The Global Functional Flour market is expected to grow from $51.48 billion in 2016 to reach $91.23 billion by 2023 with a CAGR of 8.5%. Growing demand for healthier food products, increasing adoption in bakery products productions, and raising market for Gluten-Free Flour are some of the factors propelling the market growth. However, strict regulations on food quality, intensified competition from substitutes are hindering the market growth.
Ready-to-Eat Product application segment sector leads the market globally with the biggest market share and is expected to register substantial growth rate during the forecast period. The growth of this segment is attributed to changing life style habits and rapid urbanization in emerging countries. North America is expected to command the global market with largest market revenue due to increasing health awareness, growing demand for bakery products. Asia Pacific is projected to witness high growth rate during the forecast period.
Some of the key players in global functional flour market include Agrana Beteiligungs-AG, Archer Daniels Midland Company, Associated British Foods PLC, Bunge Limited, Cargill, Incorporated, General Mills, Inc., Ingredion, Limagrain, Maticnjak, Parrish and Heimbecker, Limited, Sunopta, Inc., The Hain Celestial Group Inc., and The Scoular Company.
Regions Covered: North America US Canada Mexico Europe Germany UK Italy France Spain Rest of Europe Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific South America Argentina Brazil Chile Rest of South America Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
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