Sarasota, FL -- (SBWire) -- 11/06/2018 --Zion Market Research has published a new report titled "Functional Flour Market By Raw Material (Legumes and Cereals), By Application (Soups & Sauces, Bakery, and R.T.E. Products), And Product Type (Pre-cooked Flour, Fortified Flour, And Specialty Flour): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024". According to the report, the global functional flour market was valued at around USD 64,525.23 million in 2017 and is expected to reach approximately USD 104,646.11 million by 2024, growing at a CAGR of around 7.26% between 2018 and 2024.
Functional flour is a sort of flour that is produced by enhancing the nutritional values through different procedures, for example, blending, wheat breeding, and others. Functional flour has more nutritional advantages as compared to typical flour. It additionally is high in vitamins and minerals. Functional flours are changed wheat or non-customary flours that claim to improve the wellbeing and give superior medical advantages. It may likewise incorporate flours that are strengthened with nutraceutical, herbs, and vitamins.
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New product launch is one of the key strategies of the companies operating in the global functional flour market. For instance, Kampffmeyer Muhlen GmbH introduced a clean label functional flour with the expanded timeframe of usability. Another case of the product improvement is GoodMills declared openly out of the functional flour at HI Europe tradition.
The global functional flour market is anticipated to rise at a significant growth rate over the forecast period. The growth is fueled by the use of functional flour in ready-to-eat food items and bakery products. Dietary habits and changing the lifestyle of the working population is projected to boost the demand for healthy food products. This, in turn, will propel the growth of the functional flour market across the globe.
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Increasing popularity for gluten-free food products along with increased health benefits of functional flours is anticipated to support the growth of the functional flour market especially among the populations of the developed economies such as North America, Western Europe, etc. Moreover, increasing per capita income in the developing economies is estimated to propel the growth of the market in the near future. Nevertheless, the major factor affecting the functional flour market growth is the high cost of the raw materials. Moreover, uncertain weather condition can also create a high impact on the global functional flour market supply.
Some of the key flour milling & processing associations include National Association of British and Irish Flour Millers, North American Millers' Association, and European Flour Millers. Regulatory associations and government bodies involved in the functional flavor manufacturers include EFSA (the European Food Safety Agency), FDA (the Food and Drug Administration), FSANZ (the Food Safety Australia and New Zealand), and FSSAI (the Food Safety and Standards Authority of India). Some of the key players involved in the value chain of functional flours are General Mills, Inc., SunOpta, Inc., Archer Daniels Midland Company, Cargill, Incorporated, The Hain Celestial Group, Inc., Associated British Foods plc, Parrish & Heimbecker, Limited, AGRANA Beteiligungs-AG, The Scoular Company, and Bunge Limited. The report includes detailed profiles including the financial overview, business strategies, key developments, company overview, etc. of key players operating in the global market. Few major strategies of the companies operating in the functional flour market are merger & acquisition, product launch, backward & forward integration, etc.
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This report segments the global functional flour market as follows:
Global Functional Flour Market: By Raw Material Segment Analysis
Legumes
Cereals
Global Functional Flour Market: Application Segment Analysis
Soups & Sauces
Bakery
R.T.E. Products
Global Functional Flour Market: Product Type Segment Analysis
Pre-cooked Flour
Fortified Flour
Specialty Flour
Global Functional Flour Market: Regional Segment Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Global Functional Flour Market Rise of the Market over Time $104,646.11 Million by 2024
Functional Flour Market By Raw Material (Legumes and Cereals), By Application (Soups & Sauces, Bakery, and R.T.E. Products), And Product Type (Pre-cooked Flour, Fortified Flour, And Specialty Flour): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024