The coconut candy market in Europe is expected to grow from US$ 389.96 million in 2022 to US$ 567.95 million by 2028. It is estimated to grow at a CAGR of 6.5% from 2022 to 2028.
Rising Consumption of Coconut-Based Products
Coconut-based products are gaining considerable popularity among consumers owing to the health benefits and unique nutty flavor of coconut. Coconut consumption helps improve bone, skin, and heart health; boost immunity; and aid weight loss. It is a rich source of dietary fibers, vitamins, minerals, and medium-chain triglycerides. Its antimicrobial properties are being studied for various health and nutritional benefits. Many consumers prefer coconut-based products as they have a slightly mild and exotic flavor with sweet notes. Manufacturers are using coconut in a variety of food and beverages including candies, chocolates, bakery products, and beverages. Firmenich, a leading flavor and fragrances company, announced coconut as its “2016 Flavor of the Year.” Moreover, the demand for plant-based and 100% natural ingredients has surged with an increase in health concerns among people. Coconut candies are becoming highly popular among consumers as these candies satisfy sweet cravings and boost mood. Hectic lifestyles and busy work schedules refrain people from spending time on food indulgence. As a result, they indulge in comfort food and beverages that provide them a sense of relief. Further, the trend of gifting premium chocolate boxes that include coconut confections is rising. Thus, the rising consumption of coconut-based products coupled with increasing popularity of coconut flavored confections among consumers is driving the growth of the Europe coconut candy market.Market Overview
Europe Coconut Candy Market Segmentation
TheEurope coconut candy market is segmented into product type, category, distribution channel, and country.- Based on product type, the market is bifurcated into chocolate coconut candy and non-chocolate coconut candy. The chocolate coconut candy segment registered the larger market share in 2022.
- Based on category, the market is bifurcated into sugar-free and conventional. The conventional segment held a larger market share in 2022.
- Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held the largest market share in 2022.
- Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Europe Coconut Candy Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Europe Coconut Candy Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Consumption of Coconut-Based Products
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 High Sugar Content of Conventional Coconut Candies
5.3 Market Opportunities
5.3.1 Surging Demand for Sugar-Free and Organic Coconut Candies
5.4 Future Trends
5.4.1 Consumer Inclination Toward Vegan Candies
5.5 Impact Analysis of Drivers and Restraints
6. Coconut Candy - Europe Market Analysis
6.1 Europe Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
7. Europe Coconut Candy Market Analysis - By Product Type
7.1 Overview
7.2 Europe Coconut Candy Market Breakdown, by Product Type, 2021 & 2028
7.3 Chocolate Coconut Candy
7.3.1 Overview
7.3.2 Chocolate Coconut Candy: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Chocolate Coconut Candy
7.4.1 Overview
7.4.2 Non-Chocolate Coconut Candy: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
8. Europe Coconut Candy Market Analysis - By Category
8.1 Overview
8.2 Europe Coconut Candy Market Breakdown, by Category, 2021 & 2028
8.3 Sugar-Free
8.3.1 Overview
8.3.2 Sugar-Free: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
9. Europe Coconut Candy Market Analysis - By Distribution Channel
9.1 Overview
9.2 Europe Coconut Candy Market Breakdown, by Distribution Channel, 2021 & 2028
9.3 Supermarkets & Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets & Hypermarkets: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
10. Europe Coconut Candy Market - Country Analysis
10.1 Overview
10.1.1 Europe: Coconut Candy Market, by Key Country
10.1.1.1 Germany: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Coconut Candy Market, by Product Type
10.1.1.1.2 Germany: Coconut Candy Market, by Category
10.1.1.1.3 Germany: Coconut Candy Market, by Distribution Channel
10.1.1.2 France: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Coconut Candy Market, by Product Type
10.1.1.2.2 France: Coconut Candy Market, by Category
10.1.1.2.3 France: Coconut Candy Market, by Distribution Channel
10.1.1.3 Italy: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Coconut Candy Market, by Product Type
10.1.1.3.2 Italy: Coconut Candy Market, by Category
10.1.1.3.3 Italy: Coconut Candy Market, by Distribution Channel
10.1.1.4 United Kingdom: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 United Kingdom: Coconut Candy Market, by Product Type
10.1.1.4.2 United Kingdom: Coconut Candy Market, by Category
10.1.1.4.3 United Kingdom: Coconut Candy Market, by Distribution Channel
10.1.1.5 Russia: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Coconut Candy Market, by Product Type
10.1.1.5.2 Russia: Coconut Candy Market, by Category
10.1.1.5.3 Russia: Coconut Candy Market, by Distribution Channel
10.1.1.6 Rest of Europe: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Coconut Candy Market, by Product Type
10.1.1.6.2 Rest of Europe: Coconut Candy Market, by Category
10.1.1.6.3 Rest of Europe: Coconut Candy Market, by Distribution Channel
11. Industry Landscape
11.1 Product launch
11.2 Expansion
11.3 Collaboration
11.4 Company News
12. Company Profiles
12.1 Ferrero International S.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 The Hershey Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Mars Incorporated
12.3.1 Key acts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Chocoladefabriken Lindt and Spruengli AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Unreal Brands Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Alfred Ritter GmbH & Co. KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Godiva
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Weetabix Food Co.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Tables
Table 1. Europe Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Coconut Candy Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Coconut Candy Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Coconut Candy Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 5. France Coconut Candy Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. France Coconut Candy Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 7. France Coconut Candy Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy Coconut Candy Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Coconut Candy Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Coconut Candy Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 11. United Kingdom Coconut Candy Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. United Kingdom Coconut Candy Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 13. United Kingdom Coconut Candy Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Coconut Candy Market, by Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Coconut Candy Market, by Category- Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Coconut Candy Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Coconut Candy Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Coconut Candy Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Coconut Candy Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
List of Figures
Figure 1. Europe Coconut Candy Market Segmentation
Figure 2. Europe Coconut Candy Market Segmentation - By Country
Figure 3. Europe Coconut Candy Market Overview
Figure 4. Europe Coconut Candy Market, By Product Type
Figure 5. Europe Coconut Candy Market, By Country
Figure 6. Europe Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Coconut Candy Market, Ecosystem
Figure 9. Europe Coconut Candy Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe: Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Coconut Candy Market Breakdown, by Product Type, 2021 & 2028
Figure 12. Chocolate Coconut Candy: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Non-Chocolate Coconut Candy: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Coconut Candy Market Breakdown, by Category, 2021 & 2028
Figure 15. Sugar-Free: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Conventional: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Coconut Candy Market Breakdown, by Distribution Channels, 2021 & 2028
Figure 18. Supermarkets & Hypermarkets: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Convenience Stores: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Online Retail: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Europe Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Coconut Candy Market Revenue Share, by Key Country- Revenue (2021) (US$ Million)
Figure 23. Europe: Coconut Candy Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Germany: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
Figure 27. United Kingdom: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alfred Ritter GmbH & Co. KG
- Chocoladefabriken Lindt and Spruengli AG
- Ferrero International S.A.
- Godiva
- Mars Incorporated
- The Hershey Company
- Unreal Brands Inc.
- Weetabix Food Co.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 105 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 389.96 Million |
| Forecasted Market Value ( USD | $ 567.95 Million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Europe |
