The report “Functional Flours Market by Type (Pre-cooked Flour, Specialty Flour, Fortified Flour), Application (Bakery, Soups & Sauces, R.T.E Products), Source (Cereals, Legumes) & Region (North America, Europe, Asia-Pacific, RoW) – Global Trends & Forecast to 2019”, defines and segments the functional flours market with analyses and projections of the market size in terms of value and volume. It also identifies the driving and restraining factors of the market with analyses of the trends, opportunities, restraints, and challenges. The size of the market in key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) has been estimated and projected.
Browse 70 market data tables and 69 figures spread through 195 pages and in-depth TOC on Functional Flours Market by Type (Pre-cooked Flour, Specialty Flour, Fortified Flour), Application (Bakery, Soups & Sauces, R.T.E Products), Source (Cereals, Legumes) & Region (North America, Europe, Asia-Pacific, RoW) - Global Trends & Forecast to 2019
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The functional flours market is growing in accordance with the advancement of the processed food industry. 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 increasing trade of these commodities have complemented the overall growth of this industry.
The functional flours market is driven by the rise in consumption of processed and packaged food products in developed and developing countries. Investments & expansions formed the most preferred strategy, among the key players, to tap new markets globally. These players also focused on acquiring local players of the emerging markets to expand their business on a global scale and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio.
The market for functional flours is projected to grow at a CAGR of 8.2% to exceed $800 Billion by 2019.
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The market for functional flours is projected to grow at a CAGR of 8.2% from 2014 to 2019. In 2013, the North American region was the largest market for functional flours; owing to high consumption of processed food products prepared using a variety of functional flours.
The report includes development strategies and product portfolios of leading companies such as Archer Daniels Midland Company (U.S.), Associated British Foods plc (U.K.), Bunge Limited (U.S.), Cargill, Incorporated (U.S.), General Mills, Inc. (U.S.), and SunOpta, Inc. (Canada). Other players include AGRANA Beteiligungs-AG (Austria), The Hain Celestial Group, Inc. (U.S.), The Scoular Company (U.S.), and Parrish and Heimbecker, Limited (Canada).
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