The maple water market is valued at USD 653.4 million in 2024 and is expected to register a compound annual growth rate of 25.4% during the forecast period 2024-2031, according to a new report by Coherent Market Insights. Companies covered: Drink HappyTree, My Maple Water, MapleMama Beverages LLC., Kiki Maple Water, Pure Maple Water Company Ltd., Drink Simple, Maple 3, Smith & Salmon Inc., Feronia Forests LLC., SEVA Maple Water, Asarasi, Feronia Forests LLC, and Loblaws Companies Limited

Burlingame, Aug. 21, 2024 (GLOBE NEWSWIRE) — According to Coherent Market Insights (CMI), the global Maple Water Market Revenue is expected to increase from $653.4 million in 2024 to $3,029.9 million by the end of 2031, growing at a CAGR of 24.5% during the forecast period. Demand is increasing and new maple water products are being launched at an increasing rate each year to gain market share in this emerging category. The high perceived health benefits of maple water compared to other options mean that population growth will drive even stronger sales growth in this sector over the coming decade.

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Market dynamics:

The growth of the maple water market is driven by increasing health awareness among consumers and the perceived health benefits of maple water. Maple water contains hardly any calories and is naturally rich in antioxidants such as zinc and manganese. It is considered a healthier alternative to sugary sodas and fruit juices. The pure taste with the natural sweetness of maple water is attracting more and more consumers to this beverage.

Market trends:

Innovation in packaging and product portfolio: Key market players are focusing on innovative packaging such as bottles, cartons and tetra packs made from recyclable materials. They are also expanding their product lines to include variants such as fruit-flavored maple water to appeal to different consumer segments. Increasing demand for organic and natural beverages: Maple water is gaining popularity as an alternative to organic and natural beverages as it is minimally processed and does not require the addition of sugar or preservatives. The demand for all-natural beverages with no artificial ingredients is driving the growth of the maple water market.

Maple Water Market Report Coverage

Market opportunities:

The flavored maple water segment is expected to witness a high CAGR during the forecast period. Consumers are increasingly looking for healthy beverages with unique flavors. Maple water manufacturers are launching innovative flavors such as peach, lime, lemon, passion fruit, etc. to attract new consumers. For example, Awa has launched carbonated maple water with exotic flavors.

The story continues

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Due to the increasing penetration of the internet and smartphones, online retail is expected to have the highest growth rate. Major maple water brands are focusing on aggressive online marketing and partnering with e-commerce giants to tap into the untapped potential of online sales. Maple Hill, for example, sells its products through sites like Amazon to reach customers worldwide.

Key market insights:

Due to increasing health awareness among consumers, the global maple water market is expected to register a CAGR of 25.4% during the forecast period 2024-2031.

Based on product type, the flavored maple water segment is expected to dominate due to the availability of innovative flavors.

Based on packaging type, bottles are likely to have the largest share due to their greater user-friendliness.

From a regional perspective, North America is expected to dominate the market during the forecast period as maple water production increases in Canada and the United States.

The major players in the maple water market include Drink Simple, Lower Valley Beverage Company, Maple 3, and Vertical Water. These companies are focusing on strategic collaborations to expand their global presence.

Current developments:

In May 2021, KiKi Maple Water announced an expansion of its products to Loblaw brand locations, including Your Independent grocers, Valu-Mart and City Mart.

In February 2021, District Ventures Capital (“District Ventures”) announced that it had completed an equity investment in Sapsucker. The fund is led by its General Partner Arlene Dickinson. District Ventures focuses on the CPG space and supports the company with capital, marketing, programming and commercialization.

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Detailed segmentation-

By product type:

By sales channel:

• Hypermarket/Supermarket

• General store

• Online retail store

• Miscellaneous

By region:

North America:

Latin America:

• Brazil

• Argentina

• Mexico

• Rest of Latin America

Europe:

• Germany

• United Kingdom

• Spain

• France

• Italy

• Russia

• Rest of Europe

Asia-Pacific:

• China

• India

• Japan

• Australia

• South Korea

• ASEAN

• Rest of Asia-Pacific

Middle East:

• GCC countries

• Israel

• Rest of the Middle East

Africa:

• South Africa

• North Africa

• Central Africa

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Author biography:

Ravina Pandya, PR Writer, is firmly entrenched in the market research industry. She specializes in writing well-researched articles across various industries including Food & Beverages, Information & Technology, Healthcare, Chemicals & Materials, etc. With an MBA in E-Commerce, she has expertise in SEO optimized content that resonates with industry professionals.

About Us:

Coherent Market Insights is a global market research and advisory organization offering syndicated research reports, customized research reports and consulting services. We are known for our actionable insights and authentic reports across various domains including Aerospace & Defense, Agriculture, Food & Beverage, Automotive, Chemicals & Materials and virtually every domain and an exhaustive list of sub-domains under the sun. We create value for our clients through our highly reliable and accurate reports. We also strive to play a leading role in providing insights across various sectors post COVID-19 and continue to deliver measurable, sustainable results for our clients.

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