Functional Flour Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Albany, NY -- (SBWire) -- 08/07/2018 --The global market for functional flour is competitive in nature and is expected to witness a high level of competition among the local as well as global players in the next few years, states a new market intelligence study by Transparency Market Research. The leading players in the market are focusing on the development of new products, which is estimated to enhance the market penetration for the market players in the next few years. Some of the leading players operating in the functional flour market across the globe are ITC Limited, Cargill Incorporated, SunOpta Inc., The Hain Celestial Group Inc., Con Agra Foods Inc., Associated British Foods plc., General Mills Inc., Parrish and Heimbecker Limited, The Scoular Company, and Archer Daniels Midland Company. The rising number of mergers and acquisitions and collaborations is expected to offer potential growth opportunities for the market players in the coming few years.

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According to the market research study by Transparency Market Research, the global market for functional flour is expected to reach a value of US$126.8 bn by the end of 2025. The market is projected to register a healthy 6.80% CAGR between 2017 and 2025.

North America to Witness Healthy Growth in Coming Few Years

The global market for functional flour has been classified on the basis of geography into the Middle East and Africa, Europe, Asia Pacific, North America, and Latin America. In the last few years, North America accounted for a large share of the global market and is estimated to remain in the leading position throughout the forecast period. However, North America is considered as a mature market and is expected to witness a decline in the market share in the coming years. Furthermore, Europe is expected to witness a healthy growth in the next few years. The developing economies in Asia Pacific holds potential growth opportunities for the market players, which is estimated to accelerate the growth of the overall market in the next few years.

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On the basis of raw material, the global functional flour market has been categorized into maize, wheat, rice, and others. Among these, the wheat segment is expected to lead the global functional flour market in the next few years. This segment is likely to remain in the similar position in the coming years, thanks to the rising demand for food products using wheat. According to the research study, this segment is estimated to reach a value of US$51,457.5 mn by the end of 2025. Furthermore, the maize segment is projected to register a healthy growth rate in the next few years.

Rising Demand for Healthy and Convenience Foods to Accelerate Market Growth

The rise in the consumption of healthy and convenience food products and the rise in the demand for premium food products are some of the key factors that are estimated to encourage the growth of the global functional flour market in the next few years. The rising number of initiatives promoting functional flours and the rising demand for healthier and low fat alternatives are estimated to accelerate the growth of the overall market in the coming years. On the other hand, the fluctuating commodity prices and the stringent government rules and regulations are predicted to restrict the growth of the market in the coming years. Nonetheless, the rising global trading is projected to offer potential growth opportunities for the market players in the near future.

This information is based on the findings of a research report published by Transparency Market Research (TMR), titled "Functional Flour Market (Raw Material - Wheat, Maize, and Rice; Type - Pre-cooked Flour, Specialty Flour, and Fortified Flour; Product - Conventional Flour, Additive-based Flour, and Genetically Modified Flour; Application - Bakery Products, Noodles and Pastas, and Non-food Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."

Key Takeaways:

A significant rise in the demand for healthy food products is one of the major factors encouraging the growth of the global functional flour market in the near future.
Players in the global functional flour market to focus on untapped opportunities in developing economies across the globe.