LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global functional flours market 2017-2021 report. This market research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global functional flours market is fragmented due to the presence of many regional and international players. The manufacturers compete in terms of price, quality, product innovations, expansion, and strategic alliances.
Manufacturers engage in R&D to bring out flours with different functionalities. Manufacturers prefer to mix flours to attain various functional and nutritional benefits. Offering competitive pricing in functional flours will help manufacturers attain new consumers and retain the existing ones.
“Manufacturers are capitalizing on consumer awareness and health consciousness which is leading to increasing demand for functional flours using non-wheat grains, lower salt, sugar, higher fiber, gluten-free products. They are focusing on strategies to expand their business, diversify product offerings, and improve their distribution base. The demand from APAC is fueling the growth of the global functional flours market,” says Akash Pandey, a lead analyst at Technavio for food research.
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Technavio market research analysts identify the following key vendors:
Archer Daniels Midland
Archer Daniels Midland is one of the largest flour millers in the world, with processing and manufacturing facilities worldwide. It produces animal feed ingredients, food ingredients, renewable fuels, and naturally derived alternatives to industrial chemicals. Its division called ADM Milling provides a wide range of quality ingredients to create foods as per customer satisfaction.
Ardent Mills
Ardent Mills is a premier flour milling ingredient company. Its operations and services are steered by more than 40 flour mills and bakery mix facilities. In addition, it has a specialty bakery and Mobile Innovation Center. The company focuses on providing innovative and nutritious grain-based solutions to its consumers.
Associated British Foods
Associated British Foods offers functional flours through one of its five business segments. It is committed to providing value to its stakeholders by investing in upgrades of equipment and enhanced quality assurance measures which include the implementation of the stringent food safety procedures.
Ingredion
Ingredion is a major global ingredient solutions provider. It offers encapsulations and emulsifiers, extracts, fiber, flours, prebiotics, proteins, pulses, starches, and sweeteners. It offers a wide portfolio of functional flours made from rice, tapioca, corn, and pulses. It produces functional flours under its brand called HOMECRAFT. These functional flours can be used to make nutritious snacks, bread, cakes, cereals, and pasta. It is gluten-free and contains high protein.
BLUE DIAMOND GLOBAL INGREDIENTS DIVISION
BLUE DIAMOND GLOBAL INGREDIENTS DIVISION produces a wide variety of almond flours such as extra fine blanched, extra fine natural, and fine blanched. It can be used in a wide range of applications. Almond flours offered by the company are rich in protein, fiber, antioxidants, and healthy fats.
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