Know Worldwide specifications of the Global Vegan Flour Market Size 2023-2033 | Top Key Players: Namaste Foods, Puratos Group, Outrageous Baking, Nutiva, Blue Diamond Growers, Pillsbury Company, Bob's Red Mill Natural Foods, Archer Daniels Midland Company

According to a research report published by Spherical Insights & Consulting, The Global Vegan Flour Market is Expected to Grow from USD 1.49 Billion in 2023 to USD 2.20 Billion by 2033, at a CAGR of 3.97% during the forecast period 2023-2033.

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The global market for all plant-based flours used as substitutes for conventional wheat flour in various culinary applications is known as the vegan flour market. These flours are derived from a mix of sources created from almonds, coconuts, chickpeas, oats, rice, and other grains or legumes. Vegan flours are mainly used by vegan, gluten-free, or health-conscious dieters, since they are animal-derived ingredient-free, and can have such benefits as higher protein content, lower carbs, or even added nutrition. Moreover, more people are turning to plant-based diets for ethical, environmental, and health reasons. The demand for vegan alternatives in food products has increased accordingly, and among them, vegan flours, which are derived from plant-based ingredients, play an important role in this trend. Many such vegan flours include good sources of protein, fiber, and vitamins with minerals in them that would be attractive to health-conscious consumers: almond flour, chickpea flour, oat flour, etc. However, most of the vegan flours are from almonds, coconut, or chickpeas and thus cost more than wheat flour to produce. These products therefore fetch higher retail prices that are beyond the reach of many consumers.

The almond flour segment accounted for the biggest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the vegan flour market is divided into almond flour, coconut flour, chickpea flour, rice flour, and oat flour. Among these, the almond flour segment accounted for the biggest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to almond flour being extremely versatile. The product is known to be used in many sweet, savory, and some combinations to add a generic appeal that satisfies consumers. It is used in various baked goods, from cakes, cookies, pancakes, muffins, and even bread. This ability to be used in different categories of food helps further explain its leading position in the market.

The baking segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the vegan flour market is divided into baking, cooking, thickening agents, and nutritional supplements. Among these, the baking segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the increasing demand from consumers for vegan, gluten-free, and low-carb baked goods, which has driven vegan flours significantly. Most of the applications are almond flour, coconut flour, oat flour, and rice flour. Vegan, gluten-free, and plant-based diets are gaining popularity, resulting in a high demand for vegan alternatives in baked goods.

The household segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end user, the vegan flour market is divided into household, food service, and food industry. Among these, the household segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is attributed to many consumers choosing to make their own vegan and gluten-free products at home, including bread, cakes, and cookies. The increase in DIY baking, particularly among health-conscious communities, greatly contributes to the household segment's lead.

North America holds the majority share of the global vegan flour market during the forecast period.

North America holds the majority share of the global vegan flour market during the forecast period. North America, particularly the US, is the leading shareholder of the global vegan flour market. This is majorly due to the high demand for plant-based, gluten-free, and health-conscious products along with the popularization of diets such as vegan, , and gluten-free. Plant-based diets are growing rapidly in the U.S. and Canada, and consumers are increasingly looking for alternatives to traditional wheat flour, which is a key driver of demand for vegan flour.

Europe is estimated to grow at the fastest pace in the global vegan flour market during the forecast period. In Europe, especially the UK, Germany, and France, experiencing rapid growth in the vegan flour market, due to the adoption of plant-based diets, rising popularity of gluten-free products, and an ever-increasing focus on health and sustainability. Europe has seen an increase in veganism and plant-based eating. Many countries lead global trends for vegan food products, driving the demand for vegan flour used in baking and cooking.

Major vendors in the global vegan flour market are Hodgson Mill, Stuart, and Co., King Arthur Flour Company, Namaste Foods, Puratos Group, Outrageous Baking, Nutiva, Blue Diamond Growers, Pillsbury Company, Bob's Red Mill Natural Foods, Archer Daniels Midland Company, Doves Farm Foods, Others.

Key Target Audience

Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)

Key Market Development

In June 2023, Ardent Mills, a leading flour miller and ingredients firm in the United States, announced two new items: Ardent Mills Egg Replace along Ancient Grains Plus Baking Flour Blend. Ardent Mills states that the product is an all-purpose egg-replacement solution that comprises only four ingredients, including gluten-free and vegan chickpea flour, free from significant food allergens as well as components of soy. The firm developed innovative, cost-effective solutions that provided optimal taste, function, and ease of use in bakery applications.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the vegan flour market based on the below-mentioned segments:

Global Vegan Flour Market, By Type
Almond Flour
Coconut Flour
Chickpea Flour
Rice Flour
Oat Flour

Global Vegan Flour Market, By Application
Baking
Cooking
Thickening Agent
Nutritional Supplements

Global Vegan Flour Market, By End User
Household
Food Service
Food Industry

Global Vegan Flour Market, By Regional
North America
US
Canada
Mexico

Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific
China
Japan
India
South Korea

Australia
Rest of Asia Pacific
South America
Brazil
Argentina

Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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This release was published on openPR.