Maple Water Market: Overview
Although maple water is a much hyped drink in countries such as the U.S., Canada, and U.K., the beverage is yet to gain a sizeable market outside of these countries. It thus continues to remain a niche market, but one that is on the brink of witnessing unprecedented growth.
Although referred to as ‘water,’ the product is in reality the sap of the maple tree, which farmers tap into in the spring. Maple water is the base ingredient for maple syrup, but is less sweet and runnier than the latter. Maple water is regarded as being a rich source of bioactive nutrients, which makes it a super-hydrating drink. Although there is only a limited body of research available on the benefits of maple water, some of the bioactive compounds that it supposedly has include polyphenols, vitamins, and nutrients. The product costs between US$3 and US$5 for a regular bottle but as the product becomes more widely available, prices could take a downward turn.
The report on the global maple water market discusses the current consumer trends in the overall beverages sector and then applies the most pertinent ones to maple water. This study also brings to the fore the challenges that companies are likely to face in the course of sourcing, packaging, and marketing their products. The most lucrative opportunities, and where they lie, are also discussed in the report.
Maple water is either flavored or unflavored. It is distributed through online stores, specialty stores, and via large-scale merchandisers.
Maple Water Market: Trends and Drivers
With consumers being more easily sold now on healthy and organic drinks, the prospects of the global maple water market are projected to be bright. By virtue of naturally being a dairy-free, gluten-free, vegan, and low-calorie drink, maple water carries the potential to appeal to a wide consumer base.
The worldwide beverage industry is in a state of flux on account of a growing consumer interest in natural and non-aerated/carbonated drinks. This has paved the way for the emergence of newer, healthier beverages. At the same time, dietary choices such as veganism and gluten-free are causing companies to bring about steady yet evident changes to their product portfolios. This trend will directly impact the course of the global maple water market.
However, the current consumer base of maple water is limited to the more affluent and health conscious consumers. This will remain the case until the product becomes more popular. The larger opportunities that are emerging in the global bottled water market are expected to indirectly benefit the global maple water market as well.
Maple Water Market: Region-wise Outlook
The current market for maple water is currently limited to the conventional markets of North America and Europe, where maple trees grow in abundance in certain regions. In many of the developing countries in Asia Pacific and the Middle East and North Africa it will still be a few years before both awareness and sales of maple water pick up. However, once that happens, these markets, with densely populated urban pockets and an increasingly affluent consumer base, could be extremely lucrative for companies in the maple water market.
Although companies selling maple water position its many natural nutrients as the key USP, there isn’t a substantial body of scientific evidence yet to back those claims. This could hamper the growth of the market considering that the majority of the consumer base for maple water is highly discerning. Moreover, the premium pricing could put it out of the reach of several consumers in cost-sensitive markets in Latin America and Asia.
Some of the companies that have already gained a foothold in the global maple water market are Vertical Water, Oviva Eau D’Erable Pure, and DRINKmaple.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.