Maple Water Market size is estimated to be $250 million in 2019, growing at a CAGR of 32% during the forecast period 2020-2025. Increasing awareness of nutritional benefits from maple water, rising demand of flavored & organic drinks, increasing preference of disposable cans is a significant factor driving the Maple Water Market during the forecast period 2020-2025.Futhermore, maple water is basically a plant-based water containing 95% to 97.5% water, sucrose, minerals such as potassium, zinc, calcium and manganese, amino acids and bioactive compounds. In addition it is good for digestion stabilizes blood sugar, fight inflammation and has cancer chemo preventive affects. Low in calories and full of electrolytes it is a healthy alternative to sugary beverages thereby attracting large number of consumers towards it which in turn is boosting the Maple Water Market during the forecast period 2020-2025. With a larger section of the employed population, the demand for convenience flavored beverages is higher which is likely to boost the economic income of the Maple Water market in the coming years.
Report Coverage
The report: “Maple Water Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Maple Water Market.
By Flavor-Flavored Maple Water and Unflavored Maple Water.
By Packaging Type- Bottles, Cans, Tetra-Pack and Others.
By Distribution Channel-Convenience Stores, Pharmacies, Online Retailers and Others.
By Geography-North America, Europe, Asia-Pacific and Rest of the World.
Key Takeaways
The convenience stores accounted for the largest share in 2019 offering large number of products to its customers in one place.
North America dominated the Maple Water Market in 2019 owing the increasing awareness of bioactive nutrients, increasing demand of flavored drinks & beverages in that region.
Increasing awareness among consumers regarding nutritional benefits of maple water is a significant factor driving the maple water market during the forecast period 2020-2025
By Flavor- Segment Analysis
By Flavor the Maple Water Market is segmented into Flavored Maple Water and Unflavored Maple Water. Among these the flavored maple water is projected to be the fastest growing with a CAGR 28% during the forecast period 2020-2025. This is owing to the increasing health-conscious population and the growing demand of flavored drinks, beverages across the world. Furthermore, growing product innovation and development of sparkling maple water is a delightfully shippable, totally organic, nutrient packaged, tree-based hydration with naturally occurring electrolytes, prebiotics and no added sugar. In addition it comes in three different flavors and its GMO, gluten and dairy free. These are the key benefits which are further driving the maple water market during the forecast period 2020-2025.
By Distribution Channel - Segment Analysis
Based on Distribution Channel the Maple Water Market is segmented into Convenience stores, Pharmacies, Online Retailers and others. Among these the convenience stores accounted for the largest share offering large number of products to its customers in one place. Moreover, according to the beverages. Com Daily carbonated soft drinks, energy drinks, sports drinks, juices and tea are lumped together as packaged beverages and they come-in third for largest-in store convenience category with 15.3% of sales.
Geography- Segment Analysis
North America dominated the Maple Water Market in 2019 accounting for 38% of the market share by region. This is owing the increasing awareness of nutrition benefits, increasing demand of flavored drinks & beverages in that region. Furthermore, the increase in growth and plantation of sugar maple tree across eastern Canada and Northeastern U.S. is also contributing to its market growth. In addition maple syrup a product derived from maple water is anticipated to boost its market in North America owing to its demand in bakery & confectionary industries. Furthermore, the presence of major players is also contributing to its market growth.
Drivers – Maple Water Market
Increasing Awareness Among Consumer Regarding Nutritional Benefits of Maple Water
Increasing awareness among consumers regarding nutritional benefits of biotech flavor is a significant factor driving the maple water market during the forecast period 2020-2025. Furthermore the increasing demand of fruit juices and beverages is also contributing to its market growth. Growing developments and product launches by major players is a significant factor driving the Maple Water Market during the forecast period 2020-2025.
Cost-Effectiveness
Cost-effectiveness is a major factor driving the Maple Water Market during the forecast period 2020-2025. Changing lifestyle along with the growing the health concern and hectic schedules of people around the world is further driving its market. Furthermore, the wide acclamation in celebratory events and household occasion there is a demand for cakes and pastries at affordable prices which is further contributing to its market growth.
Challenges – Maple Water Market
Alternatives of Maple Water
Some of the factors that may impede the growth of Maple Water Market are alternative of Maple Water such as coconut water during the forecast period 2020-2025.Moreover, its cost is less than that of maple water and helps to fight against diabetes and high blood pressure which serves as a setback for the growth of maple water market during the forecast period 2020-2025.
Maple Water Market Industry Outlook
Product Launches, Merger & Acquistion, joint ventures and R&D activities are key strategies adopted by the players in Maple Water Market. Maple Water Market top 10 companies are Seva, Oviva, Drink Maple, Happy Tree, Maple 3, Vertical Water, Sap On Tap, Arbeau, Anti Plus and Sapsucker.
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