The Maple Syrup Global Market Report 2023, provides comprehensive information on the maple syrup market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global maple syrup market is expected to grow from $1.42 billion in 2022 to $1.51 billion in 2023 at a compound annual growth rate (CAGR) of 6.17%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The maple syrup market is expected to reach $1.95 billion in 2027 at a CAGR of 6.54%.
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Product innovations are a key trend gaining popularity in the maple syrup market. Major companies operating in the maple syrup market are developing innovative products to sustain their position in the market. For instance, in January 2023, Protein Rebel Ltd, a UK-based manufacturer of protein-based food, beverages, and tobacco, launched Maple Ignite, a pure maple syrup energy gel, for the first time in the UK. Maple Ignite is marketed to enhance endurance sports like running and cycling. It is made from light maple syrup from Canadian maple trees and combined with sea salt.
The maple syrup market is segmented:
1) By Source: Sugar Maple, Black Maple, Red Maple
2) By Application: Food And Beverages, Bakery And Confectionary, Flavor Enhancer, Dairy, Frozen Desserts
3) By Distribution Channel: Supermarket And Hypermarket, Convenience Store, Specialty Stores, Online Retail Stores, Other Distribution Channels
North America was the largest region in the maple syrup market in 2022.
The table of contents in TBRC’s maple syrup market report includes:
- Executive Summary
- Maple Syrup Market Characteristics
- Maple Syrup Market Trends And Strategies
- Maple Syrup Market – Macro Economic Scenario
- Maple Syrup Market Segmentation
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- Global Maple Syrup Market Competitive Benchmarking
- Global Maple Syrup Market Competitive Dashboard
- Key Mergers And Acquisitions In The Maple Syrup Market
- Maple Syrup Market Future Outlook and Potential Analysis
- Appendix
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