Maple Syrup Market By Source (Red Maple, Black Maple, Sugar Maple), By Distribution Channel (Offline, Online), By Region, By Competition Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationMaple Syrup Market By Source (Red Maple, Black Maple, Sugar Maple), By Distribution Channel (Offline, Online), By Region, By Competition Forecast & Opportunities, 2018-2028F
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 1.55 Billion |
| CAGR (2024-2028) | 5.82% |
| Fastest Growing Segment | Online |
| Largest Market | North America |
Market Overview
Key Market Drivers
Increasing Consumer Demand for Natural and Organic Products
Rising Awareness of Maple Syrup's Health Benefits
Expanding Use of Maple Syrup in Food and Beverage Industries
Regional Dominance of North America in Maple Syrup Production
International Market Expansion and Diversification
Key Market Challenges
Climate Change and Its Impact on Maple Trees
Increasing Competition from Alternative Sweeteners
Vulnerability to Seasonal Fluctuations
Environmental and Sustainability Concerns
Market Price Volatility and Supply Chain Challenges
Key Market Trends
Rising Demand for Artisanal and Small-Batch Maple Syrup
Flavored and Infused Maple Syrups
Sustainability and Traceability Initiatives
Maple Syrup as a Versatile Ingredient in Food and Beverages
Global Market Expansion and Diversification
Segmental Insights
Product Insights
Distribution Channel Insights
Regional Insights
The North America region has consistently demonstrated a substantial and growing demand for maple syrup in the global market. This demand surge can be attributed to several factors that underline the cultural significance and widespread popularity of maple syrup in this region.
Recent Developments
- In 2022, Valeo Foods Group (VGA), a distributor in more than 100countries, acquired the majority stake in Les Industries Bernard (Bernard etFils) Ltee. This acquisition will enlarge the existing presence of Bernard anddouble the revenue of the company in the following years.
- In 2021, the Canadian company Maple Leaf Foods launched a line of maplesyrup-flavored snacks, including popcorn, pretzels, and crackers.
Key Market Players
- B & G Foods, Inc.
- The J.M. Smucker Co.
- Les Industries Bernard et Fils Ltee
- Federation of Quebec Maple Syrup Producers
- LB Maple Treat
- Butternut Mountain Farm
- Bascom Maple Farms Inc
- Conagra Brands Inc.
- Ferguson Farm Vermont Maple Syrup
- Coombs Family Farms
Report Scope
- Maple Syrup Market, By Source
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- Maple Syrup Market, By Distribution Channel
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- Maple Syrup Market, By Region
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