The vegan flour market is projected to expand its roots at an average CAGR of 4.0% during the forecast period. The market is likely to hold a revenue of US$ 1.51 billion in 2023 while it is anticipated to cross a value of US$ 2.18 billion by 2033.
Vegan flour is expected to witness an upsurge in demand as consumer inclination toward naturally sourced products increases. The emerging trend of veganism and consumer awareness regarding cruel practices that are used to drive animal-based ingredients is expected to fuel sales of vegan flour.
Many foods and beverage companies have developed variants that are vegan, gluten-free, and fat-free. Snacking products like pizza and pasta are also available in vegan variants. This is expected to push the demand for vegan flour.
Manufacturers are focusing on developing healthy versions of processed food as the demand for vegan products is at its peak. Consumers have become label conscious and they analyze different ingredients that are sourced to produce final products. Companies are maintaining transparency by printing the production methods and sourcing raw materials used to derive the final product.
Key players are also focusing on packaging to enhance the shelf life of flour and to prevent the product from being contaminated by termites. Increasing preference for digestive health is compelling manufacturers to develop products that contain prebiotic ingredients like fibers. This is expected to augment the growth in the market.
| Attributes | Details |
|---|---|
| Vegan Flour Market CAGR (2023 to 2033) | 4.0% |
| Vegan Flour Market Size (2023) | US$ 1.51 billion |
| Vegan Flour Market Size (2033) | US$ 2.18 billion |
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Demand in the global vegan flours market is slated to decrease at a 4.0% CAGR over the forecast period, in comparison with the 5.6% CAGR registered from 2018 to 2022. Vegan flours are plant-based ingredients that can be used in baking recipes instead of eggs and dairy products. Contrary to animal-based flours, these flours are gluten-free because they are made from plants. They are highly preferred by consumers that have dietary restrictions.
Some vegan flours available in the market are oat flour which is made by processing whole oats that contain more than 50% of carbs and proteins and low levels of phytic acid. Tapioca flour is used as a thickener in soups and sauces. It provides a creamy texture and adds a delicate sweetness to the product hence, it is used to bake cookies and cakes, candies, and fruit snacks.
Some innovative products like banana flour are being adopted in various recipes for weight management. It is produced from unripened bananas and is a healthy alternative to normally used wheat flour. Due to its high starch content, it is used to maintain blood sugar levels.
The increasing prevalence of disorders such as obesity, diabetes, and high blood pressure is compelling consumers to prefer products that are healthy and nutritious to strengthen the gut and boost body immunity.
People perceive organic food as a safe and healthy alternative to synthetically produced food products that contain chemical additives. The ongoing development of innovative and nutritious snacks is expected to push the demand for vegan products. This is expected to positively impact the demand for vegan flour globally.
Until now consumers had to compromise on taste if the food products were rich in nutritional content. In response to this, many key players are improving the quality and taste of vegan alternatives. They are investing in research and development to develop flavors that are gluten-free and high quality. Organically derived flour makes bread a fiber-full and protein-rich substitute that has enhanced taste and flavor.
Vegan flours are gluten-free and can be consumed by diabetic patients. Many cafes and restaurants have curated specific vegan dishes. Different varieties of vegan flours available in the market are sourced from tofu, chickpeas, rice, and lentils. Easy availability of these flours might continue boosting sales over the forecast period.
Principal Consultant
| Country | Revenue Share % (2023) |
|---|---|
| The United States | 31.5% |
| Germany | 16.0% |
| Japan | 1.4% |
| Australia | 0.3% |
| Country | CAGR % (2023 to 2033) |
|---|---|
| China | 10.0% |
| India | 9.0% |
| The United Kingdom | 11.0% |
Growing Adoption of All-Purpose Vegan Flour in the United States might Augment the Growth
The increasing popularity of vegan flour in the United States is expected to place it in an attractive market over the forecast period. Consumers are seeking nutritious food products, which is expected to drive the demand for oat flour which is highly fibrous. The United States held a market share of 31.5% in 2023.
Easy availability of vegan flour at supermarkets, hypermarkets, wholesalers, and online channels is expected to push sales of vegan flour. Consumers are incorporating healthy food products that help to boost the immune system and reduce the risk of disorders such as obesity and high blood pressure. As per FMI, the United States vegan flour market reached a valuation of US$ 192 million in 2022, holding 24% of the global vegan flour market.
Increasing Emergence of Vegan Flour Brands in India is Spurring Demand
Rising awareness regarding the benefits of consuming organic products is expected to push the demand for vegan flour in India market. Most consumers in India consume a vegetarian diet. This is expected to create opportunities for growth for market players. India’s market is estimated to thrive at a CAGR of 9.0% between 2023 and 2033.
Wheat flour is used extensively as it is a staple food in India. As the demand for ready-to-eat products, confectionery, and bakery products rises, sales of vegan flour are expected to increase in tandem. As per the report, India vegan flour market witnessed US$ 98 million in 2022, holding around 18% of the global vegan flour market share.
Rising Demand for Vegan Dressings is Boosting Sales of Vegan Tapioca Flour in Germany
Increasing preference for plant-based products in Germany is expected to augment the growth in the market over the assessment period. Brands are offering different product variants to fulfill the demand for plant-based food products, which is expected to drive sales of vegan flour. Germany’s vegan flour market held a share of 16.0% in 2022.
The United Kingdom is estimated to thrive at a CAGR of 11.0% between 2023 and 2033. The growth is attributed to a large number of vegan campaigns along with the citizen’s awareness of animal cruelty. In addition to this, a change in consumer lifestyle and increasing expenditure on organic products is expected to drive Germany vegan flour market through 2033.
| Category | By Product Type |
|---|---|
| Leading Segment | Soy Flour |
| Market Share (2023) | 45% |
| Category | By Nature Type |
|---|---|
| Leading Segment | Organic |
| Market Share (2023) | 21% |
| Category | By Application |
|---|---|
| Leading Segment | Bakery Products |
| Market Share (2023) | 32% |
Surging Demand from Bakeries is Going to Fuel Sales of Vegan Flour
By application, the consumption of bakery products is expected to account for 32% of the total market share. Vegan flours are primarily used in baking bread, cakes, bread rolls, and pizza bases as they offer a distinct texture, taste, and aroma. Different nut flours are also available that are made from almond, hazelnut, and peanuts that have distinctive nutty flavors. Increasing preference for vegan products in the bakery sector might continue pushing sales in the market.
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Key companies operating in the global vegan flour market investing in research and development to improve their product portfolios. They are also aiming at production facility expansions through mergers, acquisitions, and collaborations.
Market Developments:
The market is likely to register a growth of 4.0% through 2033.
The market is estimated to secure a valuation of US$ 1.51 billion in 2023.
The market is projected to be valued at for US$ 2.18 billion by 2033.
Key players are developing the market by expanding their product offerings.
Archer Daniels Midland Company, Conagra Brands, and Ingredion Incorporated are the key companies in the market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Soy Flour
5.3.2. Oat Flour
5.3.3. Quinoa and Rice Flour
5.3.4. Nut-based Flour
5.3.5. Cereal based flour
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Nature, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Nature, 2023 to 2033
6.3.1. Organic
6.3.2. Conventional
6.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Bakery Products
7.3.2. Soups
7.3.3. Sauces
7.3.4. Dressings
7.3.5. Confectionaries
7.3.6. Functional Foods
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Nature
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Nature
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Nature
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Nature
10.3.4. By Application
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Type
11.2.3. By Nature
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Nature
11.3.4. By Application
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Type
12.2.3. By Nature
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Nature
12.3.4. By Application
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Type
13.2.3. By Nature
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Nature
13.3.4. By Application
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Type
14.1.2.2. By Nature
14.1.2.3. By Application
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Type
14.2.2.2. By Nature
14.2.2.3. By Application
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Type
14.3.2.2. By Nature
14.3.2.3. By Application
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Type
14.4.2.2. By Nature
14.4.2.3. By Application
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Type
14.5.2.2. By Nature
14.5.2.3. By Application
14.6. U.K.
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Type
14.6.2.2. By Nature
14.6.2.3. By Application
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Type
14.7.2.2. By Nature
14.7.2.3. By Application
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Type
14.8.2.2. By Nature
14.8.2.3. By Application
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Type
14.9.2.2. By Nature
14.9.2.3. By Application
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Type
14.10.2.2. By Nature
14.10.2.3. By Application
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Type
14.11.2.2. By Nature
14.11.2.3. By Application
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Type
14.12.2.2. By Nature
14.12.2.3. By Application
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Type
14.13.2.2. By Nature
14.13.2.3. By Application
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Type
14.14.2.2. By Nature
14.14.2.3. By Application
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Type
14.15.2.2. By Nature
14.15.2.3. By Application
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Type
14.16.2.2. By Nature
14.16.2.3. By Application
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Type
14.17.2.2. By Nature
14.17.2.3. By Application
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Type
14.18.2.2. By Nature
14.18.2.3. By Application
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Type
14.19.2.2. By Nature
14.19.2.3. By Application
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Type
14.20.2.2. By Nature
14.20.2.3. By Application
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
15.3.3. By Nature
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Conagra Brands, Inc
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Cargill, Incorporated
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Archer Daniels Midland Company
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Ardent Mills LLC
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Spectrum Essentials
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Flour Farm's
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Let's Do Organic
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Bob's Red Mill
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. King Arthur Flour Company
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Arrowhead Mills
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Vegan Flour Market
