Soundness of mind

How much money does maple syrup make a year?

According to the United States Department of Agriculture, the Canadian maple syrup industry produces an estimated $400 million in syrup annually. The majority of the production is concentrated in Quebec, which produces over 80% of the world’s maple syrup. In the US, the maple syrup industry generates an estimated $60 million a year.

How much money does Canada make in a year from maple syrup?

According to Statistics Canada, maple syrup production in Canada has been steadily increasing since 2009. In 2020, Canada produced over 10.3 million gallons of maple syrup, with a total value of $348.5 million CAD. This represents an increase of 18.3% from the previous year. In terms of overall economic value, maple syrup is the most important agricultural product in Canada, accounting for almost 3% of total farm cash receipts.

How much is the maple syrup market worth?

According to a recent report by the Federation of Quebec Maple Syrup Producers, the global maple syrup market is estimated to be worth $3.8 billion in 2020. This figure is expected to grow steadily over the next few years due to rising demand for the product, especially in North America and Europe. Additionally, the growing awareness of health benefits associated with maple syrup consumption is expected to drive the market growth further.