The maple extracts market is likely to secure a CAGR of 6% during the forecast period. The market is projected to be valued at US$ 2.18 Bn in 2022 and likely to be valued at US$ 3.90 Bn by 2032
Report Attribute
Details
Maple Extracts Market Value (2022)
US$ 2.18 Billion
Maple Extracts Market Anticipated Value (2032)
US$ 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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Maple Extracts Market Dynamics
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.
Maple Extracts Market Key players
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.
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The report covers exhaustive analysis on
Maple Extracts Market Segments
Maple Extracts Market Dynamics
Historical Actual Market Size, 2012 - 2014
Maple Extracts Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Maple Extracts Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Maple Extracts Market Drivers and Restraints
Regional analysis for Maple Extracts Market includes
North America
US & Canada
Latin America
Brazil, Mexico, Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
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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Maple Extracts Market Segmentation
By application maple extracts is segmented into.
bar and donuts
commercial use
ice cream
chocolate
cookies health drinks
On the basis of product type maple extracts market is segmented into:
maple syrup
maple sugar
maple cream
maple water
others
light grade syrup
medium grade syrup
dark grade syrup
candy
chunks
taffy
powder
organic
inorganic
By Geographically maple extracts is segmented into:
North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East and Africa (MEA)
Frequently Asked Questions
What is the Growth Outlook for Maple Extracts Market?
The market is likely to register a CAGR of 6% through 2032.
What is the Current Valuation of the Market?
The market is currently valued at US$ 2.18 Bn in 2022.
How is the Future of the Market?
The market is likely to grow to a valuation of US$ 3.90 Bn by 2032
Which is the Leading Region in the Market?
North America is likely to be a leading market during the forecast period.
