The size of the Middle East and Africa marzipan market is expected to be worth USD 0.07 billion in 2024 and grow at a CAGR of 1.05% from 2024 to 2029 to achieve USD 0.08 billion by 2029.
Marzipan is a confectionary product made up of sugar honey, and almond meals. The confection traces its origins to a German city, Lubeck. It is made into various products like sweets and chocolates covered with marzipan and marzipan imitations like fruits, vegetables, and wedding and Christmas cakes. In cakes, it is rolled into thin sheets and glazed. These are very common in Middle-East and African countries, particularly the UK, on large fruitcakes. Marzipan paste is used as a baking additive as in a stollen or blanket. The Famous traditional Swedish princess cake is covered with a various layer of marzipan that has been tinted pale green. During Christmas and New Year’s Day, it is shaped into small figures like animals and numbers and served as a traditional treat. It is also used in Tortell and in some types of king cake eaten during the carnival season.
The major drivers for the Middle-East and African marzipan market are growing diversity in the range of products, increasing trend of online retailing, consumers' preference for marzipan and other confectionery items, and a large number of marzipan products available in assorted sizes and ranges. However, factors like the unavailability of the product globally and a limited number of professionals for making marzipan are restraining the growth of the market.
This research report on the Middle East and African marzipan market is segmented and sub-segmented into the following categories.
Middle East and Africa Marzipan Market - By Basis of Type:
Middle East and Africa Marzipan Market - By Application:
Marzipan Cakes and Sweets had the largest segment accounting for more than 70% of the total market.
Middle East and Africa Marzipan Market - By Region:
The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, countries like the USA, China, and the UK are investing in the region, and this increased financial revenue will aid the food sectors in this region.
KEY MARKET PLAYERS:
Key players dominating the Marzipan market are Moll Marzipan, Niederegger, Odense Marcipan, Zentis, Atlanta Poland, Erasmi & Carstens, Georg Lemke, JF Renshaw, Lübecker Marzipan Fabrik v. Minden & Bruhns, Marzipan Specialties, Productos Kelmy and Tehmag Foods.
Frequently Asked Questions
Factors such as increasing disposable income, changing consumer preferences towards premium confectionery products, growing interest in baking and culinary arts, and expanding distribution channels are some of the key drivers contributing to the growth of the marzipan market in this region.
Challenges such as fluctuating raw material prices, competition from alternative confectionery products, regulatory issues related to food safety and labeling, and cultural preferences for local sweets over imported products can impact the marzipan market in this region.
The market size for marzipan in the Middle East and Africa varies depending on consumer demand, economic conditions, and industry trends. Market research reports typically provide up-to-date figures and forecasts for the marzipan market in specific regions.
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