Marzipan Market by Product Type (Finished product, Semi-finished product) by Application (Direct, Cake, Other): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

The Marzipan Market is expected to cross market value of USD 1708.5 million in 2027 from USD 1408.2 million in 2020. It is expected to grow at a CAGR of over 2.6% during the forecast period.

Key Market Drivers and Restraints

Increasing demand of marzipan among consumers due to rising popularity of to-go cake products is one of the factors expected to drive the growth of the global market in the near future. Rising demand for protein-enrichment and sweets with organic colors and growing consumer’s inclination for multivariate confectionery products are expected to fuel the growth of the global market. Growing demand for custom cakes such as wedding cakes, Christmas cakes, and innovative-decorated cakes for occasions is expected to drive the growth of the global market. Increasing number of celiac patients coupled with growing health consciousness among consumer there in increasing demand for gluten-free food in the market.

However, high prices of dry fruits, including walnuts, almonds, and pistachios are restraints that may hamper the growth of the global marzipan market.

Impact of COVID 19

The marzipan market will show considerable growth on the back of the global pandemic. As a result of the COVID-19 outburst, manufacturing and advertising companies of marzipan are facing issues in the production function. Because of COVID-19, the supply chain is disrupted, factories are shut down, and companies are facing complexity about the accessibility of the raw material and lack of resources and staff in the corona virus outbreak which has slow down the marzipan market at the global level.

North America to Dominate the global Marzipan Market

The global Marzipan Market covers the six regions, namely Europe, North America, Asia Pacific, Latin America (LATAM), Middle East and Africa, including all the key economies in these regions. North America market is dominated the global market and accounted for more than 58.0% of the total market. This is attributed to the popularity of marzipan and its products and vast amounts of in disposable income.

Global Marzipan Market is led by the Direct

Direct, cake, and others are the key Application in the Marzipan Market. In 2020, direct segment is accounted for the largest share of Marzipan Market. However, cake segment is anticipated to grow at the fastest CAGR during the forecast period.

Finished product would continue to dominate the global marzipan Market in terms of Product Type

Finished product, Semi-finished product are some of the major types of Product Type. Finished product segment accounted for the largest share in 2020 of the Marzipan Market in 2020. Increasing demand for finished product due to their consumer and functional properties of marzipan pastes.

Frequently asked questions about global Marzipan Market

• What are the consequences of COVID 19 on global Marzipan?
  Ans: Marzipan manufacturing and selling companies are facing issues in production function
• Which are the key Product Types through Marzipan?
  Ans: Finished product and Semi-finished product are the most frequently through Marzipan
• Which is the key Application through which Marzipan occurs?
  Ans: Direct is the most Application in Marzipan
• Who are the key players in the global Marzipan?
  Ans: Niederegger, Zentis, Moll Marzipan, Georg Lemke, Carstens, JF Renshaw Ltd., Atlanta Poland S.A., Lubeca, Marzipan Specialities Inc., TEHMAG FOODS CORPORATION are key players operating in this market
• Which is the leading regional market for global Marzipan?
  Ans: North America has the largest share owing to the popularity of marzipan and its products. Vast amounts of in disposable income also accounts for the sales of marzipan in this region.
• What will be the CAGR (2021 - 2027) of in global Marzipan?
  Ans: The market is anticipated to grow at a CAGR of 2.6% throughout the forecast period
• Which are the major factors driving the growth of global Marzipan?
  Ans: Increasing demand for marzipan across the globe and the sales of marzipan rises considerably during the holiday season, requiring manufacturers to increase production. The ease of accessibility is also one of the factors that aid in the steady expansion of the global marzipan market

Table of Content

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Marzipan Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Marzipan Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Product Type
3.3.2.Application
3.3.3.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Marzipan Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Marzipan Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Marzipan Market, by Product Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Finished product
6.2.3.Semi-Finished product
6.3.North America Marzipan Market, By Application, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Direct
6.3.3.Cake
6.3.4.Others

7.Europe
7.1.Europe Marzipan Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Marzipan Market, by Product Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Finished product
7.2.3.Semi-Finished product
7.3.Europe Marzipan Market, By Application, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Direct
7.3.3.Cake
7.3.4.Others

8.Asia Pacific
8.1.Asia Pacific Marzipan Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Marzipan Market, by Product Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Finished product
8.2.3.Semi-Finished product
8.3.Asia Pacific Marzipan Market, By Application, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Direct
8.3.3.Cake
8.3.4.Others

9.Latin America
9.1.Latin America Marzipan Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Marzipan Market, by Product Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Finished product
9.2.3.Semi-Finished product
9.3.Latin America Marzipan Market, By Application, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Direct
9.3.3.Cake
9.3.4.Others

10.Middle East
10.1.Middle East Marzipan Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Marzipan Market, by Product Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Finished product
10.2.3.Semi-Finished product
10.3.Middle East Marzipan Market, By Application, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Direct
10.3.3.Cake
10.3.4.Others

11.Africa
11.1.Africa Marzipan Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Marzipan Market, by Product Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Finished product
11.2.3.Semi-Finished product
11.3.Africa Marzipan Market, By Application, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Direct
11.3.3.Cake
11.3.4.Others

12.Global
12.1.Global Marzipan Market, by Product Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Finished product
12.1.3.Semi-Finished product
12.2.Global Marzipan Market, By Application, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Direct
12.2.3.Cake
12.2.4.Others

13.Company Profiles
13.1.Niederegger
13.2.Zentis
13.3.Moll Marzipan
13.4.Georg Lemke
13.5.Carstens
13.6.JF Renshaw Ltd.
13.7.Atlanta Poland S.A.
13.8.Lubeca
13.9.Marzipan Specialities Inc.
13.10.TEHMAG FOODS CORPORATION

List of Figures

FIG. 1 Global Marzipan Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Marzipan Market Segmentation

FIG. 4 Global Marzipan Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Marzipan Market, by End-user, 2019 (US$ Bn)

FIG. 6 Global Marzipan Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Marzipan Market Manufacturers, 2019

FIG. 9 Global Marzipan Market Value Contribution, By Product Type, 2019 & 2027 (Value %)

FIG. 10 Global Marzipan Market, by Metal 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Marzipan Market, by Metal 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Marzipan Market, by Metal 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Marzipan Market, by Metal 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Marzipan Market, by Metal 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Marzipan Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Marzipan Market Value Contribution, By Application, 2019 & 2027 (Value %)

FIG. 17 Global Marzipan Market, by Process 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Marzipan Market, by Process 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Marzipan Market, by Process 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Marzipan Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Marzipan Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Marzipan Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Marzipan Market, 2015-2027 (US$ Bn)

FIG. 24 France Marzipan Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Marzipan Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Marzipan Market, 2015-2027 (US$ Bn)

FIG. 27 China Marzipan Market, 2015-2027 (US$ Bn)

FIG. 28 India Marzipan Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Marzipan Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Marzipan Market, 2015-2027 (US$ Bn)

FIG. 31 Latin America Marzipan Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Marzipan Market

TABLE 2 Global Marzipan Market, by Product Type, 2015-2027 (US$ Bn)

TABLE 3 Global Marzipan Market, by Application, 2015-2027 (US$ Bn)

TABLE 4 Global Marzipan Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Marzipan Market, by Product Type, 2015-2027 (US$ Bn)

TABLE 6 North America Marzipan Market, by Application, 2015-2027 (US$ Bn)

TABLE 7 North America Marzipan Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Marzipan Market, by Product Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Marzipan Market, by Application, 2015-2027 (US$ Bn)

TABLE 10 Europe Marzipan Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Marzipan Market, by Product Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Marzipan Market, by Application, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Marzipan Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Marzipan Market, by Product Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Marzipan Market, by Application, 2015-2027 (US$ Bn)

TABLE 16 Latin America Marzipan Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Marzipan Market, by Product Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Marzipan Market, by Application, 2015-2027 (US$ Bn)

TABLE 19 Middle East Marzipan Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Marzipan Market, by Product Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Marzipan Market, by Application, 2015-2027 (US$ Bn)

TABLE 22 Africa Marzipan Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Niederegger: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 24 Zentis: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25  Moll Marzipan,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26 Georg Lemke,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 JF Renshaw Ltd.,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28  Atlanta Poland S.A.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 29 , Lubeca.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Marzipan Specialities Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 TEHMAG FOODS CORPORATION: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments