Key excerpts from Future Market Insights’ latest report on
the global coconut
flour market projects that by the end of 2026, around 850.8 Thousand
Tonnes of coconut flour is expected to be consumed across the globe. Increasing
awareness amongst consumers about health benefits of coconut flour is expected
to fuel its demand over the next couple of years. Moreover, coconut flour is
gluten-free, making it consumable for those who are allergic to wheat or are
sensitive to other similar gluten-based substances. Coconut flour has emerged
as a good alternative for wheat flour. In recent past coconut flour has also
seen a surge in its sales, owing to the rising demand for functional flour.
In terms of production, China is the leading producer of
Coconut Flour followed by Poland, Germany, Chile and Austria. Production of
coconut flour in Ukraine has also spiralled in last 3 years. Meanwhile, the
Western Europe region holds the top position in terms of consumption followed
by North America. Most European consumers value quality and prefer natural products
that are healthy and carry no side effects, hence the demand for healthy food
products such as coconut flour is significantly high in this region. In North
America, the U.S. is a major importer of coconut flour and accounts for a
sizeable share of the market.
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.
Access Full Report: https://www.futuremarketinsights.com/reports/coconut-flour-market