The global coconut Flour Market is estimated to be valued at USD 2,100 Mn in the year 2022 and is estimated to grow at an unprecedented rate to achieve a value of USD 6,699 Mn by the year 2032 with a CAGR of 12.3% during the assessment period 2022-2032.
Coconut flour is gaining popularity in a variety of industries, especially snacks & baked goods. Coconut Flour producers have also benefited from a number of trade shows and exhibitions, which have helped them extend their customer base and proactively contribute to the growth of the Coconut Flour market.
Companies are attempting to make coconut flour readily available via large retailers and other venues in response to rising demand from health-conscious clients. The popularity of coconut flour is being driven by customers’ knowledge of a healthy lifestyle, as well as the availability of gluten-free items, particularly convenient products such as ready-to-eat snack foods.
Key Takeaways:
- Customers’ rising food allergies and gluten sensitivity are boosting demand for gluten-free coconut flour, which is driving the coconut flour market.
- The low cost of production and the capacity to produce it for both big and small volumes are two main factors driving the coconut flour business.
- Coconut flour has a higher fiber level than flaxseed, which has roughly 28 percent fiber, and oat bran, which has 8.3 percent fiber.
- The United States is by far the most prominent market in the region of North American for coconut flour and its products, with a 65 percent market share in 2021, equivalent to a massive market value of USD 518.7 million.
- China controls approximately 32% of the APAC market, with market size of approximately USD 134.4 billion. The market segment’s growth has been boosted by the vast population and consumer market.
“Coconut flour is a versatile product having a wide array of applications. Companies are using that advantage to incorporate it into their product in order to add the taste, flavor, and nutritional benefits to their food. Companies are targeting consumers who demand organic, natural, and plant-based products by marketing the product as per the specifications which will boost the growth of market segment” says a lead analyst at Future Market Insights.
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Competitive Landscape:
Coconut flour’s higher fiber content has also boosted chances for major baking enterprises around the world. Furthermore, production costs are minimal, which is another factor driving the global coconut flour market forward. The methodology, and the infrastructure utilized in the production of coconut flour, are simple and reasonable because the basic components are derived from the remains of coconut milk. Customers benefit from improved nutrition and dietary content, while businesses benefit from value-added profit.
Coconut flour is gluten-free, making it a good choice for people who are allergic to grains and wheat or intolerant to other gluten-composed foods. Organic Coconut Flour is made from an organic coconut variety that is devoid of preservatives, chemicals, and additives and has become a popular ingredient in a range of cuisines. In China and other APAC nations, there seems to be a large market for functional foods and beverages, which is helping to expand the coconut flour market.
Companies in nations such as the United States are seeking to produce new products with coconut flour as a key ingredient. Tortilla chips made with coconut flour were really a tremendous success, with foodies praising them.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an unbiased analysis of the global Coconut Flour market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
By End-Use:
- Retail
- Conventional / Grocery Stores
- Modern Trade
- E-retailers
- Industrial
By Application:
- Snack Foods
- Polvoron
- Multi-Grain Chips
- Extruded Products
- Kroepeck
- Baked Products
- Cookies
- Bread
- Cakes
- Animal Feed
- Extruded Products
By Product Form:
- Low Fat High Fibre Flour
- Medium Fat Flour
- Whole Full Fat Flour
By Technology:
- Wet Process
- Fresh-Dry Process
By Nature:
- Organic
- Conventional
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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