Global Functional Flours Market 2024-2028
The functional flours market is forecasted to grow by USD 36.14 bn during 2023-2028, accelerating at a CAGR of 8.5% during the forecast period. The report on the functional flours market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for ready-to-eat food from product manufacturers, growing demand for functional flours containing plant-based proteins, and demand for gluten-free food products among consumers.
Technavio's functional flours market is segmented as below:
ByApplication
- RTE products
- Bakery products
- Soups and sauces
- Others
ByType
- Fortified
- Specialty
- Pre-cooked
ByGeography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the innovations in functional flour blends as one of the prime reasons driving the functional flours market growth during the next few years. Also, growing demand for functional flours in emerging economies and expansion of retail stores offering functional flour will lead to sizable demand in the market.
The report on the functional flours market covers the following areas:
- Functional flours market sizing
- Functional flours market forecast
- Functional flours market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional flours market vendors that include AGRANA Beteiligungs AG, Archer Daniels Midland Co., Associated British Foods Plc, Dohler GmbH, GEMEF Industries, General Mills Inc., Ingredion Inc., Kerry Group Plc, MGP Ingredients Inc., Olam Group Ltd., Parrish and Heimbecker Ltd., Sudzucker AG, Symrise AG, Tate and Lyle PLC, The Hain Celestial Group Inc., The Scoular Co., Bunge Global SA, Caremoli SpA, Cargill Inc., and Sensient Technologies Corp.. Also, the functional flours market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.