As per the latest report by Fact.MR, the global maple water market was valued at US$ 242.88 million in 2022 with worldwide demand for maple water advancing at a CAGR of 7.9% from 2018 to 2022. The global market is forecasted to expand at 10.2% CAGR and reach a valuation of US$ 706.95 million by the end of 2033.
In comparison to carbonated drinks, effervescent drinks, and juices, the demand for plant-based and organic beverages has significantly increased as a result of altering dietary practises and lifestyles. Due to its low calorie content, maple water is becoming more and more well-liked as a drink for weight loss and sports rehabilitation. Opportunities for market growth are aided by the convenience of product accessibility through the proliferation of online retail platforms, active marketing campaigns by manufacturers, and rising consumer demand for natural sweeteners.
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“Rising Demand for Maple Water”
The demand for maple water is on the rise. Maple water is a natural, nutrient-rich beverage made from the sap of maple trees. It is a great source of electrolytes, minerals, and antioxidants, and it has a sweet, earthy flavor. It is becoming increasingly popular as an alternative to sugary drinks and sports drinks.
Maple water is gaining popularity due to its health benefits. It is low in calories and sugar, and it contains essential minerals like calcium, magnesium, and potassium. It also contains antioxidants that can help protect against free radical damage. Additionally, maple water has been found to have anti-inflammatory properties that can help reduce inflammation in the body. T
he rising demand for maple water is also due to its versatility. It can be used as a base for smoothies, cocktails, and other beverages. It can also be used as a cooking ingredient or as a topping for desserts.
Maple water can also be used in place of regular water when baking or cooking. The increasing demand for maple water is also due to its sustainability. Maple trees are renewable resources that can be tapped year after year without depleting the resource. This makes it an environmentally friendly choice for those looking to reduce their carbon footprint.
Competitive landscape:
Strengthening the supply chain management system, maintaining product standards, and quality control are some initiatives taken by players to expand their footprints.
Key players are adopting innovative approaches, including technological advancements, acquisitions, mergers, etc. to expand their market ground.
For instance :
- MapleMama, in July 2021, changed its brand name to Samara while bringing a significant cut in the sugar content in its various popular organic sparkling fruit drinks. This initiative was taken by the company to address the preferences of contemporary consumers.
- ARTHU-Troll Bridge Creek Inc. is a producer of KiKi Maple Water. In March 2021, the company announced its expansion into Loblaw’s Brand. Your Independent Grocers, City Mart, and Valu-Mart are some locations that were part of the company’s expansion plan.
Key players in the maple water market are Vertical Water, Drink Simple, Belorganic Naturprodukte, Lower Valley Beverage Company Ltd., Maple 3, Eau d’Erable Pure Oviva Inc., Happytree Maple Water, WAHTA Maple Water, SEVA Maple Water, and Sibberi Ltd.
Segmentation of Maple Water Industry Research:
· By Nature :
- Conventional
- Organic
· By Packaging Type :
- Bottles
- Cans
- Tetra Packs
- Pouches/Flexes/Bottles
· By Sales Channel :
- HoReCa (Hotels, Restaurants, & Cafes)
- Modern Trade
- Departmental Stores
- Convenience Stores
- Online Retailers
- Drug Stores
· By Flavor :
- Unflavored
- Flavored
· By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Maple Water make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Maple Water Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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