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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

November 2016 | 143 pages | ID: FD79049C1F4EN
MarketsandMarkets

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“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
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 PERIODIZATION CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 LIMITATIONS

2 RESEARCH METHODOLOGY

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
    2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 OPPORTUNITIES IN THE FUNCTIONAL FLOURS MARKET
4.2 KEY FUNCTIONAL FLOURS MARKETS
4.3 FUNCTIONAL FLOURS MARKET, BY TYPE
4.4 EUROPE: FUNCTIONAL FLOURS MARKET, BY APPLICATION & COUNTRY
4.5 FUNCTIONAL FLOURS MARKET, BY SOURCE & REGION
4.6 DEVELOPED VS. EMERGING FUNCTIONAL FLOURS MARKETS
4.7 LIFE CYCLE ANALYSIS: FUNCTIONAL FLOURS MARKET, BY REGION

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
  5.2.1 TYPE
  5.2.2 APPLICATION
  5.2.3 REGION
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Increasing consumption of convenience and healthy food products
    5.3.1.2 Increase in demand for premium food products
    5.3.1.3 Initiatives to promote functional flours
    5.3.1.4 Intensification of the global trade of functional flours
  5.3.2 RESTRAINTS
    5.3.2.1 Stringent Government Regulations
      5.3.2.1.1 Fortified flours
      5.3.2.1.2 Gluten-free flours
    5.3.2.2 Volatile commodity prices
  5.3.3 OPPORTUNITIES
    5.3.3.1 Growing demand for healthier low fat alternatives
    5.3.3.2 Emerging Economies: Sole Frontiers of Growth
      5.3.3.2.1 Emerging markets & changing consumer lifestyles
      5.3.3.2.2 Growth opportunities in untapped markets
  5.3.4 CHALLENGES
    5.3.4.1 Lack of infrastructure and technological resources in developing countries
5.4 SUPPLY CHAIN
5.5 INDUSTRY INSIGHTS

6 FUNCTIONAL FLOURS MARKET, BY TYPE

6.1 INTRODUCTION
6.2 PRE-COOKED FLOURS
6.3 SPECIALTY FLOURS
  6.3.1 GLUTEN-FREE FLOURS
  6.3.2 PRE-GELATINIZED FLOURS
  6.3.3 ENZYME-TREATED FLOURS
  6.3.4 EXTRUDED & PARTIALLY TRANSFORMED FLOURS
6.4 OTHER FUNCTIONAL FLOURS

7 FUNCTIONAL FLOURS MARKET, BY APPLICATION

7.1 INTRODUCTION
7.2 BAKERY PRODUCTS
  7.2.1 BREADS
  7.2.2 CAKES & PASTRIES
  7.2.3 DONUTS & ROLLS
  7.2.4 COOKIES
  7.2.5 OTHERS
7.3 SOUPS & SAUCES
7.4 RTE PRODUCTS
  7.4.1 BREAKFAST CEREALS
  7.4.2 SNACKS
  7.4.3 PASTA PRODUCTS
  7.4.4 OTHERS
7.5 OTHER APPLICATIONS
  7.5.1 SEASONING BASES AND COATINGS & BREADINGS
  7.5.2 SPREADS & INFANT FORMULA
  7.5.3 SPECIAL DIET FOOD
  7.5.4 BEVERAGES

8 FUNCTIONAL FLOURS MARKET, BY SOURCE

8.1 INTRODUCTION
8.2 CEREALS
8.3 LEGUMES

9 FUNCTIONAL FLOURS MARKET, BY REGION

9.1 INTRODUCTION
9.2 NORTH AMERICA
  9.2.1 U.S.
  9.2.2 CANADA
  9.2.3 MEXICO
9.3 EUROPE
  9.3.1 ITALY
  9.3.2 U.K.
  9.3.3 SPAIN
  9.3.4 GERMANY
  9.3.5 FRANCE
  9.3.6 POLAND
  9.3.7 REST OF EUROPE
9.4 ASIA-PACIFIC
  9.4.1 CHINA
  9.4.2 JAPAN
  9.4.3 INDIA
  9.4.4 AUSTRALIA
  9.4.5 REST OF ASIA-PACIFIC
9.5 REST OF THE WORLD (ROW)
  9.5.1 LATIN AMERICA
  9.5.2 AFRICA
  9.5.3 THE MIDDLE EAST

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS
10.3 COMPETITIVE SITUATION & TRENDS
  10.3.1 ACQUISITIONS
  10.3.2 EXPANSIONS & INVESTMENTS
  10.3.3 JOINT VENTURES & AGREEMENTS
  10.3.4 NEW PRODUCT LAUNCHES

11 COMPANY PROFILES

11.1 INTRODUCTION

(Business overview, Products offered, Recent Developments, MNM view)*

11.2 CARGILL, INCORPORATED
11.3 ARCHER DANIELS MIDLAND COMPANY
11.4 BUNGE LIMITED
11.5 ASSOCIATED BRITISH FOODS PLC
11.6 GENERAL MILLS, INC.
11.7 THE SCOULAR COMPANY
11.8 AGRANA BETEILIGUNGS-AG
11.9 THE HAIN CELESTIAL GROUP INC.
11.10 SUNOPTA, INC.
11.11 PARRISH AND HEIMBECKER, LIMITED

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 APPENDIX

12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS

LIST OF TABLES

Table 1 GLOBAL FUNCTIONAL FLOURS MARKET SNAPSHOT
Table 2 FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (USD BILLION)
Table 3 FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (MT)
Table 4 PRE-COOKED FLOURS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 5 PRE-COOKED FLOURS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 6 SPECIALTY FLOURS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 7 SPECIALTY FLOURS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 8 OTHER FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 9 OTHER FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 10 FUNCTIONAL FLOURS MARKET SIZE, BY APPLICATION, 2014–2022 (USD BILLION)
Table 11 FUNCTIONAL FLOURS MARKET SIZE, BY APPLICATION, 2014–2022 (MT)
Table 12 FUNCTIONAL FLOURS IN BAKERY PRODUCTS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 13 FUNCTIONAL FLOURS IN BAKERY PRODUCTS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 14 FUNCTIONAL FLOURS IN SOUPS & SAUCES MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 15 FUNCTIONAL FLOURS IN SOUPS & SAUCES MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 16 FUNCTIONAL FLOURS IN RTE PRODUCTS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 17 FUNCTIONAL FLOURS IN RTE PRODUCTS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 18 FUNCTIONAL FLOURS IN OTHER APPLICATIONS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 19 FUNCTIONAL FLOURS IN OTHER APPLICATIONS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 20 FUNCTIONAL FLOURS MARKET SIZE, BY SOURCE, 2014–2022 (USD BILLION)
Table 21 FUNCTIONAL FLOURS MARKET SIZE, BY SOURCE, 2014–2022 (MT)
Table 22 CEREAL-BASED FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (USD BILLION)
Table 23 CEREAL-BASED FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (MT)
Table 24 CEREAL-BASED FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 25 CEREAL-BASED FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 26 LEGUME-BASED FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (USD BILLION)
Table 27 LEGUME-BASED FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (MT)
Table 28 LEGUME-BASED FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (USD BILLION)
Table 29 LEGUME-BASED FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 30 FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014-2022 (USD BILLION)
Table 31 FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 32 NORTH AMERICA: FUNCTIONAL FLOURS MARKET SIZE, BY COUNTRY, 2014-2022 (USD BILLION)
Table 33 NORTH AMERICA: FUNCTIONAL FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 34 NORTH AMERICA: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (USD BILLION)
Table 35 NORTH AMERICA: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (MT)
Table 36 NORTH AMERICA: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 37 NORTH AMERICA: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 38 NORTH AMERICA: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 39 NORTH AMERICA: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 40 NORTH AMERICA: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 41 NORTH AMERICA: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 42 EUROPE: FUNCTIONAL FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 43 EUROPE: FUNCTIONAL FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 44 EUROPE: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (USD BILLION)
Table 45 EUROPE: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (MT)
Table 46 EUROPE: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 47 EUROPE: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 48 EUROPE: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 49 EUROPE: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 50 EUROPE: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 51 EUROPE: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 52 ASIA-PACIFIC: FUNCTIONAL FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 53 ASIA-PACIFIC: FUNCTIONAL FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 54 ASIA-PACIFIC: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (USD BILLION)
Table 55 ASIA-PACIFIC: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (MT)
Table 56 ASIA-PACIFIC: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 57 ASIA-PACIFIC: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 58 ASIA-PACIFIC: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 59 ASIA-PACIFIC: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 60 ASIA-PACIFIC: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 61 ASIA-PACIFIC: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 62 ROW: FUNCTIONAL FLOURS MARKET SIZE, BY REGION, 2014–2022 (MT)
Table 63 ROW: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (USD BILLION)
Table 64 ROW: FUNCTIONAL FLOURS MARKET SIZE, BY TYPE, 2014–2022 (MT)
Table 65 ROW: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 66 ROW: PRE-COOKED FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 67 ROW: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 68 ROW: SPECIALTY FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 69 ROW: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (USD BILLION)
Table 70 ROW: OTHER FLOURS MARKET SIZE, BY COUNTRY, 2014–2022 (MT)
Table 71 ACQUISITIONS, 2012–2016
Table 72 EXPANSIONS & INVESTMENTS, 2012–2016
Table 73 JOINT VENTURES & AGREEMENTS, 2012–2016
Table 74 NEW PRODUCT LAUNCHES, 2012–2016

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 global market with analyses and projections of the market size in terms of value and volume.

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

Leading companies in the functional flours market 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.), Parrish and Heimbecker Limited (Canada)

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% 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.

Functional flours market report 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.



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