The marzipan market is projected to reach US$ 1.51 billion by 2031 from US$ 1.09 billion in 2023. The market is expected to register a CAGR of 4.1% during 2023–2031. The growing trend of organic and low-sugar marzipan is driving the marzipan market.
Marzipan Market Analysis
Europe dominated the marzipan market in 2023; it is the largest producer of this product across the world. Germany, Italy, and Spain are among the most significant contributors to the regional marzipan market growth. Marzipan has been used for centuries in the food processing and food service business in the region. Also, the easy availability of almonds as a raw material to produce marzipan favors the marzipan market progress in the region.
Marzipan Market Overview
Marzipan is a blend of almond paste and sugar in different proportions. The typical proportion of almond paste and sugar in marzipan is 50:50, 60:40, 70:30, 80:20, and 90:10. This product is widely used to make confectioneries and desserts, and as filling and frosting in bakery products such as cakes, croissants, pastries, muffins, and holiday cookies. European countries, including Germany, Spain, and Italy, are among the prominent producers of marzipan in the world. Rising demand for marzipan as a specialty ingredient in premium bakery and confectionery products is driving the market. Moreover, the rising trend of gifting artisanal confections and baked goods on special occasions such as birthdays, weddings, and festivals is also boosting the marzipan demand across the food processing, retail, and food service sectors. The popularity of marzipan is surging in the production of coated chocolates and baked goods (cakes, pastries, cookies, etc.), resulting in an elevated demand for marzipan as an ingredient in the UK. Additionally, the country witnesses a growing trend of using marzipan as a smooth layer of icing sugar on Christmas cakes. Consumers in the country traditionally add rosewater to the marzipan to give it a floral note.
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Marzipan Market: Strategic Insights
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Marzipan Market: Strategic Insights
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Marzipan Market Drivers and Opportunities
High Demand for Desserts and Confectioneries on Occasions Fuels Market Growth
Marzipan is traditionally associated with celebrations and festive events. Its rich flavor, versatility, and ability to be molded into various shapes make it a popular choice for confectioneries and home bakers. Whether as a filling for cakes, a coating for pastries, or a material that can be sculpted into decorative shapes, marzipan often features in holiday treats, wedding cakes, and other unique desserts. Growth in social inclination toward celebrations and special events, particularly in regions such as Europe and North America, bolsters the demand for marzipan as this desert holds cultural significance in these regions. For instance, Spain experiences a vast consumption of marzipan candies during the holiday season. Apart from the holiday season, consumers in the country consume marzipan throughout the year, especially in Toledo, which is considered the origin of this dessert in the country. Spanish marzipan candies are made in various forms; Toledo is best known for their simple animal sculptures. Occasionally, they are filled with Yema, a delicacy made of egg yolks.
As cultural exchange increases, more people around the world are becoming familiar with marzipan and incorporating it into their domestic celebrations. Thus, an upsurge in the awareness and appreciation of marzipan as a high-quality confectionery product has broadened its market reach. The extensive reach of social media has further led to an increased focus on visually appealing desserts and confections, further adding to the popularity of marzipan due to its decorative potential. This has led to a surge in demand from individual consumers and professional bakers and confectionery manufacturers looking to create unique, customized offerings for their customers. Moreover, the trend of gifting sweets and desserts during holidays and special occasions is contributing to the growth of the marzipan market. It is often packaged and sold in decorative boxes or gift sets for holiday gifting. Seasonal spikes in demand, such as during Christmas, Easter, and weddings, provide periodic boosts to the market. As consumers continue to seek high-quality, artisanal, and aesthetically pleasing confections for special occasions, the demand for marzipan is expected to continue to increase in the future.
Growing Demand for Organic and Low-Sugar Marzipan to Create Growth Opportunities in the Market
Organic marzipan is made using organically cultivated almonds and organic sugar/sweeteners. Organic almond farms follow stringent farming practices that refrain from using chemical fertilizers, pesticides, and genetically modified organisms (GMOs). Almond plants are grown in the soil top-dressed with a generous amount of mulch of well-rotted organic matter that prevents the curling of leaves and rotting of fruits, yielding high-quality almonds that produce superior-quality marzipan. Consumers' demand for certified organic products is increasing due to their perceived health benefits. Certified organic products are free from pesticide residues and GMOs that cause potential health hazards over the long run. Therefore, preference for organic marzipan is also increasing among consumers, and bakery and confectionery manufacturers are thus using organic marzipan in their products to cater to consumer demand. Companies like Lübecker Marzipan offers certified organic marzipan with cane sugar which can be used in organic baked goods, confectionery, and other products.
Marzipan Market Report Segmentation Analysis
Key segments that contributed to the derivation of the marzipan market analysis are nature, category, and end user.
- Based on nature, the market is segmented into organic and conventional. The conventional segment held a larger market share in 2023.
- In terms of category, the market is segmented into low/no sugar and regular. The regular segment held a significant share of the market in 2023.
- Based on end user, the marzipan market is segmented into food service, food retail, and food processing. The food processing segment held the largest market share in 2023.
Marzipan Market Share Analysis by Geography
The geographic scope of the market mainly includes North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Europe dominated the market in 2023, with Germany being the most significant contributor to the regional market. Germany is among the largest producers of marzipan; Lübeck, a German manufacturer, solely produces 3,000 tons of the product per year. Marzipan is popular in the country owing to its strong almond flavor, which is achieved by using a high almond-to-sugar ratio in the product. Marzipan is widely consumed during Christmas and other festivities in the country. According to Agriculture and Agri-Food Canada (AAFC), sales of confectionery products such as nougat, toffees, and caramels surged by 3.2% annually in Germany during 2019–2023. A surge in the sales of confectionery products contributes to the marzipan market share in Germany.
Marzipan Market Report Scope
Marzipan Market News and Recent Developments
The marzipan market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A recent key development in the marzipan market is mentioned below:
- Anthon Berg, in partnership with Diageo's Baileys Irish Cream, announced the launch of new Baileys-infused marzipan products: the Baileys Marzipan Treats and the Baileys Marzipan Bar. (Source: Anthon Berg, Company Website, October 2023)
Marzipan Market Report Coverage and Deliverables
The "Marzipan Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Marzipan market at global, regional, and country levels for all the key market segments covered under the scope
- Marzipan market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Marzipan market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the marzipan market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Europe accounted for the largest share of the market in 2023.
The high demand for desserts and confectioneries on special occasions is a major factor contributing to the growth of the market.
The growing consumer demand for organic and low-sugar marzipan varieties is likely to emerge as a key trend in the market in the future.
Andre Prost, Inc.; Barry Callebaut AG; Moll Marzipan GmbH; Lübecker Marzipan-Fabrik v. Minden & Bruhns GmbH & Co. KG; Alfrus Srl; E. Botham & Sons Ltd; Terra Firma; KELMY PRODUCTS, S.A.; Atlanta Poland SA; Niederegger; Fun Cakes; Kondima Engelhardt GmbH & Co. KG; British Bakels (RF Renshaw); Edde Almond Paste, Inc.; and PA Food Limited are among the prominent players operating in the market.
The market size is projected to reach US$ 1.51 billion by 2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Global Marzipan Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.4 List of Vendors in the Value Chain
5. Global Marzipan Market – Key Market Dynamics
5.1 Global Marzipan Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 High Demand for Desserts and Confectioneries on Occasions
5.2.2 Strategic Initiatives by Key Market Players
5.3 Market Restraints
5.3.1 Seasonal Availability of Almonds and Fluctuating Prices of Raw Materials
5.4 Market Opportunities
5.4.1 Consumer Preference for Premium Confectionery
5.5 Future Trends
5.5.1 Organic and Low-Sugar Marzipan
5.6 Impact of Drivers and Restraints:
6. Marzipan Market – Global Market Analysis
6.1 Global Marzipan Market Revenue (US$ Million), 2021–2031
6.2 Global Marzipan Market Forecast Analysis
7. Global Marzipan Market Analysis – by Nature
7.1 Organic
7.1.1 Overview
7.1.2 Organic: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Conventional
7.2.1 Overview
7.2.2 Conventional: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
8. Global Marzipan Market Analysis – by Category
8.1 Low/No Sugar
8.1.1 Overview
8.1.2 Low/No Sugar: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Regular
8.2.1 Overview
8.2.2 Regular: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
9. Global Marzipan Market Analysis – by End User
9.1 Foodservice
9.1.1 Overview
9.1.2 Foodservice: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Food Retail
9.2.1 Overview
9.2.2 Food Retail: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Food Processing
9.3.1 Overview
9.3.2 Food Processing: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10. Global Marzipan Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Marzipan Market Overview
10.2.2 North America: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Marzipan Market Breakdown, by Nature
10.2.3.1 North America: Marzipan Market – Revenue and Forecast Analysis – by Nature
10.2.4 North America: Marzipan Market Breakdown, by Category
10.2.4.1 North America: Marzipan Market – Revenue and Forecast Analysis – by Category
10.2.5 North America: Marzipan Market Breakdown, by End User
10.2.5.1 North America: Marzipan Market – Revenue and Forecast Analysis – by End User
10.2.6 North America: Marzipan Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Marzipan Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Marzipan Market Breakdown, by Nature
10.2.6.2.2 United States: Marzipan Market Breakdown, by Category
10.2.6.2.3 United States: Marzipan Market Breakdown, by End User
10.2.6.3 Canada: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Marzipan Market Breakdown, by Nature
10.2.6.3.2 Canada: Marzipan Market Breakdown, by Category
10.2.6.3.3 Canada: Marzipan Market Breakdown, by End User
10.2.6.4 Mexico: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Marzipan Market Breakdown, by Nature
10.2.6.4.2 Mexico: Marzipan Market Breakdown, by Category
10.2.6.4.3 Mexico: Marzipan Market Breakdown, by End User
10.3 Europe
10.3.1 Europe Marzipan Market Overview
10.3.2 Europe: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: Marzipan Market Breakdown, by Nature
10.3.3.1 Europe: Marzipan Market – Revenue and Forecast Analysis – by Nature
10.3.4 Europe: Marzipan Market Breakdown, by Category
10.3.4.1 Europe: Marzipan Market – Revenue and Forecast Analysis – by Category
10.3.5 Europe: Marzipan Market Breakdown, by End User
10.3.5.1 Europe: Marzipan Market – Revenue and Forecast Analysis – by End User
10.3.6 Europe: Marzipan Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Marzipan Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 Germany: Marzipan Market Breakdown, by Nature
10.3.6.2.2 Germany: Marzipan Market Breakdown, by Category
10.3.6.2.3 Germany: Marzipan Market Breakdown, by End User
10.3.6.3 France: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 France: Marzipan Market Breakdown, by Nature
10.3.6.3.2 France: Marzipan Market Breakdown, by Category
10.3.6.3.3 France: Marzipan Market Breakdown, by End User
10.3.6.4 Italy: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 Italy: Marzipan Market Breakdown, by Nature
10.3.6.4.2 Italy: Marzipan Market Breakdown, by Category
10.3.6.4.3 Italy: Marzipan Market Breakdown, by End User
10.3.6.5 United Kingdom: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 United Kingdom: Marzipan Market Breakdown, by Nature
10.3.6.5.2 United Kingdom: Marzipan Market Breakdown, by Category
10.3.6.5.3 United Kingdom: Marzipan Market Breakdown, by End User
10.3.6.6 Spain: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Spain: Marzipan Market Breakdown, by Nature
10.3.6.6.2 Spain: Marzipan Market Breakdown, by Category
10.3.6.6.3 Spain: Marzipan Market Breakdown, by End User
10.3.6.7 Rest of Europe: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Marzipan Market Breakdown, by Nature
10.3.6.7.2 Rest of Europe: Marzipan Market Breakdown, by Category
10.3.6.7.3 Rest of Europe: Marzipan Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific Marzipan Market Overview
10.4.2 Asia Pacific: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Marzipan Market Breakdown, by Nature
10.4.3.1 Asia Pacific: Marzipan Market – Revenue and Forecast Analysis – by Nature
10.4.4 Asia Pacific: Marzipan Market Breakdown, by Category
10.4.4.1 Asia Pacific: Marzipan Market – Revenue and Forecast Analysis – by Category
10.4.5 Asia Pacific: Marzipan Market Breakdown, by End User
10.4.5.1 Asia Pacific: Marzipan Market – Revenue and Forecast Analysis – by End User
10.4.6 Asia Pacific: Marzipan Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Marzipan Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 China: Marzipan Market Breakdown, by Nature
10.4.6.2.2 China: Marzipan Market Breakdown, by Category
10.4.6.2.3 China: Marzipan Market Breakdown, by End User
10.4.6.3 Japan: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 Japan: Marzipan Market Breakdown, by Nature
10.4.6.3.2 Japan: Marzipan Market Breakdown, by Category
10.4.6.3.3 Japan: Marzipan Market Breakdown, by End User
10.4.6.4 India: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: Marzipan Market Breakdown, by Nature
10.4.6.4.2 India: Marzipan Market Breakdown, by Category
10.4.6.4.3 India: Marzipan Market Breakdown, by End User
10.4.6.5 Australia: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 Australia: Marzipan Market Breakdown, by Nature
10.4.6.5.2 Australia: Marzipan Market Breakdown, by Category
10.4.6.5.3 Australia: Marzipan Market Breakdown, by End User
10.4.6.6 South Korea: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 South Korea: Marzipan Market Breakdown, by Nature
10.4.6.6.2 South Korea: Marzipan Market Breakdown, by Category
10.4.6.6.3 South Korea: Marzipan Market Breakdown, by End User
10.4.6.7 Rest of APAC: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: Marzipan Market Breakdown, by Nature
10.4.6.7.2 Rest of APAC: Marzipan Market Breakdown, by Category
10.4.6.7.3 Rest of APAC: Marzipan Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa Marzipan Market Overview
10.5.2 Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Marzipan Market Breakdown, by Nature
10.5.3.1 Middle East and Africa: Marzipan Market – Revenue and Forecast Analysis – by Nature
10.5.4 Middle East and Africa: Marzipan Market Breakdown, by Category
10.5.4.1 Middle East and Africa: Marzipan Market – Revenue and Forecast Analysis – by Category
10.5.5 Middle East and Africa: Marzipan Market Breakdown, by End User
10.5.5.1 Middle East and Africa: Marzipan Market – Revenue and Forecast Analysis – by End User
10.5.6 Middle East and Africa: Marzipan Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Marzipan Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 South Africa: Marzipan Market Breakdown, by Nature
10.5.6.2.2 South Africa: Marzipan Market Breakdown, by Category
10.5.6.2.3 South Africa: Marzipan Market Breakdown, by End User
10.5.6.3 Saudi Arabia: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: Marzipan Market Breakdown, by Nature
10.5.6.3.2 Saudi Arabia: Marzipan Market Breakdown, by Category
10.5.6.3.3 Saudi Arabia: Marzipan Market Breakdown, by End User
10.5.6.4 United Arab Emirates: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 United Arab Emirates: Marzipan Market Breakdown, by Nature
10.5.6.4.2 United Arab Emirates: Marzipan Market Breakdown, by Category
10.5.6.4.3 United Arab Emirates: Marzipan Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Marzipan Market Breakdown, by Nature
10.5.6.5.2 Rest of Middle East and Africa: Marzipan Market Breakdown, by Category
10.5.6.5.3 Rest of Middle East and Africa: Marzipan Market Breakdown, by End User
10.6 South and Central America
10.6.1 South and Central America Marzipan Market Overview
10.6.2 South and Central America: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: Marzipan Market Breakdown, by Nature
10.6.3.1 South and Central America: Marzipan Market – Revenue and Forecast Analysis – by Nature
10.6.4 South and Central America: Marzipan Market Breakdown, by Category
10.6.4.1 South and Central America: Marzipan Market – Revenue and Forecast Analysis – by Category
10.6.5 South and Central America: Marzipan Market Breakdown, by End User
10.6.5.1 South and Central America: Marzipan Market – Revenue and Forecast Analysis – by End User
10.6.6 South and Central America: Marzipan Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Marzipan Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Marzipan Market Breakdown, by Nature
10.6.6.2.2 Brazil: Marzipan Market Breakdown, by Category
10.6.6.2.3 Brazil: Marzipan Market Breakdown, by End User
10.6.6.3 Argentina: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: Marzipan Market Breakdown, by Nature
10.6.6.3.2 Argentina: Marzipan Market Breakdown, by Category
10.6.6.3.3 Argentina: Marzipan Market Breakdown, by End User
10.6.6.4 Rest of South and Central America: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Marzipan Market Breakdown, by Nature
10.6.6.4.2 Rest of South and Central America: Marzipan Market Breakdown, by Category
10.6.6.4.3 Rest of South and Central America: Marzipan Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning & Concentration
12. Company Profiles
12.1 Andre Prost, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Barry Callebaut AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Moll Marzipan GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Lübecker Marzipan-Fabrik v. Minden & Bruhns GmbH & Co. KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Alfrus Srl
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 E. Botham & Sons Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Terra Firma
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 KELMY PRODUCTS, S.A.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Atlanta Poland SA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Niederegger
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Fun Cakes
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Kondima Engelhardt GmbH & Co. KG
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 British Bakels (RF Renshaw)
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Edde Almond Paste, Inc.
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
12.15 PA Food Limited
12.15.1 Key Facts
12.15.2 Business Description
12.15.3 Products and Services
12.15.4 Financial Overview
12.15.5 SWOT Analysis
12.15.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Global Marzipan Market Segmentation
Table 2. List of Vendors
Table 3. Global Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Global Marzipan Market – Revenue and Forecast to 2031 (US$ Million) – by Nature
Table 5. Global Marzipan Market – Revenue and Forecast to 2031 (US$ Million) – by Category
Table 6. Global Marzipan Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 7. North America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 8. North America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 9. North America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 10. North America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 11. United States: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 12. United States: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 13. United States: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 14. Canada: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 15. Canada: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 16. Canada: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 17. Mexico: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 18. Mexico: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 19. Mexico: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 20. Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 21. Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 22. Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 23. Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 24. Germany: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 25. Germany: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 26. Germany: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 27. France: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 28. France: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 29. France: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 30. Italy: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 31. Italy: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 32. Italy: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 33. United Kingdom: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 34. United Kingdom: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 35. United Kingdom: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 36. Spain: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 37. Spain: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 38. Spain: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 39. Rest of Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 40. Rest of Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 41. Rest of Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 42. Asia Pacific: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 43. Asia Pacific: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 44. Asia Pacific: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 45. Asia Pacific: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. China: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 47. China: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 48. China: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 49. Japan: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 50. Japan: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 51. Japan: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 52. India: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 53. India: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 54. India: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 55. Australia: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 56. Australia: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 57. Australia: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 58. South Korea: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 59. South Korea: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 60. South Korea: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 61. Rest of APAC: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 62. Rest of APAC: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 63. Rest of APAC: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 64. Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 65. Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 66. Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 67. Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 68. South Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 69. South Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 70. South Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 71. Saudi Arabia: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 72. Saudi Arabia: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 73. Saudi Arabia: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 74. United Arab Emirates: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 75. United Arab Emirates: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 76. United Arab Emirates: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 77. Rest of Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 78. Rest of Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 79. Rest of Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 80. South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 81. South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 82. South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 83. South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 84. Brazil: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 85. Brazil: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 86. Brazil: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 87. Argentina: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 88. Argentina: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 89. Argentina: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 90. Rest of South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Nature
Table 91. Rest of South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by Category
Table 92. Rest of South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million) – by End User
List of Figures
Figure 1. Global Marzipan Market Segmentation, by Geography
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Marzipan Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Global Marzipan Market Revenue (US$ Million), 2021–2031
Figure 6. Global Marzipan Market Share (%) – by Nature (2023 and 2031)
Figure 7. Organic: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Conventional: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Global Marzipan Market Share (%) – by Category (2023 and 2031)
Figure 10. Low/No Sugar: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Regular: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Global Marzipan Market Share (%) – by End User (2023 and 2031)
Figure 13. Foodservice: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Food Retail: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Food Processing: Marzipan Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Global Marzipan Market Breakdown by Region, 2023 and 2031 (%)
Figure 17. North America: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 18. North America: Marzipan Market Breakdown, by Nature (2023 and 2031)
Figure 19. North America: Marzipan Market Breakdown, by Category (2023 and 2031)
Figure 20. North America: Marzipan Market Breakdown, by End User (2023 and 2031)
Figure 21. North America: Marzipan Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 22. United States: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Canada: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Mexico: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Europe: Marzipan Market Breakdown, by Nature (2023 and 2031)
Figure 27. Europe: Marzipan Market Breakdown, by Category (2023 and 2031)
Figure 28. Europe: Marzipan Market Breakdown, by End User (2023 and 2031)
Figure 29. Europe: Marzipan Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 30. Germany: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. France: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Italy: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. United Kingdom: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Spain: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Rest of Europe: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Asia Pacific: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Asia Pacific: Marzipan Market Breakdown, by Nature (2023 and 2031)
Figure 38. Asia Pacific: Marzipan Market Breakdown, by Category (2023 and 2031)
Figure 39. Asia Pacific: Marzipan Market Breakdown, by End User (2023 and 2031)
Figure 40. Asia Pacific: Marzipan Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 41. China: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Japan: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. India: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Australia: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. South Korea: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Rest of APAC: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. Middle East and Africa: Marzipan Market Breakdown, by Nature (2023 and 2031)
Figure 49. Middle East and Africa: Marzipan Market Breakdown, by Category (2023 and 2031)
Figure 50. Middle East and Africa: Marzipan Market Breakdown, by End User (2023 and 2031)
Figure 51. Middle East and Africa: Marzipan Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 52. South Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. Saudi Arabia: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. United Arab Emirates: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Rest of Middle East and Africa: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. South and Central America: Marzipan Market Breakdown, by Nature (2023 and 2031)
Figure 58. South and Central America: Marzipan Market Breakdown, by Category (2023 and 2031)
Figure 59. South and Central America: Marzipan Market Breakdown, by End User (2023 and 2031)
Figure 60. South and Central America: Marzipan Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 61. Brazil: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 62. Argentina: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 63. Rest of South and Central America: Marzipan Market – Revenue and Forecast to 2031(US$ Million)
Figure 64. Heat Map Analysis
Figure 65. Company Positioning & Concentration
The List of Companies - Marzipan Market
- Andre Prost, Inc.
- Barry Callebaut AG
- Moll Marzipan GmbH
- Lübecker Marzipan-Fabrik v. Minden & Bruhns GmbH & Co. KG
- Alfrus Srl
- Fun Cakes
- Kondima Engelhardt GmbH & Co. KG
- British Bakels
- Edde Almond Paste, Inc.
- PA Food Limited
- E. Botham & Sons Ltd
- Terra Firma
- KELMY PRODUCTS, S.A.
- Atlanta Poland SA
- Niederegger
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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