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2025-08-25
There are various types of "coconut candies" on the market, which can be roughly divided into the following two categories:
1) Candies made from coconut juice, white granulated sugar, starch syrup, gel agent, etc. according to a certain process
2) Sugar made from the juice of coconut palm flower buds and stems is widely used as a sweetener in Southeast Asia.
Against the backdrop of slowing growth in the traditional candy market, coconut candy, which has natural health properties, has shown strong market resilience. The recovery of consumption after the epidemic has driven the rapid release of market demand, and the emerging coconut sugar importers have achieved overtaking through social media marketing. The global coconut sugar market reached 2.483 billion yuan in 2024, and it is expected to reach 3.35 billion yuan by 2030. The compound annual growth rate (CAGR) during the forecast period is 5.12%.
According to Tendata Global Trade Data, the top 10 Countries in Terms of Coconut Sugar Imports are:
1. Vietnam：$7.21 million(28.10% )
2. Russia：$7.15 million(27.86% )
3. Kazakhstan：$2.98 million(11.61% )
4. Ukraine：$2.62 million(10.22% )
5. Sri Lanka：$2.04 million(7.95% )
6. Peru：$0.88 million(3.44% )
7. India：$0.34 million(1.34% )
8. Philippines：$0.34 million(1.31% )
9. Mexico：$0.33 million(1.28% )
10. Bangladesh：$0.23 million(0.91% )
Vietnam and Russia together hold over 55% of the market share, making them the core importers of coconut sugar.
According to Tendata Global Trade Data, the Following Companies are the Largest Coconut Sugar Importers in 2024:
1. CHI NHÁNH CÔNG TY TNHH THỨC PHẨM ORION VINA(Vietnam)：$3.04 million, 11.83%
Vietnam's Orion Vina is the largest importer, demonstrating the company's strong purchasing ability in the Southeast Asian snack and candy market.
2. ИП ТОРНОТ(Kazakhstan)：$2.11 million, 8.21%
TORNOT from Kazakhstan has a strong demand for coconut sugar in the Central Asian market.
3. SANMIK FOOD PVT LTD(Sri Lanka)：$1.92 million, 7.48%
Sri Lanka's Sanmik Food has the highest import volume, reflecting the sustained demand for coconut products in the South Asian market.
4. FERRERO RUSSIA CJSC(Russia)：$1.38 million, 5.38%
Ferrero Russia's subsidiary imports coconut sugar, reflecting the international candy group's emphasis on coconut based raw materials and products.
5. ТОБ 5 КОТИ БРЕНДС(Ukraine)：$1.02 million, 3.98%
5 KOTI Brands in Ukraine are promoting coconut sugar consumption in the local market, demonstrating the growth potential of the Eastern European market.
6. CÔNG TY TNHH QUỐC TẾ UNILEVER VIỆT NAM(Vietnam)：$1.02 million, 3.97%
Unilever Vietnam also imports, indicating that the multinational fast-moving consumer goods giant is incorporating coconut sugar into its diversified product line.
7. ООО SIBA GROUP(Russia)：$0.78 million, 3.05%
Siba Group from Russia, as a regional importer, is helping coconut sugar expand its channels in the CIS market.
8. CIC GOLDEN AGE LTD(Russia)：$0.61 million, 2.36%
Although the import volume of Golden Age Ltd in Russia is small, it still reflects the steady demand for coconut sugar in the Russian market.
9. MACHU PICCHU FOODS S A C(Peru)：$0.45 million, 1.75%
The procurement of Machu Picchu Foods in Peru shows that the demand for coconut sugar products in the Latin American market is gradually increasing.
10. ТОВ ЕВЗАТОН(Ukraine)：$0.44 million, 1.70%
Although the import volume of EVZATON in Ukraine is not large, it helps to supplement the consumption of this type of candy in the Eastern European market.
Overall, Vietnam has the highest import volume, accounting for nearly 12%, while Russia and Ukraine have a combined market share of about 13%. The performance of the Central and South Asian markets is impressive. Multinational food giants such as Orion, Unilever, Ferrero, and regional enterprises have jointly promoted the global distribution of coconut sugar, indicating that coconut sugar is expanding from regional consumption to a diversified global market.
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