Summary

The marzipan market size is projected to reach US$ 1.09 billion in 2023 to US$ 1.51 billion by 2031; it is estimated to register a CAGR of 4.1% from 2023 to 2031.

The demand for bakery and confectionery products is on the rise globally. Europe dominated the marzipan market in 2023. The region is the largest producer of this product across the world. Germany, Italy, and Spain are among the most significant contributors to the regional 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 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. Marzipan is widely used to make confectionery, desserts, and as filling and frosting in bakery products such as cakes, croissants, pastries, muffins, and holiday cookies. European countries like 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 marzipan market share.

Moreover, the rising trend of gifting artisanal confections and baked goods on special occasions like birthdays, weddings, festivals, etc. is also boosting the marzipan demand across the food processing, retail, and foodservice sectors. For instance, the growing popularity of marzipan covered chocolates and a significant demand for baked goods such as cakes, pastries, and cookies result 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. The consumers in the country traditionally add rosewater to the marzipan to give it a floral note



Based on nature, the marzipan market report is bifurcated into organic and conventional. The organic segment is projected to register the fastest CAGR from 2023 to 2031. 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.

The marzipan market report comprises of 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 as some of the key players operating in the market. Players operating in the marzipan market focus on providing innovative and healthy products at affordable prices to fulfill customer demand contributing to the marzipan market growth.

The overall marzipan market growth has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the marzipan market contributes to the marzipan market share.

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Table of Contents

TABLE OF CONTENTS

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