Maple Syrup Market - Global Maple Syrup Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Source Coverage, By Application Coverage, By Distribution Channel Coverage, By Geographic Coverage and By Company)

Description

The global maple syrup market is set for robust growth, with sales expected to soar from approximately US$1.7 billion in 2022 to an estimated US$2.4 billion by 2030. This promising outlook is driven by several key factors, including increasing consumer demand for natural and organic sweeteners, the rising prevalence of health-related concerns such as heart disease, diabetes, and obesity, and the popularity of maple syrup as a sugar substitute. These insights are part of a comprehensive market analysis by Fairfield Market Research, which also forecasts an impressive CAGR of 6% between 2023 and 2030 for the global maple syrup market.

Rising Consumer Demand for Healthier Alternatives

Consumer preference for natural and organic sweeteners has played a significant role in boosting the acceptance and consumption of maple syrup. Recognized as a healthier and more nutrient-dense alternative to refined sugar and artificial sweeteners, maple syrup stands out due to its high mineral and phenolic content. It contains organic acids, amino acids, and essential minerals such as zinc, potassium, and manganese, making it a superior choice for health-conscious consumers. The global trend toward healthier dietary choices, driven by an aging population and increased health awareness, is expected to fuel the demand for calorie-free, natural sweeteners like maple syrup.

Rapid Expansion of Bakery and Confectionery Sector

The growth of the bakery and confectionery industry, coupled with changing consumer lifestyles, has led to a surge in maple syrup usage. As urbanization and the trend toward independent living continue, consumer spending on upscale dining experiences, including coffee shops offering baked goods like pancakes, bread, and cookies, has increased. Maple syrup, with its lower sugar content compared to honey and sugar syrup, is becoming a favored flavoring for these baked products. The consistent rise in bakery consumption is expected to further drive the demand for maple syrup as a key ingredient.

Favorable Bilateral Trade Agreements

Maple syrup is predominantly produced in North American countries, particularly Canada and the United States, due to favorable climatic conditions for maple tree growth. Other countries rely on these North American suppliers to meet their domestic demand. The increase in trade activities and bilateral agreements between North American maple producers and other nations has facilitated the expansion of maple syrup markets worldwide. Supportive legislation, such as the reduction or elimination of import/export taxes, has further boosted market growth, making maple syrup more accessible to consumers globally.

Challenges and Opportunities

While the global maple syrup market presents significant opportunities, it also faces challenges. Strict government regulations in Canada and the United States ensure high product quality but can increase manufacturing costs and impact profit margins. Additionally, growing health concerns related to conditions like diabetes and obesity have prompted consumers to seek healthier sugar alternatives, benefiting maple syrup.

Key Trends and Opportunities

Rising Labelling Trends: Consumers place importance on the country of origin when making purchasing decisions. Labels indicating the source of maple syrup can influence consumer perceptions of quality, safety, and freshness.

Adoption of New Dietary Regimes: The popularity of veganism and environmentally friendly diets has created opportunities for maple syrup as a vegan-friendly sugar substitute rich in essential nutrients.

Increasing Adoption as a Sugar Alternative: With lifestyle diseases on the rise, consumers are turning to active lifestyles and diet programs recommending sugar substitutes like maple syrup to combat obesity and diabetes.

Regional Frontiers

North America: The region, driven by increasing interest in maple products and healthy foods, is experiencing market expansion. Maple syrup is used as a sugar substitute in various meals, including sweets and baked goods.

Europe: Europe is the second-largest market contributor, with France, Germany, and the UK being major importers of maple syrup from Canada. High demand and purchasing power of consumers are driving regional growth, although Europe relies on imports from North America.

Competitive Landscape

The global maple syrup market features fewer large competitors and has witnessed consolidation. Leading companies are expanding their product lines, enhancing distribution networks, and investing in marketing campaigns and social media promotion to further strengthen their global presence.

Leaders in Global Maple Syrup Space:

Maple Joe

The Kraft Heinz Company

Les Industries Bernard et Fils Ltee

Canadian Maple Company

Ontario Maple Syrup Producers Association

Bascom Maple Farms, Inc

Thompson's Maple Products

B&G Foods

Canadian Organic Maple Co. Ltd

Citadelle Camp.

Vermont

Stonewall Kitchen

Valeo Foods

M Smucker

LB Maple Treat.

1. Executive Summary

1.1. Global Maple Syrup Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Maple Syrup Market Outlook, 2018 - 2030

3.1. Global Maple Syrup Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Red Maple
  - 3.1.1.2. Black Maple
  - 3.1.1.3. Sugar Maple
3.2. Global Maple Syrup Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Food and Beverages
  - 3.2.1.2. Bakery and Confectionary
  - 3.2.1.3. Flavor Enhancer
  - 3.2.1.4. Dairy
  - 3.2.1.5. Frozen Desserts
  - 3.2.1.6. Misc.
3.3. Global Maple Syrup Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. Offline
  - 3.3.1.2. Online
3.4. Global Maple Syrup Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America Maple Syrup Market Outlook, 2018 - 2030

4.1. North America Maple Syrup Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Red Maple
  - 4.1.1.2. Black Maple
  - 4.1.1.3. Sugar Maple
4.2. North America Maple Syrup Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Food and Beverages
  - 4.2.1.2. Bakery and Confectionary
  - 4.2.1.3. Flavor Enhancer
  - 4.2.1.4. Dairy
  - 4.2.1.5. Frozen Desserts
4.3. North America Maple Syrup Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Offline
  - 4.3.1.2. Online
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Maple Syrup Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 4.4.1.2. U.S. Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 4.4.1.3. U.S. Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 4.4.1.4. Canada Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 4.4.1.5. Canada Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 4.4.1.6. Canada Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Maple Syrup Market Outlook, 2018 - 2030

5.1. Europe Maple Syrup Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Red Maple
  - 5.1.1.2. Black Maple
  - 5.1.1.3. Sugar Maple
5.2. Europe Maple Syrup Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Food and Beverages
  - 5.2.1.2. Bakery and Confectionary
  - 5.2.1.3. Flavor Enhancer
  - 5.2.1.4. Dairy
  - 5.2.1.5. Frozen Desserts
  - 5.2.1.6. Misc.
5.3. Europe Maple Syrup Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Offline
  - 5.3.1.2. Online
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Maple Syrup Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.2. Germany Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.3. Germany Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 5.4.1.4. U.K. Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.5. U.K. Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.6. U.K. Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 5.4.1.7. France Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.8. France Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.9. France Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 5.4.1.10. Italy Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.11. Italy Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.12. Italy Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 5.4.1.13. Turkey Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.14. Turkey Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.15. Turkey Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 5.4.1.16. Russia Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.17. Russia Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.18. Russia Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 5.4.1.19. Rest of Europe Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.20. Rest of Europe Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.21. Rest of Europe Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Maple Syrup Market Outlook, 2018 - 2030

6.1. Asia Pacific Maple Syrup Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Red Maple
  - 6.1.1.2. Black Maple
  - 6.1.1.3. Sugar Maple
6.2. Asia Pacific Maple Syrup Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Food and Beverages
  - 6.2.1.2. Bakery and Confectionary
  - 6.2.1.3. Flavor Enhancer
  - 6.2.1.4. Dairy
  - 6.2.1.5. Frozen Desserts
  - 6.2.1.6. Misc.
6.3. Asia Pacific Maple Syrup Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Offline
  - 6.3.1.2. Online
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Maple Syrup Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. China Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.2. China Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.3. China Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 6.4.1.4. Japan Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.5. Japan Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.6. Japan Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 6.4.1.7. South Korea Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.8. South Korea Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.9. South Korea Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 6.4.1.10. India Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.11. India Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.12. India Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 6.4.1.13. Rest of Asia Pacific Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.14. Rest of Asia Pacific Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.15. Rest of Asia Pacific Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Maple Syrup Market Outlook, 2018 - 2030

7.1. Latin America Maple Syrup Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Red Maple
  - 7.1.1.2. Black Maple
  - 7.1.1.3. Sugar Maple
7.2. Latin America Maple Syrup Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Food and Beverages
  - 7.2.1.2. Bakery and Confectionary
  - 7.2.1.3. Flavor Enhancer
  - 7.2.1.4. Dairy
  - 7.2.1.5. Frozen Desserts
  - 7.2.1.6. Misc.
7.3. Latin America Maple Syrup Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Offline
  - 7.3.1.2. Online
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Maple Syrup Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 7.4.1.2. Brazil Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.3. Brazil Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 7.4.1.4. Mexico Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 7.4.1.5. Mexico Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.6. Mexico Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 7.4.1.7. Rest of Latin America Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 7.4.1.8. Rest of Latin America Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.9. Rest of Latin America Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Maple Syrup Market Outlook, 2018 - 2030

8.1. Middle East & Africa Maple Syrup Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Red Maple
  - 8.1.1.2. Black Maple
  - 8.1.1.3. Sugar Maple
8.2. Middle East & Africa Maple Syrup Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Food and Beverages
  - 8.2.1.2. Bakery and Confectionary
  - 8.2.1.3. Flavor Enhancer
  - 8.2.1.4. Dairy
  - 8.2.1.5. Frozen Desserts
  - 8.2.1.6. Misc.
8.3. Middle East & Africa Maple Syrup Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Offline
  - 8.3.1.2. Online
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Maple Syrup Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.2. GCC Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.3. GCC Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 8.4.1.4. South Africa Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.5. South Africa Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.6. South Africa Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
  - 8.4.1.7. Rest of Middle East & Africa Maple Syrup Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.8. Rest of Middle East & Africa Maple Syrup Market by Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.9. Rest of Middle East & Africa Maple Syrup Market by Distribution Channel, Value (US$ Bn), 2018 - 2030
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs Type Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Maple Joe
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. The Kraft Heinz Company
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Les Industries Bernard et Fils Ltee
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Canadian Maple Company
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Ontario Maple Syrup Producers Association
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Bascom Maple Farms Inc
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Thompson's Maple Products
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Canadian Organic Maple Co. Ltd
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Citadelle Camp
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. B&G Foods
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Vermont
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Stonewall Kitchen
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Product Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Valeo Foods
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Product Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. J.M Smucker
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Product Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development
- 9.4.15. LB Maple Treat
  - 9.4.15.1. Company Overview
  - 9.4.15.2. Product Portfolio
  - 9.4.15.3. Financial Overview
  - 9.4.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations