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

Market Insights

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 for marzipan among consumers due to the 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. Furthermore, rising demand for protein-enrichment and sweets with organic colors and growing consumers’ inclination for multivariate confectionery products are expected to fuel the growth of the global market. In addition, increasing 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. Furthermore, there is an increasing demand for gluten-free food in the market with the rising number of celiac patients coupled with growing health consciousness among consumers.

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 due to the global pandemic. However, due to the COVID-19 outburst, marzipan manufacturing, and advertising companies 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 coronavirus outbreak, which has slowed down the marzipan market at the global level.

North America to Dominate the global Marzipan Market.

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

The Direct leads the global Marzipan Market.

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

The finished product would continue to dominate the global marzipan Market in terms of Product Type.

The finished product, Semi-finished products are some of the major types of Products Type. The finished product segment accounted for the largest share 2020 of the Marzipan Market 2020. The demand for the finished product is increased due to the consumer and functional properties of marzipan pastes.

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