The coconut flour industry size is projected to be worth US$ 2,984.2 million in 2023. The industry is likely to reach US$ 6,325.6 million by 2033. The industry is further expected to surge at a CAGR of 7.8% during the forecast period 2023 to 2033.
With a CAGR of 12.3% over the assessment period of 2022–2032, the global coconut flour market is projected to grow at an unparalleled rate, reaching a value of USD 6,699 million by 2032 from an anticipated USD 2,100 million in 2022.
As more chefs become aware of the nutrient-dense, gluten-free advantages of coconut flour, the industry is growing quickly. Increased consumer demand for natural products, health consciousness, and the product’s taste and flexibility are driving growth in the coconut flour industry. Predictions suggest that growth will pick up speed in the near future.
Get Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-2479
The top producers of coconut flour worldwide are China, followed by Chile, Germany, Austria, and Poland. The output of coconut flour in Ukraine has increased significantly over the last three years. North America is ranked second in terms of consumption, behind Western Europe.
Because most European consumers value quality and prefer natural, healthy products with minimal side effects, there is a significant demand in this region for healthy food items such as coconut flour. The United States imports a significant amount of the coconut flour eaten 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.
Drive Your Growth Strategy: Purchase the Report for Key Insights!
https://www.futuremarketinsights.com/checkout/2479
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
Frequently Asked Questions
- How much is the Coconut Flour industry 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 Industry?
- What outlook does APAC provide?
- At what rate will the U.S. Coconut Flour industry grow?
- At what level does the report reflect pricing analysis?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
