About Maple Syrup
The global maple syrup market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising demand for bakery products such as waffles, pancakes, bread rolls, French toast, and rising usage of maple syrup in the confectionery, bakery, cereal, & dairy products are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
The vendors in this market are majorly focusing on capturing new regional markets in order to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Maple Syrup market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bascom Family Farms (United States), Heinz Company (United States), H.J. New York State Maple Producers Association (United States), Michigan Maple Syrup Association (United States), New Hampshire Maple Producers Association, Inc. (United States), Ontario Maple Syrup Producers Association (Canada), Pennsylvania Maple Association (United States), Thompson's Maple Products (Canada) and Vermont Maple Sugar Makers Association. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Maple Syrup market by Type (Red Maple, Black Maple and Sugar Maple), Application (Bakery, Confectionery, Beverages, Snacks & Cereals, Household and Others) and Region.
On the basis of geography, the market of Maple Syrup has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Maple Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Maple Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Consumer Demand for Organic & Natural Products
Market Growth Drivers:
Rising Demand for Bakery Products such as Waffles, Pancakes, Bread Rolls, and French Toast and Rising Usage of Maple Syrup in the Confectionery, Bakery, Cereal, & Dairy Industries
Challenges:
Volatility of Material Processing Costs
Restraints:
Stringent Regulations and Need for Quality Standards
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In May 2022, reland-based Valeo Foods Group has acquired Canadian maple syrup manufacturer Les Industries Bernard & Fils.it will look to use the group’s existing global supply chain and major food retailer relationships to accelerate its international growth.
In April 2024, Pepsi is bringing back its new maple syrup-flavored drink but you can only get it at one restaurant. Pepsi Maple Syrup soda is now available at IHOP locations nationwide, the two brands announced this week. The beverage is described as the “perfect blend of maple syrup-flavored indulgence with the crisp, refreshing caramel notes of Pepsi
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations and Stopped Production Across Different Indistries Leading to Generation of Demand & Supply Gap or Disruption in the Supply Chain of Maple Syrup Market
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) have already started to show its impact across different markets and is expected to affect the maple syrup market in the FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.