Coconut Flour Market Evolution via Extruded Products and Functional Food Blends

The global coconut flour market growth reached US$ 3.48 billion in 2022 and is expected to reach US$ 6.20 billion by 2031, growing at a CAGR of 7.49% from 2024 to 2031.
Coconut flour is a gluten-free, high-fiber flour made from dried coconut meat and is gaining popularity among health-conscious consumers, as well as in plant-based, keto, paleo and gluten-free diets.

Download Sample PDF :

Market Segmentation

• By Form: Low-Fat High-Fiber Flour; Medium-Fat Flour; Whole/Full-Fat Flour.
  
  

• By Nature: Organic; Conventional.
  
  

• By Distribution Channel: Supermarkets/Hypermarkets; Grocery Stores; Specialty Stores; E-Commerce; Others.
  
  

• By Application: Snack Foods; Baked Products; Animal Feed; Extruded Products; Others.
  
  

• By Region: North America; Europe; Asia-Pacific; South America; Middle East & Africa.
  
  

Regional Insights

• Asia-Pacific: Holds the largest share of the market, driven by abundant raw material availability, rising disposable incomes, and increased adoption of health-oriented diets.
  
  

• North America & Europe: Strong demand due to consumer awareness of gluten-free, high-fiber and specialty food products.
  
  

• South America & Middle East & Africa: Emerging markets with potential for growth though hampered by supply-chain and cost issues.
  
  

Key Market Drivers

• Rising demand for gluten-free and specialty diet ingredients: Growing awareness of celiac disease, gluten intolerance and low-carb diets is boosting coconut flour demand.
  
  

• Health & wellness trends: Coconut flour’s high fiber, low carbohydrate content and clean-label appeal make it popular among health-conscious consumers.
  
  

• Plant-based and sustainable food trends: As interest in plant-based diets and sustainable ingredients grows, coconut flour gains relevance as an alternative to traditional wheat flour.
  
  

• Product innovation and expanded applications: Use of coconut flour in baked goods, snacks, extruded products and other applications is broadening its market.
  
  

Market Challenges

• High production and logistics cost: Processing coconuts into flour is labour-intensive and requires specialised equipment, leading to higher costs compared with some traditional flours.
  
  

• Raw material supply constraints: Dependence on tropical regions for coconut raw material can pose supply and cost risks.
  
  

• Competition from other specialty flours: Almond flour, oat flour, cassava flour and others compete for the same health-oriented segments.
  
  

Leading Market Players

Key companies in the coconut flour market include:

• Glanbia Plc
  
  

• The Coco Factory
  
  

• Sattvic Foods
  
  

• Phildesco Inc.
  
  

• EuroCompany 99
  
  

• Royce Food Corporation
  
  

• The Coconut Company
  
  

• Coco Goods
  
  

• American International Foods, Inc.
  
  

• Bata Foods
  
  

These companies focus on product innovation (organic variants, specialty flours), expanding distribution, and marketing to health-conscious consumers.

Recent Industry Developments

• Launch of certified organic coconut flour products and partnerships to meet consumer demand for healthier and ethical ingredients.
  
  

• Expansion of manufacturing and distribution in key producing regions (e.g., Asia-Pacific) to better serve the global market.
  
  

• Broadening applications of coconut flour in new product formats (snacks, baked goods, extruded foods) to drive usage.
  
  

Conclusion

The coconut flour market is poised for meaningful growth, supported by dietary trends focusing on health, gluten-free, and plant-based foods. With the market projected to grow to US$ 6.20 billion by 2031, it presents substantial opportunities for ingredient manufacturers, food-product developers and retailers. Companies that prioritise cost-effective production, strong supply-chains, and targeted health-oriented marketing are well-positioned to capitalise on this growth.