Latin America Functional Flours Market

Latin America Functional Flours Market Size, Share, Growth (2022-2027)

Latin America Functional Flours Market was worth USD 5.96 billion in 2021 and is estimated to be growing at a CAGR of 8.2%, to reach USD 8.84 billion by 2027

Latin America Functional Flours Market Overview

The term functional flour is commonly used for hydro-thermally treated specialty flours. Functional Flour 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.

Latin America Functional Flours Market Segmentation

The Latin America 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

• Speciality Flour

Latin America Functional Flours Market Regional Analysis

• Brazil

• Argentina

• Mexico

• Rest of Latin America

Brazil is leading the market regionally, due to high consumption and demand of processed and bakery food as well as due to presence of a well-developed food industry. Argentina 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 source due to their applications in processed and bakery foods. Legume Flours are expected to grow the fastest due to their applications is producing food products that are nutritious and gluten-free. RTE food products hold the major share in applications segment owing to individuals preferring on-the-go food to satisfy the needs of busy lifestyle.

Latin America 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 and Heimbecker