Asia Pacific Functional Flours Market

Asia Pacific Functional Flours Market  Size and Growth Analysis:

Asia Pacific Functional Flours Market was worth USD 9.24 billion in 2021 and is estimated to be growing at a CAGR of 9.5%, to reach USD 14.54 billion by 2027.

Asia Pacific Functional Flours Market Overview:

The term functional flour is commonly used for hydro-thermally treated specialty flours. Functional Flours are prepared from grains and non-grains using a unique hydrothermal treatment process. The grains utilized for this include wheat, corn, rice, rye, oats, and others. Nongrains are mostly pulses and legumes. The hydrothermal treatment process controls particle size and improves the hot or cold bonding ability. They are gaining popularity due to their nutritional advantages and various applications in the food industry.Major factors driving the growth of the market are increasing consumption of processed and packaged food in developed and developing regions, increasing popularity for premium food products, growing consumer preference towards healthy and convenience foods, new developments like ethnic mixes, and government initiatives to promote the functional flours industry and increase in trade of these commodities. However, factors like seasonal changes affecting raw material supply and stern food labeling legislations are hampering the growth of the market.

Asia Pacific Functional Flours Market Segmentation

The Asia Pacific market for Functional Flours is segmented based on

• Source

• Application

• Type

Based on

• Source – Cereals

• Legumes

Based on Application –

• Bakery

• Soups

• Sauces

• Ready to eat Products.

Based on Type 

• Pre-cooked Flour

• Specialty Flour

Asia Pacific Functional Flours Market geographical Analysis

• China

• India

• Japan

• South Korea

• Australia

China is leading the market regionally, due to high consumption and demand for processed and bakery food as well as due to the presence of well-developed food industry. India is expected to grow the fastest owing to its increasing economy with a large population base ready to spend on processed food and rapidly growing consumer markets. Cereal Flours have held the major share in the market in terms of the source due to their applications in processed and bakery foods. Legume flour is expected to grow the fastest due to its applications in producing food products that are nutritious and gluten-free. RTE food products hold the major share in the applications segment owing to individuals preferring on-the-go food to satisfy the needs of a busy lifestyle.

Asia Pacific Functional Flours Market Key players

1. Cargill

2. Incorporated

3. Archer Daniels Midland Company

4. Bunge Limited

5. Associated British Foods plc

6. General Mills, Inc.

7. The Scoular Company

8. AGRANA Beteiligungs-AG

9. The Hain Celestial Group, Inc.

10. SunOpta, Inc.

11. Parrish

12. Heimbecker