The present invention provides a coil component and a method for manufacturing the same. The coil component may include a body having a support member including a through hole, a coil disposed on at least one of an upper surface and a lower surface of the support member, and a magnetic material encapsulating the coil and the support member, and filling the through hole. The coil includes a coil pattern. The coil component further includes an external electrode connected to the coil. At least one of the upper surface and the lower surface of the support member includes a groove, having a shapecorresponding to a shape of the coil pattern, and at least a portion of the coil pattern is embedded in the groove.