A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global coconut flour market. Presenting exclusive insights into the market from 2017 to 2025, the report projects that the market will witness notable growth during the forecast period. The growth of the market is primarily attributed to the growing awareness regarding the numerous health benefits of coconut flour, thereby making it a healthy, gluten-free, alternative for wheat flour. Invigorated by its health benefits, coconut flour is being extensively adopted in the food & beverage sector. Moreover, there are a high number of consumers in the U.S., who are either allergic to wheat or sensitive to gluten. Coconut flour is acting as an ideal alternative to such consumers, thereby receiving significant impetus from the North American region.
Increasing Preference for Healthier Diets in Shapes Growth Trajectory
The increasing awareness regarding the health benefits of coconut flour, coupled with sprouting adoption in the F&B sector will continue to propel the demand for coconut flour. In addition to being gluten-free, coconut flour is rich in fiber, which makes it a rich, concentrated source of non-digestible fiber. The high fiber content in coconut flour bolsters in improving colon health. Moreover, coconut flour is highly consumed by diabetic patients, since it has a lower impact on blood sugar as compared to wheat flour. As coconut flour is gaining traction among general consumers, F&B players are leveraging the demand and are using coconut flour in the preparation of a variety of food products, such as bread, muffins, pancakes, cakes, cookies, and cupcakes. This adoption is expected to remain the most prominent growth driver to the coconut flour market. The low cost of production is widening the profit margins for producers of coconut flours and is encouraging a number of emerging players to scale up their production capacity.
North America’s Restrain Translates into Revenue Opportunity for Asia Pacific
Unfavorable climatic conditions in North America restrict the growth of coconut in the region, and pushes retailers in the region to import from Latin America and the Asia Pacific. The high import prices subsequently increase the selling price, thereby limiting the growth of the North American market to a certain extent. On the other hand, the Asia Pacific region, which is currently the leading producer of coconut, leverages the high export demand and is expected to exhibit impressive growth rate through the forecast period.