Maple Water Market Registering A CAGR Of 10% And Will Be Valued At US$ 570.62 Mn

The global maple water market was valued at over US$ 200 Mn in 2020. As of 2021, the industry is likely to reach US$ 220 Mn. From 2021 to 2031, sales of maple water are anticipated to witness significant expansion, registering a CAGR of 10% and will be valued at US$ 570.62 Mn.

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Organic Maple Water. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Organic Maple Water Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Organic Maple Water market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Organic Maple Water

This newly published and insightful report sheds light on Market Insights of Organic Maple Water, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Organic Maple Water Market.

The maple water market is likely to witness significant growth, with demand likely to surpass 16 million liters in 2018, according to a latest report by Fact.MR. The substantial growth in the maple water market is influenced by rise in the health-conscious population and growing demand for organic and natural food products.

The increasing demand for sugar alternatives and convenience food products in North America is leading to the rise in production and consumption of maple water. Increase in growth and plantation of sugar maple tree across eastern Canada and the northeastern US is also driving maple water consumption in the region.

On account of growing demand for maple water and maple products in North America, the key players in the region are focusing on increasing the production capacity using efficient technologies. This is likely to put downward pressure on the price of maple water as the supply expands. Additionally, maple syrup, a product derived from maple water is witnessing increasing demand from baking and confectionery industries in North America.

The climate change and rising temperatures across the US and Canada is impacting maple tree growth. This is expected to affect the growth of maple water market in the coming years.

Massive Dominance of Unflavored Maple Water Continues

Maple water is natural and is vastly available in unflavored and raw form. The demand for unflavored maple water is projected to exceed 13 million liters by 2018 end, as per the Fact.MR report. Increasing number of food product manufacturers and restaurants are using maple water in its natural and unflavored form.

Majority of the companies in the water bottled space are focusing on providing pure sparkling water. With an idea to offer something innovative and attract big chunk of health-conscious customers, companies are planning to bottle the maple water obtained from maple tree in its natural flavor, thereby, preserving the nutrients in maple water with sweet and woody taste.

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Maple Water to Witness Highest Sales through Modern Trade Sales Channel

Compared to the various sales channels, modern trade sales channel including supermarkets and hypermarkets are likely to account for the highest sales of maple water. Fact.MR study expects the sales of maple water through modern trade sales channel to exceed 5 million liters by the end of 2018.

The existing players in the maple water market are providing packaged maple water that can be sold through giant stores including hypermarket and supermarket. Moreover, the target consumers buying products like maple syrup mostly belong to upper middle class and high class with the focus on healthy lifestyle. This is resulting in manufacturers distributing their product through the modern trade sales channel.

Various marketing strategies including distribution of free samples and small packs of maple water are also being adopted by players in the maple water market to increase the customer base.

Maple water is much-hyped drink in the developed countries like Canada, the US, and the UK. Manufacturers still have a sizable market to gain outside developed countries. To expand in other market across various regions, companies in the maple water market are focusing on introducing products with innovative packaging and at the best price possible.

The overall prospects for the maple water market are anticipated to remain positive. The demand for maple water is expected to reach CAGR of 8.7% in terms of volume during the forecast period, 2018-2027.  

Market Segmentation

The report also offers details on the important segments in the maple water market.

The maple water market is segmented on the basis of nature, packaging type, sales channel, and flavor type. All the key segments in the maple water market are further divided into sub-segments.

On the basis of nature, maple water market is segmented into conventional and organic. Based on the packaging type, the market is segmented into bottles, cans, tetra pack, and pouch/flexi bottle.

In terms of sales channel, the maple water market segments include HORECA, modern trade, departmental stores, convenience stores, drug stores, online retailers, and other retailers.

Based on the flavor type, the maple water market is segmented into flavored maple water and un-flavored maple water.

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Key Question answered in the survey of Organic Maple Water market report:

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More Valuable Insights on Organic Maple Water Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Organic Maple Water, Sales and Demand of Organic Maple Water, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.