Functional Flour Global Market Report 2024

The global functional flour market has grown strongly in recent years. It will grow from $66.79 billion in 2023 to $71.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historical period can be attributed to the utilization of functional flour in the food processing industry, the recognition of specific health benefits, the increasing demand for specialty diets, the rise in interest for personalized nutrition, and innovations in product formulation.

The global functional flour market is expected to see strong growth in the next few years. It will grow to $91.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to the increasing demand for specialty flours, consumer preferences for clean labels, a focus on functional attributes, the influence of health and wellness trends, and the growing requirements for gluten-free and allergen-free products. Key trends expected in the forecast period encompass regulatory changes and evolving labeling standards, the utilization of functional flour in food processing, the promotion of global culinary fusion, a commitment to sustainable and ethical sourcing practices, and continuous innovation in food technology.

The increase in demand for ready-to-eat products is a significant driver contributing to the growth of the functional flour market. Ready-to-eat products, which are pre-cleaned, pre-cooked, and packaged foods ready for immediate consumption, have witnessed a surge in demand. This demand is driven by changing lifestyles, increased disposable incomes, and the convenience these products offer in terms of time and effort savings. The rapid growth of China's ready meals market, with annual sales expected to exceed $148 billion in the next six to seven years and an annual growth rate of 20%, underscores the global trend towards ready-to-eat products. Functional flours play a crucial role in enhancing the health benefits of these products.

The rise in health-conscious consumers is expected to further propel the growth of the functional flour market. Health-conscious consumers prioritize maintaining and improving their physical and mental well-being, actively seeking ways to make healthier lifestyle choices. Functional flours, with their nutrient-rich profiles, provide an attractive option for health-conscious consumers looking for ingredients that contribute to overall wellness. The increased adoption of specific diets or eating patterns, such as clean eating and mindful eating, reflects a growing awareness and commitment to healthier lifestyles. As a result, functional flours are well-positioned to cater to the preferences of health-conscious consumers.

Product innovation stands out as a key trend in the functional flour market, with major companies focusing on developing innovative products. For example, Ulrick & Short introduced Fazenda gel, a functional flour designed to enhance viscosity, texture, and structure in bakery applications. The unique features of this product, including gluten-free properties and its role as a viscosity regulator, demonstrate ongoing efforts to bring innovative solutions to the market. Such innovations contribute to meeting the evolving demands of consumers and the food industry.

Major companies in the functional flour market are increasingly focusing on introducing natural functional flours to gain a competitive edge. Natural functional flours, characterized by minimal processing and the retention of original nutritional content, are gaining traction. Limagrain's Innosense range of functional flours, designed for extruded snacks, exemplifies this trend. These flours address challenges in snack production, offering solutions such as starch replacement, hydration improvement, cost savings, and enrichment with fiber and protein. The emphasis on natural, clean-label solutions reflects a broader industry shift towards meeting consumer demands for healthier and more sustainable food options.

In June 2022, General Mills, a prominent U.S.-based manufacturer specializing in branded consumer foods with a focus on the functional flour market, successfully acquired TNT Crust for an undisclosed sum. This strategic acquisition aligns with General Mills' 'accelerate' strategy, reinforcing its dominant position in the rapidly growing market for frozen baked products designed for consumption away from home. TNT Crust, headquartered in the Netherlands, is a key player in providing pizza crusts and is also involved in the functional flour market.

Major companies operating in the functional flour market report are Cargill Incorporated, Archer Daniels Midland Company, Bunge Limited, Associated British Foods PLC, General Mills Inc., Ingredion Incorporated, Tate & Lyle PLC, Döhler GmbH, Kerry Group PLC, Sensient Technologies Corporation, AGRANA Beteiligungs-AG, SunOpta Inc., The Scoular Company, The Hain Celestial Group Inc., Parrish and Heimbecker Limited, Diana Food SAS, Olam International Limited, SVZ International BV, Kanegrade Ltd., FruitSmart Inc., Milne Fruit Products, Tree Top Inc., Welch Food Inc., Frutarom Industries Ltd., Givaudan SA, Symrise AG, Firmenich SA, MGP Ingredients Inc.

North America was the largest region in the functional flour market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the functional flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the functional flour market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of functional flours encompass specialty flours, enzyme-treated flours, gluten-free flours, extruded and partially transformed flours, pre-gelatinized flours, and precooked flours. Specialty flours stand out for their versatility, imparting distinctive flavors and textures to a wide range of applications, aligning with various consumer trends and expectations. Raw materials for functional flours include maize, rice, wheat, and others, catering to applications beyond the food sector, such as non-food applications. These flours find use in bakery products, noodles and pasta, and various other culinary applications, contributing to the production of cleaner-label, healthier, and more nutrient-dense food and feed products. The diverse range of functional flours reflects their adaptability and ability to meet the evolving demands of the food and beverage industry.

This report provides functional flour market statistics, including functional flour industry global market size, regional shares, competitors with a functional flour market share, detailed functional flour market segments, market trends and opportunities, and any further data you may need to thrive in the functional flour industry. This functional flour market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The functional flour market consists of sales of amaranth flour, wheat flour, arrowroot flour, buckwheat flour, cassava flour, chickpea flour, and chia flour. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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