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Coconut Flour Market Segmented By Organic and Conventional nature in Low fat high fiber flour, Medium Fat Flour and Whole Full Fat Flour form
Coconut fruit is a versatile food product which is widely used for in different form for different purposes. Coconut flour is also increasingly becoming the vital ingredients in food and beverages industry. Apart from health and nutritional properties, coconut flour also provides a vibrant taste to the end products.
As the taste and nutrition trend is firmly impacting the consumer’s food choices, the coconut flour is rising as a reliable option to provide a combination of both. Moreover, the growing health awareness across the world, especially in developed countries is also promoting its use in western food products.
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Coconut flour market is driven by the growing gluten intolerance among the consumers which increase the use of gluten-free coconut flour. Gluten intolerance led to different health problems such as coeliac disease, bloating, diarrhea, and others. Coconut flour is gluten-free and suitable to replace with other gluten added flours.
For instance, gluten-free coconut flour is emerging as a reliable substitute of wheat flour contain a high amount of gluten. Furthermore, the growing use of coconut flour in bakery products is also a contributing factor to the substantial growth of global coconut flour market.
Additionally, coconut flour also becoming the vital ingredients for those who are adopting the low fat and high fiber diets as coconut flour contains the high amount of soluble fiber. However, the availability of the high number of substitutes of coconut flour is hampering the growth of global coconut flour market.
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Some of the key players of coconut flour market are Bob’s Red Mill Natural Food, Celebs Coconut Corporation, Connecticut Coconut Company, Healthy Traditions, The Coconut Company, Nutiva, Inc, Smith Naturals, Van Amerongen & Son, The Coco Factory, Ketofy, and others.
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Since the demand for nutritional and healthy food is growing at the global level, the market participants will be getting a beneficial opportunity in the global coconut flour market during the forecast period. Coconut flour offers numerous health benefit such as weight management, gluten-free, and others.
Furthermore, coconut flour increasingly becoming the vital part of the low car and high fiber diets which is also could create enough buzz for coconut flour. This is offering a profitable market scenario to the manufacturers in the global coconut flour market.
South Asia is expected to dominate the global coconut flour market by value share owing to the availability of a higher consumption rate of coconut products in the region. Whereas North America, is followed by South Asia is also showing a significant value share in the global coconut flour market and the prime growth aspect is the high number of manufacturers of coconut flour.
However, Europe and Latin Asia are witnessing the highest growth in the global coconut flour market attributable to increasing per capita expenditure on healthy and nutritional food and beverages products along with growing health consciousness in these regions.
The COVID-19 is increasingly speeding across the world and also lowering the growth of global economy. Food and beverage industry is also witnessing the substantial impact of this global pandemic which have resulted the reduced sales of food and beverage products. Coconut flour is majorly produced from the processing of coconut meat.
As the production of major food processing items has been stopped due to spread coronavirus infected disease, the production of coconut flour also affected. Furthermore, the lower agriculture production has also disrupted the supply of the coconut. Hence, COVID-19 would have the moderate to high impact on coconut flour market.
