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Functional Flour Market Size, Share, Growth, Trends And Forecast 2023-2032
Functional Flour Market Report
The Business Research Company's Functional Flour Global Market Report 2023 identifies the increase in demand for ready-to-eat products as the major driver for the functional flour market's growth in the forecast period. Ready-to-eat products refer to a group of pre-cleaned, pre-cooked, packaged foods that are ready for consumption without prior cooking. Functional flours help improve health and provide more health benefits than regular flours. The changing lifestyles and increased disposable incomes of the population have shown increased demand for ready-to-eat product types as they help save time and effort.
The global functional flour market size is expected to grow from $62.84 billion in 2022 to $66.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The functional flour market is expected to grow to $84.43 billion in 2027 at a CAGR of 6.0%.
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Major competitors in the functional flour market are Cargill Incorporated, Archer Daniels Midland Company, Bunge Limited, Associated British Foods plc, General Mills Inc., The Scoular Company, The Hain Celestial Group Inc., SunOpta Inc., Parrish and Heimbecker Limited, Maticnjak, Shipton Mill, Bos's Red Mill, Limagrain, Gisto's Vita Grain, and AGRANA Beteiligungs-AG.
A key trend in the functional flour market includes product innovation. Major companies operating in the market are developing innovative products and conducting research and developments in the functional flour market. For instance, in July 2021, Ulrick & Short, a Holland-based provider of clean-label starches, flours, fibers, and proteins, introduced a new ingredient, Fazenda gel, a novel functional flour with the express purpose of enhancing viscosity, texture, and structure in bakery applications. The unique features of the product include a viscosity regulator and gluten-free properties to enhance the moisture, softness, and structure in a variety of products and function as a viscosity regulator in bakery applications.
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The functional flour market is segmented -
•By Type: Speciality Flours, Enzyme-Treated, Gluten-Free, Extruded And Partially Transformed, Pre-Gelatinized, Pre-Cooked Flours
•By Raw Material: Maize, Rice, Wheat, Other Raw Materials
•By Application: Non-Food Applications; Bakery Products; Noodles And Pasta; Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the functional flour market.
The Business Research Company's "Global Functional Flour Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Functional Flour Market Include:
1. Executive Summary
2. Functional Flour Market Characteristics
3. Functional Flour Market Trends And Strategies
4. Functional Flour Market - Macro Economic Scenario
5. Functional Flour Market Size And Growth
……
26. Africa Functional Flour Market
27. Functional Flour Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Functional Flour Market
29. Functional Flour Market Future Outlook and Potential Analysis
30. Appendix
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