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Global Marzipan Market Size, Share, Analysis, Forecast: By Type: Finished Product, Semi-Finished Product; By Application: Direct, Cake, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Marzipan Market Outlook
The global marzipan market size was approximately USD 1.58 billion in 2023. The market is assessed to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of USD 2.17 billion by 2032.
Key Trends in the Market
Marzipan is a ready-to-eat European traditional sweet that is primarily made from ground almonds, sugar, and egg whites. It is often shaped and dyed to mimic the appearance of fruits and vegetables. The product is available in both semi-finished and finished forms.
- The versatile application of marzipan in a variety of desserts is an important factor influencing the marzipan market growth. Marzipan is used for icing and decoration on cookies and cakes, and is also often dyed and shaped into miniature fruits to be enjoyed on their own or for decorating cake and similar food items.
- Due to the availability of a wide range of flavours and use of organic colours in marzipan, it is increasingly used in diverse food applications. Organic colours and nutrition-packed ingredients also enhance the sweets' appeal among health-conscious individuals.
- One of the significant marzipan market trends includes the growing need for on-the-go munching or snacking, which supports the popularity of ready-to-eat confectioneries, including marzipan. The convenience of having a snack that is already prepared and does not require any additional preparation time is highly valued by individuals who have hectic schedules and a sedentary lifestyle.
Market Analysis
Based on type, the marzipan market segmentation includes finished products and semi semi-finished products. Based on application, the market can be divided into direct and cake. The major regional markets for marzipan include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global marzipan market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- JG Niederegger GmbH & Co. KG
- Moll Marzipan GmbH
- Lübeck Marzipan Factory v. Minden & Bruhns GmbH & Co. KG
- JF Renshaw Ltd.
- Odense Marcipan A/S
- GEORG LEMKE GmbH & Co. KG
- Zentis Fruchtwelt GmbH & Co. KG
- Erasmi & Carstens GmbH
- Bako Marzipan
- Olo Marzipan O. Lohner AG
- Others
Market Share by Type
As per the marzipan market analysis, the demand for semi-finished products is growing as these products can be moulded and shaped in different varieties based on specific requirements. Semi-finished products are convenient for both households and bakeries due to their customisation benefits. In the forecast period, the surging demand for artisanal baked goods is anticipated to bolster the utilisation of semi-finished marzipan in handmade candies, cupcakes, breads, and speciality cakes, among others.
Market Share by Region
Europe accounts for a significant marzipan market share, as the product is a traditional sweet that originated in Europe. The cultural significance of marzipan in European countries, especially during the holiday season like Christmas and New Year celebrations, support the market demand. For example, Marzipan Potatoes and little pink Marzipan Pigs are widely consumed on New Year's Eve in Germany, whereas marzipan shaped like candy and coated in chocolate enjoys substantial popularity in France.
Competitive Landscape
J. G. Niederegger GmbH & Co. KG is a Lübeck, Germany-based company that is engaged in producing marzipan and sweets since 1806. The company offers a wide range of marzipan, including loaves, potatoes, and others. Some of the other products offered by the company are ice cream, praline, and chocolate.
Moll Marzipan GmbH is a Berlin-based company offering marzipan paste, raw pastes, preparations, and crocant and candied preparations, among others. The company offers marzipan paste and marzipan with icing sugar based on individual requirements, including mild and without bitter almonds, strong with bitter almonds, and Californian and/or Mediterranean almonds crushed using perforated discs.
Lubeca Lübecker Marzipan-Fabrik v. Minden & Bruhns GmbH & Co. KG is a leading manufacturer of marzipan and nougat, as well as chocolate couvertures and hazelnut, or almond preparations designed for further processing, With a presence in more than 50 countries, the company offers a range of marzipan products, including marzipan raw mass, marzipan applied, persipan raw material, and hazelnut raw material, macaron mixture ready to bake, organic marzipan raw material, and organic hazelnut raw material.
Other players operating in the marzipan market include JF Renshaw Ltd., Odense Marcipan A/S, GEORG LEMKE GmbH & Co. KG, Zentis Fruchtwelt GmbH & Co. KG, Erasmi & Carstens GmbH, Bako Marzipan, and Olo Marzipan O. Lohner AG.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Marzipan Market Analysis
8.1 Key Industry Highlights
8.2 Global Marzipan Historical Market (2018-2023)
8.3 Global Marzipan Market Forecast (2024-2032)
8.4 Global Marzipan Market by Type
8.4.1 Finished Product
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Semi-Finished Product
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Marzipan Market by Application
8.5.1 Direct
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cake
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Marzipan Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Marzipan Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Marzipan Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Marzipan Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Marzipan Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Marzipan Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 JG Niederegger GmbH & Co. KG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Moll Marzipan GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lübeck Marzipan Factory v. Minden & Bruhns GmbH & Co. KG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 JF Renshaw Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Odense Marcipan A/S
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 GEORG LEMKE GmbH & Co. KG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Zentis Fruchtwelt GmbH & Co. KG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Erasmi & Carstens GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Bako Marzipan
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Olo Marzipan O. Lohner AG
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Marzipan Market: Key Industry Highlights, 2018 and 2032
2. Global Marzipan Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Marzipan Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Marzipan Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Marzipan Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Marzipan Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Marzipan Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Marzipan Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Marzipan Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Marzipan Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Marzipan Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Marzipan Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Marzipan Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Marzipan Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Marzipan Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Marzipan Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Marzipan Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Marzipan Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.58 billion.
The market is estimated to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.17 billion by 2032.
The surging demand for baked goods and the versatility of marzipan are driving the market growth.
Growing consumer preferences towards traditional sweets in Europe and the growing demand for ready-to-eat snacks are the key trends aiding the market.
Europe, Latin America, the Middle East and Africa, the Asia Pacific, and North America are major regions in the market.
Finished and semi-finished products are major types available in the market for marzipan.
J. G. Niederegger GmbH & Co. KG, Moll Marzipan GmbH, Lubeca Lübecker Marzipan-Fabrik v. Minden & Bruhns GmbH & Co. KG, JF Renshaw Ltd., Odense Marcipan A/S, GEORG LEMKE GmbH & Co. KG, Zentis Fruchtwelt GmbH & Co. KG, Erasmi & Carstens GmbH, Bako Marzipan, and Olo Marzipan O. Lohner AG, among others.
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