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Published Date: 2017-03-27Number of Pages: 200

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

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.

functional flour market

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.

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.

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. 

The market has been segmented as follows:

Global Functional Flour Market: By Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa
    • U.A.E.
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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


 
 
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