Below are some of the key findings from the coconut flour market research report
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Global coconut flour industry overview
The growing awareness of several health benefits of coconut flour is one of the key factors expected to drive the market’s growth in the forthcoming years. The consumption of coconut flour has increased in the food and beverages industry as it has emerged as a gluten-free substitute for wheat flour. Coconut flours have high fiber content, which makes it a rich, concentrated source of non-digestible fiber, thus enhancing colon health. Coconut flour is also very suitable for diabetic patients as it has a lower impact on blood sugar levels. This increasing awareness associated with the consumption of coconut flour acts as one of the primary catalysts for market growth, which is projected at a CAGR of almost 8% during the forecast period.
The increasing demand for gluten-free products is one of the key market trends expected to gain traction in the market. Consumers have increased the adoption of gluten-free food and beverages, owing to the continuously evolving shopping patterns of the consumers coupled with their rising purchasing power. Such a rising demand for gluten-free products will fuel the growth of the coconut flour market in the forthcoming years.
Top coconut flour companies covered in this market research report
The coconut flour market is moderately fragmented with companies focusing on offering coconut flour products through online distribution channels to enhance their profitability. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this coconut flour industry analysis report is designed to aid clients to assess the market potential and form effective business strategies to strengthen their position in the market.
The report offers a complete analysis of various companies including:
- Celebes Coconut Corporation
- Groovy Food Company
- Nutiva
- Primex Group of Companies
- TIANA Fair Trade Organic
- Van Amerongen & Son
Coconut flour market segmentation based on geographic regions
- Americas
- APAC
- EMEA
The Americas will account for the highest share of this market throughout the forecast period. The region is expected to account for the largest revenue owing to the increasing awareness of gluten-free products such as coconut flour in the advanced economies including the US and Canada.
Coconut flour market segmentation based on type
- Conventional flour
- Organic flour
The conventional coconut flour segment will account for the highest share in the market. Additionally, the report will provide an accurate prediction of the contribution of the various coconut flour type segments to the growth of the coconut flour market size.
Key highlights of the global coconut flour market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the coconut flour market during the next five years
- Precise estimation of the global coconut flour market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the coconut flour industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the coconut flour companies
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