Europe Marzipan Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 128 | Report Code: BMIRE00031795 | Category: Food and Beverages
No. of Pages: 128 | Report Code: BMIRE00031795 | Category: Food and Beverages
The Europe marzipan market size is expected to reach US$ 658.12 million by 2031 from US$ 503.81 million in 2023. The market is estimated to record a CAGR of 3.4% from 2023 to 2031.
Europe holds the largest share of the marzipan market as 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. It is incorporated as a key ingredient in traditional European pastries, which have gained popularity as a traditional holiday dessert, especially during Christmas. Consumers in the region widely use marzipan as an ingredient to prepare Christmas cookies, cakes, and other sweet treats. This leads to an increased demand for bakery and confectionery products in the region, particularly during the holiday seasons. Moreover, some European countries are among the largest producers of almonds in the world, which is the main ingredient used to produce marzipan. For instance, the European Union accounted for 10% of the global almond production, i.e., 147,700 metric tons of almonds, in 2023. Spain, Italy, Greece, and Germany are a few of the prominent almond producers in the region. The easy availability of almonds as a raw material to produce marzipan favors the marzipan market progress in the region.
Key segments that contributed to the derivation of the marzipan market analysis are nature, category, and end user.
The demand for organic and low-sugar fruit fillings is attributed to the growing preference for healthier and environmentally conscious food choices. With an increasing focus on wholesome, natural ingredients, consumers are seeking convenient as well as nutritious options. Organic marzipans are appealing due to the raw material sourced from pesticide-free cultivation methods, preserving the integrity of products. According to the World Organic Agriculture, European consumers spent ~63.6 euros per person on organic food in 2020. The demand for low-sugar marzipan is attributed to the surging demand for healthier sweets with lower glycemic indices than their high-sugar counterparts. According to the Dawn Bakery Trends Survey 2022, one in two consumers (i.e., ~50%) in the UK seek healthier, low-sugar baked goods options. In addition, the demand for low-sugar marzipan is attributed to the changing consumer demographics and preferences. The young generation, particularly millennials and Gen Z, are more inclined to make purchasing decisions based on ethical considerations, including environmental sustainability, animal welfare, and overall product transparency. These consumers are more likely to buy organic and sugar-free options as they perceive them as part of a holistic, conscious lifestyle. Thus, organic and low-sugar marzipan varieties are emerging as significant marzipan market trends.
Based on country, the Europe marzipan market comprises Germany, France, Italy, the UK, Spain, and the Rest of Europe. The Rest of Europe held the largest share in 2023.
Switzerland, Belgium, Cyprus, Greece, Hungary, Ireland, Russia, Slovakia, and Denmark are the prominent countries in the Rest of Europe. Several traditional practices that take place in these countries drive the demand for marzipan, especially during holidays and festive seasons. For instance, in Geneva, Switzerland, marzipan fruits are filled with chocolate cauldron during the yearly celebration of L’Escalade, commemorating the battle of 1602.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 503.81 Million |
| Market Size by 2031 | US$ 658.12 Million |
| Global CAGR (2023 - 2031) | 3.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Nature
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Some of the key players operating in the market include Alfrus Srl; Atlanta Poland SA; Barry Callebaut AG; British Bakels (RF Renshaw); E. Botham & Sons Ltd; Fun Cakes; KELMY PRODUCTS, S.A.; Kondima Engelhardt GmbH & Co. KG; Lübecker Marzipan-Fabrik v. Minden & Bruhns GmbH & Co. KG; Moll Marzipan GmbH; Niederegger; and PA Food Limited among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Europe Marzipan Market is valued at US$ 503.81 Million in 2023, it is projected to reach US$ 658.12 Million by 2031.
As per our report Europe Marzipan Market, the market size is valued at US$ 503.81 Million in 2023, projecting it to reach US$ 658.12 Million by 2031. This translates to a CAGR of approximately 3.4% during the forecast period.
The Europe Marzipan Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Marzipan Market report:
The Europe Marzipan Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Marzipan Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Marzipan Market value chain can benefit from the information contained in a comprehensive market report.
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