HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: FB 3385

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The functional flours market is directly influenced by the growing processed food industry. The rise in consumption of bakery and R.T.E products in developing economies is driving the market. Busy work schedules demand on-the-go consumption and convenient meals. In addition to this, health and wellness consciousness among consumers, and rise in income levels have boosted sales of functional flours as base ingredients and thickening agents. Food safety legislations and health hazards of gluten (for gluten-sensitive individuals) have helped in educating consumers about the benefits offered by functional flours in food products. In light of the benefits offered by different functional flours, and the increasing demand for bakery and R.T.E. products, governments of various countries are promoting the functional flours industry, assisting the manufacturers and suppliers of this industry.

This report provides a comprehensive analysis of the functional flours market, which is projected to witness a steady growth due to the diversified products available in the market. Types and sales channels of these flours have been analyzed based on the trends of the regional markets.

The report analyzes the market size, in terms of value and volume, of functional flour products, based on their types, applications, sources, and geography. The report provides a detailed analysis of the functional flours market, which is segmented into pre-cooked, specialty, and fortified flours. The regions covered in this report are North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market is further segmented on the basis of the key countries in these regions.

The North American region accounted for the largest share in this market in 2013, owing to the flourishing processed food market of the region. This market in the Asia-Pacific region is emerging with substantial opportunities for the bakery and R.T.E. markets.

Functional Flours Market Share (Value), by Region, 2013

Functional Flours Market

Source: Industry Journals, Related Publications, Company Publications, and MarketsandMarkets Analysis

The report provides a qualitative analysis of the leading players in the market. It also enumerates the development strategies preferred by these players. The market dynamics in terms of market drivers, restraints, opportunities, and challenges are discussed in detail in the report. Key players profiled in the report include 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).

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Marketscope
           1.3.1 Markets Covered
           1.3.2 Periodization Considered for the Study
    1.4 Currency Considered for the Functional Flour Market
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                               2.1.2.2.1 Breakdown of Primaries- By Company Type, Designation & Region
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Overview of the Parent Industry
                    2.2.2.1 Key Segments in the Food Sector
           2.2.3 Demand-Side Analysis
                    2.2.3.1 Rising Population
                               2.2.3.1.1 Increase in Middle-Class Population, 2009–2030
                    2.2.3.2 Developing Economies, GDP (Purchasing Power Parity), 2013
           2.2.4 Supply-Side Analysis
                    2.2.4.1 Research & Development
                    2.2.4.2 Food Processing Equipment and Technologies
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Market Share Estimation
    2.6 Research Assumptions & Limitations
           2.6.1 Assumptions
           2.6.2 Limitations of the Research Study

3 Executive Summary (Page No. - 34)
    3.1 Overview
    3.2 Evolution
    3.3 Functional Flours

4 Premium Insights (Page No. - 39)
    4.1 Attractive Opportunities in the Functional Flours Market
    4.2 Functional Flours Market, By Application
    4.3 Functional Flours Market in Asia-Pacific Region
    4.4 U.S. Dominated the Overall Functional Flours Market in 2013
    4.5 Functional Flours Market: Developed vs. Emerging Markets
    4.6 Specialty Flours Segment Accounted for Largest Share in this Market in 2013
    4.7 Functional Flours Market Life Cycle Analysis, By Region

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Functional Flours Market, By Type
                    5.3.1.1 Pre-Cooked Flours
                    5.3.1.2 Specialty Flours
                    5.3.1.3 Fortified Flours
           5.3.2 Functional Flours Market, By Application
                    5.3.2.1 Bakery Products
                    5.3.2.2 Soups & Sauces
                    5.3.2.3 R.T.E Products
                    5.3.2.4 Others
           5.3.3 Functional Flours Market, By Source
                    5.3.3.1 Cereals
                    5.3.3.2 Legumes
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rising Consumption of Premium Food Products
                    5.4.1.2 Collaborative Initiatives Promoting Functional Flours
                    5.4.1.3 Drive for Healthier and Convenience Food: A Key Consumer Trend
                    5.4.1.4 Intensification of the Global Trade of Functional Flours
           5.4.2 Restraints
                    5.4.2.1 Stringent Government Regulations
                               5.4.2.1.1 Fortified Flours
                               5.4.2.1.2 Gluten-Free Flours
                    5.4.2.2 Increasingly Volatile Commodity Prices
           5.4.3 Opportunities
                    5.4.3.1 Inclination of Consumers Towards Healthier Alternatives
                    5.4.3.2 Countries With Emerging Economies: Sole Frontiers of Growth
                               5.4.3.2.1 Emerging Markets & Changing Consumer Lifestyles
                               5.4.3.2.2 Growth Opportunities in the Untapped Markets
           5.4.4 Challenge
                    5.4.4.1 Infrastructural Challenges in Developing Countries

6 Industry Trends (Page No. - 58)
    6.1 Introduction
    6.2 Supply Chain
    6.3 Industry Insights
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat From New Entrants
           6.4.2 Threat From Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry
    6.5 Strategic Benchmarking
           6.5.1 Strategic Acquisitions, Agreements, Partnerships, Investments & Expansions

7 Functional Flours Market, By Type (Page No. - 67)
    7.1 Introduction
    7.2 Pre-Cooked Flour
    7.3 Specialty Flour
           7.3.1 Gluten-Free Flour
           7.3.2 Pre-Gelatinized Flour
           7.3.3 Enzyme-Treated Flour
           7.3.4 Extruded & Partially Transformed Flour
    7.4 Fortified Flour

8 Functional Flours Market, By Application (Page No. - 75)
    8.1 Introduction
    8.2 Bakery Products
           8.2.1 Bread
           8.2.2 Cake & Pastry
           8.2.3 Donuts & Rolls
           8.2.4 Cookies
           8.2.5 Others
    8.3 Soups & Sauces
    8.4 R.T.E. Products
           8.4.1 Breakfast Cereals
           8.4.2 Snacks
           8.4.3 Pasta Products
           8.4.4 Others
    8.5 Other Applications
           8.5.1 Seasoning Bases and Coatings & Breadings
           8.5.2 Spreads & Baby Foods
           8.5.3 Special Diet Food
           8.5.4 Beverages

9 Functional Flours Market, By Source (Page No. - 88)
    9.1 Introduction
    9.2 Cereals
           9.2.1 Wheat
           9.2.2 Corn
           9.2.3 Rice
           9.2.4 Others
    9.3 Legumes

10 Functional Flours Market, By Region (Page No. - 94)
     10.1 Pest Analysis
             10.1.1 Political/Legal Factors
                         10.1.1.1 Government Regulations
             10.1.2 Economic Factors
                         10.1.2.1 Fluctuating Raw Material Prices
                         10.1.2.2 Rising Middle-Class Population With High Disposable Income
             10.1.3 Social Factor
                         10.1.3.1 Human Health Concerns
             10.1.4 Technological Factor
                         10.1.4.1 R&D Initiatives
     10.2 Introduction
     10.3 North America
             10.3.1 U.S.
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Europe
             10.4.1 Italy
             10.4.2 U.K.
             10.4.3 Spain
             10.4.4 Germany
             10.4.5 France
             10.4.6 Poland
             10.4.7 Rest of Europe
     10.5 Asia-Pacific
             10.5.1 China
             10.5.2 Japan
             10.5.3 India
             10.5.4 Australia
             10.5.5 Rest of Asia-Pacific
     10.6 Rest of the World (RoW)
             10.6.1 Latin America
             10.6.2 Africa
             10.6.3 The Middle East

11 Competitive Landscape (Page No. - 132)
     11.1 Overview
     11.2 Competitive Situations & Trends
             11.2.1 Investments & Expansions
             11.2.2 Acquisitions
             11.2.3 New Product Development
             11.2.4 Joint Ventures

12 Company Profiles (Page No. - 139)
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Archer Daniels Midland Company
     12.3 Associated British Foods Plc
     12.4 Bunge Limited
     12.5 Cargill, Incorporated
     12.6 General Mills, Inc.
     12.7 Agrana Beteiligungs-AG
     12.8 The Hain Celestial Group Inc.
     12.9 The Scoular Company
     12.10 Sunopta, Inc.
     12.11 Parrish and Heimbecker, Limited
*Details on Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not be Captured in Case of 
Unlisted Companies.

13 Appendix (Page No. - 165)
     13.1 Discussion Guide
     13.2 Introducing RT: Real-Time Market Intelligence
     13.3 Available Customizations
     13.4 Related Reports


List of Tables (70 Tables)

Table 1 Functional Flours Market Size, By Type, 2012–2019 ($Billion)
Table 2 Functional Flours Market Size, By Type, 2012–2019 (MT)
Table 3 Pre-Cooked Flour Market Size, By Region, 2012–2019 ($Billion)
Table 4 Pre-Cooked Flour Market Size, By Region, 2012–2019 (MT)
Table 5 Specialty Flour Market Size, By Region, 2012–2019 ($Billion)
Table 6 Specialty Flour Market Size, By Region, 2012–2019 (MT)
Table 7 Fortified Flour Market Size, By Region, 2012–2019 ($Billion)
Table 8 Fortified Flour Market Size, By Region, 2012–2019 (MT)
Table 9 Functional Flours Market Size, By Application, 2012–2019 ($Billion)
Table 10 Functional Flours Market Size, By Application, 2012–2019 (MT)
Table 11 Functional Flour in Bakery Products Market Size, By Region, 2012–2019 ($Billion)
Table 12 Functional Flour in Bakery Products Market Size, By Region, 2012–2019 (MT)
Table 13 Functional Flour in Soups & Sauces Market Size, By Region, 2012–2019 ($Billion)
Table 14 Functional Flours in Soups & Sauces Market Size, By Region, 2012–2019 (MT)
Table 15 Functional Flours in R.T.E. Products Market Size, By Region, 2012–2019 ($Billion)
Table 16 Functional Flours in R.T.E Products Market Size, By Region, 2012–2019 (MT)
Table 17 Functional Flours in Other Applications Market Size, By Region, 2012–2019 ($Billion)
Table 18 Functional Flours in Other Applications Market Size, By Region, 2012–2019 (MT)
Table 19 Functional Flours Market Size, By Source, 2012–2019 ($Billion)
Table 20 Functional Flours Market Size, By Source, 2012–2019 (MT)
Table 21 Cereal Functional Flours Market Size, By Region, 2012–2019 ($Billion)
Table 22 Cereal Functional Flours Market Size, By Region, 2012–2019 (MT)
Table 23 Legume Functional Flour Market Size, By Region, 2012–2019 ($Billion)
Table 24 Legume Functional Flour Market Size, By Region, 2012–2019 (MT)
Table 25 Functional Flours Market Size, By Region, 2012-2019 ($Billion)
Table 26 Functional Flours Market Size, By Region, 2012–2019 (MT)
Table 27 North America: Functional Flours Market Size, By Country, 2012-2019 ($Billion)
Table 28 North America: Market Size, By Country, 2012–2019 (MT)
Table 29 North America: Market Size, By Type, 2012–2019 ($Billion)
Table 30 North America: Market Size, By Type, 2012–2019 (MT)
Table 31 North America: Pre-Cooked Market Size, By Country, 2012–2019 ($Billion)
Table 32 North America: Pre-Cooked Market Size, By Country, 2012–2019 (MT)
Table 33 North America: Specialty Market Size, By Country, 2012–2019 ($Billion)
Table 34 North America: Specialty Market Size, By Country, 2012–2019 (MT)
Table 35 North America: Fortified Flour Market Size, By Country, 2012–2019 ($Billion)
Table 36 North America: Fortified Flour Market Size, By Country, 2012–2019 (MT)
Table 37 Europe: Functional Flours Market Size, By Country, 2012–2019 ($Billion)
Table 38 Europe: Market Size, By Country, 2012–2019 (MT)
Table 39 Europe: Market Size, By Type, 2012–2019 ($Billion)
Table 40 Europe: Market Size, By Type, 2012–2019 (MT)
Table 41 Europe: Pre-Cooked Flour Market Size, By Country, 2012–2019 ($Billion)
Table 42 Europe: Pre-Cooked Flour Market Size, By Country, 2012–2019 (MT)
Table 43 Europe: Specialty Flour Market Size, By Country, 2012–2019 ($Billion)
Table 44 Europe: Specialty Flour Market Size, By Country, 2012–2019 (MT)
Table 45 Europe: Fortified Flour Market Size, By Country, 2012–2019 ($Billion)
Table 46 Europe: Fortified Flour Market Size, By Country, 2012–2019 (MT)
Table 47 Asia-Pacific: Functional Flours Market Size, By Country, 2012–2019 ($Billion)
Table 48 Asia-Pacific: Market Size, By Country, 2012–2019 (MT)
Table 49 Asia-Pacific: Market Size, By Type, 2012–2019 ($Billion)
Table 50 Asia-Pacific: Market Size, By Type, 2012–2019 (MT)
Table 51 Asia-Pacific: Pre-Cooked Flour Market Size, By Country, 2012–2019 ($Billion)
Table 52 Asia-Pacific: Pre-Cooked Flour Market Size, By Country, 2012–2019 (MT)
Table 53 Asia-Pacific: Specialty Flour Market Size, By Country, 2012–2019 ($Billion)
Table 54 Asia-Pacific: Specialty Flour Market Size, By Country, 2012–2019 (MT)
Table 55 Asia-Pacific: Fortified Flour Market Size, By Country, 2012–2019 ($Billion)
Table 56 Asia-Pacific: Fortified Flour Market Size, By Country, 2012–2019 (MT)
Table 57 RoW: Functional Flours Market Size, By Region, 2012-2019 ($Billion)
Table 58 RoW: Market Size, By Region, 2012–2019 (MT)
Table 59 RoW: Market Size, By Type, 2012–2019 ($Billion)
Table 60 RoW: Market Size, By Type, 2012–2019 (MT)
Table 61 RoW: Pre-Cooked Flour Market Size, By Region, 2012–2019 ($Billion)
Table 62 RoW: Pre-Cooked Flour Market Size, By Region, 2012–2019 (MT)
Table 63 RoW: Specialty Flour Market Size, By Region, 2012–2019 ($Billion)
Table 64 RoW: Specialty Flour Market Size, By Region, 2012–2019 (MT)
Table 65 RoW: Fortified Flour Market Size, By Region, 2012–2019 ($Billion)
Table 66 RoW: Fortified Flour Market Size, By Region, 2012–2019 (MT)
Table 67 Investments & Expansions, 2012–2014
Table 68 Acquisitions, 2012–2014
Table 69 New Product Development, 2012–2014
Table 70 Joint Ventures, 2012–2014


List of Figures (68 Figures)
 
Figure 1 Functional Flours Market, By Type
Figure 2 Functional Flours Market, By Application
Figure 3 Functional Flours Market, By Source
Figure 4 Functional Flours Market: Research Design
Figure 5 Bakery Segment Accounted for ~31% Market Share in the Food Sector in 2013
Figure 6 Impact of Key Factors Influencing the Parent Industry
Figure 7 Global Population is Projected to Reach ~9.5 Billion By 2050
Figure 8 Middle Class Population in Asia-Pacific to Grow at the Highest Rate By 2030
Figure 9 Market Size Estimation Methodology: Bottom-Up Approach
Figure 10 Market Size Estimation Methodology: Top-Down Approach
Figure 11 Data Triangulation Methodology
Figure 12 Limitations of the Research Study
Figure 13 Evolution of Functional Flours
Figure 14 Functional Flours Market Snapshot (2014 vs. 2019): Asia-Pacific Market is Projected to Grow at the Highest CAGR
Figure 15 Functional Flours Market for R.T.E Products Will Cover the Major Share By 2019
Figure 16 India to be the Fastest-Growing Market for Functional Flours From 2014 to 2019
Figure 17 Key Market Players Adopted Investments & Expansions as the Key Strategy During 2010-2014
Figure 18 Emerging Economies Offer Attractive Opportunities in this Market
Figure 19 R.T.E Products Segment to Grow at Fastest Rate From 2014 to 2019
Figure 20 Specialty Flour Segment Captured the Largest Share in the Emerging Asia-Pacific Market in 2013
Figure 21 India is Projected to be the Fastest-Growing Country-Level Market for Functional Flours From 2014 to 2019
Figure 22 Emerging Markets to Grow Faster Than Developed Markets
Figure 23 Specialty Flours Segment Was the Largest Market in 2013, Globally
Figure 24 Functional Flours Market in Asia-Pacific is Experiencing High Growth
Figure 25 Evolution of Flour Fortification in the U.S.
Figure 26 Functional Flours Market Segmentation
Figure 27 Rising Consumption of Premium Food Products is the Key Driver of the Functional Flours Market
Figure 28 Increasing Disposable Incomes of Consumers and Rising Demand for Packaged Food Products Drives the Market for Functional Flours
Figure 29 Stringent Food Safety & Labeling Regulations Restrain the Functional Flours Market
Figure 30 Demand for Healthy Food is a Key Opportunity for this Market
Figure 31 Infrastructural Drawbacks in Developing Countries is the Key Challenging Factor
Figure 32 Raw Material Suppliers Are Vital Components of the Supply Chain
Figure 33 Investments to Acquire Small Players is the Most Prevailing Strategic Trend in the Functional Flours Industry
Figure 34 Porter’s Five Forces Analysis
Figure 35 Strategic Expansion of Key Companies
Figure 36 Functional Flours Market, By Type, 2014 vs. 2019
Figure 37 North America Led the Global Market for Functional Flours in 2013
Figure 38 Functional Flours Market Size, By Application, 2014 vs. 2019
Figure 39 Market Size of Functional Flours in Bakery Products, 2014 vs. 2019
Figure 40 North America is Projected to Dominate the Market for Functional Flours in Soups & Sauces Segment By 2019
Figure 41 Asia-Pacific to be the Fastest-Growing Market for Functional Flours in R.T.E. Products, 2014-2019
Figure 42 Functional Flours Market, By Source ($Billion), 2014 vs. 2019
Figure 43 Geographic Snapshot (2014-2019):The Markets in Asia-Pacific Are Emerging as New Hot Spots
Figure 44 China: An Attractive Destination for All Sectors of Functional Flours
Figure 45 North American Functional Flours Market Snapshot: The U.S. is Projected to be the Global Leader Between 2014 & 2019
Figure 46 Rising Demand for Healthy Food & Beverage Products is Supporting the Growth of Functional Flours Market in The U.S.
Figure 47 The U.S. to Become the Largest Market for Functional Flours By 2019, By Value
Figure 48 Italy Was the Largest Market for Functional Flours in Europe in 2013, By Value
Figure 49 Asia-Pacific Functional Flours Market Snapshot: China is the Most Lucrative Market
Figure 50 Increasing Consumption of Premium Food Products is Driving the Market for Functional Flours in RoW
Figure 51 Key Companies Preferred Investments & Expansions Strategy Over the Last Five Years
Figure 52 Investments & Expansions Fueled Growth & Innovation
Figure 53 Investments & Expansions: The Key Strategy, 2011–2014
Figure 54 Annual Developments in the Functional Flours Market, 2011–2014
Figure 55 Geographical Revenue Mix of Top Five Players
Figure 56 ADM: Company Snapshot
Figure 57 ADM: SWOT Analysis
Figure 58 ABF: Company Snapshot
Figure 59 ABF: SWOT Analysis
Figure 60 Bunge: Company Snapshot
Figure 61 Bunge: SWOT Analysis
Figure 62 Cargill: Company Snapshot
Figure 63 Cargill: SWOT Analysis
Figure 64 General Mills: Company Snapshot
Figure 65 General Mills: SWOT Analysis
Figure 66 Agrana: Company Snapshot
Figure 67 Hain Celestial: Company Snapshot
Figure 68 Sunopta: Company Snapshot

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 global market. Rise in consumer spending on processed food products is also estimated to be the key driving factor for this market. Government initiatives to promote the functional flours industry and increasing 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.

The global market is projected to grow at a CAGR of 8.2% to exceed $800 Billion by 2019.

The global market is segmented on the basis of key types, applications, sources, and regions. The functional flours industry is restrained by strict food labeling legislations and seasonal variations in the supply of raw materials. The demand for specialty flours such as gluten-free flours and fortified flours is rising as a result of increasing consumer awareness about health issues.

Functional Flours Market Size Trend, 2012 - 2019 ($Billion)

Functional Flours Market

E – Estimated; P - Projected
Source: Industry Journals, Related Publications, Company Publications, and MarketsandMarkets Analysis

The functional flours market is fragmented, with the leading companies driving the growth. The report provides qualitative analyses of the prominent market players and their preferred development strategies. Key players 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) have been profiled in the report. The leading players have adopted investments & expansions as their key development strategy to explore new and untapped markets, acquiring local players of the industry and constructing a new customer base for long-term client relationships. This has not only enabled them to expand their geographical reach, but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios. Small-scale players also adopted this strategy to expand their businesses, globally, by investing in the establishment of manufacturing facilities and technical service centers in various regions. This organic growth strategy is an important proposition for the smaller companies, enabling them to improve their technical expertise through intensive R&D infrastructure offered by bigger players.

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