Global Maple Water Market Size Analysis, 2019-2028
|REPORT ID: BKR1058||Domain: Food & Beverage||Published Date: June 2019|
|Pages: 257+||Format: PDF|
Global maple water market size is estimated to be valued US$ 837 million in 2019. The industry will register a CAGR of 7.1% during the forecast period to create new market opportunity for industry players. In last few years, consumers are inclining towards organic products which is registering double digit growth. Consumers are getting health conscious and believe in spending higher amount on food habits. The trend is visible throughout world. The same trend is noticed when it comes to maple water consumptions. Although maple water is relatively new to North America, it has been in use as medicinal beverage in Russia, China and Korea. Maple water is enriched with 46 different bioactive nutrients with lower sugar percent compared to coconut water. Its high health benefits has made it highly popular among consumers.
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Growing demand for maple water among consumers has led many startups to enter in the market. In last five years, hundreds of companies have emerged in the market offering maple water. Majority of them are regional based with few enhancing their capabilities intercontinental. As of 2019, the industry is highly consolidated. These companies are mainly focusing on go-to-market strategy in order to reach wide number of consumers. Promotional campaign is one such activity noticed in the maple water market.
Companies are Emphasizing on Optimizing Supply Chain Logistics in Order to Generate Higher Return on Investment (ROI)
Seasonal production of maple waters along with uncertainty in overall output has somewhat negatively affected the demand from suppliers. There is need for developing processing and harnessing the water throughout the year. Cold storage seems to be one such options. Moreover, tapping the maple water is one of the major challenges faced by the industry since there is no defined stages of when the water will flow through trees. These factors has necessitated the demand for logistic efficiency in order to ensure steady supply of products and build connections with distributors. For instance, Vertical Water has over 1,100 stores in North America. It has helped company to effectively manage its logistic chain and generate higher ROI. Many companies are still away from full-fledged business operations.
Increasing Demand for Maple Syrup to Boost Intake of Maple Water from Allied Industry
Maple water is the main ingredient of maple syrup and is therefore in high demand from allied industry. Maple syrup proves to be healthy and is of high medicinal properties. As a result, the uptake of the syrup has increased significantly. Maple syrup has lower glycemic index than sugars, which again makes it healthy to consume compared to sugars.
Global Maple Water Market Size Analysis and Industry Opportunity: By Region
Globally, North America dominated the sales of maple water in 2018. The region has well established distribution channels, large number of maple trees and consumers that are inclined towards organic product heavily. All these factors make North America one of the key region for industry players engaged in production and supply of maple water in the region.
Western Europe holds huge potential for industry players. However, the consumption of maple water is fairly low compared to North America. Product campaigning is required to aware consumers. UK dominated the sales in the Western Europe region.
Global Maple Water Market Size and Forecast: Competition Landscape
Some key Maple Water market players are:
- Oviva Eau D’Erable Pure
- Vertical Water
By Product Type:
By Distribution Network:
- Online Sales
- Hypermarket and Supermarket
- General Stores
- Convenience Stores
- Mass Merchandisers
What Will You Discover in the Report?
- An in-depth analysis of the Maple Water market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Maple Water market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Maple Water market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Maple Water industry during the forecast period
- Who are the Maple Water industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Maple Water Industry Suppliers
- Maple Water Industry Manufacturers
- Consultants and Analysts
Analyst access with Bekryl Market Analysts
Purchasing of Maple Water market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.