The maple extracts market is likely to secure a CAGR of 6% during the forecast period. The market is projected to be valued at USD 2.18 Bn in 2022 and likely to be valued at USD 3.90 Bn by 2032
| Report Attribute | Details |
|---|---|
| Maple Extracts Market Value (2022) | USD 2.18 Billion |
| Maple Extracts Market Anticipated Value (2032) | USD 3.90 Billion |
| Maple Extracts Market Projected Growth Rate (2022 to 2032) | 6% |
The pure form of maple is extracted from the sap of the maple tree. However, these maple extracts are used in cooking food, making several maples extracts products such as maple syrup, maple powder, maple cream, maple water, and maple sugar. This is growing the maple extracts market size during the forecast period. The key manufacturers are developing these products, which are anticipated to boost the food & beverage industry in recent years.
However, the demand for maple extract syrup is growing in the healthcare sector due to rising diabetes and cancer patients during the forecast period. Maple syrup consists of antioxidant and anti-inflammatory compounds which improve chronic disease among patients and is likely to increase the global maple extracts market size.
On the other hand, the development of maple water by key health manufacturers is consuming low-caloric drinks, which are a better substitute for coconut drinks. The maple extracts consist of vitamins, polyphenols, sodium, manganese, and potassium, among others which are beneficial to consume for a healthy diet. Moreover, rising awareness and growing exotic maple flavored extracts by the key market players are flourishing the maple extracts market share during the forecast period.
In the North American region, the US maple extracts market dominates the global maple extracts market by capturing the highest share during the forecast period. There are around 125 types of maple extracts are provides in the US market, which has contributed a significant share in recent years. The rising consumption of maple extracts, fitness concerns, and better nutrition are likely to upsurge the US market share during the foreseen time.
The presence of key players is developing numerous flavor maple extracts, including black maple, silver maple, sugar maple, and red maple, among others. On the other hand, Canada is the largest producer of maple extract products which is expected to rise in production as per consumers' desire is likely to increase the Canada maple extract market growth during the forecast period.
The key market players are contributing the lion's share in the market by adopting several marketing methodologies during the forecast period. These players are focusing on the consumer's demand and their expectations which are anticipated to boost the maple extracts products in recent years.
The innovations of these products and growing research & development activities are mushrooming the maple extracts market size during the forecast period. Some of the marketing tactics adopted by the key prominent players are mergers, partnerships, and collaborations, among others.
Maple sap is the popular extracts maple trees, which is the only raw material for all sorts of maple extracts product. Maple has various commercial uses which includes maple syrup, maple sugar, maple powder, maple water and maple cream, where maple syrup holds a significant value in the maple extracts market.
Globally there are around 125 species of maple which mostly hail from Asia, North America, Europe and North Africa. There are around 22 species of maple provide better sugary which includes, sugar maple, black maple, red maple, silver maple and norway maple. Benefits of maple extracts includes vitamins, polyphenols, sodium, manganese, potassium and others.
Having such numerous nutrition aids maple water market is currently expanding in North America and Europe. Canada is the largest producer of maple extracts products where most of the maple extracts comes from Canada province of Quebec.
United States is the largest Importer of maple extracts products followed by Japan, Germany and U.K. However in the next upcoming years it is expected Quebec’s share is expected to drop and consequently high growth in USA.
Maple syrup consist of anti-inflammatory and antioxidant compounds which are helpful for the diabetes and cancer patients. Maple water drink has been recognized as low caloric drink and also a great substitute of coconut drink.
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Awareness and availability of maple extract products are fuelling the growth of global maple extracts market. Moreover, consumers across North America and Europe are more health conscious hence products such as nutrition syrups, creams and beverages, have got high demand over these two regions.
However, harvesting maple tree has certain criterion such as, its suitable temperature in the evening not below -4’c and in the daytime not up to 7’c and only available in the spring time so it needs to be preserved. Unavailability of such conditions in many regions is hampering the market growth.
Moreover, absence of varied flavors in maple extracts restricts its wide applications across food and beverage industry, which is restraining the maple extracts market growth.
Companies are continuously focused on research and development in order to offer maple extracts products to the end-users. This is due to wide opportunity in this market. Globally the maple extracts market has high potential in North America and entire Europe, moreover rest of the world is almost untapped.
Not only the market development there is high probability of getting product development since the market incurs a good amount into research and development.
Only a few players are operating in maple extracts market, such as Eau D érable Pure Oviva, SEVA Maple Water Inc., Citadelle, maple syrup producers' cooperative, Slopeside Syrup, Fadden's General Store & Sugar House, La Ferme Martinette.
Principal Consultant
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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The market is likely to register a CAGR of 6% through 2032.
The market is currently valued at US$ 2.18 Bn in 2022.
The market is likely to grow to a valuation of US$ 3.90 Bn by 2032
North America is likely to be a leading market during the forecast period.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Application 6.2. Product Type 7. Global Market Analysis and Forecast, By Application 7.1. Bar and Donuts 7.2. Commercial Use 7.3. Ice Cream 7.4. Chocolate 7.5. Cookies & Health Drinks 8. Global Market Analysis and Forecast, By Product Type 8.1. Maple Syrup 8.2. Maple Sugar 8.3. Maple Cream 8.4. Maple Water 8.5. Others 8.6. Light Grade Syrup 8.7. Medium Grade Syrup 8.8. Dark Grade Syrup 8.9. Candy 8.10. Chunks 8.11. Taffy 8.12. Powder 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Eastern Europe 9.4. Western Europe 9.5. Asia Pacific 9.6. Japan 9.7. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Japan Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Application and Product Type for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Eau D érable Pure Oviva 19.2. SEVA Maple Water Inc. 19.3. Citadelle 19.4. Maple Syrup Producers' Cooperative 19.5. Slopeside Syrup 19.6. Fadden's General Store & Sugar House 19.7. La Ferme Martinette
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Maple Extracts Market
