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Functional Flours Market Size
- Report ID: GMI5631
- Published Date: May 2023
- Report Format: PDF
Functional Flours Market Size
Functional Flours Market size was valued at USD 87 billion in 2023 and is projected to grow at more than 8.2% CAGR from 2024 to 2032, led by the increasing demand for premium food products. Premiumization of food products helps make certain items more appealing to the consumers by offering superior quality and exclusivity.
Globally leading food brands are leveraging premiumization as a means to innovate and introduce unique food products. Companies such as Kraft Heinz, Starbucks, and Unilever are focusing on premium products by providing elevated sauces & spreads, personalized coffees, and prestige skincare. Furthermore, growing consumer awareness and inclination toward healthy foods will drive the functional flours market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Functional Flours Market Size in 2023: | USD 87 billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.2% |
| 2032 Value Projection: | USD 185 billion |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 238 |
| Segments covered: | Source, Type, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Volatile commodity prices may impede the production of functional flour. Due to changing economic scenarios, inflation, and political conflicts, the import-export of flour and flour ingredients has declined notably. Moreover, the increasing costs of food ingredients and changing trade relations may limit demand for functional flour to some extent.
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Functional Flours Market Scope
