Functional Flour Market Overview:
The functional flour market is expected to remain positive, with rapid growth in demand and health consciousness. Besides, the growth in the prevalence of chronic diseases and the focus on preventive healthcare would drive the market growth. According to Market Research Future (MRFR), the global Functional Flour Market is expected to reach USD 53,355 MN by 2030, growing at 8.6% CAGR during the assessment period (2022-2030).
Also, the rising disposable income, the increasing focus on natural products, and the increasing availability of functional flours push the market growth. Moreover, growing interest in functional foods, increasing consumer awareness about immunotherapies, and increasing investment by manufacturers are expected to fuel the growth of the global functional flour market.
Natural immune boosters are substances that increase a person’s immune system response. Natural immune boosters have become increasingly popular as they have minimal side effects and are more effective than artificial methods. The increasing adoption of natural products for boosting immunity and raising awareness about the importance of immunity bolsters market shares.
Consumers and food companies increasingly seek high-quality, plant-based protein products that deliver food functionality and are good for the environment. The rise in chronic diseases and focus on preventive healthcare substantiate market revenues. Moreover, the rising trend of health consciousness, the increasing availability of natural functional flour, and the growing popularity of natural functional foods are expected to drive market growth.
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Functional Flour Market – Segments:
The market report is segmented into sources, claims, distribution channels, and regions. The source segment is sub-segmented into wheat, corn, rice, rye, peanut, and others. The claim segment is sub-segmented into gluten-free, organic, pregelatinized, and others. The distribution channel segment is sub-segmented into store-based and non-store-based. By region, the functional flours market is segmented into North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).
Global Functional Flour Market – Regional Analysis:
North America accounts for the largest functional flour market share, mainly due to the rising prevalence of chronic diseases, the presence of several leading manufacturers, and the increasing demand for functional flour products. The Americas is expected to lead the functional flour market due to the increasing consumer demand for immune boosters and the rising awareness of the importance of boosting immunity.
Functional Flour Market – Competitive Analysis:
Manufacturers seek more innovative, sustainably produced ingredients to fulfill the growing global demand for better plant-based foods. Market players focus on product launches, innovations, mergers & acquisitions, and collaborations to increase their business.
The major players in the global functional flour market are Parrish and Heimbecker Limited (Canada), Cargill (US), Archer Daniels Midland Company (US), Associated British Foods PLC (UK), Bunge Limited (US), General Mills Inc. (US), Associated British Foods PLC (UK), The Scoular Company (US), The Hain Celestial Group Inc. (US), Agrana Beteiligungs-AG (Austria), and Sunopta Inc (Canada), among others.
Industry/ Innovation /Related News:
Sept.13, 2022 — Equinom Ltd., a fully integrated food-tech company, announced a partnership with AGT Food and Ingredients Inc., a global plant-based food product and ingredient supplier, to develop plant-based functional ingredients. The collaboration will help develop, validate, and commercialize co-branded, functional plant-protein ingredients produced from Equinom’s high-protein yellow peas.
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