Middle East & Africa Coconut Candy Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Chocolate Coconut Candy and Non-Chocolate Coconut Candy), Category (Sugar-Free and Conventional), and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)
The coconut candy market in Middle East & Africa is expected to grow from US$ 123.22 million in 2022 to US$ 160.23 million by 2028. It is estimated to grow at a CAGR of 4.5% from 2022 to 2028.
Surging Demand for Sugar-Free and Organic Coconut Candies
People, nowadays, are becoming more concerned about the health impacts of consuming sugar-dense food and beverages. As a result, they are shifting to sugar-free or low-sugar alternatives to stay fit. This trend is gaining traction in the confectionery industry, which is significantly driving the demand for sugar-free coconut candies. Many companies also offer certified organic coconut candies that are gaining immense popularity among consumers. Organic ingredients are perceived to be healthier than conventional ones as they are obtained from farming practices that are free of pesticides, genetically modified organisms, and chemical additives. Moreover, these ingredients are grown following stringent agricultural practices that avoid the use of growth hormones and synthetic additives. Thus, the growing inclination toward sugar-free and organic coconut candies is expected to provide lucrative growth opportunities to the MEA coconut candy market in the coming years.
Market Overview
South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa are the key contributors to the coconut candy market in the Middle East & Africa. With a recovery in economic growth and appreciation of the local currency following the recession and severe depreciation in 2016, the confectionery industry witnessed significant growth in the region. Additionally, consumers’ tastes and their inclination toward chocolates and sweets are the never-ending reason behind the growth of the confectionery market in the region. As consumers across the region are becoming more sophisticated and health conscious, they are increasingly searching for naturally flavored confectioneries that are differentiated from standard products. Growing awareness regarding the benefits of consuming coconut products has been augmenting the market growth. Coconut flesh is highly nutritious and provides fibers and vitamins—E, C, B1, B3, B5, and B6—as well as minerals such as iron, sodium, calcium, magnesium, selenium, and phosphorous. These factors have resulted in a surge in demand for coconut-based confectionery products and are further expected to stroke the growth of the Middle East & Africa coconut candy market in the future.
Middle East & Africa Coconut Candy Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Coconut Candy Market Segmentation
The Middle East & Africa 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 South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa 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 Middle East & Africa region.
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- 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. MEA 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. MEA 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 – MEA Market Analysis
- 6.1 MEA Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- 7. MEA Coconut Candy Market Analysis – By Product Type
- 7.1 Overview
- 7.2 MEA Coconut Candy Market Breakdown, by Product Type, 2021 & 2028
- 7.3 Chocolate Coconut Candy
- 7.3.1 Overview
- 7.3.2 Chocolate Coconut Candy: MEA 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: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- 8. MEA Coconut Candy Market Analysis – By Category
- 8.1 Overview
- 8.2 MEA Coconut Candy Market Breakdown, by Category, 2021 & 2028
- 8.3 Sugar-Free
- 8.3.1 Overview
- 8.3.2 Sugar-Free: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Conventional
- 8.4.1 Overview
- 8.4.2 Conventional: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- 9. MEA Coconut Candy Market Analysis – By Distribution Channel
- 9.1 Overview
- 9.2 MEA Coconut Candy Market Breakdown, by Distribution Channel, 2021 & 2028
- 9.3 Supermarkets & Hypermarkets
- 9.3.1 Overview
- 9.3.2 Supermarkets & Hypermarkets: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- 9.4 Convenience Stores
- 9.4.1 Overview
- 9.4.2 Convenience Stores: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- 9.5 Online Retail
- 9.5.1 Overview
- 9.5.2 Online Retail: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- 10. MEA Coconut Candy Market – Country Analysis
- 10.1 Overview
- 10.1.1 Middle East and Africa: Coconut Candy Market, by Key Country
- 10.1.1.1 South Africa: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 South Africa: Coconut Candy Market, by Product Type
- 10.1.1.1.2 South Africa: Coconut Candy Market, by Category
- 10.1.1.1.3 South Africa: Coconut Candy Market, by Distribution Channel
- 10.1.1.2 Saudi Arabia: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 Saudi Arabia: Coconut Candy Market, by Product Type
- 10.1.1.2.2 Saudi Arabia: Coconut Candy Market, by Category
- 10.1.1.2.3 Saudi Arabia: Coconut Candy Market, by Distribution Channel
- 10.1.1.3 UAE: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 UAE: Coconut Candy Market, by Product Type
- 10.1.1.3.2 UAE: Coconut Candy Market, by Category
- 10.1.1.3.3 UAE: Coconut Candy Market, by Distribution Channel
- 10.1.1.4 Rest of MEA: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.1 Rest of MEA: Coconut Candy Market, by Product Type
- 10.1.1.4.2 Rest of MEA: Coconut Candy Market, by Category
- 10.1.1.4.3 Rest of MEA: 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. MEA Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- Table 2. South Africa Coconut Candy Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 3. South Africa Coconut Candy Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 4. South Africa Coconut Candy Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Saudi Arabia Coconut Candy Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Saudi Arabia Coconut Candy Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Saudi Arabia Coconut Candy Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
- Table 8. UAE Coconut Candy Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 9. UAE Coconut Candy Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 10. UAE Coconut Candy Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of MEA Coconut Candy Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of MEA Coconut Candy Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of MEA Coconut Candy Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
- Table 14. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA Coconut Candy Market Segmentation
- Figure 2. MEA Coconut Candy Market Segmentation – By Country
- Figure 3. MEA Coconut Candy Market Overview
- Figure 4. MEA Coconut Candy Market, By Product Type
- Figure 5. MEA Coconut Candy Market, By Country
- Figure 6. MEA Porter's Five Forces Analysis
- Figure 7. Expert Opinion
- Figure 8. MEA Coconut Candy Market, Ecosystem
- Figure 9. MEA Coconut Candy Market: Impact Analysis of Drivers and Restraints
- Figure 10. MEA: Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 11. MEA Coconut Candy Market Breakdown, by Product Type, 2021 & 2028
- Figure 12. Chocolate Coconut Candy: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Non-Chocolate Coconut Candy: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. MEA Coconut Candy Market Breakdown, by Category, 2021 & 2028
- Figure 15. Sugar-Free: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Conventional: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. MEA Coconut Candy Market Breakdown, by Distribution Channels, 2021 & 2028
- Figure 18. Supermarkets & Hypermarkets: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Convenience Stores: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Online Retail: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Others: MEA Coconut Candy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Middle East and Africa: Coconut Candy Market, by Key Country- Revenue (2021)
- Figure 23. Middle East and Africa: Coconut Candy Market Revenue Share, by Key Country (2021 and 2028)
- Figure 24. South Africa: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Saudi Arabia: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 26. UAE: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Rest of MEA: Coconut Candy Market –Revenue and Forecast to 2028 (US$ Million)
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