Coconut Flour Market Size, Share, Growth, and Industry Analysis by Type (Whole Full Fat Flour, Low Fat High Fiber Flour, Medium Fat Flour, and Coconut Flour) By Application (Baked Products and Snack Foods), Regional Insights, and Forecast to 2031

Updated On: 22 April 2024

Coconut Flour Market REPORT OVERVIEW

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Coconut Flour Market Size is expected to grow from 381.1 million in 2022 to USD 608.19 million by 2031 at a Compound Annual Growth (CAGR) of 5.3% from 2022 to 2031.

Coconut flour is one of the types of product. The flour is made from the fruit of the palm tree Cocos nucifera. It is made of ground coconut meat, and it is a natural byproduct of coconut milk production.

The flour is gaining popularity owing to increased demand for gluten free and increased need for baking. Rise in need for baked products among population and growing awareness about health benefits is anticipated to accelerate market growth. The flour is ideal for making waffles, pancakes, muffins, and other baked goods. The flour has natural sweetness which makes it ideal for baking. The flour is made up of ground coconut meat. It gives nutty and sweet flavor. It becomes a staple in kitchen. Rise in case of gluten intolerance and growing demand for losing weight is anticipated to fuel market growth in the coming years. Increased need to avoid gluten and growing need to digest things better is expected to fuel market growth. Adoption of the flour in cooking helps to control blood sugar and it helps to boost fiber and protein in human body. On the contrary, few health risks associated with the flour such as high amount of fiber presence in the flour may cause bloating. Thicker nature of the food material is anticipated to limit market growth over the forecast period.

COVID-19 Impact: Closure of Food & Beverage Sectors to Harm Market Growth

The sudden spread of COVID-19 pandemic halted production activities. Closure of food & beverage sectors. Lockdown restrictions and lower demand for the product affected market growth. Ban on travel impacted import and export activities.

LATEST TRENDS

"Rising Case of Gluten Intolerance to Fuel Market Growth "

Growing number of cases of gluten intolerance and increased cases of food allergies is estimated to fuel market growth. Gluten intolerance can cause several health issues such as bloating, diarrhea, celiac diseases and others. The flour is completely gluten free and can be easily substitute with wheat and other flours. Growing demand for the product among health fitness professionals and increased spending capacity. Rise in disposable income and rapid developed in food & beverage sector is anticipated to boost market growth in the coming years.

Coconut Flour Market SEGMENTATION

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• By Type

Based on type, the market is divided into whole full fat flour, low fat high fiber flour, medium fat flour, and coconut flour.

Low fat high fiber flour is expected to be the top part of type segmentation.

• By Application

Based on the application, the market is divided into baked products and snack foods.

Baked products are expected to be the top part of application segmentation.

DRIVING FACTORS

"Potential Health Benefits of Flour to Expand Product Demand"

The growing awareness about the potential health benefits of flour among consumers such as lower glycemic index than wheat flour. The flour contains more protein and it is safe to consume. The food ingredient is ideal for proper digestion. It is helps to absorb carbohydrates and rise in need for better digestion process is estimated to fuel market growth. It becomes a staple in kitchen. Rise in case of gluten intolerance and growing demand for losing weight is anticipated to fuel market growth in the coming years. Increased need to avoid gluten and growing need to digest things better is expected to fuel market growth. Adoption of the flour in cooking helps to control blood sugar and it helps to boost fiber and protein in human body. These factors are estimated to drive coconut flour market growth in the coming years.

"Increased Demand for Baking and Rise in Need for Baking Products to Propel Market Growth"

The flour is gaining popularity owing to increased demand for gluten free and increased need for baking. Rise in need for baked products among population and growing awareness about health benefits is anticipated to accelerate market growth. The flour is ideal for making waffles, pancakes, muffins, and other baked goods. The flour has natural sweetness which makes it ideal for baking. The flour is made up of ground coconut meat. Rise in adoption of the product among bakers and growing need for gluten free bakery products is anticipated to drive market growth in the forthcoming years.

RESTRAINING FACTORS

"Health Risk associated with Flour to Limit Market Growth"

Few health risks associated with the flour such as high amount of fiber presence in the flour may cause bloating. Thicker nature of the food material is anticipated to limit market growth over the forecast period.

Coconut Flour Market REGIONAL INSIGHTS

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"Growing Consumer Awareness about Coconut Flour in North America to Drive Market Share  "

North America is estimated to account for coconut flour market share owing to rising consumer awareness of health advantages of coconut flour increased demand for gluten free and increased need for baking. Rise in need for baked products among population and growing awareness about health benefits is anticipated to accelerate market growth. The flour is ideal for making waffles, pancakes, muffins, and other baked goods. The flour has natural sweetness which makes it ideal for baking. The flour is made up of ground coconut meat. It gives nutty and sweet flavor. It becomes a staple in kitchen. Rise in case of gluten intolerance and growing demand for losing weight is anticipated to fuel market growth in the coming years. Increased need to avoid gluten and growing need to digest things better is expected to fuel market growth. Adoption of the flour in cooking helps to control blood sugar and it helps to boost fiber and protein in human body.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Celebs Coconut Corporation (Philippines)
• Nutrisure (India)
• Nutiva (U.S.)
• Bob's Red Mill Natural Foods (U.S.)
• Primex Coco Products (Philippines)
• The Coconut Company (U.K.)
• Connecticut Coconut Company (U.S.)
• Van Amerongen & Son. (Canada)
• Healthy Traditions (U.S.)
• Smith Naturals (Sri Lanka)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.