Coconut Candy Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type, Category, and Distribution Channel

List of Tables

The coconut candy market is expected to grow from US$ 1,364.87 million in 2022 to US$ 1,881.64 million by 2028. It is expected to grow at a CAGR of 5.5% from 2022 to 2028.

Coconut candy is manufactured using various forms of coconut, including cream, milk, grated coconut, flakes, and condensed milk, along with sugar or malt syrup. It can also be prepared by mixing coconut with nougat and enrobing it with chocolate or glazes. Differences in ingredient ratio lead to variations in the taste and texture of coconut candies.

Based on category, the coconut candy market is segmented into sugar-free and conventional. In 2021, the conventional segment held the largest market share, while the sugar-free segment is expected to register a higher CAGR during the forecast period. Sugar-free coconut candies are made with artificial sweeteners or sugar substitutes such as saccharin, aspartame, and sucralose, instead of table sugar. In terms of geography, the overall coconut candy market is segmented into Asia Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2021, Asia Pacific held the largest share of the market, whereas Europe is expected to register the fastest CAGR during the forecast period. The growth of the coconut candy market in Asia Pacific is attributed to the increasing disposable income of people and the rising demand for confectionery in developing economies in this region. The growth of the market in Europe is attributed to the elevating demand for functional and innovative confectionery.

The COVID-19 pandemic affected economies and industries in various countries across all continents, mainly due to lockdowns, travel restrictions, and business shutdowns embraced by governments to keep their population safe. These measures led to disturbances in global supply chains, manufacturing activities, delivery schedules, and essential and non-essential product sales. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. Further, the bans imposed by governments of the US, China, India, Germany, and Italy, among others, on international travel forced several companies to discontinue their collaboration and partnership plans. All these factors hampered the food & beverages industry in 2020 and early 2021, thereby restraining the growth of various markets related to this industry, including the coconut candy market. For instance, in India, the Agricultural Produce Market Committee (APMC), i.e., the coconut, copra, and coconut-based product dealing market, was shut down in 2020.

Ferrero International S.A; The Hershey Company; Russell Stover Chocolates, LLC.; Mars Incorporated; Chocoladefabriken Lindt and Spruengli AG; Unreal Brands Inc.; Alfred Ritter GmbH & Co. KG; Tru Fru LLC.; Godiva; and Weetabix Food Co. are among the leading players in the coconut candy market. These companies are adopting strategies such as mergers and acquisitions, and product launches to expand their geographic presence and consumer bases.

The overall coconut candy market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants-including valuation experts, research analysts, and key opinion leaders-specializing in the coconut candy market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Global coconut candy market

Highlights key business priorities in order to assist companies to realign their business strategies

The key findings and recommendations highlight crucial progressive industry trends in the Global coconut candy market, thereby allowing players across the value chain to develop effective long-term strategies

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

Scrutinize in-depth global market trends and outlook coupled with the factors driving the coconut candy market as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: TIPRE00029761

1. Introduction

1.1 Study Scope
1.2 The Insight Partners 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. 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. 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 - Global Market Analysis

6.1 Coconut Candy Market Overview
6.2 Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning - Key Market Players

7. Global Coconut Candy Market Analysis - By Product Type

7.1 Overview
7.2 Global Coconut Candy Market Breakdown, by Product Type, 2021 & 2028
7.3 Chocolate Coconut Candy
- 7.3.1 Overview
- 7.3.2 Chocolate Coconut Candy: Global 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: Global Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)

8. Global Coconut Candy Market Analysis - By Category

8.1 Overview
8.2 Global Coconut Candy Market Breakdown, by Category, 2021 & 2028
8.3 Sugar-Free
- 8.3.1 Overview
- 8.3.2 Sugar-Free: Global Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
- 8.4.1 Overview
- 8.4.2 Conventional: Global Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)

9. Global Coconut Candy Market Analysis - By Distribution Channel

9.1 Overview
9.2 Global Coconut Candy Market Breakdown, by Distribution Channel, 2021 & 2028
9.3 Supermarkets & Hypermarkets
- 9.3.1 Overview
- 9.3.2 Supermarkets & Hypermarkets: Global Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
- 9.4.1 Overview
- 9.4.2 Convenience Stores: Global Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
- 9.5.1 Overview
- 9.5.2 Online Retail: Global Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Global Coconut Candy Market - Revenue and Forecast to 2028 (US$ Million)

10. Coconut Candy Market - Geographic Analysis

10.1 Overview
10.2 North America: Coconut Candy Market
- 10.2.1 North America: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
- 10.2.2 North America: Coconut Candy Market, by Product Type
- 10.2.3 North America: Coconut Candy Market, by Category
- 10.2.4 North America: Coconut Candy Market, by Distribution Channel
- 10.2.5 North America: Coconut Candy Market, by Key Country
  - 10.2.5.1 US: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.1.1 US: Coconut Candy Market, by Product Type
    - 10.2.5.1.2 US: Coconut Candy Market, by Category
    - 10.2.5.1.3 US: Coconut Candy Market, by Distribution Channel
  - 10.2.5.2 Canada: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.2.1 Canada: Coconut Candy Market, by Product Type
    - 10.2.5.2.2 Canada: Coconut Candy Market, by Category
    - 10.2.5.2.3 Canada: Coconut Candy Market, by Distribution Channel
  - 10.2.5.3 Mexico: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.3.1 Mexico: Coconut Candy Market, by Product Type
    - 10.2.5.3.2 Mexico: Coconut Candy Market, by Category
    - 10.2.5.3.3 Mexico: Coconut Candy Market, by Distribution Channel
10.3 Europe: Coconut Candy Market
- 10.3.1 Europe: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
- 10.3.2 Europe: Coconut Candy Market, by Product Type
- 10.3.3 Europe: Coconut Candy Market, by Category
- 10.3.4 Europe: Coconut Candy Market, by Distribution Channel
- 10.3.5 Europe: Coconut Candy Market, by Key Country
  - 10.3.5.1 Germany: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.1.1 Germany: Coconut Candy Market, by Product Type
    - 10.3.5.1.2 Germany: Coconut Candy Market, by Category
    - 10.3.5.1.3 Germany: Coconut Candy Market, by Distribution Channel
  - 10.3.5.2 France: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.2.1 France: Coconut Candy Market, by Product Type
    - 10.3.5.2.2 France: Coconut Candy Market, by Category
    - 10.3.5.2.3 France: Coconut Candy Market, by Distribution Channel
  - 10.3.5.3 Italy: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.3.1 Italy: Coconut Candy Market, by Product Type
    - 10.3.5.3.2 Italy: Coconut Candy Market, by Category
    - 10.3.5.3.3 Italy: Coconut Candy Market, by Distribution Channel
  - 10.3.5.4 United Kingdom: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.4.1 United Kingdom: Coconut Candy Market, by Product Type
    - 10.3.5.4.2 United Kingdom: Coconut Candy Market, by Category
    - 10.3.5.4.3 United Kingdom: Coconut Candy Market, by Distribution Channel
  - 10.3.5.5 Russia: Coconut Candy Market-Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.5.1 Russia: Coconut Candy Market, by Product Type
    - 10.3.5.5.2 Russia: Coconut Candy Market, by Category
    - 10.3.5.5.3 Russia: Coconut Candy Market, by Distribution Channel
  - 10.3.5.6 Rest of Europe: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Coconut Candy Market, by Product Type
    - 10.3.5.6.2 Rest of Europe: Coconut Candy Market, by Category
    - 10.3.5.6.3 Rest of Europe: Coconut Candy Market, by Distribution Channel
10.4 Asia Pacific: Coconut Candy Market
- 10.4.1 Asia Pacific: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
- 10.4.2 Asia Pacific: Coconut Candy Market, by Product Type
- 10.4.3 Asia Pacific: Coconut Candy Market, by Category
- 10.4.4 Asia Pacific: Coconut Candy Market, by Distribution Channel
- 10.4.5 Asia Pacific: Coconut Candy Market, by Key Country
  - 10.4.5.1 Australia: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.1.1 Australia: Coconut Candy Market, by Product Type
    - 10.4.5.1.2 Australia: Coconut Candy Market, by Category
    - 10.4.5.1.3 Australia: Coconut Candy Market, by Distribution Channel
  - 10.4.5.2 China: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.2.1 China: Coconut Candy Market, by Product Type
    - 10.4.5.2.2 China: Coconut Candy Market, by Category
    - 10.4.5.2.3 China: Coconut Candy Market, by Distribution Channel
  - 10.4.5.3 India: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.3.1 India: Coconut Candy Market, by Product Type
    - 10.4.5.3.2 India: Coconut Candy Market, by Category
    - 10.4.5.3.3 India: Coconut Candy Market, by Distribution Channel
  - 10.4.5.4 Japan: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.4.1 Japan: Coconut Candy Market, by Product Type
    - 10.4.5.4.2 Japan: Coconut Candy Market, by Category
    - 10.4.5.4.3 Japan: Coconut Candy Market, by Distribution Channel
  - 10.4.5.5 South Korea: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.5.1 South Korea: Coconut Candy Market, by Product Type
    - 10.4.5.5.2 South Korea: Coconut Candy Market, by Category
    - 10.4.5.5.3 South Korea: Coconut Candy Market, by Distribution Channel
  - 10.4.5.6 Rest of Asia Pacific: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.6.1 Rest of Asia Pacific: Coconut Candy Market, by Product Type
    - 10.4.5.6.2 Rest of Asia Pacific: Coconut Candy Market, by Category
    - 10.4.5.6.3 Rest of Asia Pacific: Coconut Candy Market, by Distribution Channel
10.5 Middle East and Africa: Coconut Candy Market
- 10.5.1 Middle East and Africa: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
- 10.5.2 Middle East and Africa: Coconut Candy Market, by Product Type
- 10.5.3 Middle East and Africa: Coconut Candy Market, by Category
- 10.5.4 Middle East and Africa: Coconut Candy Market, by Distribution Channel
- 10.5.5 Middle East and Africa: Coconut Candy Market, by Key Country
  - 10.5.5.1 South Africa: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.1.1 South Africa: Coconut Candy Market, by Product Type
    - 10.5.5.1.2 South Africa: Coconut Candy Market, by Category
    - 10.5.5.1.3 South Africa: Coconut Candy Market, by Distribution Channel
  - 10.5.5.2 Saudi Arabia: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.2.1 Saudi Arabia: Coconut Candy Market, by Product Type
    - 10.5.5.2.2 Saudi Arabia: Coconut Candy Market, by Category
    - 10.5.5.2.3 Saudi Arabia: Coconut Candy Market, by Distribution Channel
  - 10.5.5.3 UAE: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.3.1 UAE: Coconut Candy Market, by Product Type
    - 10.5.5.3.2 UAE: Coconut Candy Market, by Category
    - 10.5.5.3.3 UAE: Coconut Candy Market, by Distribution Channel
  - 10.5.5.4 Rest of MEA: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.4.1 Rest of MEA: Coconut Candy Market, by Product Type
    - 10.5.5.4.2 Rest of MEA: Coconut Candy Market, by Category
    - 10.5.5.4.3 Rest of MEA: Coconut Candy Market, by Distribution Channel
10.6 South and Central America: Coconut Candy Market
- 10.6.1 South and Central America: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
- 10.6.2 South and Central America: Coconut Candy Market, by Product Type
- 10.6.3 South and Central America: Coconut Candy Market, by Category
  - 10.6.3.1 South and Central America: Coconut Candy Market, by Distribution Channel
- 10.6.4 South and Central America: Coconut Candy Market, by Key Country
  - 10.6.4.1 Brazil: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.6.4.1.1 Brazil: Coconut Candy Market, by Product Type
    - 10.6.4.1.2 Brazil: Coconut Candy Market, by Category
    - 10.6.4.1.3 Brazil: Coconut Candy Market, by Distribution Channel
  - 10.6.4.2 Argentina: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.6.4.2.1 Argentina: Coconut Candy Market, by Product Type
    - 10.6.4.2.2 Argentina: Coconut Candy Market, by Category
    - 10.6.4.2.3 Argentina: Coconut Candy Market, by Distribution Channel
  - 10.6.4.3 Rest of South & Central America: Coconut Candy Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.6.4.3.1 Rest of South & Central America: Coconut Candy Market, by Product Type
    - 10.6.4.3.2 Rest of South & Central America: Coconut Candy Market, by Category
    - 10.6.4.3.3 Rest of South & Central America: Coconut Candy Market, by Distribution Channel

11. Impact of COVID-19 Pandemic on Global Coconut Candy Market

11.1 Overview
11.2 Impact of COVID-19 Pandemic on North America Coconut Candy Market
11.3 Impact of COVID-19 Pandemic on Europe Coconut Candy Market
11.4 Impact of COVID-19 Pandemic on Asia Pacific Coconut Candy Market
11.5 Impact of COVID-19 Pandemic on Middle East and Africa Coconut Candy Market
11.6 Impact of COVID-19 Pandemic on South and Central America Coconut Candy Market

12. Industry Landscape

12.1 Product launch
12.2 Expansion
12.3 Collaboration
12.4 Company News

13. Company Profiles

13.1 Ferrero International S.A.
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Russell Stover Chocolates, LLC
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 The Hershey Company
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Mars Incorporated
- 13.4.1 Key acts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Chocoladefabriken Lindt and Spruengli AG
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Unreal Brands Inc.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Alfred Ritter GmbH & Co. KG
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Tru Fru LLC
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Godiva
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Weetabix Food Co.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index