Vegan Flour Market Outlook, Geographical Segmentation, Industry Size and Share, Analysis to 2033

The vegan flour market is anticipated to expand its roots at an average CAGR of 4.0% between 2023 and 2033. The market is expected to have a market share of US$ 2.18 billion by 2033 while it is likely to be valued at US$ 1.51 billion in 2023

• Success of the vegan movement, increasing sensitivity toward animals, and global social trends are converting people into vegans. Furthermore, the long range of health benefits associated with vegan products like vegan flour is also pushing the demand for vegan flour.
• The increased number of lactose-intolerant populations with people adopting a lifestyle change through turning vegetarian and vegan afterward is making a space for the market players to experiment. Also, high nutritional values, low fats, and low carbs are helping these products find their way to the end-user’s plate.
• Developed as well as developing countries are transforming their food habits with globalization and enhanced exports & imports. Thus, the vendors are introducing their products with clean-label and advanced packaging.
• The companies completing their sustainable goals along with the multiple vegan flours for targeted health conditions are expected to flourish the market growth. Moreover, social media influencers and celebrities turning vegan are also expected to transform consumer behavior during the forecast period.

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Key Points

1. The United States market leads the vegan flour market in terms of market share in North America. The United States region held a market share of 31.5% in 2022. The growth in this region is attributed to aware citizens for preventing animal cruelty, expanding veganism, and proliferating vegan food-based businesses.
2. The United Kingdom’s vegan flour market is another significant market in the Europe region. The market thrives at a leading CAGR of 11.0% between 2023 and 2033. The growth is attributed to the new product launches, high health benefits, and helpful impact on multiple chronic diseases.
3. India’s vegan flour market thrives at a leading CAGR of 9.0% during the forecast period. The market’s growth is attributed to the rising awareness of the vegan movement and products.
4. China’s vegan flour market also thrives at a CAGR of 10.0% from 2023 to 2033. The growth is attributed to the high imports of flour.
5. Based on product type, the soy flour segment held the leading market share of 45% in 2022. The growth is attributed to the affordable price, high-protein concentration, and easily-digestible properties.
6. The organic segment leads in the nature type category of the market as it held a significant share of 21% in 2022.
7. Based on application, bakery products consume most of the market as it held a leading market share of 32% in 2022.

 Competitive Landscape

The key vendors work on clean-label packaging, enhanced quality, and different vegan flour options. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players Working in the Vegan Flour Market

• Conagra Brands, Inc
• Cargill, Incorporated
• Archer Daniels Midland Company
• Ardent Mills LLC
• Spectrum Essentials
• Flour Farm’s
• Let’s Do Organic
• Bob’s Red Mill
• Others

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Recent Market Developments

• Spectrum Essentials has also launched its spectrum essentials soft gels, vegan ultra omega-3 EPA and DHA with vitamin D. The gels come with a lemon flavor.
• Bob’s Red Mill has introduced its 453 g organic coconut vegan flour with Non- GMO and High Fiber qualities.

Key Segments Covered

By Type:

• Soy Flour
• Oat Flour
• Quinoa and Rice Flour
• Nut-based Flour
• Cereal based flour

By Nature:

• Organic
• Conventional
• By Application:
• Bakery Products
• Soups, Sauces & Dressings
• Confectionaries
• Functional Foods

By Region:

• North America
  • The United States
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Russia
  • Rest of Europe
• Japan
• Asia Pacific Excluding Japan
  • China
  • India
  • Malaysia
  • Singapore
  • Australia
  • Rest of Asia Pacific Excluding Japan (APEJ)
• The Middle East and Africa
  • GCC Countries
  • Israel
  • South Africa
  • The Middle East and Africa (MEA)

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