ALBANY, New York, March 27, 2017 /PRNewswire/ --
According to a new market report published by Transparency Market Research entitled "Functional Flour Market (Raw Materials- Wheat, Maize, Rice and Others; 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, Non-Food Application and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025" in terms of revenue, the global functional flour market was valued at US$ 70,469.9 Mn in 2016, and is expected to reach US$ 126,813.6 Mn by 2025, expanding at a CAGR of 6.8% from 2017 to 2025.
Functional flour is genetically modified grain which generally has low-gluten content as compared to traditional flour. Functional flour is a blend of grain and non-grain flour or genetically modified grain with improved nutrient content. Increase in the demand for R.T.E. (ready to eat) products is driving the functional flour market over the forecast period. Escalating health concerns among consumers for gluten-free products propelled the demand for functional flour market over the years to come. Asia-Pacific has potential market opportunities over the estimated period in the functional flour market owing to its mounting population. Rise in consumer expenditure for processed foods is one of the major reasons for the growth of the functional flour market. Fluctuation in the price of raw materials acts as a major restraint for the functional flour market. Non-food application of functional flour is likely to create scope for more expansion in the functional flour market over the forecast period.
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The functional flour market has been segregated by raw materials, type, product type, application and geography. By raw materials, the functional flour market is segmented into wheat, maize, rice and other type of raw materials such as soy, barley, rye and corn among others. Wheat held the most of the share of the functional flour market in 2016 and it is expected to hold its position over the forecast period. On the basis of type, the functional flour market is classified into pre-cooked flour, specialty flour and fortified flour. Specialty flour is one of the fastest growing segments in the functional flour market throughout the estimated period. By product type, the functional flour market has been divided into conventional flour, additive-based flour and genetically modified flour. Genetically modified flour accounted for the key share of the functional flour market over the predicted period. The applications of functional flour market include bakery products, noodles & pasta, non-food application and other type of applications such as baby food, crackers and wafers, among others. Noodles & pasta is expected to be one of the fast growing segments in the functional flour market throughout the forecast period.
Geographically, the functional flour market is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. North America accounted for the majority of the market share in 2016 and it is likely to retain a leading position in the functional flour market over the forecast period. Developed nutritional content for functional flour over traditional flour has propelled the demand for functional flour market in this region. Rise in the demand for low-gluten free products is a major driving factor for this region. The U.S. held the majority of the market share in 2016 and it is likely to retain its position over the forecast period.
Europe has a considerable market share in the functional flour market owing to the health consciousness among consumers. Asia-Pacific is the most attractive region for the functional flour market over the projected period. The rise in the demand for R.T.E. (ready to eat) products has enhanced the growth of functional flour market in this region. Increase in the population has facilitated the demand for functional flour products in Asia-Pacific. China and India accounted for a significant share of the functional flour market in this region. Middle East & Africa is a promising region for this market owing to the rise in the demand for bakery products. Brazil booked for a key share of the functional flour market in Latin America.
The major players in the functional flour market are Cargill Incorporated, Archer Daniels Midland Company, The Scoular Company, Associated British Foods plc, General Mills Inc., Parrish and Heimbecker, Limited, ConAgra Foods, Inc. and ITC Limited, among others.
The market has been segmented as follows:
Global Functional Flour Market: By Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
Global Functional Flour Market: By Raw Materials
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
Browse Other Related Market Research Reports:
- Global Flour Market: http://www.transparencymarketresearch.com/flour-market.html
- Baking Ingredients Market: http://www.transparencymarketresearch.com/baking-ingredients-market.html
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