Maple Syrup Market is valued at USD 779.63 Million in 2018 and expected to reach USD 1135.23 Million by 2025 with the CAGR of 5.56 % over the forecast period
Maple syrup is a syrup made from the sap of sugar maple, red maple, or black maple trees. Maple syrup is often used as a condiment for pancakes, waffles, French toast, oatmeal or porridge. It is widely used in baking, bakery, confectionary industry. Maple syrup has many nutritional properties and health benefits such as ability to lower inflammation, supply nutrients and manages blood sugar level. These beneficial properties of maple syrup are motivating consumers to shifts towards sweeteners which are more healthful such as maple syrup, among others. There is, potentially, great appeal of organic maple syrup for consumers interested in sweeteners that carry a healthier halo, who want to avoid pesticides, preservatives, artificial colors and HFCS, or who seek out non-GMO foods. Increasing cases of obesity coupled with the shifting consumers’ preferences towards using more healthy sweeteners are expected to accelerate the growth in maple syrup market globally within the forecast period.
The study provides a decisive view of the maple syrup market by segmenting the market based on type, raw material, distribution channel and region. On the basis of type the market was divided into conventional and organic. On the basis of raw material the global maple syrup market was segmented into sugar maple, black maple, red maple and others. On the basis of distribution channels of maple syrup the market was divided into Supermarkets and Hypermarkets, Convenience Stores, Independent Retailers and Others. The regions covered in Global Maple Syrup Market are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global Maple Syrup Market sub divided in to U.S., Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Brazil, Mexico, GCC, Africa, etc.
Key Players for Global Food Testing services market Reports–
Global maple syrup market report covers prominent players such as Quebec Maple Syrup Producers Association, Vermont Maple Sugar Company, Inc., NYS Maple Producers Association, Ontario Maple Syrup Producers Association, Pennsylvania Maple Syrup Producers Association, Thompson’s Maple Products, B&G Foods, Inc., The H. J. Heinz Company and Others.
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Maple syrup has many nutritional properties and health benefits which include the ability to lower inflammation, manage blood sugar levels etc. These beneficial properties of maple syrup are motivating consumers to shifts towards sweeteners which are more healthful such as maple syrup, among others. So, the consumers are now inclining more to use the more healthful sweeteners. Most of the world’s population lives in countries where overweight and obesity kills more people than underweight. Obesity levels are expected to be particularly high in the United States, Mexico and England, where 47%, 39% and 35% of the population respectively are projected to be obese in 2030. Moreover, producers are leaving behind their traditional ways of producing maple to use tubing systems, reverse osmosis and high-performance evaporators, all of which have made the industry effectively more efficient. Major manufacturers and suppliers have to come up with new innovative products to increase the demand of maple syrup among the customers.
Maple Syrup market is dominated by North America
North America held the largest share of the global maple syrup market in 2017 and is anticipated to continue the same within the forecast period, states the market study. Major share of this region is anticipated to be contributed by Canada as it is the leading global producer of maple products. The dominance was attributed to the rising demand for organic maple syrups in industrial and non-industrial applications and the shifting consumer preferences in this region. In addition, increased applications of maple syrup in the bakery, confectionary, cereal and dairy industries and the rise in obesity rates are also expected to increase the demand for maple syrup in this region within the forecast period.
Key Benefits for Global food Testing Services Market Report:-
- Global market report covers in depth historical and forecast analysis.
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Maple Syrup Market Segmentation –
By Raw Material
- Sugar Maple
- Black Maple
- Red maple
By Distribution Channel
- Supermarkets and Hypermarkets
- Independent retailers
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa