Global Functional Flour Sales Market Report 2023

Market Analysis and Insights: Global Functional Flour Market

The functional flours market is directly influenced by the growing processed food industry. The rise in consumption of bakery and R.T.E products in developing economies is driving the market. Busy work schedules demand on-the-go consumption and convenient meals. In addition to this, health and wellness consciousness among consumers, and rise in income levels have boosted sales of functional flours as base ingredients and thickening agents. Food safety legislations and health hazards of gluten (for gluten-sensitive individuals) have helped in educating consumers about the benefits offered by functional flours in food products. In light of the benefits offered by different functional flours, and the increasing demand for bakery and R.T.E. products, governments of various countries are promoting the functional flours industry, assisting the manufacturers and suppliers of this industry.

Due to the COVID-19 pandemic, the global Functional Flour market size is estimated to be worth US$ 72940 million in 2022 and is forecast to a readjusted size of US$ 117800 million by 2029 with a CAGR of 7.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Pre-Cooked Flour accounting for % of the Functional Flour global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Bakery segment is altered to an % CAGR throughout this forecast period.

In Spain, Functional Flour key players include Harinera del Mar, Oromas, Harimsa, Haricaman, etc. Global top four manufacturers hold a share over 55%.

In terms of product, Specialty Flour is the largest segment, with a share about 75%. And in terms of application, the largest application is Bakery, followed by R.T.E Products, Soups and Sauces, etc.

Global Functional Flour Scope and Market Size

The global Functional Flour market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Functional Flour market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


Pre-Cooked Flour

Specialty Flour



Segment by Application


Bakery

Soups and Sauces

R.T.E Products

Others


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


Harinera del Mar

Oromas

Harimsa

Haricaman

Comercial Gallo

Unilever (MAIZENA)

Harinera Vilafranquina

Ebro Foods (Santa Rita Harinas)

Ingredion

Limagrain