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Key players of Functional Flours Market for Product Development
The functional flours market is highly fragmented, with key market players making investments and strategic alliances through agreements and acquisitions with other players to strengthen their business. The market is considerably competitive, with the leading players being involved in innovating new types of functional flours to be used in a variety of applications. This is done by actively investing in research & development activities and attracting new customers with their products. The market caters to different food markets, especially bakery, R.T.E., soup & sauces, and other products such as coatings, condiments, seasonings bases, spreads, baby food, dairy substitutes, special diet food, beverages, prepared mixes, and processed meat products such as sausages, bologna, frankfurters, and meat loaves.
The functional flours market is highly fragmented, with key market players adopting investments and strategic alliances—through agreements and acquisitions—with other players to strengthen their business. The market is considerably competitive, owing to the leading players that innovate new types of functional flours used in a variety of applications. This is done by actively investing in research & development activities and attracting new customers with their products. The market caters to different food markets, especially bakery, R.T.E., soup & sauces, and other applications.
Archer Daniels Midland Company (U.S.)
Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally-derived alternatives to industrial chemicals. The company functions through four segments, namely, oilseeds processing, corn processing, wild flavors and specialty ingredients, and agricultural services. It is a leading manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. It has an extensive global grain elevator and transportation network to procure, store, clean, and transport agricultural commodities such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. The company is one of the largest milling companies in the world, and processes 20 acres of wheat per minute at locations throughout the U.S., Canada, Mexico, the Caribbean, Central America, and the U.K. ADM operates through its processing and manufacturing facilities across the U.S. and worldwide. It offers flours and other grain-based ingredients through its agricultural services division.
ADM continues to offer innovative products by investing in research and development activities. The company adopted numerous expansion and acquisition strategies; for instance, it acquired certain assets of Caterina Foods (U.S.), a leading manufacturer of specialty gluten-free and high-protein pastas, in September 2016, to expand its production facilities to produce specialty pastas from legumes and grains. ADM set up its distribution and merchandising offices in Central America, in August 2015, to enhance its distribution network for grain, meal, and oil products, this helped ADM to strengthen its pioneering position in the functional flours market.Bunge Limited (U.S.)
Bunge Limited provides integrated operations in the agribusiness and food segments, globally. The company is a global oilseed processor and producer of vegetable oils and protein meals. It is also a leading producer and seller of wheat flours and bakery mixes, milled corn products, and milled rice products in North and South America. It manufactures sugar and ethanol in Brazil and is a global merchandiser of sugar. It offers a wide range of food ingredients to the food & beverage industry, serving customers across the world. It manufactures feed products that use oilseeds, grains, and sugarcane.
The company operates through five major business segments, namely, agribusiness, edible oil products, milling products, sugar & bioenergy, and fertilizers. It manufactures flour products through its milling products business segment. The operations and assets of this segment are located in North and South America. Bunge has subsidiaries in almost 40 countries of the Asia-Pacific, Africa & the Middle East, Europe, North America, and South America.
It focuses on strengthening its market position by investing to purchase local players and establishing partnerships with key players to expand its food business, globally. It continuously upgrades its product portfolio by launching new products. The company focuses on geographical expansions in both emerging and developed economies by acquiring the leading players of the industry. In July 2016, Bunge entered into a joint venture with Wilmar International Limited (Singapore), in Vietnam to increase its marketing, operating, and logistics synergies across Vietnam, and to strengthen its position in functional flours market.
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
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