PUBLISHER: The Business Research Company | PRODUCT CODE: 1670288
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670288
Maple syrup, a dense and sticky sweetener derived from the sap of various maple tree species, holds widespread application in the culinary industry. It serves as a natural sweetener and flavor enhancer in a range of food and beverage products, including baked goods, confectionery items, and frozen desserts. Widely distributed through supermarkets, hypermarkets, convenience stores, specialty outlets, and online retail channels, maple syrup remains a popular choice for consumers seeking a distinctive and natural sweetening option.
The primary sources of maple syrup production include the sugar maple, black maple, and red maple trees. Notably, the sugar maple, also known as hard maple or rock maple, is a deciduous tree integral to the syrup-making process. The versatile applications of maple syrup span across various sectors, including food and beverages, bakery and confectionery, flavor enhancement, and dairy products. Its distribution encompasses a diverse range of channels, including supermarkets, hypermarkets, convenience stores, specialty retailers, and online platforms, ensuring broad accessibility for consumers.
The maple syrup market research report is one of a series of new reports from The Business Research Company that provides maple syrup market statistics, including maple syrup industry global market size, regional shares, competitors with maple syrup market share, detailed maple syrup market segments, market trends, and opportunities, and any further data you may need to thrive in the maple syrup industry. This maple syrup market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The maple syrup market size has grown strongly in recent years. It will grow from $1.61 billion in 2024 to $1.71 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to the growth of health consciousness, increased awareness of natural products, expansion of maple production, e-commerce growth, government support, and regulations
The maple syrup market size is expected to see strong growth in the next few years. It will grow to $2.28 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to a sustainable and eco-friendly image, diversification of product offerings, recognition of maple syrup grades, rising demand for artisanal and local products, and global cuisine fusion. Major trends in the forecast period include innovation in maple-flavored products, promotion of health benefits, technological innovations, sustainable and responsible sourcing, and investments in marketing and promotion.
The growing demand for baked goods is anticipated to drive the growth of the maple syrup market in the coming years. Baked goods encompass items made from baked dough or batter, including bread, cakes, cookies, and other sweet treats. Incorporating maple syrup into these products adds a rich flavor and natural sweetness to recipes. Whether used as a primary sweetener or a flavor enhancer, maple syrup imparts a warm, nuanced touch that enhances the appeal of baked goods, thereby boosting the market for maple syrup. For example, in November 2022, Agriculture and Agri-Food Canada, a government department in Canada, reported that global retail sales of baked goods reached $425.7 billion in 2022, up from $407.2 billion in 2021. Thus, the rising demand for baked goods is fueling the growth of the maple syrup market.
The increasing demand for organic and natural products is expected to significantly boost the growth of the maple syrup market in the coming years. Organic and natural products are those produced, processed, and manufactured without synthetic chemicals, pesticides, genetically modified organisms (GMOs), or artificial additives. As consumers become more health-conscious, their interest in organic and natural foods has spurred the demand for organic maple syrup. Many view it as a healthier alternative to refined sugars and artificial sweeteners, often associating it with added benefits such as antioxidants and mineral content. For example, in May 2023, the Organic Trade Association reported that US organic sales reached 67,576 units in 2022, reflecting a 4.0% growth compared to 64,963 units and a 2.3% growth in 2021. Thus, the rising demand for organic and natural products is driving the growth of the maple syrup market.
A prominent trend shaping the maple syrup market is the emphasis on product innovations, with major companies actively engaging in the development of novel offerings to secure and enhance their market positions. An illustrative example is Protein Rebel Ltd., a UK-based manufacturer specializing in protein-based food, beverages, and tobacco, which introduced Maple Ignite in January 2023. Positioned as a pure maple syrup energy gel, this innovative product targets endurance sports enthusiasts, such as runners and cyclists. Crafted from light maple syrup sourced from Canadian maple trees and infused with sea salt, Maple Ignite represents a pioneering addition to the UK market.
Strategic partnerships and collaborations are pivotal strategies adopted by major companies in the maple syrup market to diversify their product and service offerings. This strategic approach enables companies to expand both their product portfolio and geographical reach. Noteworthy is the collaboration between Pepsi, a US-based food, snack, and beverage corporation, and IHOP (International House of Pancakes) in March 2022. This collaboration resulted in the introduction of Pepsi Maple Syrup Cola, a highly limited-edition flavor that combines the indulgent profile of maple syrup with the crisp, refreshing caramel notes characteristic of Pepsi. Such collaborations leverage the strengths of each partner, fostering innovation and market expansion.
In May 2022, Valeo Foods, an Ireland-based producer of food and beverage products, executed a significant acquisition by obtaining Les Industries Bernard & Fils Ltee, a Canada-based manufacturer of maple syrup, for an undisclosed amount. This strategic move is anticipated to augment Valeo Foods' extensive portfolio of beloved food brands and leverage its global supply chain and connections with major food retailers, facilitating accelerated global expansion. The acquisition of Les Industries Bernard & Fils Ltee exemplifies the ongoing trend of major companies strategically expanding through acquisitions to reinforce their market presence and offerings in the maple syrup industry.
Major companies operating in the maple syrup market include The Kroger Co., The Kraft Heinz Company, Wegmans Food Markets, The J.M. Smucker Company, Coombs Family Farms, B&G Foods Inc., Rogers Sugar Inc., NYS Maple Producers Association, Stonewall Kitchen, Maple Grove Farms, Bascom Maple Farms Inc., The Maple Treat Corporation, Wild Harvest Organic, Thompsontown Maple Products, Shady Maple Farms, Butternut Mountain Farm, Vermont Maple Sugar Makers' Association, Ontario Maple Syrup Producers' Association, New Hampshire Maple Producers Association Inc., Federation of Quebec Maple Syrup Producers, Industries Bernard & Fils, Hidden Springs Maple, The Maple Dude, Pfeil Family Maple Farm, Spring Tree Maple Syrup
North America was the largest region in the maple syrup market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the maple syrup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the maple syrup market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The maple syrup market consists of sales of boxelder maple and silver maple. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Maple Syrup Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on maple syrup market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for maple syrup ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The maple syrup market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.