Global Marzipan Market Research Report by Type, Application, Region - Growth Forecast from 2020 to 2029

“Global Marzipan Market” is an upcoming research report to be published on MarketResearch.biz. The marzipan market segmentation provides our clients with a deeper understanding of the market for clear decision making. The report will give a competitive edge to clients with new industry data, trends, restraints, revenue opportunities, etc. The global marzipan market report includes key players, strategies, mergers & acquisitions, etc. Opinions and views of industry experts are a part of this report that is based on applications, type, end-users, region & countries. Market prospects, historical data, Compounded Annual Growth Rate (CAGR), and Y-O-Y growth are analyzed to gain a perspective of the global marzipan market. The marzipan market is estimated to register a CAGR of XX% during the forecast period. The marzipan market size is estimated to reach US $XX million by 2029 from US $XX million in 2019.

Overview

Marzipan is a confection made by combining two primary ingredients, almond meal and sugar or honey. Depending on personal choice, it may also have almond extract or oil. Marzipan is often used to make sweets, cut out to make cookies, icing, or rolled into thin sheets. Every region uses marzipan in a different way, which has effects on the marzipan market of that area. In certain locations, marzipan paste is used as a baking component. Marzipan is associated with celebrations and festivals around the globe. The wide range of use of marzipan, and its popularity is going to expand during the forecast period.

Dynamics

Marzipan production is becoming more industrialized by the day. Technological advancements are fueling the production process and increasing its efficiency. While the making of marzipan only requires two ingredients, there is a lengthy process that precedes it. Raw almonds need to be processed naturally. After cleaning them in hot water, they are blanched. This loosens the brown skin of the almonds, and is removed by passing them through husking machines. Most of the imperfect almonds are removed by the electronic sorting machine. The remaining defective almonds are plucked out manually.

Every marzipan production factory has its special recipe to follow, subject to set rules. The computer-controlled production is programmed to ensure that the preparation process remains the same throughout batches. According to the recipe, pre-crushed almonds are mixed with sugar and water in the correct proportions.

The marzipan mixture is ground by granite rolls to ensure that it has the right texture. Rotating copper roasting boilers are used to heat the mixture to produce high-quality marzipan. Once the mixture is cool, it is cut into blocks, packed, and stored at approximately 16⁰ C. The marzipan blocks are checked for quality after a few hours of sitting in the cooler and retaining its aroma. Lastly, they are shipped to stores in various regions.

There is an increasing demand for marzipan around the world. 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. Emerging countries show a rise in disposable income amongst its residents which influences people to purchase marzipan products from the store. Apart from this, several other factors are added in the report that justifies the position of the global marzipan market.

High prices of dry fruits, including almonds, walnuts, and pistachios is one of the restraints that may hinder the growth of the global marzipan market.

Global Marzipan Market Regional Analysis

North America leads the marzipan market owing to the popularity of marzipan and its products. Vast amounts of indisposable income also accounts for the sales of marzipan in this region. The demand for marzipan products is estimated to increase during the forecast period. The marzipan market in Europe follows North America in terms of demand because of the wide use of marzipan in its raw form. The marzipan market in Latin America, Middle East & Africa are also estimated to expand in the near future. There is tremendous scope in terms of demand vs supply.

Global Marzipan Market Segmentation

By Product Type

• Finished product
• Semi-finished product

By Application

• Direct
• Cake
• Other

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa