11.1. Company Overview
           11.11.2. Financials
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. ITC Limited
           11.12.1. Company Overview
           11.12.2. Financials
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. Ingredion Inc
           11.13.1. Company Overview
           11.13.2. Financials
           11.13.3. Products
           11.13.4. Recent Developments
       11.14. The Caremoli Group
           11.14.1. Company Overview
           11.14.2. Financials
           11.14.3. Products
           11.14.4. Recent Developments
       11.15. Unicorn Grain Specialties
           11.15.1. Company Overview
           11.15.2. Financials
           11.15.3. Products
           11.15.4. Recent Developments
       11.16. SunOpta Limited
           11.16.1. Company Overview
           11.16.2. Financials
           11.16.3. Products
           11.16.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Pre-Cooked Flours Market by Geography (USD MN)
  •  Specialty Flours Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis Market by Application (USD MN)
  •  Bakery Products Market by Geography (USD MN)
  •  Soups & Sauces Market by Geography (USD MN)
  •  RTE Products Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis by Source (USD MN)
  •  Cereals Market by Geography (USD MN)
  •  Legumes Market by Geography (USD MN)
  •  Global Functional Flours Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Functional Flours Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Functional Flours Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Source
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Pre-Cooked Flours Market by Geography (USD MN)
  •  Specialty Flours Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Bakery Products Market by Geography (USD MN)
  •  Soups & Sauces Market by Geography (USD MN)
  •  RTE Products Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Source (USD MN)
  •  Cereals Market by Geography (USD MN)
  •  Legumes Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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