North America Maple Syrup Market Size & Outlook, 2021-2028
The maple syrup market in North America is expected to reach a projected revenue of US$ 974.9 million by 2028. A compound annual growth rate of 6% is expected of North America maple syrup market from 2022 to 2028.
Revenue, 2021 (US$M)
$649.6
Forecast, 2028 (US$M)
$974.9
CAGR, 2022 - 2028
6.0%
Report Coverage
North America
North America Maple Syrup Market, 2017-2028 (US$M)
Global Market
Related Markets
North America maple syrup market highlights
- The North America maple syrup market generated a revenue of USD 649.6 million in 2021.
- The market is expected to grow at a CAGR of 6% from 2022 to 2028.
- In terms of segment, sugar maple was the largest revenue generating source in 2021.
- Black Maple is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | USD 649.6 million |
| Market revenue in 2028 | USD 974.9 million |
| Growth rate | 6% (CAGR from 2021 to 2028) |
| Largest segment | Sugar maple |
| Fastest growing segment | Black Maple |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Red Maple, Black Maple, Sugar Maple |
| Key market players worldwide | JM Smucker Co, Lake Champlain Chocolates, Conagra Brands Inc, B&G Foods, Bascom Maple Farms, Butternut Mountain Farm, Coombs Family Farms |
Other key industry trends
- In terms of revenue, North America region accounted for 43.4% of the global maple syrup market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 217.4 million by 2028.
Key Regions:U.S., UK, Japan, Brazil, South Korea
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Publish Date: Jul 03, 2024
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Maple Syrup Market Report
Maple syrup market report segmentation & scope
Maple Syrup Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Conagra Brands Inc | View profile | 18,600 | 222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, United States, 60654 | www.conagrabrands.com |
| JM Smucker Co | View profile | 5,800 | One Strawberry Lane, Orrville, OH, United States, 44667-0280 | www.jmsmucker.com |
| Lake Champlain Chocolates | View profile | 101-250 | Burlington, Vermont, United States, North America | lakechamplainchocolates.com |
| B&G Foods | View profile | 501-1000 | Parsippany, New Jersey, United States, North America | bgfoods.com |
| Bascom Maple Farms | View profile | 11-50 | Alstead, New Hampshire, United States, North America | bascommaple.com |
| Butternut Mountain Farm | View profile | 101-250 | Morrisville, Vermont, United States, North America | butternutmountainfarm.com/ |
| Coombs Family Farms | View profile | 101-250 | Brattleboro, Vermont, United States, North America | www.coombsfamilyfarms.com/ |
North America maple syrup market report
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Maple Syrup Market Outlook will help companies and investors design strategic landscapes.
Sugar Maple was the largest segment with a revenue share of 67.43% in 2021.
Horizon Databook has segmented the North America maple syrup market based on red maple, black maple, sugar maple covering the revenue growth of each sub-segment from 2017 to 2028.
- North America Maple Syrup Market Source Outlook (Revenue, USD Million , 2017-2028)
- Red Maple
- Black Maple
- Sugar Maple
- North America Maple Syrup Market Distribution Channel Outlook (Revenue, USD Million , 2017-2028)
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America maple syrup market report, including forecasts for subscribers. This continent databook contains high-level insights into North America maple syrup market report from 2017 to 2028, including revenue numbers, major trends, and company profiles.
North America Maple Syrup Market, 2017-2028 (US$M)
North America maple syrup market statistics, by source, 2017-2028 (US$M)
