The global coconut Flour Market is estimated to be valued at USD 2,100 Million in the year 2022 and is estimated to grow at an unprecedented rate to achieve a value of USD 6,699 Million by the year 2032 with a CAGR of 12.3% during the assessment period 2022-2032.
Due to its growing acceptance in the culinary sector as a nutrient-rich, gluten-free substitute, the coconut flour market is expanding rapidly. Coconut flour’s market expansion is being driven by rising health consciousness and desire for natural products, as well as by the product’s versatility and distinctive flavour. In the near term, expectations point to sustained rising growth.
China is the largest producer of coconut flour, followed by Poland, Germany, Chile, and Austria in terms of production. In the last three years, production of coconut flour has also skyrocketed in Ukraine. In terms of consumption, North America is second, followed by the region of Western Europe.
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Since most European consumers appreciate quality and prefer natural goods that are healthy and have no side effects, there is a sizably large demand in this region for healthy food items like coconut flour. The United States imports a sizable portion of the coconut flour consumed in North America.
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.
- 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.
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.
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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?
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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