Coconut flour is not only a gluten-free flour, it’s also grain free. Made from the meat of coconuts after the milk has been removed, coconut flour is loaded with nutrients that offer numerous health benefits. It’s high in fiber and fairly high in protein too. Adding coconut flour to your food intake can significantly reduce your cholesterol levels and even help regulate blood sugar. It can also reduce your risk of developing heart disease, diabetes and certain types of cancer.