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Functional Flours Market Trends

Report ID: GMI5631
Published Date: May 2023
Report Format: PDF

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Functional Flours Market Trends

New product development and food innovation are boosting the development of novel food products and functional ingredients. The growing consumption of bakery items and confectioneries with unique formulations is boosting the demand for functional flours. Moreover, the increasing consumer preference for gluten-free snacks is accelerating the use of cereal, legume, and pseudo-cereal flours to incorporate functional properties.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of functional flours reached USD 87 billion in 2023 and will expand at more than 8.2% CAGR from 2024 to 2032.

The bakery products segment held over USD 30.8 billion in 2022, due to benefits such as enhanced taste, texture, and nutritional profile of the products.

North America market size will expand at over 7.5% CAGR between 2023 and 2032, led by the expanding bakery & confectionery sectors in the U.S., and Canada.

Cargill, Ingredion Incorporated, The Scoular Company., ICL Group, Amway, OTSUKA Pharmaceutical, General Mills, and Sunopta are some of the major producers of functional flours.