Global Functional Flour Market size is projected to be valued $120 Billion by 2024; with a CAGR of 6.5% from 2017 to 2025. Flour is a finely ground powder made from a variety of raw grains which include peanuts, oats, rice, corn, barley, and rye, among others. Flour is an excellent source of protein, fiber, vitamins and complex carbohydrates. Gluten-free flours such as chickpea flour, almond flour, brown rice flour, and coconut flour are best suited for people having gluten-related disorders.
Growing population, change in lifestyle, and surge in expansion of cafes & fast food restaurants globally are driving the demand of the functional flour market. Moreover, expansion of commercial farmlands owing to the rising export opportunities and high demand for gluten-free flour globally fuel the growth of the market. However, unfavorable conditions at warehouses and increased use for additives may hinder the growth of the market. Furthermore, gluten-free alternatives such as brown rice flour, and corn flour, among others and growing aquatic feed industry would provide growth opportunities in the upcoming years.
The global functional flour market has been segmented based on the raw material, type, product type, application and geography. By raw material, it is segmented into wheat, maize, rice and others. By type, the market is segmented into pre-cooked flours, specialty flours, and fortified flours. Product type can be segmented into conventional flours and addictive based flours. Furthermore, application is segmented into bakery products, noodles & pasta, non-food applications and others.
By geography the market has been bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, Italy, France, Spain and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
The key market players of the market are Wilmar International Limited, Archer Daniels Midland Company, Heartland Mills, Inc., General Mills Inc., Associated British Foods plc, Hindustan Unilever Limited, ITC Limited, Hodgson Mill, King Arthur Flour Company, Inc., and ConAgra Foods, Inc. among others.
The report covers
Scope of the Global Functional Flour Market
Raw Material Segments
Product Type Segments