Home > Food & Beverages > Global Maple Syrup Market Worth, Trends to 2029
Straits Research

Maple Syrup Market

Maple Syrup Market: Information by Type (Sugar Maple, Black Maple, Red Maple), Product (Conventional Maple Syrup, Organic Maple Syrup), Distribution Channel, and Region — Forecast till 2030

Table of Content Download Sample

Market Snapshot

market snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
5.9 %
Fastest Growing Market:
North America
Largest Market:
Asia pacific

Maple syrup is primarily produced by saps collected in farms located in North America. It is produced from the xylem sap of three of the common species of maple trees. These are the black maple (acer nigrum), the sugar maple (acer saccharum), and the red maple (acer rubrum). The advent of the online retail sector and the rapidly growing mall culture have been among the most critical aspects, which has led to high awareness about maple syrup.

The sap should be fresh and cold to produce high-quality maple syrup. To achieve this, it has to be frequently gathered and boiled. This underlines the considerable number of operations involved in the production of maple syrup. The complications involved in manufacturing maple syrup restricts the entry of new players in this market.

Get more information on this report Download Sample Report

Market Dynamics

Maple Syrup as an Alternative to Sugar

There have been considerable changes in the lifestyles of the people. The Increasing number of desk jobs has resulted in a decrease in mobility, resulting in the reduction of body exercise. These factors have increased the prevalence of lifestyle diseases such as heart attacks, diabetes, and obesity, among other illnesses.

These aspects have led consumers to resort to an active lifestyle. There are diet plans available that suggests sugar alternatives. Maple syrup is promoted as an alternative for sugar. A decrease in sugar consumption is likely to lead to the prevention of illnesses such as obesity, diabetes, and other lifestyle diseases. In 2019, around 463 million adults were living with diabetes. This number is anticipated to go as high as 700 million by the year 2045, says the International Diabetes Federation. As the risk of occurrence of such illnesses is on the rise, consumers are likely to prefer variants of maple syrup over traditional sugar, which is expected to boost the growth of the maple syrup market. The total trade of refined sugar is considerably high, and the potential for partial replacement of sugar by maple syrup is significantly high.

Global Revenue Share of Refined SugarIncreasing Demand for Bakery Products to Witness Rise in Procurement of Maple Syrup

Over the last several decades, there has been an increase in the independent living trend and the number of independent households. This is attributed to the burgeoning urban population, which has steadily adopted the western culture of staying alone. These trends have also witnessed the rise in consumer spending, a majority of which is spent on fine dining and experience-based eating. This has increased the number of coffee shops, thereby driving the demand for baked goods. Coffee shops, in order to gain higher footfall, have also started to offer breakfast combinations, which often include baked products such as pancakes, bread, cookies, among other items. Maple syrup, owing to its low sugar content, is expected to emerge as an alternative for sugar syrup and honey and can be used as a flavoring agent in these baked goods. The steady rise in the consumption of bakery products is anticipated to drive the growth of the maple syrup market.

Revenue-Growth-of-Bread-and-Bakery-ProductsSegmental Overview

Low Priced Conventional Maple Syrup to Dominate the Product Type

Based on the product, it is classified into conventional maple syrup and organic maple syrup. The conventional maple syrup segment is anticipated to have a dominant market share, owing to the relatively lesser audit procedures required and the low pricing. However, organic maple syrup is expected to grow at a higher growth rate due to the increasing awareness about the benefits of choosing organic over conventional maple syrup. This growth rate will, however, be slower in emerging economies in regions such as Asia, and Central and South America, and the Caribbean on account of the lower market penetration and high cost of maple syrup.

High Price and Limited Availability of Maple Syrups Results in B2B Exchange

Based on the distribution channel, the market is segmented into the B2B channel and B2C channel. The B2B channel is anticipated to hold the highest share in terms of value and volume. The high price of the product and its limited availability in regions outside the Americas is likely to result in buyers involved in running cafés and restaurants to be among the major consumers of this product. B2C is expected to achieve the highest growth rate due to rising product awareness. However, replacing honey or sugar syrup, especially in developing markets, will be difficult owing to the high price variance, which will restrict the growth of this segment to some extent.

Regional Overview

North America to Hold Dominant Share in Maple Syrup Market

Maple Syrup Market Regional Analysis

Regional Growth Insights Request Sample Pages

North America is the largest producer of maple syrup. The presence of Canada makes this region one of the largest producers of maple syrup. Several small farm owners are active in Canada as maple syrup producers. The dominance of one region in this market has resulted in the creation of a cartel, which dictates prices and controls supply and demand across the globe. The U.S. is likely to be the highest importers of maple syrup due to the high consumer income and the easy availability of the product.

Europe — The Largest Consumer of Maple Syrup

Europe is foreseen to hold the second-largest share in terms of consumption of maple syrup. The leading importers of Canadian maple syrup are France, Germany, and the U.K. In terms of export, Germany, Netherlands, and Denmark are expected to be among the major shareholders of this market. Though in terms of production, all other regions, except for North America, will hold the highest share in the maple syrup market.

Key Players

List of key maple syrup market manufacturers profiled

  • American Garden
  • Thompson’s Maple Products
  • Bascom Family Farms
  • B&G Foods, Inc
  • Coombs Family Farms.
  • The Maple Treat Corporation
  • Anderson’s Maple Syrup, Inc.
  • Conagra Brands (Log Cabin)
  • Butternut Mountain Farm
  • Trader Joe’s
  • Érablière Escuminac inc.
  • Lakanto
  • Les Industries Bernard.

The majority of these producers are from the region of North America. Trade associations have been formed to ensure the economic safety of these producers. Maple syrup trade associations have built up strategic reserves to ensure a continuous supply of maple syrup in times of bad harvest seasons. Furthermore, farmers and small vendors are going online in a bid to provide higher access to buyers and to increase their market presence. For instance, in April 2020, Guilderland farmers market, and Washington Park have launched an online market that includes maple syrup along with other maple products. The primary buyers of these farms are the various farm events and exhibitions that are held in this region. In addition to this, there are producers of biscuits that are now releasing variants of cookies using maple syrup for adding flavor. This is likely to increase the popularity of maple syrup in various parts of the world through the sales of these cookies. 

Report Scope

Report Metric Details
Market Size USD in Billion By 2030
CAGR CAGR 5.9%
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Type (Sugar Maple, Black Maple, Red Maple), Product (Conventional Maple Syrup, Organic Maple Syrup), Distribution Channel
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors American Garden, Thompson’s Maple Products, Bascom Family Farms, B&G Foods, Inc, Coombs Family Farms., The Maple Treat Corporation, Anderson’s Maple Syrup, Inc., Conagra Brands (Log Cabin), Butternut Mountain Farm, Trader Joe’s, Érablière Escuminac inc., Lakanto, Les Industries Bernard., ,
Key Market Opportunities Increasing Prevalence Of The Food & Beverages Industry Enhances The Expansion Of The Maple Syrup Market Share

Global Maple Syrup Market: Segmentation

Based on Type

  • Sugar Maple
  • Black Maple
  • Red Maple

Based on Product

  • Conventional Maple Syrup
  • Organic Maple Syrup

By Distribution Channel

  • B2B
  • B2C
    • Online retailers
    • Supermarket/Hypermarket
    • Retail Stores

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America, and the Caribbean
  • Middle East
  • Africa
Price Starts From
USD4250

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
Ajinomoto
Denon
Doosan
Meiji Seika Kaisha Ltd
Need Assistance?
+1 646 480 7505 (U.S.)
+44 208 068 9665 (U.K.)
Looking For Custom Report ?

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Check Our License Options :
Report Snapshot

As featured on :

clients
Trusted by Fortune 500
Over 30000+ subscribers