Global Vegan Flour Market Insights Forecasts to 2033

• The Global Vegan Flour Market Size was estimated at USD 1.49 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 3.97% from 2023 to 2033
• The Worldwide Vegan Flour Market Size is Expected to Reach USD 2.20 Billion by 2033
• Europe is expected to grow the fastest during the forecast period.

The global vegan flour market size was worth around USD 1.49 billion in 2023 and is predicted to grow to around USD 2.20 billion by 2033 with a compound annual growth rate (CAGR) of 3.97% between 2023 and 2033. The market is driven by consumer interest and demand for a vegan and plant-based diet, health benefits, sustainability, and an increase in gluten-free and allergen-friendly options.

Market Overview

The vegan flour market is an industry that offers flour products exclusively for vegan diets. Those flours are plant-based, free from dairy and eggs, and without any gelatin content. As alternatives for baking, cooking, and other food processes, vegan flours tend to cater to individuals who consume vegan, plant-based, or dairy-free lifestyles. It is used in making a variety of recipes, ranging from baked products such as cakes, cookies, and bread to savory products such as pancakes, pasta, and thickened sauces. The demand for vegan flour is likely to increase due to the rising trend of consumers toward naturally sourced products. Increasing awareness among consumers regarding cruel practices that are used to drive animal-based ingredients will drive sales of vegan flour, in line with the emerging trend of veganism. Moreover, most food and drink companies have developed versions that are vegan, gluten-free, or fat-free. Vegan variants of snacking products such as pizza and pasta are even available; this will increase the demand for vegan flour. The vegan flour market is flourishing due to a confluence of various factors such as a rising vegan population, diet-related sensitivities, and interest in sustainable and plant-based foods. As the market continues to develop, incumbent and new players alike will find opportunities for innovation in developing novel vegan flour products that suit consumer tastes.

 Report Coverage

This research report categorizes the vegan flour market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the vegan flour market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the vegan flour market.

Driving Factors

Consumers are now becoming conscious of the health aspects and demanding lower-calorie, sugar, or fat levels in products. Many flours from plants, like almond flour or chickpea flour, are not only higher in protein and fiber but also in healthy fats, which carries the current trend of health and wellness. The demand for plant-based products is witnessing a remarkable upsurge within the vegan flour market industry, with more and more consumers adopting vegan and vegetarian diets. A significant number of consumers have become aware of the health benefits associated with plant-based eating, which include reduced risks of chronic diseases, better digestion, and effective weight management.

Restraining Factors

Many vegan flours, especially specialty ones such as almond flour, coconut flour, or chickpea flour, are produced at a cost that is relatively higher than wheat flour. Also, some people may not even know about this diversity and rich variety of flour. A complete lack of education or false preconceptions by consumers about utilizing these flours in daily culinary and baking needs may restrain its market growth further.

Market Segmentation

The vegan flour market share is classified into type, application, and end user.

• The almond flour segment accounted for the highest 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 highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to its high content of protein, healthy fats, and fiber. It's gluten-free and is low in carbohydrates and full of vitamins and minerals, thus propelling its entry into most trends such as the keto diet, paleo diets, and many low-carb diets. Almond flour is highly versatile. It can be used both for sweet and savory recipes. Its wide use ranges from cakes to cookies, pancakes to muffins, and even to bread. The versatility across several food categories accounts for its supremacy in the market.

• The baking segment accounted for the majority 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 majority share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the vegan flour found in most baked goods, such as bread, cakes, cookies, muffins, and pastries. Increasing demand from consumers for vegan, gluten-free, and low-carb baked goods has highly driven the usage of vegan flour. Almond flour, coconut flour, oat flour, and rice flour are popular in such products, thereby increasing the baking segment.

• 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 segmental growth is due to more people turning towards plant-based diets or conscious dietary choices, which involve gluten-free, low-carb, and vegan diets. Due to this reason, families are increasingly buying vegan flour to bake and cook at home. Vegan flours are now becoming increasingly available across supermarkets, health food stores, and the online market. Consumers can now acquire these flours easily through any retail outlet around them.

Regional Segment Analysis of the Vegan Flour Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the vegan flour market over the predicted timeframe.

North America is anticipated to hold the largest share of the vegan flour market over the predicted timeframe.  The high demand for plant-based, gluten-free, health-conscious goods and the increasingly popular vegan, keto, and gluten-free diets, a healthy culture regarding eating in North America is also reaching for vegan and gluten-free flour in their food regularly. Almond flour, coconut flour, and many other flours are used by consumers in their home baking and packaged foods. Most supermarkets, health food stores, and online platforms provide vegan flours, which contribute to the dominance of the region in the market.

Europe is expected to grow at a rapid CAGR in the vegan flour market during the forecast period. Europe has experienced a significant surge in veganism and plant-based eating, with the majority of countries being global trend leaders in vegan food products. Improving the adoption of plant-based diets, the growing popularity of gluten-free products, and health and sustainability awareness contribute to an increasing demand for vegan flour for baking and cooking.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the vegan flour market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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)

Recent Development

• In March 2024, Supplant Foods, an Indian food ingredient company, patented its innovative chickpea processing technology, this technology develops chickpea flour with enhanced protein functionality using precision fermentation techniques. It is sold as an egg and dairy substitute in baked goods, made by reformulating chickpea flour to act like egg proteins.

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 Analysis

• 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 and Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East and Africa