Multilayer coil component

A multilayer coil component comprising:

• a multilayer body in which a plurality of insulating layers are stacked in a stacking direction, and a coil inside the multilayer body, the multilayer body having a first end surface and a second end surface, which face each other in a length direction, a first main surface and a second main surface, which face each other in a height direction perpendicular to the length direction, and a first side surface and a second side surface, which face each other in a width direction perpendicular to the length direction and the height direction;
• and
• outer electrodes that are electrically connected to the coil, the outer electrodes including a first outer electrode on an outer surface of the multilayer body and a second outer electrode on an outer surface of the multilayer body,
• wherein
• the stacking direction of the multilayer body and a coil axis direction of the coil are parallel to the first main surface, and
• the insulating layers include a ferrite phase and a non-magnetic phase composed of a material having a lower dielectric constant than a ferrite material that constitutes the ferrite phase.