As per the recent research report published by Fact.MR, the global Marzipan Market Sales is on course to achieve a highly eye-catching growth during 2018 to 2028
The report begins with a brief presentation and overview of the Marzipan market, about the current market landscape, trends, major Key players, product type, application, and region. It also includes the impact of COVID-19 on the global Marzipan market future forecasts, growth opportunities, end-user industries.
Introduction
The marzipan market is estimated to witness a steady outlook against the backdrop of persistently rising demand for confectionery products. A creamy mixture of almonds and sugar is processed into a paste form and is utilized in the preparation of multiple confectionery products including cake dressings, candies, chocolates, cookies, and marzipan schwein among many others.
Evident popularity of these confectionery products is expected to fuel the growth of the marzipan market in coming years. Although deeply rooted in European food culture, marzipan has been embraced by a variety of culture worldwide, ensuring steady growth of the marzipan market in the global space.
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While European countries embrace marzipan as a traditional food during the wedding and religious feasts, Latin America has been embracing marzipan-like sweet called mazapan which has peanut in place of almonds.
American culture is more familiar to miniature fruit shapes made from marzipan. With the widespread adoption and fondness of marzipan, the marzipan market is expected to grow at an impressive rate in the near future.
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Further, the Marzipan market Survey report emphasizes the adoption pattern And Demand of Marzipan across various industries.
The Sales Analysis research provides detailed information about the key segments, driving and restraining factors, geographical outlook, and the present situation of the vendor landscape of the global Marzipan market Outlook. The Key trends Analysis of Marzipan Market also provides dynamics that are responsible for influencing the future Sales and Demand.
Marzipan Market Outlook
Confectionery products are a special treat that plays an essential role in celebrations, festivals, and family events. Indulging consumer’s desire for chocolates, sweets, and candies has an upsurge in the growth of confectionery industry worldwide.
According to U.S. Census Bureau, in 2010, the per capita consumption of candies by U.S. population was 11.2 kg. Thus, expanding demand for high-end chocolates, cakes, mints spikes during holidays, such as Christmas, Valentine’s Day, and many other occasions’ accounts for growth in the confectionery businesses globally.
Marzipan is a confection which is mainly made of powdered sugar or honey, and ground almonds sometimes augmented with almond extract. Due to its elasticity mixture feature, it is used to prepare a variety of marzipan products without any additives such as candies, cakes, marzipan flowers, fruits, dessert decorations, biscuits, and others.
In Europe, marzipan is a traditional dessert which is prepared rather fixed then colored, baked, and molded into flower and small animal shapes. In most of the countries worldwide marzipan is mostly used to make Easter eggs, Christmas cakes, and sweets.
As manufacturers in the confectionery industry continue to introduce traditional as well as novel marzipan products, the global demand for marzipan is set to witness a positive growth trajectory in future.
However, the presence of other sweet alternatives and trend of DIY to make marzipan at home are factors expected to confine progress of the marzipan market.
After glancing through the report on global Marzipan market Demand, readers will get valuable insight into the following:
- What opportunity Trends and drivers await the market in the forthcoming years?
- Which of the regions are likely to offer plethora of opportunities for the global Marzipan market Demand?
- What are the emerging Sales revenue streams for the Marzipan market?
- What are the business models and technologies with disruptive potential?
- Precise Year-on-Year growth of the Marzipan market Share?
The Survey report highlights the growth factors and entry barriers for the key players and talks about the new trends emerging in the global Marzipan market. In addition to this, the study sheds light on changing market size, revenue growth, and share of important product segments.
Analysts at Fact.MR give prominent data on recent technological developments and product developments in the Marzipan Demand during the assessment period.
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Opportunities for Marzipan Market Participants
The European market is likely to be the foremost market in the global marzipan market owing to high demand for marzipan for making Christmas cakes along with the availability of marzipan into various shapes such as snowmen, pigs, and Christmas trees. Companies in the market are focusing on widening their product portfolio to have a competitive edge in the market.
The Sales study on the Marzipan market offers a scrutiny of the demand and consumption volumes, factors affecting these, and share and size of the various end-use segments.
The Marzipan Demand study has identified the segments that are expected to contribute major shares to the revenues.
Global Marzipan: Market Segmentation
Based on flavor, the marzipan market is segmented into the following –
- Vanilla
- Chocolate
- Nuts & Cereals
- Spices
- Fruits
- Beverages
- Others
Based on packaging, the marzipan market is segmented into the following –
Based on distribution channel, the marzipan market is segmented into the following –
- Direct
- Indirect
- Store-based Retailing
- Hypermarket/Supermarket
- Convenience Stores
- Specialty Stores
- Food & Drinks Health Stores
- Online Retailer
Marzipan Market: Reasons for Covering this Title
Nowadays, marzipan gets a lot of attention among consumers due to rising popularity of to-go cake products which is expected to grow the market at a rapid growth rate in the near future.
The marzipan market is anticipated to perform well during the forecast period, as consumer’s preference for multivariate confectionery products is changing along with the rise in demand for protein-enrichment and sweets with organic colors.
Growing availability of marzipan products with natural color and flavor, and an upsurge in the cake businesses to cater to the growing customer demand for custom cakes including Christmas cakes, wedding cakes as well as innovative-decorated cakes for special occasions.
Moreover, increasing in the number of celiac patients along with growing health consciousness among consumer there in expanding demand for gluten-free products in the market.
Key Developments in the Global Marzipan Market
In 2016, GoodMills GmbH has introduced cereal based marzipan in the powdered form used in the production of baked goods. This cereal based marzipan is versatile in use developed either entirely with water or with whole egg. It is made from the nut-free component which allows products to be placed for specific customers with the nut allergy.
In 2015, J. G. Niederegger GmbH & Co. KG introduced a novel marzipan product for men namely “Man Stuff,” in which marzipan is colored slightly with bitter flavors like whiskey and cashews with virile packaging like toolboxes.
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To gain a deep understanding of the competitive landscape in the global Marzipan market better, the Survey report covers the profile of the following top players:
The business pattern of each player has been elaborately discussed in the Marzipan Demand report. This includes innovative product launches, partnerships, mergers and acquisitions, joint ventures, and others. Besides this, the Marzipan Market Size report also encompasses the possible threats and possible growth opportunities that the Key players may face during the forecast period.
Global Marzipan Market: Key Players
Some of the key players operating in the global Marzipan market are J. G. Niederegger GmbH & Co. KG, Zentis GmbH & Co. KG, Moll Marzipan GmbH, Odense Marcipan Company, Georg Lemke GmbH u. Co. KG, Carstens Lübecker Marzipan, JF Renshaw Ltd., ATLANTA Poland S.A., Horst Schluckwerder OHG, Aachener Printen- und Schokoladenfabrik Henry Lambertz GmbH & Co. KG, KONDIMA Engelhardt GmbH & Co. KG, Sonneveld GmbH, Lanwehr GmbH, GoodMills Innovation GmbH, LUZYCKIE PRALINY Sp. z o.o., Weseke Dragees GmbH, EDNA International GmbH, among others.
Emergence of small enterprises, rise in per capita consumption of confectioneries, changing consumer taste and preference for baked foods, cakes, and expanding in-store bakeries are the factors accelerating the growth of the global marzipan market.
In Italy and Greece, marzipan is a traditional food which is mainly consume during festivities such as weddings, Christmas, and religious festival days.
All these factors indicate a significant growth in the marzipan market during the forecast period. However, rise in price of almonds and availability of alternative may hamper the growth of marzipan market in the near future.
How will be insights and estimations provided in the Fact.MR report on the Demand Of Marzipan make a difference:
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of the Marzipan market Size and shares.
- Provides scrutiny of the Marzipan market industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the Sales and size of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Marzipan Market demand.
- Analyzes how collaborations and partnerships among players from different industries shape the Marzipan market growth dynamics in the near future
- Evaluates the role of various stages of funding on Marzipan market Sales avenues in key regional markets.
The Sales Analysis report on the Marzipan market discusses the possible outcomes of investment in certain strategies that can be adopted during the forecast period for generating revenues & Sales growth. The main objective of the Survey report Of Marzipan is to draw a basic outline of the market Outlook and describe its classification.
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