Maple Syrup Market: Market Outlook
Maple Syrup is a thick, sticky liquid that is made from the “sap” of maple trees. “Sap” is sugary water that is formed by the maple trees in spring to make the leaves sprout after the long winter. Maple syrup is purely natural and organic products, it contains the same calcium as whole milk. The maple syrup is also rich in calories and minerals such as potassium, manganese, calcium, magnesium, phosphorus, and iron. Overall maple syrup is good for human health as it contains a variety of vitamins including B2, B5, B6 and biotin, niacin, and folic acid are present in maple syrup. Even maple syrup contains a trace amount of amino acids which helps in building the block of proteins. Maple syrup is becoming a popular substitute for sugar in the bakery industry and as a sweetener for coffee and tea. It also used as a flavoring substance in the production of cakes, pies, pastries and many other products. Maple syrup also has several household uses including glaze of maple sugar on chicken, ham, pork, grapefruit, hot cereals, granola, and in many other household food products.
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Maple Syrup Market: Key Players
Some of the key players are operating in the global maple syrup market are: Ontario Maple Syrup Producers Association, Pennsylvania Maple Association, New Hampshire Maple Producers Association, Inc., Thompson’s Maple Products, Heinz Company, Vermont Maple Sugar Makers Association., New Hampshire Maple Producers Association, Inc., Bascom Family Farms, H.J. New York State Maple Producers Association, Michigan Maple Syrup Association, and Others. These key players are focused on the expansion of business on a global scale to increase revenues and looking for new and potential markets in the global maple syrup market.
Maple Syrup Market: Market Dynamics
The global food and beverage industry are in the process of innovative transformation, owing to climatic changes, increasing population, changing food habits, improving the lifestyle of consumers and many other factors driving the growth of the food and beverage industry. The increasing demand for natural and organic food products is expected to strengthen the growth of the global maple syrup market. Hence, this factor enabling manufacturers to use maple syrup in food products as an ingredient and sweeter to improve the quality of the product. The increasing health awareness among consumer is expecting nutritional rich ingredients and food products from the food industry, which is expected to fuel the growth of maple syrup market across the globe. Besides, a high concentration of minerals and vitamins in maple syrup is the key growth driver in the household segment and is expected to grow vastly in the global maple syrup market in the near future.
Maple Syrup Market: Segmentation
In terms of raw material, the global Maple Syrup market has been segmented as,
- Red Maple
- Black Maple
- Sugar Maple
In terms of the application, the global Maple Syrup market has been segmented as,
- Bakery
- Confectionary
- Beverages
- Snacks and Cereals
- Household
- Others
In terms of the distribution channel, the global Maple Syrup market has been segmented as,
- Business to Business
- Business to Consumer
- Hypermarkets/Supermarket
- Conventional Stores
- hotels and restaurants
- Specialty Services
- E-Commerce
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Opportunities for the Key Players in the Global Maple Syrup Market
The global food and beverage manufacturers are the key potential customers and key growth drivers of the global maple syrup market. The increasing demand for natural ingredients, sweeteners, and flavors, especially from the bakery industry is estimated to fuel the demand for maple syrup products. North America is the inventor of the maple syrup, this region holds the largest market share in the global maple syrup market. North American consumers replacing sugar with maple syrup on a huge scale, due to its health benefits and this region will hold huge potential for the maple syrup market in the future. Europe is the second-largest user of maple syrup products and is anticipated to generate increased revenues of maple syrup products owing to the high purchasing power of consumers. The Asia Pacific holds the smallest share in the global maple syrup market, it is expected to witness increased demand for maple in upcoming years, followed by the Middle East and Africa.