Observing the current craze around fitness, it would not be very wrong to say that the global functional flour market will experience tremendous growth over the forecast period. The market is anticipated to accrue a staggering revenue of USD 90 billion during 2018-2023. In terms of CAGR, the market is expected to move forward at the rate of 5.46%.
There are a number of factors that can be held accountable for the success and development of this market. The higher demand for healthier food items happens to be a chief growth driver for this industry. Furthermore, the increase in bakery products production and the heightened acceptance of gluten-free flour further direct the market towards its growth.
Another aspect that works in the favor of the market is the changing food preferences of the consumers. However, the industry may come across minor hurdles like stringent government rules and shortage of resources for production. However, with passing time the market is expected to overcome these small problems.
Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/1807
Market Players & Strategies
Some of the most trusted and renowned names of this market can be listed as The Scoular Company, Bunge Limited, Cargill, Sunopta, Inc. and Parrish and Heimbecker Limited. Some of the major strategies used by these players is novel product development and strategic expansion.
The worldwide Functional Flour Market has been divided into five equal parts. They can be listed as applications, sources, forms, regions and functional properties.
On the basis of applications, the market has been separated into gluten free products, bakery products, dairy products & other beverages, spreads & seasoning bases, breakfast cereals, pasta and infant food products.
On account of sources, the industry can be fragmented into tapioca, wheat, rice, peanut, rye, corn and sprouted grain.
Based on forms, the market is further segmented into granulated functional flours, waxy functional flours and instant formula and multi benefit functional flours.
Geographically, the market has its reach across various parts of the world like North America, Asia Pacific, Europe and Rest of the World.
Lastly, when it comes to functional properties, the market is segregated into pre-gelatinized, gluten-free, fortified and organic.
One of the major innovations in the global functional food market recently has been the introduction of cricket flour. Although the name might sound weird but this flour is full of enriching nutrients. Consuming this on a regular basis can help recipients lead a healthy life.
Access Report Details @ https://www.marketresearchfuture.com/reports/functional-flour-market-1807