The Latin America, Middle East and Africa Maple Syrup Market would witness market growth of 9.2% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 9,094.2 Tonnes, showcasing a growth of 10.5% (2024-2031).
In the market, specialty stores play a pivotal role as a distribution channel, offering a unique and curated selection of high-quality products to discerning consumers. These specialty stores cater to such enthusiasts and culinary connoisseurs seeking premium and artisanal varieties, often sourced directly from small-scale producers and boutique syrup makers. In terms of volume, the specialty stores sold 488.03 Tonnes Maple Syrup in Brazil in 2023.
The Brazil market dominated the LAMEA Maple Syrup Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $43.7 million by 2031. The Argentina market is showcasing a CAGR of 9.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.8% during (2024 - 2031).
Maple syrup is increasingly marketed for its nutritional benefits and potential health-enhancing properties. As selling factors, producers position this as a healthier substitute for refined sugars and artificial sweeteners, emphasizing its natural antioxidants, minerals, and low glycaemic index. These producers are expanding their product offerings beyond traditional bottles.
Food production has a growing demand for transparency and traceability, and the maple syrup industry is no exception. Consumers want to know where their food comes from and how it's made. These producers are responding by providing detailed information about their production methods, tapping practices, and sustainability initiatives. Some producers even offer traceability features, allowing consumers to track the journey of their syrup from tree to table.
As per the International Trade Administration, the United Arab Emirates leads the Gulf Cooperation Council in eCommerce sales, which surged by 53% in 2020 to a record $3.9 billion, or 10% of overall retail sales. The Dubai Chamber of Commerce and Industry signifies that eCommerce will develop $8 billion in sales by 2025 as the UAE region has nearly 100% internet and mobile phone penetration. E-commerce platforms enable consumers in the UAE to explore and experiment with new and exotic ingredients, including maple syrup, for use in home cooking and baking. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Maple Syrup Market is Projected to reach USD 2.2 billion by 2031, at a CAGR of 6.8%
Based on Category, the market is segmented into Conventional, and Organic. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, Online Sales Channels, and Others. Based on Source, the market is segmented into Sugar Maple, Black Maple, and Red Maple. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Category (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Source (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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