(EMAILWIRE.COM, October 01, 2019 ) Overview
The Functional Flours are prepared from grains and non-grains using a unique hydrothermal process. The grains used for this include wheat, corn, rice, rye, oats, and others. Non-grains are mostly pulses and legumes. The Hydrothermal treatment process controls particle size and improves the hot or cold bonding ability. They are gaining popularity due to their nutritional advantages and various applications in the food industry. Functional Flours Market is worth USD 57.76 billion in 2018 and estimated to grow at a CAGR of 7.8%, to reach USD 84.09 billion by 2023. The term functional flour is commonly used for hydro-thermally treated speciality flours.
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Drivers and Restraints:
The factors driving the growth of market include, the increase in consumption of processed and packaged food in developed and developing regions, increasing popularity for premium food products, growing consumer preference towards healthy and convenience foods, the new developments like ethnic mixes and government initiatives to promote the functional flours industry and increase in trade of these commodities. The factors like seasonal changes affecting raw material supply and stern food labelling legislation are the restrains for the growth of the market.
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Geographic Segmentation
On the basis of the Geographical analysis, the market is divided into regions of North America, Asia-Pacific, Europe, Latin America and The Middle East and Africa. North America is leading the market regionally, due to high consumption and demand for processed and bakery food as well as due to the presence of a well-developed food industry. Cereal Flours have held the major share in the market in terms of the source due to their applications in processed and bakery foods.
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The companies dominating the global functional flours market include Cargill, Incorporated, Archer Daniels Midland Company, Bunge Limited, Associated British Foods plc, General Mills, Inc., The Scoular Company, AGRANA Beteiligungs-AG, The Hain Celestial Group, Inc., SunOpta, Inc., and Parrish and Heimbecker, Limited.
The Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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