Global Maple Water Market to reach USD 1340.5 billion by 2027.Global Maple Water Market is valued approximately at USD 205.20 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 30.75% over the forecast period 2021-2027. Maple water, commonly known as sparkle water, is a transparent liquid that is naturally filtered from maple trees. Maple water is a hydrating and nutrient-rich natural source. Maple trees are tapped, and holes are drilled in their trunks to collect sap, which subsequently is heated. The market is driven by rise of the middle class population and the growing popularity of e-commerce and increasing demand for packaged flavored beverages. For instance, in recent years, retail sales of flavored bottled water have increased in the United States, and this trend is expected to continue. Flavored bottled water sales generated approximately 5.12 billion dollars in 2018, and this figure is anticipated to increase by 42 percent to around 7.29 billion dollars in 2022. Furthermore, the flavored and functional water categories of the specialized maple water market have experienced a rise in product launches. Furthermore, brands are substantially spending in research and development, as well as advertising and branding, in order to enhance their market position and acquire a competitive edge. For example, Maple Mama Beverages LLC has rebranded its products as 'Samara' and reduced the sugar level in the drink to half in order to better position itself in such a health and wellness-focused environment. However, high prices of maple water may impede market growth over the forecast period of 2021-2027.
North America has the largest revenue share in the global maple water market among all regional markets, and this trend is expected to continue during the forecast period. The market's expansion in the region is due to the growing popularity of new beverages and increased consumer awareness of the health advantages of maple water in the region's countries. Because maple trees are abundant in these locations, the maple water industry is flourishing in North America and Europe.
Major market player included in this report are:
Pure Maple Water Company Ltd
Feronia Forests LLC
Loblaws Companies Limited
Smith & Salmon Inc.
MapleMama Beverages LLC
Kiki Maple Water
Maple 3
Drink Simple
Seva Maple Water
Oviva Eau D'erable Pure
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Flavored
Unflavored
By Packaging type:
Bottles
Cartons/Tetra Paks
Other Packaging Types
By Distribution channel:
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Online Retail Stores
Other Distribution Channels
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Maple Water Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors