Marzipan Market - Forecast(2024 - 2030)

Marzipan Market size is estimated to reach $1.6 billion by 2027, growing at a CAGR of 2.6% during the forecast period 2022-2027. Marzipan is a confection including principal sugar, honey, and almond meal (ground almonds), at times reinforced with almond oil or extract. Propylene glycol (1,2-propanediol, PG) is a solvent typically utilized in the making of commercial food flavorings. Bruker establishes and enforces an array of analytical systems in food testing that utilize high field nuclear magnetic resonance (NMR) systems and time-domain TD-NMR benchtop systems. TD-NMR’s trustworthy and accurate technique is also perfect for deciding oil and moisture content in products like chips, crisps, nuts, milk powder, dried sausages, dried marzipan, and candies – utilizing clear calibration techniques based on merely 3-5 samples. Alginic acid, also termed algin or alginate, is an anionic polysaccharide dispersed extensively in the cell walls of brown algae, inclusive of Laminaria and Ascophyllum species. It is designed by linear block copolymerization of d -mannuronic acid and l -guluronic acid. The potential of water molecules to progress from a hypotonic solution (more water, fewer solutes) to a hypertonic solution (less water, more solutes) across a semi-permeable membrane sets up osmotic potential.

Conventionally, entrenched in European food culture, the surging acceptance of Marzipan by an assortment of cultures across the globe is set to drive the Global Marzipan Market. The appealing characteristic for health-conscious customers is that Marzipan is a product augmented with protein and organic colors boosting its demand and recognition in conjunction with the application of high field nuclear magnetic resonance (NMR) systems for concluding oil and moisture content in products like dried marzipan and this is set to propel the growth of the Global Marzipan Market during the forecast period 2022-2027. This represents the Global Marzipan Industry Outlook.

Report Coverage

The report: “Marzipan Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Marzipan Market.

By Type: Finished Product, Semi-Finished Product.
By Application: Direct, Cake, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, North America Global Marzipan Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the surging recognition of marzipan with the utilization of high field nuclear magnetic resonance (NMR) systems for deciding oil and moisture content in products like dried marzipan in the North American region.
• Global Marzipan Market growth is being driven by the incontestable recognition of confectionery products utilizing a creamy blend of almonds and sugar processed into a paste form and applied in the making of numerous confectionery products like cake dressings, candies, chocolates, and cookies amid several others with the usage of high field nuclear magnetic resonance (NMR) systems for deciding oil and moisture content in products like dried marzipan. However, owing to the presence of allergen termed tree nuts or almonds, numerous people endure allergic reactions to marzipan and this is one of the major factors hampering the growth of Global Marzipan Market. 
• Global Marzipan Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Marzipan Market report.

Marzipan Market Segment Analysis – By Type

The Global Marzipan Market based on type can be further segmented into Finished Products and Semi-Finished Products. The Finished Product Segment held the largest market share in 2021. This growth is owing to the surging demand for the finished product owing to the consumer and functional characteristics of Marzipan pastes. Finished Marzipan is available in two categories termed Original and Flavored Marzipan and high field nuclear magnetic resonance (NMR) systems have been utilized for concluding oil and moisture content in products like dried marzipan. The application of progressive technologies in the agricultural activities and developed processed food sector is further propelling the growth of the Finished Product segment.

Furthermore, the Finished Product segment is estimated to grow with the fastest CAGR of 4.3% during the forecast period 2022-2027 owing to the surging government initiatives to advance technological progress in conjunction with the use of high field nuclear magnetic resonance (NMR) systems for deciding oil and moisture content in products like dried marzipan.

Marzipan Market Segment Analysis – By Application

The Global Marzipan Market based on the application can be further segmented into Direct, Cake, and Others. The Direct segment held the largest market share in 2021. This growth is owing to the soaring recognition of Marzipan as a ready-to-eat product in different parts of the world, particularly Europe and North America. High field nuclear magnetic resonance (NMR) systems have been applied for deciding oil and moisture content in products like dried marzipan. The health advantages of Marzipan like the presence of minerals like calcium, potassium, and magnesium are further propelling the growth of this segment.

Furthermore, the Cake segment is estimated to grow with the fastest CAGR of 3.7% during the forecast period 2022-2027 owing to the extensive application of Marzipan in wedding and Christmas Cakes, pastries, and cookies apart from the application of high field nuclear magnetic resonance (NMR) systems for concluding oil and moisture content in products like dried marzipan.

Marzipan Market Segment Analysis – By Geography

The Global Marzipan Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. North America (Global Marzipan Market) held the largest share with 39% of the overall market in 2021. The growth of this region is owing to the soaring application of Marzipan in cakes and pastries in the North American region. High field nuclear magnetic resonance (NMR) systems have been utilized for concluding oil and moisture content in products like dried marzipan. The effortless availability of Marzipan in cans for baking is further propelling the growth of the Global Marzipan Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the surging application of Marzipan in Christmas Cakes and the heightened acceptance of western dietary patterns in the Asia-Pacific region. The expanding application of Marzipan paste as a baking added ingredient apart from the application of high field nuclear magnetic resonance (NMR) systems for deciding oil and moisture content in products like dried marzipan is further fueling the progress of the Global Marzipan Market in the Asia-Pacific region.

Marzipan Market - Drivers

Surging Applications Of Marzipan In Confectioneries Are Projected To Drive The Growth Of the Marzipan Market:

Marzipan is one of the earliest delicacies. Marzipan is genuinely a blend of almonds pounded into powder with powdered sugar, which leads to a rubber-like paste. Marzipan includes 25% fat, 8% protein, 57% carbohydrates, 3% fiber and 5% water. The constituents are integrated seamlessly. There is no requirement for an added bonding agent. Actual marzipan is practically an elegant almond paste with rare taste qualities. If some delicacy includes at least 14% almond butter, it can be termed Marzipan. Marzipan is a food delight which is a paste, prepared of sweet and sour almonds and sugar and at times, even rose water. It can be partaken directly owing to it being ready to eat the product. It is extensively utilized in confectioneries owing to its rubbery sweet taste. Consumers have a greater inclination toward Marzipan owing to its effortless preparation and application in molding. High field nuclear magnetic resonance (NMR) systems are utilized for determining oil and moisture content in products like dried marzipan. The surging applications of Marzipan are therefore fuelling the growth of the Global Marzipan Market during the forecast period 2022-2027.

Soaring Innovations In Marzipan Are Expected To Boost The Demand For Marzipan:

Marzipan includes 492 calories per 100g, which is 112% greater than other foods in Sweets. Apart from the application of high field nuclear magnetic resonance (NMR) systems for concluding oil and moisture content in products like dried marzipan, proliferating innovations in Marzipan are fuelling the growth of the Global Marzipan Market. Ritter Sport‘s accidentally vegan range involves Ritter Sport Marzipan, the top Marzipan chocolate in the U.K., and two Ritter Sport Cocoa Selection bars including 61% Fine dark chocolate from Nicaragua and 74% Intense dark chocolate from Peru. Comparable to the complete series of Ritter, these bars are prepared from 100% authorized sustainable cocoa and 100% organic constituents. Marzipan is accessible across the U.K. from Sainsbury’s Waitrose, OCADO, Morrisons, Wilko, and most wholesalers inclusive of Bestway & Dhamecha. 74% Intense is accessible from OCADO and 61% fine together with the rest of the series accessible from Ritter Sport’s online Choco Shop. Vegan and sugar-free Marzipans may also be prepared. The soaring innovations in Marzipan are therefore driving the growth of the Global Marzipan Market during the forecast period 2022-2027.

Marzipan Market – Challenges

Existence Of Substitutes Are Hampering The Growth Of The Marzipan Market:

In its entirety, 46% of the calories in Marzipan come from fat, 7% from protein, and 46% from carbohydrates. In July 2016, GoodMills Innovation introduced PHÖNIX Imitation Marzipan, a cost-efficient constituent that can be processed in versatile ways and is a substitute for marzipan for nut allergy endurers. PHÖNIX Imitation Marzipan is a cereal-based powdered marzipan substitute for application in the manufacture of fine baked goods. Relying on the area of use, a groundmass is manufactured either exclusively with water or added with the whole egg. As it is free from nut constituents, PHÖNIX Imitation Marzipan is not based on the variable market price for almonds, and quality is standardized all through the year, making costings more effortless for manufacturers. Its nut-free premise also permits products to be positioned as appropriate for nut allergy sufferers. The existence of alternatives to Marzipan is thus hampering the growth of the Global Marzipan Market.

Marzipan Industry Outlook:

Novel product launches, mergers & acquisitions, principal collaborations, and potential partnership agreements are key strategies adopted by players in the market. The Global Marzipan top 10 companies include:

1. Niederegger
2. Zentis
3. Moll Marzipan
4. Georg Lemke
5. Carstens
6. Renshaw Baking
7. Atlanta Poland S.A.
8. Lubeca
9. TEHMAG FOODS
10. Marzipan Specialities Inc.

Recent Developments

• In May 2021, Cargill announced the acquisition of Leman Decoration Group, a provider of cake embellishments across the bakery sector, for an unrevealed sum. The contract will examine Cargill extending its offerings in the embellishments space, allowing its cocoa and chocolate business to serve gourmet customers in a more excellent manner in Europe and throughout the world. Set up in 1963, Leman Decoration Group is a manufacturer of cake embellishments in chocolate, sugar, and marzipan.
• In January 2021, Dublin-based Valeo Foods was gaining Schluckwerder Group, manufacturer of Lübeck marzipan, from German investment firm Novum Capital. At the end of 2018, Novum Capital commenced establishing a novel leadership team for Schluckwerder Group, inclusive of a CEO, COO, and CFO. This permitted previous Rolf Schluckwerder to withdraw.
• In July 2020, Niederegger marzipan expanded its packaging systems with essential backing from Gerhard Schubert. For managing its well-entrenched conventional confectionery series, the firm from Lübeck required a specifically compact line with clear format alterations to manage its marzipan lines. As the business recognized, subsequent to significant research its array of pralines is now packed on a TLM machine from Crailsheim-based Gerhard Schubert, with the firm’s lighting array proving a robust fit for its product collection.

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