DUBLIN, May 19, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/n36dt9/functional_flours) has announced the addition of the "Functional Flours Market by Type, Application, Source & Region - Global Trends & Forecast to 2019" report to their offering.
The market for functional flours is projected to grow at a CAGR of 8.2% to exceed $800 Billion by 2019
The functional flours market is growing in accordance with the advancement of the processed food industry. The rise in demand from industries such as bakery, R.T.E products, and soups & sauces is driving the functional flours market. Rise in consumer spending on processed food products is also estimated to be the key driving factor for the functional flours market. Government initiatives to promote the functional flours industry and increasing trade of these commodities have complemented the overall growth of this industry. However, strict food labeling legislations and seasonal variations affecting the supply of raw materials with fluctuating prices restrain the growth of the market.
The functional flours market is segmented on the basis of key types, applications, sources, and regions. The functional flours industry is restrained by strict food labeling legislations and seasonal variations in the supply of raw materials. The demand for specialty flours such as gluten-free flours and fortified flours is rising as a result of increasing consumer awareness about health issues.
he functional flours market is fragmented, with the leading companies driving the growth. The report provides qualitative analyses of the prominent market players and their preferred development strategies. Key players such as Archer Daniels Midland Company (U.S.), Associated British Foods plc (U.K.), Bunge Limited (U.S.), Cargill, Incorporated (U.S.), General Mills, Inc. (U.S.), and SunOpta, Inc. (Canada) have been profiled in the report. T
he leading players have adopted investments & expansions as their key development strategy to explore new and untapped markets, acquiring local players of the industry and constructing a new customer base for long-term client relationships. This has not only enabled them to expand their geographical reach, but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.
Small-scale players also adopted this strategy to expand their businesses, globally, by investing in the establishment of manufacturing facilities and technical service centers in various regions. This organic growth strategy is an important proposition for the smaller companies, enabling them to improve their technical expertise through intensive R&D infrastructure offered by bigger players
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Functional Flours Market, By Type
8 Functional Flours Market, By Application
9 Functional Flours Market, By Source
10 Functional Flours Market, By Region
11 Competitive Landscape
12 Company Profiles
- Agrana Beteiligungs-AG
- Archer Daniels Midland Company
- Associated British Foods Plc
- Bunge Limited
- Cargill, Incorporated
- General Mills, Inc.
- Parrish and Heimbecker, Limited
- Sunopta, Inc.
- The Hain Celestial Group Inc.
- The Scoular Company
For more information visit http://www.researchandmarkets.com/research/n36dt9/functional_flours
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SOURCE Research and Markets