The coconut flour market is anticipated to be worth USD 2,100 million in 2022 and to develop at an unparalleled rate to reach USD 6,699 million by 2032, with a CAGR of 12.3% over the assessment period of 2022-2032.
Key excerpts from Future Market Insights’ latest report on the global coconut flour market projects that by the end of 2032, around 850.8 Thousand Tones of coconut flour is expected to be consumed across the globe. Increasing awareness amongst consumers about health benefits of coconut flour is expected to fuel its demand over the next couple of years. Moreover, coconut flour is gluten-free, making it consumable for those who are allergic to wheat or are sensitive to other similar gluten-based substances. Coconut flour has emerged as a good alternative for wheat flour. In recent past coconut flour has also seen a surge in its sales, owing to the rising demand for functional flour.
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In terms of production, China is the leading producer of Coconut Flour followed by Poland, Germany, Chile and Austria. Production of coconut flour in Ukraine has also spiraled in last 3 years. Meanwhile, the Western Europe region holds the top position in terms of consumption followed by North America. Most European consumers value quality and prefer natural products that are healthy and carry no side effects, hence the demand for healthy food products such as coconut flour is significantly high in this region. In North America, the U.S. is a major importer of coconut flour and accounts for a sizeable share of the market.
Key Takeaways:
- Soaring popularity of coconut flour tortillas in several parts of the world. From an exotic food item, coconut flour tortillas are now turning into mainstream pantry food.
- In countries such as Japan and the U.S., people are trying to developing new products using coconut flour as a key ingredient. Tortilla chips made with coconut flour has been a great success and well appreciated by food lovers.
- Coconut flour is being increasingly used in manufacturing the nutritional bars, chocolate fillings, and other baking products such as pizza base, and bread.
- Growing demand for coconut flour based food products in the emerging countries such as China and India.
- Increased availability of coconut flour, owing to setting up of organised retail structures in both developed and developing regions.
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Celebs Coconut Corporation, Nutrisure Ltd., Nutiva, Inc, Bob’s Red Mill Natural Foods, Primex Coco Products Inc., The Coconut Company, Connecticut Coconut Company, Van Amerongen & Son., Healthy Traditions and Smith Naturals are some of leading manufacturers of coconut flour profiled in the FMI report.
The report covers exhaustive analysis on:
- How much is the Coconut Flour market currently worth?
- At what CAGR is the market expected to grow?
- What are the key trends boosting Coconut Flour sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 3 companies hold?
- Which are the major countries driving demand for Coconut Flour?
- Who are the major players in Coconut Flour Market?
- What outlook does APAC provide?
- At what rate will the U.S. Coconut Flour market grow?
- At what level does the report reflect pricing analysis?
Market segmentation for Coconut Flour
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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Frequently Asked Questions
- How much is the Coconut Flour market currently worth?
- At what CAGR is the market expected to grow?
- What are the key trends boosting Coconut Flour sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 3 companies hold?
- Which are the major countries driving demand for Coconut Flour?
- Who are the major players in Coconut Flour Market?
- What outlook does APAC provide?
- At what rate will the U.S. Coconut Flour market grow?
- At what level does the report reflect pricing analysis?
About 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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