Functional Flours Market Size, Share, Industry, Forecast and outlook (2024-2031)

Functional Flours Market Overview

The Global Flour Market reached USD 155.5 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 238.5 billion by 2030. The market is expected to exhibit a CAGR of 5.5% during the forecast period (2023-2030). A finely ground mixture of different raw grains and starchy plant components constitutes flour, and it is formed by combining these ingredients.

The most common types of flour found in usage throughout the world are whole wheat flour, wheat flour, rice flour, all-purpose flour, and bread flour. A staple food like bread, confections, baked goods, and quick foods like noodles and spaghetti are all prepared with flour as the primary component. 

The fact that flour has less fat and cholesterol makes it considered a health-friendly option. The nutrients, minerals, and carbs in flour are also good sources. Whole wheat flour is well recognized for regulating PMS symptoms, lowering the risk of chronic inflammation and heart diseases, preventing obesity, promoting skin and hair health, and assisting with digestion, which is a key factor driving the flour market growth. 

Functional Flours Market Scope

Functional Flours Market Dynamics

Rising Vegetarianism Coupled with Flour’s Health Benefits is Estimated to Drive the Flour Market Growth.

Considering grain flour is a nutritional powerhouse rich in vitamins, minerals, and carbs, it offers a number of health advantages. Many medical professionals think that eating whole grains regularly can reduce the chance of developing chronic diseases like cancer. According to National Institutes of Health (NIH) research, low levels of thiamine are present in 20 to 98 percent of cases of heart failure. 

According to several studies, a cup of flour can provide more than 200 mcg of folate, 42.4 mcg of selenium, 1 gram of thiamine, and around 95.4 grams of carbs. As a result, unbleached flour over bleached flour is increasingly being included in people's meals all around the world. Another trend that is growing is vegetarianism is creating flour market opportunities to thrive. By 2022, the Vegan Society poll estimates that between 20 and 22 percent of people worldwide adopted vegetarianism.

Environmental Catastrophes and Declining Soil Organic Content are Predicted to Impede Flour Market Expansion.

The global flour market has serious issues due to contamination of the food grains because of inappropriate warehousing impacts. The excessive fertilizer usage is causing the soil's fertility to decline as the organic content shrinks. Poor soil health is creating a looming calamity in India, according to a soil health survey. According to FAO report, over 50% of Indian soil is deficient in nitrogen, while over 40% is deficient in phosphorus and vital organic carbons.

Functional Flours Market Segment Analysis

The global flour market is segmented based on product type, application, distribution channel, end-user, and region.

In the Global Market of Flour, the Food Segment of Application Holds the Largest Market Share. 

The global flour market has been segmented by application into food, feed and others. The food segment held the largest flour market share of 49.4% in 2022 in the flour market analysis report. 

The enormous usage of flour in the production of food, particularly confections, cake flour, pastry flour, and bread goods, is responsible for increasing demand. In addition to many other foods, it is used to make bread, flaky pie crusts, chewy cookies, and fluffy pancakes. In gluten-free flour pasta, baby jars, soups, pate, battering and breading, and puffed cereals, rice flour plays a vital role.

Accoding to UK flour millers report, 87% food products are made from flour in confectionary segment. In addition, enriched flour of gram flour, which is made from chickpeas, is used as a natural thickener in curries. This expansion is the result of both the escalating demand for processed and RTE meals and the improving standard of life in low-income nations.

Source: DataM Intelligence Analysis (2023)

Global Functional Flours Market Geographical Penetration

The Asia-Pacific Held the Largest Share in Flour Market in 2022

The global flour market is segmented into North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The Asia-Pacific flour market held the largest market share of 42.6% in 2022 in the flour market analysis. 

The greatest grain-producing nations, such as India, China, and Indonesia, are present in this market, which contributes to its expansion. Asia is renowned for its extensive wheat farming, which guarantees a continuous supply to the food sector. China produced 134 million metric tonnes of wheat in 2020, whereas India produced around 107 million metric tonnes of whole wheat overall. 

Nevertheless, with a combined yearly production capacity of more than 330 million metric tonnes, China, India, Indonesia, and Bangladesh are the world's top 4 rice producers, which are the nations responsible for highest flour milling in the region, which in turn, is increasing the flour market demand in the region.

Source: DataM Intelligence Analysis (2023)

Functional Flours Market Major Key Players

The major global players in the market include Ardent Mills, Associated British Foods Plc, King Arthur Flour Company, Archer Daniels Midland Company, Hindustan Unilever Ltd., Hodgson Mill, Cargill, ITC Ltd., ConAgra Foods Inc., and General Mills.

COVID-19 Impact on Functional Flours Market 

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

Covid-19 Impact:

The COVID-19 pandemic in 2020 resulted in the greatest worldwide economic recession ever. Globally, the epidemic has had a severe impact on the economy. The COVID-19 problem has caused a 4.2% decline in the world's GDP. The coronavirus outbreak has also been disrupting the world's food supply and agri-food value chains. The fast spread of COVID-19 put difficult decisions on the world's decision-makers. 

As many nations adopted the required social segregation measures in reaction to the epidemic, a unique and complex situation developed. Numerous nations confronted numerous difficulties with regard to the economy, food security, and public health. Primary production, processing, commerce, logistics, and demand are all impacted by agriculture and food. 

The logistics of the food value chain have been impacted, as well as the flow of agricultural inputs, outputs, and services associated with agriculture, as a result of the global movement restrictions and border closures enacted to manage the epidemic. Global food markets were well-balanced despite the worries brought on by the fast spread of COVID-19 over the world.

While the pandemic caused a 7 percent decline in the global commodities trade in 2020, the flour and bread goods sector survived a significant test. Due to the rising demand for staple foods like flour, pasta, and pulses as well as the general state of panic, the market shelves were notably bare during the start of the epidemic. However, because of the robust dynamics of the domestic and international markets, it was possible to restock the shelves quickly and ensure that no one was left without items as a result of the epidemic.

By Product Type

• Maize
• Wheat
• Rye
• Oat
• Rice
• Chickpea
• Others

By Application

• Food
• Feed
• Others

By Distribution channel

• Online
• Offline

By End-User

• Households
• Food Service Provider

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In December 2021, the renowned flour-milling company Ardent Mills of Colorado, USA, announced the successful acquisition of the whole operation of the Firebird Artisan Mills of North Dakota, USA (a miller noted for its gluten-free grains). The goal of the deal is to expand Ardent Mills' assortment of nutritious products.
• In November 2021, the U.S.-based DMH Ingredients, a business recognized for selling diverse food and beverage components, was successfully acquired by US-based Batory Foods, a firm that supplies food ingredients. The deal's financial details were kept under wraps. However, it is believed that the deal would enhance Batory Foods' ingredient offering.
• In April 2020, the Krusteaz Company, the U.S.-based company with a reputation for its baking goods, announced that it successfully purchased a plant in Effingham from the family-run whole food grains company Hodgson Mills. It is projected that the 175,000-square-foot plant would increase Continental's ability to produce bread.

Why Purchase the Report?

• To visualize the global flour market segmentation based on product type, application, distribution channel, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of flour market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global flour market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies