Market Share of Functional Flour Industry
The functional flour market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted expansions and investments in function flour as their growth strategies. Some of the major companies in the functional flour market are Cargill Inc., Archer Daniels Midland Company, Associated British Foods, Ingredion Inc., and Bunge Limited, among others. Product innovation and development is the most adopted strategy by the players operating in the market, followed by mergers and acquisitions and expansions for increasing their visibility and portfolio of offerings. Manufacturers are focusing on providing ingredients that increase the shelf-life of the product. For instance, in June 2021, Müller's Mühle, a Germany-based manufacturer, announced an investment of USD 17.6 Million (EUR 14.5 Million) in a new refining technology for its legume flour offering. The company will be able to make functional flours with up to 65% protein content due to the investment made in the cutting-edge air separation facility.
Functional Flour Market Leaders
Cargill, Incorporated
Archer Daniels Midland Company
Associated British Foods plc
Ingredion Incorporated
Bunge Limited
*Disclaimer: Major Players sorted in no particular order
