Americas Tops the Global Maple Syrup Market – Technavio

By , in PR PR Health on .

LONDON–The global maple syrup market is expected to grow at an impressive CAGR of close to 6% during 2017-2021, according to Technavio’s latest market research.

In this market research report, Technavio covers the market outlook and growth prospects of the global maple syrup market for 2017-2021. The report further segments the market based on product (inorganic and organic), by distribution method (supermarkets and hypermarkets, convenience stores, independent retailers, and others) and, geography (Americas, EMEA and, APAC).

Technavio’s research analysts segment the global maple syrup market into the following regions:

  • Americas
  • EMEA
  • APAC

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Americas: largest maple syrup market

The rising demand for convenience food and alternative sugar sources in the Americas has led to this region becoming the primary producer and consumer in the syrups market. The market growth is further fueled by the growing demand for syrups in industrial and non-industrial applications. Apart from this, changing consumer preferences will also contribute to market growth. Industries such as confectionery, bakery, cereal, and dairy make use of syrups.

“Due to the rise in obesity rate, maple syrup is in high demand and is considerably replacing sugar in cooking. The antioxidants present in maple syrup are essential for heart health and the immune system, which is a cause for its high demand. Additionally, there is an increase in demand for maple syrup from the confectionery and baking industries in North America, which has contributed to increased sales. Liquid glucose controls the formation of sugar crystals and therefore, it is essential in making confectionery and frozen desserts,” says Manjunath Reddy, a lead food research expert from Technavio.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Maple syrup market in EMEA

A wide range of products such as cold cereals, beverages, snacks and bakery products focus on quality, health, and natural attributes and maple syrups are widely used in such products. In Europe, maple syrup is also an important product for soft drink manufacturers. Maple syrup is used in the preparation of cocktail, flavored beers, and Italian sodas. Therefore, the European liquor market will substantially contribute to the market growth rate.

“The formulation of new syrup products such as maple syrup by manufacturers is rising due to growing demand for low-calorie food products. These syrups are rich in antioxidants and help prevent and fight inflammatory disease, aid in protection against cancer, and protect skin health. Additionally, a variety of food products such as functional food, confectionery, desserts, baked food, snacks, and jellies are sweetened using syrups,” says Manjunath.

Maple syrup market in APAC

Countries such as Japan, Australia, China, and India have contributed to the potentially growing market for maple syrups in APAC. The growth of the maple syrup market in this region is due to the rising demand for soft drinks, tea, coffee, and mixed drinks. The demand for low-calorie sweeteners and products that contain them is rising due to the growing awareness of health problems associated with obesity. Apart from this, the importance of maintaining a healthy lifestyle has spurred the market growth.

In Japan, healthy living campaigns by the Japanese government alongside rising health consciousness among consumers and increasing aging population have resulted in increasing demand for convenient and healthy packaged food with health-boosting compounds.

The top vendors in the global maple syrup market as highlighted in this market research analysis are:

  • B&G Foods
  • Pinnacle Foods
  • The J.M. Smucker Company
  • The Kraft Heinz Company

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

The following two tabs change content below.
Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
%d bloggers like this: