Lucintel Forecasts Functional Flour Market to Reach $XX Billion by 2028

Market-Research

According to the recent study the functional flour market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by increase in need for premium food products, changing lifestyle of consumers, and rising government regulations so as to promote healthy food habits.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in functional flour market by source (rice, tapioca, sunflower, linseed, lentils, wheat, and others), type (pre-cooked flour, specialty flour, and fortified flour), product type (additive-based flour, conventional flour, and genetically modified flour), application (bakery products, soups and sauces, noodles and pasta, ready-to-eat products, others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Specialty flour market is expected to remain the largest segment during the forecast period.”

Based on type, the functional flour market is segmented into pre-cooked flour, specialty flour, and fortified flour. Lucintel forecasts that the specialty flour market is expected to remain the largest segment due to as it provides superior health benefits in combined with high nutrition value, and it is preferred from consumers who are suffering from wheat allergies, celiac disease and other diseases.

“Within the functional flour market, the additive-based flour segment is expected to remain the largest product type”

Based on product type the additive-based flour segment is expected to witness the highest growth over the forecast period due to the flour being produced by combining legumes that are loaded with nutrients and display water retention properties.

“North America will dominate the functional flour market in near future”

North America will remain the largest region due to the increasing presence of health-conscious consumers and growing demand of gluten-free products in the region.

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Major players of functional flour market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cargill Incorporated, Archer Daniels Midland Company, The Scoular Company, Associated British Foods, The Hain Celestial Group, General Mills, ConAgra Foods, ITC, The Caremoli, and Ingredion are among the major functional flour providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/functional-flour-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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