The Maple Syrup Market is Predict to reach USD 2.2 billion by 2031, at a CAGR of 6.8%

30-Apr-2024 | Report Format: Electronic (PDF)

Maple Syrup Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Maple Syrup Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 89,764.6 Tonnes, experiencing a growth of 13.8% (2020-2023).

Producers are responding by offering a range of grades and flavor profiles, including Grade A Dark Robust, Grade A Amber Rich, and Grade A Golden Delicate. Specialty grades like Grade B and Grade C, which have stronger flavors and darker colors, are also gaining popularity among consumers looking for more intense maple flavor. Like wine, coffee, and chocolate, maple syrup has terroir—a unique flavor profile influenced by soil composition, climate, and tree species. Maple syrup producers celebrate this terroir by highlighting regional differences in flavor and aroma.

Maple Syrup Market Size - By Region

The Organic segment would exhibit a CAGR of 7.7% during (2024 - 2031). Organic maple syrup is often perceived as a premium product due to its purity, authenticity, and environmentally friendly production methods. Consumers are willing to pay a premium for organic certification, viewing it as an assurance of quality, sustainability, and ethical sourcing practices. Organic maple syrup producers are innovating and diversifying their products to meet evolving consumer preferences and market trends. This includes flavored organic maple syrups, single-origin organic syrups, and organic maple-based products such as candies, spreads, and beverages.

The Hypermarkets & Supermarkets segment is generating highest revenue in the Global Maple Syrup Market by Distribution Channel in 2023; thereby, achieving a market value of $904.6 million by 2031. Hypermarkets & supermarkets offer one-stop shopping convenience, allowing consumers to purchase maple syrup and other groceries and household items in a single location. This convenience factor encourages impulse purchases and facilitates regular maple syrup consumption among consumers. Hypermarkets & supermarkets frequently run promotions, discounts, and special offers on maple syrup products to attract customers and drive sales. These promotional activities increase consumer awareness, incentivize trial purchases, and stimulate demand for maple syrup, particularly during key selling periods such as holiday seasons and breakfast promotions.

The Black Maple segment is experiencing a CAGR of 7.2% during (2024 - 2031). Black maple trees produce sap with a slightly different flavor than sugar maple trees. The syrup derived from black maple sap often has a more robust, caramelized flavor with hints of toffee and molasses. This distinct flavor profile appeals to consumers looking for premium and artisanal maple syrup varieties.

Full Report: https://www.kbvresearch.com/maple-syrup-market/

The North America region dominated the Global Maple Syrup Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $879.3 million by 2031. The Europe region is anticipated to grow at a CAGR of 6.4% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 7.7% during (2024 - 2031).

List of Key Companies Profiled

  • B&G Foods, Inc.
  • Vermont Pleasant Valley Maples
  • Ferguson Farm Vermont Maple Syrup
  • Butternut Mountain Farm
  • Coombs Family Farms
  • Maple Joe (Famille Michaud Apiculteurs)
  • Golden Dog Farm LLC
  • Judd’s Wayeeses Farms
  • Anderson’s Maple Syrup, Inc.

Maple Syrup Market Report Segmentation

By Category (Volume, Tonnes, USD Billion, 2020-2031)

  • Conventional
  • Organic

By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)

  • Hypermarkets & Supermarkets
  • Specialty Stores
  • Online Sales Channels
  • Others

By Source (Volume, Tonnes, USD Billion, 2020-2031)

  • Sugar Maple
  • Black Maple
  • Red Maple

By Geography (Volume, Tonnes, USD Billion, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

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