Functional Flours Market by Type (Pre-cooked Flour, Specialty Flour), Application (Bakery, Soups & Sauces, R.T.E Products), Source (Cereals and Legumes), and Region (North America, Europe, Asia-Pacific, Rest of the World) - Global Forecast to 2022

“Functional flours market is projected to grow at a CAGR of 7.82% in terms of value”
The functional flours market has grown rapidly in the last few years and is projected to reach USD 78.00 billion by 2022 in terms of value, and 156.92 MT, in terms of volume by 2022. The rise in demand from industries such as bakery, R.T.E products, and soups & sauces is driving the functional flours market. Rise in consumer spending on processed food products is also estimated to be the key driving factor for the functional flours market. Government initiatives to promote the functional flours industry and increase in trade of these commodities have complemented the overall growth of this industry. However, strict food labeling legislations and seasonal variations affecting the supply of raw materials with fluctuating prices restrain the growth of the market.
“Soups & sauces: Projected to be the fastest-growing market”
The application of functional flours in soups & sauces is emerging as a potential market, and is projected to grow at the highest CAGR from 2016 to 2022. Pre-cooked flours obtained from cereals and legumes are mostly used as ingredients to make soups & sauces. These flours are used to maintain the thickness and consistency of various soups & sauces. The emerging economies in the developing regions have influenced the food industry significantly and are expected to be responsible for the increasing consumption of soups & sauces during the forecast period, consequently driving the functional flours market.
“Specialty flours is the fastest-growing type of the functional flours market”
Specialty flours mainly consist of gluten-free flours, enzyme/protein treated flours, pre-gelatinized flours, and partially transformed flours. These flours are used for the production of gluten-free products, wheat is the most common source of gluten, and bakery & pasta products are among the most common foods containing functional flours made out of wheat.
“Emerging economies: The future of the functional flours industry”
Emerging economies such as China, India, Brazil, Argentina, and Russia are expected to account considerably to the global growth for functional flours in the upcoming years. Growth in these countries is mainly driven by the favorable demographics, rise in household incomes, and busy lifestyles of consumers, inclining them toward ready meals, particularly processed foods.
Functional flour manufacturers and suppliers are pursuing growth strategies in emerging economies by diversifying their product offerings and strengthening their distribution base. These companies can increase their presence by serving their customers in untapped regions such as Asia, Latin America, the Middle East, and Africa. Growth in these developing regions over the next few years will result in opportunities for business expansion.
Break-up of Primaries:
‧ By Company Type: Tier 1 – 28 %, Tier 2 – 39%, and Tier 3 – 33%
‧ By Designation: Director level – 19%, C level –34%, and Others* – 47%
‧ By Region: North America – 25%, Europe – 21%, Asia-Pacific – 32%, and RoW** – 22%
*Others include sales managers, marketing managers, and product managers.
**RoW includes Latin America, Africa, and the Middle East.

The leading players in the functional flours market are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), Associated British Foods plc (U.K), and General Mills, Inc. (U.S.). Other players include The Scoular Company (U.S.), AGRANA Beteiligungs-AG (Austria), The Hain Celestial Group, Inc. (U.S.), SunOpta, Inc. (Canada), and Parrish and Heimbecker, Limited (Canada).
Research Coverage:
The functional flours market is segmented on the basis of type, application, source, and region. The type segment is divided into pre-cooked flours, specialty flours, and other flours such as enriched flours, instant flour mixes, and composite flours. The region segment is divided into North America, Europe, Asia-Pacific, and the Rest of the world (RoW). Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, market share analysis, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
‧ To get a comprehensive overview of the global functional flours market
‧ To gain a wide range of information about the top players in this industry, their products portfolios, and key strategies adopted by them
‧ To gain insights of the major regions/countries in which the flour industry is flourishing

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 PERIODIZATION CONSIDERED 16
1.4 CURRENCY CONSIDERED 16
1.5 UNITS CONSIDERED 16
1.6 STAKEHOLDERS 17
1.7 LIMITATIONS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 OPPORTUNITIES IN THE FUNCTIONAL FLOURS MARKET 30
4.2 KEY FUNCTIONAL FLOURS MARKETS 31
4.3 FUNCTIONAL FLOURS MARKET, BY TYPE 31
4.4 EUROPE: FUNCTIONAL FLOURS MARKET, BY APPLICATION & COUNTRY 32
4.5 FUNCTIONAL FLOURS MARKET, BY SOURCE & REGION 32
4.6 DEVELOPED VS. EMERGING FUNCTIONAL FLOURS MARKETS 33
4.7 LIFE CYCLE ANALYSIS: FUNCTIONAL FLOURS MARKET, BY REGION 33

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET SEGMENTATION 34
5.2.1 TYPE 34
5.2.2 APPLICATION 35
5.2.3 REGION 36
5.3 MARKET DYNAMICS 37
5.3.1 DRIVERS 38
5.3.1.1 Increasing consumption of convenience and healthy food products 38
5.3.1.2 Increase in demand for premium food products 38
5.3.1.3 Initiatives to promote functional flours 39
5.3.1.4 Intensification of the global trade of functional flours 39
5.3.2 RESTRAINTS 39
5.3.2.1 Stringent Government Regulations 39
5.3.2.1.1 Fortified flours 39
5.3.2.1.2 Gluten-free flours 40
5.3.2.2 Volatile commodity prices 40
5.3.3 OPPORTUNITIES 40
5.3.3.1 Growing demand for healthier low fat alternatives 40
5.3.3.2 Emerging Economies: Sole Frontiers of Growth 41
5.3.3.2.1 Emerging markets & changing consumer lifestyles 41
5.3.3.2.2 Growth opportunities in untapped markets 41
5.3.4 CHALLENGES 41
5.3.4.1 Lack of infrastructure and technological resources in developing countries 41
5.4 SUPPLY CHAIN 42
5.5 INDUSTRY INSIGHTS 43
6 FUNCTIONAL FLOURS MARKET, BY TYPE 44
6.1 INTRODUCTION 45
6.2 PRE-COOKED FLOURS 47
6.3 SPECIALTY FLOURS 48
6.3.1 GLUTEN-FREE FLOURS 48
6.3.2 PRE-GELATINIZED FLOURS 48
6.3.3 ENZYME-TREATED FLOURS 49
6.3.4 EXTRUDED & PARTIALLY TRANSFORMED FLOURS 49
6.4 OTHER FUNCTIONAL FLOURS 50

7 FUNCTIONAL FLOURS MARKET, BY APPLICATION 52
7.1 INTRODUCTION 53
7.2 BAKERY PRODUCTS 54
7.2.1 BREADS 55
7.2.2 CAKES & PASTRIES 55
7.2.3 DONUTS & ROLLS 55
7.2.4 COOKIES 55
7.2.5 OTHERS 56
7.3 SOUPS & SAUCES 57
7.4 RTE PRODUCTS 58
7.4.1 BREAKFAST CEREALS 58
7.4.2 SNACKS 58
7.4.3 PASTA PRODUCTS 58
7.4.4 OTHERS 59
7.5 OTHER APPLICATIONS 60
7.5.1 SEASONING BASES AND COATINGS & BREADINGS 60
7.5.2 SPREADS & INFANT FORMULA 60
7.5.3 SPECIAL DIET FOOD 61
7.5.4 BEVERAGES 61
8 FUNCTIONAL FLOURS MARKET, BY SOURCE 63
8.1 INTRODUCTION 64
8.2 CEREALS 65
8.3 LEGUMES 68
9 FUNCTIONAL FLOURS MARKET, BY REGION 71
9.1 INTRODUCTION 72
9.2 NORTH AMERICA 74
9.2.1 U.S. 75
9.2.2 CANADA 75
9.2.3 MEXICO 75
9.3 EUROPE 79
9.3.1 ITALY 82
9.3.2 U.K. 82
9.3.3 SPAIN 82
9.3.4 GERMANY 83
9.3.5 FRANCE 83
9.3.6 POLAND 83
9.3.7 REST OF EUROPE 84

9.4 ASIA-PACIFIC 88
9.4.1 CHINA 88
9.4.2 JAPAN 89
9.4.3 INDIA 89
9.4.4 AUSTRALIA 89
9.4.5 REST OF ASIA-PACIFIC 90
9.5 REST OF THE WORLD (ROW) 95
9.5.1 LATIN AMERICA 96
9.5.2 AFRICA 96
9.5.3 THE MIDDLE EAST 96
10 COMPETITIVE LANDSCAPE 100
10.1 OVERVIEW 100
10.2 MARKET SHARE ANALYSIS 101
10.3 COMPETITIVE SITUATION & TRENDS 102
10.3.1 ACQUISITIONS 104
10.3.2 EXPANSIONS & INVESTMENTS 105
10.3.3 JOINT VENTURES & AGREEMENTS 106
10.3.4 NEW PRODUCT LAUNCHES 106
11 COMPANY PROFILES 107
(Overview, Products and Services, Financials, Strategy & Development)*

11.1 INTRODUCTION 107
11.2 CARGILL, INCORPORATED 108
11.3 ARCHER DANIELS MIDLAND COMPANY 111
11.4 BUNGE LIMITED 114
11.5 ASSOCIATED BRITISH FOODS PLC 117
11.6 GENERAL MILLS, INC. 119
11.7 THE SCOULAR COMPANY 123
11.8 AGRANA BETEILIGUNGS-AG 124
11.9 THE HAIN CELESTIAL GROUP INC. 126
11.10 SUNOPTA, INC. 128
11.11 PARRISH AND HEIMBECKER, LIMITED 129
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies
12 APPENDIX 130
12.1 DISCUSSION GUIDE 130
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 135
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 137
12.4 AVAILABLE CUSTOMIZATIONS 137
12.5 RELATED REPORTS 138