Global Maple Syrup Market Expected To Grow At Around 6.6% CAGR By 2032

As per the researchers at Zion Market Research, the global maple syrup market is 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.. Few of the prominent players active in the global maple syrup market consist of New Hampshire Maple Producers Association, Inc., Ontario Maple Syrup Producers Association, Pennsylvania Maple Association, New York State Maple Producers Association, Thompson's Maple Products, Michigan Maple Syrup Association, H.J. Heinz Company, Vermont Maple Sugar Makers Association, and Bascom Family Farms.

Rising Demand For Baked Food Likely To Help The Global Maple Syrup Market Boost

The global maple syrup market is majorly boosted by factors like rising stipulation for baking foods such as waffles, pancakes, coffee cake, and bread rolls. Rising avenues in bakery industry together with increasing maple syrup production as it contains plentiful quantity of minerals like potassium, calcium, and manganese is also projected to boost the maple syrup market. Maple syrup is also utilized as a natural sweetener in numerous food products that is another key factor propelling the global maple syrup market growth. Several maple syrup makers are offering healthier product offerings taking into consideration the rising stipulation for maple syrup as an additive agent in number of food products. Thus, a substantial growth can be expected for the global maple syrup market over the years to come.

Demand For Maple Syrup As Flavoring Agent To Help The Market Reach New Heights

The global maple syrup market is bifurcated based on distribution channel, application, raw material, and region. Based on distribution channel, the maple syrup market is categorized into retail stores, super/hyper market, and online stores. Based on application, the global maple syrup is utilized as a flavoring agent in a number of bakery products like waffles, baking powder, French toast, oatmeal, and pancakes.

Granulated maple sugar is utilized as a topping on oatmeal, coffee cake, crumb cake, or grapefruit. The wide range of applications is likely to propel the growth of market in the forecast period. Based on raw material, the maple syrup market is bifurcated into the black maple, the sugar maple, and red maple. Maple syrup prepared from sugar maple is utilized extensively for flavoring a number of food products.

North America To Dominate The Market For Maple Syrup In The Coming Period

Regionally, the global maple syrup market can be categorized by key regions comprising Latin America, Asia Pacific, Europe, North America, and Middle East & Africa. Among all regions globally, North America is projected to rule the global maple syrup market in the coming period. Rising stipulation for maple syrup as an additive agent in a number of food products has bolstered the expansion of the global maple syrup market and thus is estimated to robustly increase the revenue contribution over the forecast period of the market.

Browse the full “Maple Syrup Market - By Distribution Channel (Retail Stores, Super/Hyper Market, and Online Stores), By Application (Flavoring Agent), By Raw Material (Black Maple, Sugar Maple, and Red Maple), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/maple-syrup-market

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

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