According to Cognitive Market Research, the global marzipan market size was USD 1495.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.30% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 598.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.5% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 448.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 343.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 74.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 29.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
The fruits category is the fastest growing segment of the Marzipan industry
