Global Maple Syrup Market Insights and Trends, Positive and Negative Factors, Areas to Focus on, Potential Markets, Key Developments, Segments and Verticals, and Forecast 2019 – 2028

Maple Syrup: Product Overview

“Global Maple Syrup Market” is anticipated to be valued at US$ X.X Mn in 2019 and is projected to reach a value of US$ X.X Mn in 2028. The global maple syrup market report has been segmented on the basis of type, distribution channel, and region.

Maple syrup is a sweet and thick liquid made using sap obtained from various maples, but mostly from sugar maple, red maple, and black maple trees.

There are several different grades of maple syrup available which can be characterized by their color. Maple syrup can be considered a less bad substitute for sugar and is widely used to pour over bakery products.

Key factors anticipated to propel the growth of the target market are growing awareness regarding the nutritional value of maple syrup and related products such as calcium, magnesium, and potassium among individuals across the globe.

In addition, rising disposable income, changing food consumption habits, rising awareness regarding the health benefits of consumption of maple syrup, and increasing demand for bakery products such as pancakes, waffles, etc. are among other major factors expected to fuel the target market growth.

Furthermore, the growing food and beverages industry, rising demand for natural and organic substitute sweeteners, constant development, and introduction of new products with innovative flavors are some other factors expected to propel market growth in the years to come.

However, fluctuations in prices of raw materials, availability of other natural sweeteners, and rising health consciousness among individuals leading to cutting down on consumption of sugars are factors that could hamper the growth of the global maple syrup market to some extent.

Key Market Trends:

One of the key trends witnessed in the target market, currently is that various major players are launching new maple syrup products in order to cater to the growing demand for healthy products.

For instance, in April 2018, Polaner, a manufacturer of fruit-based jams and jellies and spreads, launched Fruit and Maple Spread – a sweetener that has golden maple grove farms pure maple syrup and is available in four different flavors namely strawberry, raspberry, blueberry, and peach.

Segmental Analysis:

By Type:

Among the segments based on type, the organic segment is expected to dominate in the target market, owing to the increasing demand for natural and plant-based food products.

By Distribution Channel:

Among the segments based on distribution channels, the supermarkets and hypermarkets segment is expected to dominate in terms of revenue in the global market.

The online retail segment is anticipated to register a higher CAGR over the next 10 years, owing to growing usage of the Internet and penetration of smartphones across the globe.

Regional Analysis:

The North American market accounted for the dominant share in the global maple syrup market in terms of value in the last year. This can be primarily attributable to the presence of major players, and the higher spending capacity of individuals in countries such as the US and Canada.

The Europe market is anticipated to account for the second-highest revenue share in the global market, owing to the high consumption of bakery products and the high demand for maple syrup with bakery products by individuals in the countries in Europe.

The Asia Pacific maple syrup market is projected to be among the emerging markets for maple syrup products and is anticipated to grow at the highest growth rate over the 10-year period, owing to rising demand for natural sweeteners, growing awareness regarding maple syrup and the benefits of maple syrup in developing countries, rising demand for baked food products and incorporation of natural ingredients for making sweets in the region.

The market in MEA and Latin America is estimated to register moderate revenue growth in the global maple syrup market over the next 10-year period.

Global Maple Syrup Market Segmentation:

Segmentation by Type:

• Conventional
• Organic

Segmentation by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Independent Retailers
• Departmental Stores
• Online Retail

Segmentation by Region:

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