Global maple syrup market is likely to develop at around 5% CAGR during the forecast period from 2019 to 2025 and anticipated to develop by around USD 459.7 Million by 2025.
The global maple syrup market revenue is estimated at 460 (USD Million) by 2025 and is projected to grow at a CAGR of nearly 5% during the period from 2019 to 2025. The report offers valuation and analysis of the maple syrup market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, revenue estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
Key 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.
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.
North American Market To Register Lucrative Growth By 2025
The regional market growth over 2019-2025 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.
Key players profiled in the maple syrup industry are 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, and Bascom Family Farms.
The global maple syrup market is segmented as follows:
By Distribution Channel
By Raw Material
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