Global Maple Syrup Market 2019-2023
About this market
Packaging plays a major role in maple syrup sales in terms of retaining the flavor, taste, product quality, color, texture, and shelf life. Many major companies are collaborating with packaging manufacturers to develop advanced packaging technology for their products to expand their consumer base. The packaging of any product is a brand extension of the product and is an important factor in the consumer buying decision
Technavio’s analysts have predicted that the global maple syrup market will register a CAGR of almost 7% by 2023.
New product launches
Regional and international market players are focusing on broadening their consumer base and boosting their revenue flow by adopting innovative and distributive strategies. This enables them to gain a competitive edge over their competitors in the market.
Fluctuating prices of raw materials
Depending on the availability, raw materials required to produce maple syrup such as sugar and maple sap can have fluctuating prices.
For the detailed list of factors that will drive and challenge the growth of the global maple syrup market during 2019-2023, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the adoption of advanced packaging technology and new product launches, will provide considerable growth opportunities to maple syrup market vendors. American Garden, B&G Foods, Butternut Mountain Farm, Ferguson Farm Vermont Maple Syrup, PepsiCo, and THE J. M. SMUCKER COMPANY are some of the major companies covered in this report.
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