PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388090
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388090
Maple Syrup Market Share, Size, Trends, Industry Analysis Report, By Source (Red Maple, Black Maple, Sugar Maple), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2023 - 2032
The global maple syrup market size is expected to reach USD 2,576.82 million by 2032, according to a new study by Polaris market research. The report "Maple Syrup Market Share, Size, Trends, Industry Analysis Report, By Source (Red Maple, Black Maple, Sugar Maple), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Industry is projected to experience substantial growth in the coming years, primarily driven by the increasing per capita consumption of this product. Furthermore, the rising awareness of health and wellness among consumers in developed economies has resulted in a growing preference for natural and organic products, including maple syrup. This heightened consumer demand for healthier options is contributing to the overall growth and popularity of the maple syrup market.
Market growth in the industry is being propelled by multiple factors. These include the increasing disposable income of consumers, a growing middle-class population, and the ongoing trend of urbanization worldwide. These economic and demographic factors create a conducive environment for the expansion of the market. Additionally, the constantly evolving lifestyle and eating habits of consumers are playing a significant role in driving the demand for maple syrup products. As consumer preferences shift towards healthier and more natural options, the appeal of maple-flavored products has risen in recent years, further contributing to the market's growth.
Surge in online distribution channels can be attributed to the widespread availability of shopping portals and mobile apps. Manufacturers are increasingly offering their products not only on their own websites but also on various e-commerce platforms, contributing to the market's accelerated growth during the forecast period. The rapid expansion of the e-commerce sector is a key driving force behind the market's growth.
Additionally, companies, distributors, and retailers are adopting online platforms to sell their products, further fueling the momentum of the market's online presence. Furthermore, the growing demand for toppings in the bakery & confectionery industries is playing a crucial role in accelerating the market's expansion. The increased demand for the baked goods that use maple syrup as a sweetener, such as waffles, pan-cakes, coffee cakes, & bread rolls, will significantly contribute to driving the market's overall demand.
Industry experienced disruptions during the COVID-19 pandemic, with the global lockdown leading to suspended or delayed supply of raw materials. Moreover, the market suffered from the impact of canceled annual events and restaurant closures. However, as the world gradually recovers from the pandemic, there is a positive outlook for the market. The rising consumption of maple syrup post-pandemic is expected to present opportunities for market players, leading to a healthy growth trajectory during the forecast period.
Maple Syrup Market Report Highlights
Black maple segment held the largest share, owing to changing lifestyle & changing eating habits of consumers
Offline segment dominated the market, due to easy access & availability of the product in the concerned settings
APAC will grow at rapid pace, primarily due increasing awareness and ever rising discretionary income of middle-class population
The global key market players include: B & G Foods, Bascom Maple Farms, Smucker Co., Federation of Quebec Maple Syrup, & Conagra Brands
Polaris market research has segmented the maple syrup market report based on product, component, and region:
Maple Syrup, Product Outlook (Revenue - USD Million, 2019 - 2032)
- Red Maple
- Black Maple
- Sugar Maple
Maple Syrup, Component Outlook (Revenue - USD Million, 2019 - 2032)
- Offline
- Online
Maple Syrup, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Maple Syrup Market Insights
- 4.1. Maple Syrup Market - Industry Snapshot
- 4.2. Maple Syrup Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising development of innovative products
- 4.2.1.2. Health Consciousness
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Production Cost
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Maple Syrup Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Maple Syrup Market, by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Maple Syrup, by Source, 2019-2032 (USD Million)
- 5.3. Red Maple
- 5.3.1. Global Maple Syrup Market, by Red Maple, by Region, 2019-2032 (USD Million)
- 5.4. Black Maple
- 5.4.1. Global Maple Syrup Market, by Black Maple, by Region, 2019-2032 (USD Million)
- 5.5. Sugar Maple
- 5.5.1. Global Maple Syrup Market, by Sugar Maple, by Region, 2019-2032 (USD Million)
6. Global Maple Syrup Market, by Distribution Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 6.3. Offline
- 6.3.1. Global Maple Syrup Market, by Offline, by Region, 2019-2032 (USD Million)
- 6.4. Online
- 6.4.1. Global Maple Syrup Market, by Online, by Region, 2019-2032 (USD Million)
7. Global Maple Syrup Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Maple Syrup Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Maple Syrup Market - North America
- 7.3.1. North America: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.3.2. North America: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.3.3. Maple Syrup Market - U.S.
- 7.3.3.1. U.S.: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.3.4. Maple Syrup Market - Canada
- 7.3.4.1. Canada: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4. Maple Syrup Market - Europe
- 7.4.1. Europe: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.2. Europe: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4.3. Maple Syrup Market - UK
- 7.4.3.1. UK: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.3.2. UK: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4.4. Maple Syrup Market - France
- 7.4.4.1. France: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.4.2. France: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4.5. Maple Syrup Market - Germany
- 7.4.5.1. Germany: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4.6. Maple Syrup Market - Italy
- 7.4.6.1. Italy: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4.7. Maple Syrup Market - Spain
- 7.4.7.1. Spain: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4.8. Maple Syrup Market - Netherlands
- 7.4.8.1. Netherlands: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.4.9. Maple Syrup Market - Russia
- 7.4.9.1. Russia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.5. Maple Syrup Market - Asia Pacific
- 7.5.1. Asia Pacific: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.5.3. Maple Syrup Market - China
- 7.5.3.1. China: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.3.2. China: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.5.4. Maple Syrup Market - India
- 7.5.4.1. India: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.4.2. India: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.5.5. Maple Syrup Market - Malaysia
- 7.5.5.1. Malaysia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.5.6. Maple Syrup Market - Japan
- 7.5.6.1. Japan: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.5.7. Maple Syrup Market - Indonesia
- 7.5.7.1. Indonesia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.5.8. Maple Syrup Market - South Korea
- 7.5.8.1. South Korea: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.6. Maple Syrup Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.6.3. Maple Syrup Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.6.4. Maple Syrup Market - UAE
- 7.6.4.1. UAE: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.6.5. Maple Syrup Market - Israel
- 7.6.5.1. Israel: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.6.6. Maple Syrup Market - South Africa
- 7.6.6.1. South Africa: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.7. Maple Syrup Market - Latin America
- 7.7.1. Latin America: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.2. Latin America: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.7.3. Maple Syrup Market - Mexico
- 7.7.3.1. Mexico: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.7.4. Maple Syrup Market - Brazil
- 7.7.4.1. Brazil: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- 7.7.5. Maple Syrup Market - Argentina
- 7.7.5.1. Argentina: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Maple Syrup Market, by Source, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. B & G Foods
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Bascom Maple Farms
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Butternut Mountain Farm
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Conagra Brands
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Coombs Family Farms
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Federation of Quebec Maple Syrup
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. LB Maple Treat
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Ferguson Farm Maple Syrup
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Smucker Co.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
List of Tables
- Table 1 Global Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 2 Global Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 3 Maple Syrup Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 5 North America: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 6 U.S.: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 7 U.S.: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 8 Canada: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 9 Canada: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 10 Europe: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 11 Europe: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 12 UK: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 13 UK: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 14 France: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 15 France: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 16 Germany: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 17 Germany: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 18 Italy: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 19 Italy: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 20 Spain: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 21 Spain: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 22 Netherlands: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 23 Netherlands: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 24 Russia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 25 Russia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 28 China: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 29 China: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 30 India: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 31 India: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 32 Malaysia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 33 Malaysia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 34 Japan: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 35 Japan: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 36 Indonesia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 37 Indonesia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 38 South Korea: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 39 South Korea: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 44 UAE: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 45 UAE: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 46 Israel: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 47 Israel: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 48 South Africa: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 49 South Africa: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 50 Latin America: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 51 Latin America: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 52 Mexico: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 53 Mexico: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 54 Brazil: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 55 Brazil: Maple Syrup Market, by Source, 2019-2032 (USD Million)
- Table 56 Argentina: Maple Syrup Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 57 Argentina: Maple Syrup Market, by Source, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Maple Syrup Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Distribution Channel
- Figure 7 Global Maple Syrup Market, by Distribution Channel, 2022 & 2032 (USD Million)
- Figure 8 Market by Source
- Figure 9 Global Maple Syrup Market, by Source, 2022 & 2032 (USD Million)
- Figure 10 Maple Syrup Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Maple Syrup Market
