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
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.
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. 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 Publisher
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)
Companies Mentioned
- 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 | 96 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 123.22 Million |
| Forecasted Market Value ( USD | $ 160.23 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 8 |
