Understanding the Maple Syrup Industry


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The maple syrup industry is witnessing significant growth, and the market was valued at USD 1.49 billion in 2021. The industry is expected to expand at a CAGR (compound annual growth rate) of 6.2% from 2022 to 2028. The US is a major producer of maple syrup, and the growth of maple syrup can be attributed to various factors. Among other noteworthy countries, China is expected to grow at a CAGR of 8.8%, followed by Japan and Canada at 3.2% and 5.2%. Let us discover more about the scope of the maple syrup industry in this article and understand the factors behind the growth of the industry.

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