The North America Maple Syrup Market would witness market growth of 6.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 25,340.9 Tonnes, showcasing a growth of 13.2% (2020-2023).
In the market, the conventional category remains a staple choice for consumers seeking affordability and familiarity. Conventional maple syrup encompasses various grades, including Grade A (Golden, Amber, Dark, and Very Dark) and Grade B, each offering distinct flavour profiles and colour intensities to cater to diverse culinary applications. Hence, the total consumption of conventional category in the US Market was 17,085.9 Tonnes in 2023.
The US market dominated the North America Maple Syrup Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $515.7 million by 2031. The Canada market is experiencing a CAGR of 7.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.7% during (2024 - 2031).
Maple syrup is a syrup that is made from the sap that maple trees extract from their xylem. This can be a natural sweetener in baking recipes, such as cookies, cakes, muffins, and bread. It adds a unique flavour profile and moist texture to baked goods. This makes an excellent base for glazes and sauces, adding depth of flavour to dishes like roasted vegetables, grilled meats, and seafood.
Maple syrup can be drizzled over ice cream, yogurt, or oatmeal for a sweet and flavourful topping. It can also be used as an ingredient in homemade ice cream, pudding, panna cotta, and other desserts. This can be used to sweeten cocktails and mocktails, adding a rich sweetness and depth of flavour. It pairs well with spirits like bourbon, whiskey, rum, vodka and ingredients like citrus, ginger, and herbs.
As per the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada or 75% of the population. By 2025, this percentage is projected to increase to 77.6%. E-commerce platforms offer Canadian consumers access to maple syrup products, including different grades, flavors, and specialty varieties. E-commerce provides Canadian consumers convenient access to maple syrup products from the comfort of their homes or mobile devices. E-commerce platforms enable Canadian consumers to explore and experiment with new culinary trends and innovations, including maple syrup in creative recipes and applications. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Maple Syrup Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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