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Coconut Flour Market Size - By Application (Bakery and confectionery, Snacks and cereals, Pasta and noodles, Animal Feed, Other food and beverages), Nature (Conventional flour, Organic flour) Product Type, Regional Outlook & Global Forecast, 2024-2032

  • Report ID: GMI7184
  • Published Date: Oct 2023
  • Report Format: PDF

Coconut Flour Market Size

Coconut Flour Market was valued at USD 6.1 billion in 2023 and is anticipated to register a CAGR of over 6.5% between 2024 and 2032. The prevalence of gluten intolerance and celiac disease has led to an increased demand for gluten-free flours like coconut flour. Many individuals with gluten sensitivities or allergies turn to coconut flour as a safe alternative.
 

Coconut Flour Market

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In addition, increasing consumer awareness about health and wellness has led to a growing demand for healthier alternatives to traditional wheat flour. Coconut flour is gluten-free, high in fiber, and rich in nutrients, making it a popular choice for health-conscious consumers.
 

The coconut flour prices can be subject to fluctuations due to various factors, including the supply of coconuts, weather conditions, and processing costs. These price variations can affect market stability. In addition, coconut flour production is concentrated in regions with significant coconut cultivation, such as tropical countries. This limited geographic availability can result in supply chain challenges, including transportation costs and potential disruptions due to natural disasters.
 

COVID-19 Impact

The COVID-19 pandemic had significant impact on the coconut flour market. Initially, the global supply chain experienced disruptions, affecting the production and distribution of coconuts, a key source of coconut flour. Lockdowns, transportation restrictions, and labor shortages hindered harvesting and processing. Consumer demand for coconut flour fluctuated during the pandemic. As people turned to home baking, there was a surge in demand due to its gluten-free and healthy properties. However, the closure or limited operations of restaurants and foodservice establishments reduced bulk demand.
 

Coconut Flour Market Trends

The growing awareness of the health benefits associated with coconut flour was driving its demand. Coconut flour is gluten-free, low in carbohydrates, and rich in fiber, making it an attractive option for individuals with dietary restrictions and those seeking healthier alternatives. In addition, Coconut flour fits well into the gluten-free food trend. As more people were diagnosed with gluten sensitivities or celiac disease, the demand for gluten-free products, including coconut flour, was on the rise.
 

Coconut Flour Market Analysis

Global Coconut Flour Market Size, By Product Type, 2021 - 2032 (USD Billion)

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Based on product type, the whole full-fat flour segment dominated around 2.6 billion revenue in the year 2022. Consumers are becoming more aware of the health benefits of whole grains, including their high fiber content and low glycemic index. Whole full-fat flour is a good source of both nutrients.
 

Global Coconut Flour Market Revenue Share (%), By Application, (2023)

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Based on nature, the conventional segment held over 64.5% of the coconut flour market share in 2022. Coconut flour is relatively high in fiber and protein, and it has a lower glycemic index compared to traditional wheat flour. This makes it appealing to individuals looking to manage their blood sugar levels and improve digestive health.
 

Based on application, the bakery and confectionary segment accounted for 55.5% of the coconut flour market share in 2022. Coconut flour is high in fiber, healthy fats, and essential nutrients. It's a good source of protein, and it contains lauric acid, which is known for its potential health benefits. This makes it an attractive option for consumers who want to incorporate more nutritious ingredients into their baked goods and confections.
 

Asia Pacific Coconut Flour Market Revenue, 2021 - 2032 (USD Billion)

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The Asia Pacific coconut flour market size reached more than USD 2 billion in the year 2022. The Asia-Pacific region has been able to tap into the international market for coconut flour. As health trends and awareness of coconut-based products spread globally, countries in the region are exporting their coconut flour to a wide range of markets, further boosting the industry's growth. In addition, the Asia-Pacific region has been able to tap into the international market for coconut flour. As health trends and awareness of coconut-based products spread globally, countries in the region are exporting their coconut flour to a wide range of markets, further boosting the industry's growth.
 

Coconut Flour Market Share

Major companies operating in the coconut flour industry includes:

  • Vita Coco
  • Zico Beverages
  • Coco do Vale
  • PT. Pulau Sambu
  • The Coconut Company
  • Marico Ltd.
  • Sambu Group
  • Metshu exports (pvt) ltd.
  • Cocomate
  • Klassic Coconut
  • Cocotana Coconut Products
  • Universal Coco Indonesia
  • Thai Coconut Public Company Limited.

 

The companies are undergoing various strategic initiatives, such as mergers and acquisitions, partnerships, collaborations.
 

The company boasts a diverse portfolio, spanning hair care, skincare, and wellness products. Marico's renowned brands, including Parachute, Saffola, Livon, Set Wet, and Nihar, have solidified its presence in the market. Parachute, famous for its coconut-based hair oil, remains a household name. While the company's primary market is India, it has steadily expanded its global footprint, operating in over 25 countries. Marico's commitment to innovation is evident through its continuous product development and improvements. Beyond personal care, the company has ventured into the health and wellness sector with the Saffola brand, offering health-focused products such as cooking oils and oatmeal.
 

Coconut Flour Industry News

  • In September 2023, Vita coco and Roblox had a partnership to plant coconut tree across the globe.
     

The coconut flour market research report includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Kilo Tonnes) from 2018 to 2032, for the following segments:

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Market, By Product Type

  • Organic
  • Conventional

Market, By Nature

  • Groats
  • Flour
  • Flakes
  • Others

Market, By Application

  • Food & Beverages
  • Animal Feed
  • Personal care & cosmetics
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Egypt

 

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of coconut flour reached USD 6.1 billion in 2023 and is set to expand at over 6.5% CAGR from 2024 to 2032, owing to the increasing prevalence of gluten intolerance and celiac diseases worldwide.
Whole full-fat coconut flour segment generated USD 2.6 billion in revenue in 2022, attributed to the rising consumer awareness of the health benefits of whole grains.
Asia Pacific market was valued at USD 2 billion in revenue in 2022, driven by the evolving health trends and the increasing export of coconut flour from major countries in the region.
Some of the leading coconut flour providers are Vita Coco, Zico Beverages, Coco do Vale, The Coconut Company, Marico Ltd., Metshu exports (pvt) ltd., Cocomate, Klassic Coconut, Cocotana Coconut Products, Universal Coco Indonesia, and Thai Coconut Public Company Limited.

Coconut Flour Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 279
  • Countries covered: 21
  • Pages: 180
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