Global Maple Syrup Market Growth 2024, Forecast To 2033
8 Mar, 2024
The maple syrup market has experienced robust growth, rising from $1.51 billion in 2023 to $1.61 billion in 2024, with a CAGR of 6.5%. This growth is attributed to factors such as increased health consciousness and government support. Forecasts suggest continued strong growth to $2.1 billion by 2028, with a CAGR of 6.9%, driven by sustainable and eco-friendly image. Major trends include innovation in maple-flavored products and promotion of health benefits, alongside technological innovations and investments in marketing.
Global Maple Syrup Market Key Driver
The maple syrup market is poised for growth fueled by rising demand for baked goods globally. As consumers continue to indulge in baked goods, maple syrup emerges as a preferred sweetener, enhancing flavor and appeal. Data from Agriculture and Agri-Food Canada indicate robust global retail sales of baked goods, highlighting the market potential for maple syrup as a key ingredient.
Get A Free Sample Of The Global Maple Syrup Market ReportGlobal Maple Syrup Market Segments
The maple syrup market covered in this report is segmented –
1) Source:Sugar Maple, Black Maple, Red Maple
2) Application:Food And Beverages, Bakery And Confectionary, Flavor Enhancer, Dairy, Frozen Desserts
3) Distribution Channel:Supermarket And Hypermarket, Convenience Store, Specialty Stores, Online Retail Stores, Other Distribution Channels
By Geography: The countries covered in the maple syrup market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the maple syrup market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the maple syrup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Maple Syrup Industry Players
The Kroger Co.; The Kraft Heinz Company; Wegmans Food Markets; The J.M. Smucker Company; Coombs Family Farms; B&G Foods Inc.; Rogers Sugar Inc.; NYS Maple Producers Association; Stonewall Kitchen; Maple Grove Farms; Bascom Maple Farms Inc.; American Garden; The Maple Treat Corporation; Wild Harvest Organic; Thompsontown Maple Products; Shady Maple Farms; Butternut Mountain Farm; Vermont Maple Sugar Makers' Association; Ontario Maple Syrup Producers' Association; New Hampshire Maple Producers Association Inc.; Federation of Quebec Maple Syrup Producers; Industries Bernard & Fils; Hidden Springs Maple; The Maple Dude; Pfeil Family Maple Farm; Spring Tree Maple Syrup
Get The Full Global Maple Syrup Market Report
Maple Syrup Market Overview
Maple syrup is a sweet, dense, and sticky syrup prepared from the sap of numerous maple tree species. It is a widely used natural sweetener and flavoring agent in cooking, baking, and topping pancakes, waffles, and other desserts.