Rapid Industrialization to Boost Maple Syrup Market Growth by 2017-2025

 Maple syrup is made from xylem sap of three common species maple trees which includes the red maple (Acer rubrum), the sugar maple (Acer saccharum) and the black maple (Acer nigrum) and contains high sugar content in the sap. Various species of maple trees are selected and holes are drilled into their trunks from which the exuded sap is collected, which is then processed by the heating method and concentrated syrup is collected. Other maple syrup sources include box elder of Manitoba maple (Acer negundo), the bigleaf maple (Acer macrophyllum) and the silver maple (Acer saccharinum). Maple syrup consists of a range of volatile organic compounds which includes hydroxybutanone, vanillin and propionaldehyde. Maple syrup contains various flavors such as malto, strawberry furanone and furanone. Maple syrup is widely used as toppings for various bakery products such as waffles, cakes, pancakes, bread rolls, and French toast. Maple syrup is also used for flavoring a wide range of food products such as hot cereal, ice cream, sausages, fruit juices, corn fritters, baked beans, baking powder, fresh donuts and baked apples. Maple syrup is also used as an alternative to honey in wine mead. 

Global Maple syrup: Market Segmentation 

The global maple syrup market is segmented on the basis of raw material, application, distribution channel, and region. The maple syrup market is segmented on the basis of raw material which includes the red maple, the black maple, and the sugar maple. Maple syrup made from sugar maple is used widely for flavoring a variety of food products. The global maple syrup market is segmented on the basis of application in which maple syrup is used as a flavoring agent in bakery products such as baking powder, waffles, pancakes, French toast and oatmeal. Granulated maple sugar is used as a topping on coffee cake, oatmeal, grapefruit or crumb cake. The global maple syrup market is segmented on the basis of distribution channel such as online stores, retail stores, and super/hyper market. Hence, the global maple syrup market is expected to significantly increase the revenue contribution over the forecast period. 

Global Maple syrup Market: Regional Outlook 

Geographically, the global maple syrup industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global maple syrup market. Increasing demand for maple syrup as a flavoring agent in various food products, has strengthened the growth of global maple syrup market and hence is projected to significantly expand the revenue contribution of the market over the forecast period. 

Global Maple syrup Market: Growth Drivers 

The global maple syrup market driving factors are increasing demand for baking foods such as pancakes, waffles, bread rolls and coffee cake. Increasing opportunities in bakery industry is also another factor in driving the maple syrup market along with rising in the production of maple syrup as it contains an abundant amount of minerals such as manganese, potassium, and calcium. Maple syrup is also used as a natural sweetener in various food products which is another major factor driving the global maple syrup market.

 Many maple syrup producers are providing healthier product offerings based on the increasing demand for maple syrup as a flavoring agent in a variety of food products. Hence, the global maple syrup market is expected to observe robust growth over the forecast period. 

Global Maple syrup Market: Key Players 

Some of the key players identified across the value chain of the global maple syrup market include Ontario Maple Syrup Producers Association, New Hampshire Maple Producers Association, Inc., New York State Maple Producers Association, Pennsylvania Maple Association, Michigan Maple Syrup Association, Thompson's Maple Products, Bascom Family Farms, H.J. Heinz Company and Vermont Maple Sugar Makers Association. The companies are expected to expand their business by enhancing their product portfolio in global maple syrup market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global maple syrup market till 2025.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

• Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
• Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
• Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
• Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.