Maple
syrup is made from xylem sap of three common species maple trees
which includes the red maple (Acer rubrum), the sugar maple (Acer
saccharum) and the black maple (Acer nigrum) and contains high sugar
content in the sap. Various species of maple trees are selected and
holes are drilled into their trunks from which the exuded sap is
collected, which is then processed by the heating method and
concentrated syrup is collected. Other maple syrup sources include
box elder of Manitoba maple (Acer negundo), the bigleaf maple (Acer
macrophyllum) and the silver maple (Acer saccharinum). Maple syrup
consists of a range of volatile organic compounds which includes
hydroxybutanone, vanillin and propionaldehyde. Maple syrup contains
various flavors such as malto, strawberry furanone and furanone.
Maple syrup is widely used as toppings for various bakery products
such as waffles, cakes, pancakes, bread rolls, and French toast.
Maple syrup is also used for flavoring a wide range of food products
such as hot cereal, ice cream, sausages, fruit juices, corn fritters,
baked beans, baking powder, fresh donuts and baked apples. Maple
syrup is also used as an alternative to honey in wine mead.
Global
Maple syrup: Market Segmentation
The
global
maple syrup market
is segmented on the basis of raw material, application, distribution
channel, and region. The maple syrup market is segmented on the basis
of raw material which includes the red maple, the black maple, and
the sugar maple. Maple syrup made from sugar maple is used widely for
flavoring a variety of food products. The global maple syrup market
is segmented on the basis of application in which maple syrup is used
as a flavoring agent in bakery products such as baking powder,
waffles, pancakes, French toast and oatmeal. Granulated maple sugar
is used as a topping on coffee cake, oatmeal, grapefruit or crumb
cake. The global maple syrup market is segmented on the basis of
distribution channel such as online stores, retail stores, and
super/hyper market. Hence, the global maple syrup market is expected
to significantly increase the revenue contribution over the forecast
period.
Global
Maple syrup Market: Regional Outlook
Geographically,
the global maple syrup industry can be divided by major regions which
include North America, Latin America, Europe, Asia Pacific and Middle
East and Africa. Globally, among all regions, North America has
developed as the dominant region in global maple syrup market.
Increasing demand for maple syrup as a flavoring agent in various
food products, has strengthened the growth of global maple syrup
market and hence is projected to significantly expand the revenue
contribution of the market over the forecast period.
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Global
Maple syrup Market: Growth Drivers
The
global maple syrup market driving factors are increasing demand for
baking foods such as pancakes, waffles, bread rolls and coffee cake.
Increasing opportunities in bakery industry is also another factor in
driving the maple syrup market along with rising in the production of
maple syrup as it contains an abundant amount of minerals such as
manganese, potassium, and calcium. Maple syrup is also used as a
natural sweetener in various food products which is another major
factor driving the global maple syrup market.
Many
maple syrup producers are providing healthier product offerings based
on the increasing demand for maple syrup as a flavoring agent in a
variety of food products. Hence, the global maple syrup market is
expected to observe robust growth over the forecast period.
Global
Maple syrup Market: Key Players
Some
of the key players identified across the value chain of the global
maple syrup market include Ontario Maple Syrup Producers Association,
New Hampshire Maple Producers Association, Inc., New York State Maple
Producers Association, Pennsylvania Maple Association, Michigan Maple
Syrup Association, Thompson's Maple Products, Bascom Family Farms,
H.J. Heinz Company and Vermont Maple Sugar Makers Association. The
companies are expected to expand their business by enhancing their
product portfolio in global maple syrup market. The companies are
projected to frame certain strategies in future in order to gain the
competitive advantage in global maple syrup market till 2025.
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