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

Germany, France, Italy, the UK, Russia, and the Rest of Europe are the key contributors to the coconut candy market in the Europe. The market is competitive in these countries as the region homes some of the biggest global market players, such as The Hershey Company, Marc Incorporated, and Ferrero International. The increasing demand for confectionery products in Europe is driven by the indulgence and convenience offered by the products. As clean-label, sugar-free vegan products are witnessing traction in the European market, the market for coconut candy is growing significantly and gaining huge popularity among consumers in the region owing to the health benefits of coconut and its unique flavor. Additionally, the demand for coconut-based products is propelling in Europe due to increasing consumers’ interest in Asian cuisine. Thus, the import of desiccated coconut is increasing in Europe. According to the Centre for the Promotion of Imports from developing countries (CBI), Europe is the world’s largest importer of desiccated coconut, accounting for more than 30% of global imports. Desiccated coconut is a traditional and popular bakery and confectionery ingredient in many European countries. Online retail sales in many European countries increased significantly during the COVID-19 pandemic in 2020. In the UK, Ocado (an internet-only grocery retailer) reported to have increased its sales by 35% last year, from US$ 2.12 billion in 2019 to US$ 2.97 billion in 2020. Thus, the increasing import of desiccated coconut and the rising adoption of online retail are the factors that contribute to the growth of coconut candy and are further expected to drive market growth during the forecast period. Confectionery products such as candies play an important role during various festivals right from Halloween to Christmas. People give customized chocolate boxes as a gift to their loved ones. These customized gift boxes contain various flavors of confectioneries, including coconut-based candies. Thus, the increasing use of chocolate candies for festivals and occasions has been estimated to contribute to the growth and expansion of the Europe coconut candy market across Europe.

Europe Coconut Candy Market Revenue and Forecast to 2028 (US$ Million)

Europe Coconut Candy Market Segmentation

The Europe 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.

Alfred Ritter GmbH & Co. KG; Chocoladefabriken Lindt and Spruengli AG; Ferrero International S.A.; Godiva; Mars Incorporated; The Hershey Company; Unreal Brands Inc.; and Weetabix Food Co. are the leading companies operating in the coconut candy market in the Europe region.

TABLE OF CONTENTS

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. 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 Insight Partners
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)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe 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

● 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.

At 6.5% CAGR, the Europe Coconut Candy Market is speculated to be worth US$ 567.95 million by 2028, says The Insight Partners

According to the Insight Partners’ research, the Europe coconut candy market was valued at US$ 389.96 million in 2022 and is expected to reach US$ 567.95 million by 2028, registering a CAGR of 6.5% from 2022 to 2028. Strategic initiatives by key market players and rising consumption of coconut-based products are the critical factors attributed to the market expansion.

The companies in the Europe coconut candy market are adopting strategies such as product innovation and creative marketing campaigns to increase their customer reach. Further, companies are launching customized gift boxes containing a mix of different candies for festivities and special occasions. In April 2022, Ferrero launched a range of products specially curated for Easter, which included treats and gift boxes. For example, the Ferrero Collection Bunny Gift Box comprised 13 pieces of premium confections—including Raffaello, containing coconut and almonds; Ferrero Rocher hazelnut chocolates; and Rondnoir dark chocolates with crisp wafers. Such innovative product offerings are expected to drive the sales of coconut candies during the forecast period. Many companies are launching innovative marketing campaigns to boost their sales of coconut candies. Thus, strategic initiatives such as product launches, and innovative marketing campaigns are expected to significantly drive the growth of the Europe coconut candy market over the forecast period.

On the contrary, high sugar content of conventional coconut candies hurdles the growth of Europe coconut candy market.

Based on product type, the Europe coconut candy market is bifurcated into chocolate coconut candy and non-chocolate coconut candy. The chocolate coconut candy segment held 63.5% market share in 2022, amassing US$ 247.79 million. It is projected to garner US$ 350.70 million by 2028 to expand at 6.0% CAGR during 2022–2028.

Based on category, the Europe coconut candy market is bifurcated into sugar-free and conventional. The conventional segment held 97.9% market share in 2022, amassing US$ 381.73 million. It is projected to garner US$ 553.99 million by 2028 to expand at 6.4% CAGR during 2022–2028.

Based on distribution channel, the Europe coconut candy market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held 61.2% market share in 2022, amassing US$ 238.52 million. It is projected to garner US$ 348.03 million by 2028 to expand at 6.5% CAGR during 2022–2028.

Based on country, the Europe coconut candy market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 30.6% market share in 2022. It was assessed at US$ 119.17 million in 2022 and is likely to hit US$ 158.87 million by 2028, exhibiting a CAGR of 4.9% during the forecast period.

Key players profiles in the Europe coconut candy market report are 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., among others.

Jun-2022, The company launched dark MALTESERS crafted by Mars Wrigley’s team of chocolatiers to provide chocolate lovers a choice when opting for MALTESERS. MALTESERS Dark has 65% more cocoa, and 30% less sugar. May-2022, Chocoladefabriken Lindt and Spruengli AG launched oat-based milk chocolate bars. The product is aimed to replace dairy milk with gluten free oat milk powder and almond paste, thus creating original and salted caramel flavors.