Maple Syrup Market Size, Share, Trends, Growth 2032

Maple Syrup Market Insights

According to Zion Market Research, the global Maple Syrup Market was worth USD 1548.22 Million in 2023. The market is forecast to reach USD 2751.99 Million by 2032, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Maple Syrup industry over the next decade.

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Maple Syrup Market: Growth Drivers

Escalating use of maple syrup as toppings in myriad bakery Distribution Channel s such as waffles, French toast, and bread rolls is set to steer the expansion of maple syrup industry over the forecast timeline. Apart from this, the Distribution Channel finds a slew of applications in myriad food Distribution Channel s as a natural sweetener.

Additionally, maple syrup comprises of sucrose as well as phytochemicals that offer varied biological effects. The Distribution Channel  also includes organic acids, phenolic acids, vitamins, and amino acids. In 2017, NCBI had reported through its findings that dark-colored maple syrup exhibited significant inhibitory impacts on colorectal cancer cell proliferation & invasion. According to the study conducted by NCBI researchers on maple syrup and findings derived from the study, it was found that the antioxidant activity of the maple syrup is associated with its dark color.

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In another such clinical study conducted during 2017, researchers tried to assess the impacts of two diverse maple syrup grades on gastrointestinal cancer cell proliferation. Furthermore, the aim of the study was to find the suitability of dark-colored maple syrup as a phytomedicine in the treatment of gastrointestinal cancer. Moreover, researchers found that dark-colored maple syrup grade/type substantially hindered the gastrointestinal cancer cell multiplication.

Maple Syrup Market: Report Scope

North American Market To Register Lucrative Growth By 2032

The regional market growth over 2024-2032 is credited to the massive application of the maple syrup in the food & beverage industry in the countries like the U.S. and Canada. Furthermore, large-scale penetration of the Distribution Channel  in countries like Germany and France will prop up the growth of the maple syrup market in Europe.

Maple Syrup Market: Competitive Analysis

The maple syrup market is led by players like:

• Vermont Maple Sugar Makers Association
• Pennsylvania Maple Association
• New Hampshire Maple Producers Association, Inc
• New York State Maple Producers Association
• Ontario Maple Syrup Producers Association
• Thompson's Maple Distribution Channel s
• Michigan Maple Syrup Association
• H.J. Heinz Company
• Bascom Family Farms

The global maple syrup market is segmented as follows:

By Distribution Channel

• Retail Stores
• Super/Hyper Market
• Online Stores

By Application

• Flavoring Agent

By Raw Material

• Black Maple
• Sugar Maple
• Red Maple

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa