The maple syrup market is projected to grow at a CAGR of 5.76% to reach US$951.412 million by 2024, from US$679.979 million in 2018. Maple syrup is a natural sweetener extracted from the xylem sap of maple trees, which are commonly found in Canada and the United States. The maple syrup market is projected to grow during the forecast period owing to its increasing demand as an alternative to sugar in multiple baking and confectionery applications. Furthermore, the growing awareness regarding the health benefits of maple syrup is also projected to augment this demand in the coming years. In addition to this, the growing popularity of maple syrup in developing regions such as China and India is estimated to open new opportunities for the maple syrup market to grow.
The Maple Syrup Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product, type, and geography.
The maple syrup has been segmented based on product, type, and geography. By product, the market has been segmented on the basis of conventional and organic. By type, the market has been segmented as grade A and grade B.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the maple syrup market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the maple syrup market.
The maple syrup market has been segmented by product, type, and geography.
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for maple syrup market?
A1. The maple syrup market is projected to grow at a CAGR of 5.76% over the forecast period.
Q2. What is the size of global maple syrup market?
A2. Maple Syrup market was valued at US$679.979 million in 2018.
Q3. How is the maple syrup market segmented?
A3. The maple syrup market has been segmented based on product, type, and geography.
Q4. What will be the maple syrup market size by 2024?
A4. The global maple syrup market is projected to reach a total market size of US$951.412 million by 2024.
Q5. What factors are anticipated to drive the maple syrup market growth?
A5. The maple syrup market is projected to grow during the forecast period owing to its increasing demand as an alternative to sugar in multiple baking and confectionery applications.