Coconut Flour Market Soars to US$ 6,325.6 Million by 2033 with 7.8% Growth

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.

The coconut flour industry is fast developing as more cooks recognise its nutrient-dense, gluten-free benefits. The coconut flour industry is being driven forward by rising customer demand for natural goods and health consciousness, as well as the product’s taste and adaptability. Forecasts show that growth will continue to accelerate in the foreseeable future.

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China leads the world in coconut flour production in terms of output, followed by Germany, Austria, Poland, and Chile. Over the previous three years, there has also been a significant increase in the production of coconut flour in Ukraine. In terms of consumption, North America is ranked second, followed by Western Europe.

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

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.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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