Report cover image

Agave Syrup Market by Type (Dark Agave Syrup, Light Agave Syrup, Raw Agave Syrup), Category (Conventional, Organic), Distribution Channel - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 199 Pages
SKU # IRE18417988

Description

Agave Syrup Market by Type (Dark Agave Syrup, Light Agave Syrup, Raw Agave Syrup), Category (Conventional, Organic), Distribution Channel - Global Forecast 2024-2030


The Agave Syrup Market size was estimated at USD 328.48 million in 2023 and expected to reach USD 356.46 million in 2024, at a CAGR 8.94% to reach USD 598.42 million by 2030.

Agave syrup, a sweetener derived from several species of the agave plant, is primarily composed of fructose and glucose and is approximately 1.5 times sweeter than table sugar, making it an effective sugar alternative. Health-conscious consumers worldwide are increasingly adopting sugar substitutes such as agave syrup for their daily dietary needs due to its nutritional benefits and natural sweetness compared to regular table sugar. Agave syrup is widely used in food preparation and as a beverage sweetener, especially among health-minded consumers looking for alternatives to processed sugars. The stringent government regulations and rules for sugar substitutes and the potential health impacts associated with agave syrup limits their usage across the globe. However, manufacturers are looking for ways to improve the product's storage, transportation, and shelf life with ongoing advancements in the packaging and processing of products. Moreover, introducing flavored agave syrups by infusing agave nectar with natural flavors is expected to provide growth opportunities for the agave syrup market in the coming years.

Regional Insights

EMEA region represents rapidly developing agave syrup markets owing to the rising production of agave and agave-based products and the end-user industries' growing usage of agave syrup. Major countries producing and exporting agave syrup are Mexico, Guatemala, Peru, Costa Rica, Colombia, Ecuador, and Honduras, expanding the availability of agave syrup in the Americas. In addition, the ongoing expansion of end-user industries is bolstering the need for agave syrups in processing bakery, confectionery, and beverage products. According to the USDA, in 2020, Agriculture, food, and related industries, including food & beverage manufacturing, food & beverage stores, food service & eating places, and many others, contributed USD 1.055 trillion to the U.S. gross domestic product (GDP). Sugar substitutes have become mainstream in some European countries, partly because of the burgeoning consumer preference for sugar alternatives. Moreover, the significant expansion of food & beverage processing industries in emerging economies of the Asia-Pacific is expected to provide scope for the agave syrup market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Agave Syrup Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Agave Syrup Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Agave Syrup Market, highlighting leading vendors and their innovative profiles. These include AGAVE CANADA, Best Ground International, Ciranda, Inc., Colibree Company, Cumberland Packing Corp., Dandy Lions Ltd., DIPASA INTERNACIONAL DE MÉXICO SA DE CV, Domino Foods Inc. by ASR Group International, Inc., eSutras Organics, Global Organics, Ltd., Le Gavia, MADHAVA LTD., Malt Products Corporation, Maretai Organics, NATURAL SUBSTITUTE DE MEXICO, S.A. DE C.V., Naturalever de México, Nature’s Agave, Navitas Organics, NBF Distribution Inc., Nobazul by Grupo Solave, NOW Health Group, Inc., Organic Nectars, Inc., Sisana Sweeteners, The Agave Sweetener Company by GRUPO PSA, The Canadian Wild Rice Mercantile. Ltd, The Groovy Food Company, The Hain Celestial Group, Inc., The IIDEA Company, THE SIMPLE SYRUP CO., The Tierra Group, and Wholesome Sweeteners, Inc. by Whole Earth Brands, Inc..

Market Segmentation & Coverage

This research report categorizes the Agave Syrup Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type

Dark Agave Syrup
  • Light Agave Syrup
  • Raw Agave Syrup
  • Category

    Conventional
  • Organic
  • Distribution Channel

    Convenience Stores
  • Hypermarkets/Supermarkets
  • Online Channels
  • Region

    Americas

    Argentina
  • Brazil
  • Canada
  • Mexico
  • United States

    California
  • Florida
  • Illinois
  • New York
  • Ohio
  • Pennsylvania
  • Texas
  • Asia-Pacific

    Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
  • Europe, Middle East & Africa

    Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Israel
  • Italy
  • Netherlands
  • Nigeria
  • Norway
  • Poland
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • United Arab Emirates
  • United Kingdom
    The report offers valuable insights on the following aspects:

    1. Market Penetration: It presents comprehensive information on the market provided by key players.
    2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
    3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
    4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
    5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
    The report addresses key questions such as:

    1. What is the market size and forecast of the Agave Syrup Market?
    2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Agave Syrup Market?
    3. What are the technology trends and regulatory frameworks in the Agave Syrup Market?
    4. What is the market share of the leading vendors in the Agave Syrup Market?
    5. Which modes and strategic moves are suitable for entering the Agave Syrup Market?


    Note: PDF & Excel + Online Access - 1 Year

    • Table of Contents

    199 Pages
    1. Preface
    1.1. Objectives of the Study
    1.2. Market Segmentation & Coverage
    1.3. Years Considered for the Study
    1.4. Currency & Pricing
    1.5. Language
    1.6. Limitations
    1.7. Assumptions
    1.8. Stakeholders
    2. Research Methodology
    2.1. Define: Research Objective
    2.2. Determine: Research Design
    2.3. Prepare: Research Instrument
    2.4. Collect: Data Source
    2.5. Analyze: Data Interpretation
    2.6. Formulate: Data Verification
    2.7. Publish: Research Report
    2.8. Repeat: Report Update
    3. Executive Summary
    4. Market Overview
    4.1. Introduction
    4.2. Agave Syrup Market, by Region
    5. Market Insights
    5.1. Market Dynamics
    5.1.1. Drivers
    5.1.1.1. Rising adoption of sugar substitutes from health-conscious consumers worldwide
    5.1.1.2. Significant inclination towards the natural sweeteners
    5.1.1.3. Growing utilization for sugar substitutes in various food & beverage applications
    5.1.2. Restraints
    5.1.2.1. Adherence to international quality standards and regulations for sugar substitute products
    5.1.3. Opportunities
    5.1.3.1. Introduction of flavored agave syrup by the vendors
    5.1.3.2. Advancements in packaging and processing of agave syrup
    5.1.4. Challenges
    5.1.4.1. Potential to cause adverse health impacts
    5.2. Market Segmentation Analysis
    5.3. Market Trend Analysis
    5.4. Cumulative Impact of High Inflation
    5.5. Porter’s Five Forces Analysis
    5.5.1. Threat of New Entrants
    5.5.2. Threat of Substitutes
    5.5.3. Bargaining Power of Customers
    5.5.4. Bargaining Power of Suppliers
    5.5.5. Industry Rivalry
    5.6. Value Chain & Critical Path Analysis
    5.7. Regulatory Framework
    6. Agave Syrup Market, by Type
    6.1. Introduction
    6.2. Dark Agave Syrup
    6.3. Light Agave Syrup
    6.4. Raw Agave Syrup
    7. Agave Syrup Market, by Category
    7.1. Introduction
    7.2. Conventional
    7.3. Organic
    8. Agave Syrup Market, by Distribution Channel
    8.1. Introduction
    8.2. Convenience Stores
    8.3. Hypermarkets/Supermarkets
    8.4. Online Channels
    9. Americas Agave Syrup Market
    9.1. Introduction
    9.2. Argentina
    9.3. Brazil
    9.4. Canada
    9.5. Mexico
    9.6. United States
    10. Asia-Pacific Agave Syrup Market
    10.1. Introduction
    10.2. Australia
    10.3. China
    10.4. India
    10.5. Indonesia
    10.6. Japan
    10.7. Malaysia
    10.8. Philippines
    10.9. Singapore
    10.10. South Korea
    10.11. Taiwan
    10.12. Thailand
    10.13. Vietnam
    11. Europe, Middle East & Africa Agave Syrup Market
    11.1. Introduction
    11.2. Denmark
    11.3. Egypt
    11.4. Finland
    11.5. France
    11.6. Germany
    11.7. Israel
    11.8. Italy
    11.9. Netherlands
    11.10. Nigeria
    11.11. Norway
    11.12. Poland
    11.13. Qatar
    11.14. Russia
    11.15. Saudi Arabia
    11.16. South Africa
    11.17. Spain
    11.18. Sweden
    11.19. Switzerland
    11.20. Turkey
    11.21. United Arab Emirates
    11.22. United Kingdom
    12. Competitive Landscape
    12.1. FPNV Positioning Matrix
    12.2. Market Share Analysis, By Key Player
    12.3. Competitive Scenario Analysis, By Key Player
    12.3.1. Agreement, Collaboration, & Partnership
    12.3.1.1. Jose Cuervo Joins Forces With Arma and Sureco to Develop Green Carbon Methodology for Agave Plants Used in Tequila Production
    12.3.2. New Product Launch & Enhancement
    12.3.2.1. Ciranda Offers Reduced Sugar Syrups
    12.3.2.2. Monin Debuts First Flavored Agave Sweetener: Spicy Agave
    12.3.2.3. Urban South Brewery Releases New Beer Brewed in Collaboration with Son of a Saint
    12.3.2.4. Beam Suntory’s Sauza Launches RTD Agave Cocktails
    12.3.3. Investment & Funding
    12.3.3.1. Hecho Tequila Soda Receives Strategic Investment from Grupo Solave and Signs Bulk Tequila Supply Agreement
    12.3.4. Award, Recognition, & Expansion
    12.3.4.1. Casa Azul Tequila Soda Expands Retailer Presence Across the United States
    13. Competitive Portfolio
    13.1. Key Company Profiles
    13.1.1. AGAVE CANADA
    13.1.2. Best Ground International
    13.1.3. Ciranda, Inc.
    13.1.4. Colibree Company
    13.1.5. Cumberland Packing Corp.
    13.1.6. Dandy Lions Ltd.
    13.1.7. DIPASA INTERNACIONAL DE MÉXICO SA DE CV
    13.1.8. Domino Foods Inc. by ASR Group International, Inc.
    13.1.9. eSutras Organics
    13.1.10. Global Organics, Ltd.
    13.1.11. Le Gavia
    13.1.12. MADHAVA LTD.
    13.1.13. Malt Products Corporation
    13.1.14. Maretai Organics
    13.1.15. NATURAL SUBSTITUTE DE MEXICO, S.A. DE C.V.
    13.1.16. Naturalever de México
    13.1.17. Nature’s Agave
    13.1.18. Navitas Organics
    13.1.19. NBF Distribution Inc.
    13.1.20. Nobazul by Grupo Solave
    13.1.21. NOW Health Group, Inc.
    13.1.22. Organic Nectars, Inc.
    13.1.23. Sisana Sweeteners
    13.1.24. The Agave Sweetener Company by GRUPO PSA
    13.1.25. The Canadian Wild Rice Mercantile. Ltd
    13.1.26. The Groovy Food Company
    13.1.27. The Hain Celestial Group, Inc.
    13.1.28. The IIDEA Company
    13.1.29. THE SIMPLE SYRUP CO.
    13.1.30. The Tierra Group
    13.1.31. Wholesome Sweeteners, Inc. by Whole Earth Brands, Inc.
    13.2. Key Product Portfolio
    14. Appendix
    14.1. Discussion Guide
    14.2. License & Pricing
    FIGURE 1. AGAVE SYRUP MARKET RESEARCH PROCESS
    FIGURE 2. AGAVE SYRUP MARKET SIZE, 2023 VS 2030
    FIGURE 3. AGAVE SYRUP MARKET SIZE, 2018-2030 (USD MILLION)
    FIGURE 4. AGAVE SYRUP MARKET SIZE, BY REGION, 2023 VS 2030 (%)
    FIGURE 5. AGAVE SYRUP MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 6. AGAVE SYRUP MARKET DYNAMICS
    FIGURE 7. AGAVE SYRUP MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
    FIGURE 8. AGAVE SYRUP MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 9. AGAVE SYRUP MARKET SIZE, BY CATEGORY, 2023 VS 2030 (%)
    FIGURE 10. AGAVE SYRUP MARKET SIZE, BY CATEGORY, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 11. AGAVE SYRUP MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2030 (%)
    FIGURE 12. AGAVE SYRUP MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 13. AMERICAS AGAVE SYRUP MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    FIGURE 14. AMERICAS AGAVE SYRUP MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 15. UNITED STATES AGAVE SYRUP MARKET SIZE, BY STATE, 2023 VS 2030 (%)
    FIGURE 16. UNITED STATES AGAVE SYRUP MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 17. ASIA-PACIFIC AGAVE SYRUP MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    FIGURE 18. ASIA-PACIFIC AGAVE SYRUP MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 19. EUROPE, MIDDLE EAST & AFRICA AGAVE SYRUP MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    FIGURE 20. EUROPE, MIDDLE EAST & AFRICA AGAVE SYRUP MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 21. AGAVE SYRUP MARKET, FPNV POSITIONING MATRIX, 2023
    FIGURE 22. AGAVE SYRUP MARKET SHARE, BY KEY PLAYER, 2023

    Pricing

    Currency Rates
    How Do Licenses Work?

    How Do Licenses Work?

    The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

    • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

    • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

    • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

    • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

    • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

    License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

    Head shot

    Questions or Comments?

    Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
    Chat Now
    Contact Us