Global Agave Syrup Market - 2023-2030
Market Overview
The Global Agave Syrup Market size reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 6.2% during the forecast period (2023-2030).
Agave syrups are the one which is produced from agave nectar which is a natural sweetener and commercially extracted from several varieties of agave species such as Agave tequilana and Agave salmiana. These are widely used as a substitute for table sugar.
Agave syrups have a less glycemic index which makes them more advantageous for consumers because it doesn’t spike blood sugar level. It’s easily dissolvable which makes it suitable for use it is cocktails and smoothies. As agave syrup is extracted from the plant source so it is popular with vegan consumers to be used.
Market Dynamics
The Rising Consumption of Agave Syrups Due to its Numerous Health Benefits
The demand for agave syrup is expected to grow higher in the anticipated period due to increasing incidences of obesity, diabetes and other cardiovascular diseases. The increasing number of diseases encourages people to consume more and more organic and natural products.
It has a lower glycemic index which makes it a better alternative to sugar for diabetics. It also contains small amounts of potassium, calcium and magnesium, as well as antioxidants like flavonoids. Agave syrup is also gluten-free, which makes it a suitable sweetener for people with celiac disease and gluten intolerance.
Growing Vegan Population Gives Agave Syrup a Remarkable Opportunity
Agave syrup is more popular with vegans because it is organic. According to NSF, a global survey was conducted in 2021 and it is found that 88% of food industry practitioners said that they expect demand for plant-based products to increase. Agave syrup is a vegan-friendly alternative to honey, which makes it a popular choice for people to follow a vegan diet.
As more people are adopting a vegan lifestyle for various reasons, including ethical concerns and health benefits. This has led to an increase in the demand for vegan-friendly ingredients including natural sweeteners like agave syrup. More food and beverage manufacturers incorporating agave syrup into their products to meet the growing demand for natural and healthy sweeteners.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global agave syrup market is segmented based on product type, form, application, distribution channel and region.
The Beverages Segment is Estimated to Witness a Steep Rise
Agave syrup is a versatile sweetener that can be easily incorporated into a variety of beverages, including tea, coffee, smoothies and juices. It dissolves quickly in cold beverages and has a neutral taste, making it an ideal sweetener for drinks that require a mild, sweet taste.
It is also considered a healthier alternative to traditional sweeteners like sugar, as it has a lower glycemic index and is lower in calories. It is a popular ingredient in cocktails and mixed drinks, as it has a unique flavor profile that pairs with spirits like tequila and mezcal.
Geographical Analysis
Asia Pacific is the Fastest Growing Region
Asia Pacific has been observed to become the fastest-growing region of the agave syrup market in the forecast period due to its increasing recognition and utilization of agave syrup as a food flavoring agent.
Due to the rapid growth of population in the Asia Pacific region, the Food and beverages industry is witnessing a significant rise, which in turn is anticipated to boost the growth of the agave syrup market. The people of the Asia Pacific region are adopting Western food habits and a growing interest in international cuisines which will opportunity for the agave syrup market is witnessing faster growth in this region.
Additionally, the Asia Pacific region is home to some of the largest populations in the world including India and China. Thailand also has favourable conditions that are suitable for the production of agave plants which makes it easily accessible for the locals. Therefore, during the forecast period, these factors will experience significant growth in the Asia Pacific region.
Competitive Landscape
The major global players include Best Ground International, NBF Distribution Inc., Sisana Sweeteners, The Agave Sweetener Company, Noushig Inc. (Amoretti), Malt Products Corporation, The IIDEA Company, Dandy Lions Limited, Steviva Ingredients, Maretai Organics Australia.
Why Purchase the Report?
• To visualize the global agave syrup market segmentation based on product type, application, form, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of agave syrup market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The Global Agave Syrup Market Report Would Provide Approximately 61 Tables, 63 Figures and 250 Pages.
Target Audience 2023
• Manufacturers/Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Product Type
- 3.2. Snippet by Application
- 3.3. Snippet by Form
- 3.4. Snippet by Distribution Channel
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising demand for natural sweeteners
- 4.1.2. Restraints
- 4.1.2.1. Limited supply to the market
- 4.1.3. Opportunity
- 4.1.3.1. Growing vegan population
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. PostCOVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During the Pandemic
- 6.5. Manufacturers’ Strategic Initiatives
- 6.6. Conclusion
- 7. By Product Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 7.1.2. Market Attractiveness Index, By Product Type
- 7.2. Dark Agave Syrup*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Light Agave Syrup
- 7.4. Raw Agave Syrup
- 7.5. Amber Agave Syrup
- 8. By Application
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
- 8.2. Beverages*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Confectionery
- 8.4. Bakery
- 8.5. Dairy
- 8.6. Others
- 9. By Form
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 9.1.2. Market Attractiveness Index, By Form
- 9.2. Organic*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Conventional
- 10. By Distribution Channel
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.1.2. Market Attractiveness Index, By Distribution Channel
- 10.2. Supermarkets/Hypermarkets*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Specialty Stores
- 10.4. Convenience
- 10.5. Online Sales
- 10.6. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Best Ground International*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. NBF Distribution Inc.
- 13.3. Sisana Sweeteners
- 13.4. The Agave Sweetener Company
- 13.5. Noushig Inc. (Amoretti)
- 13.6. Malt Products Corporation
- 13.7. The IIDEA Company
- 13.8. Dandy Lions Limited
- 13.9. Stevia Ingredients
- 13.10. Maretai Organics Australia
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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