The Agave Syrup Market size is estimated at USD 187.24 million in 2024, and is expected to reach USD 246.22 million by 2029, growing at a CAGR of 5.63% during the forecast period (2024-2029).
The global market for agave syrup is highly competitive and fragmented, owing to the presence of large regional and domestic players in different countries. The major players in the market include Malt Products Corporation, Sisana Sweeteners, Maretai Organics Australia, Hain Daniels Group, and The IIDEA Company. The major companies have been focused on strategies such as mergers, acquisitions, and partnerships, which help them acquire new product lines and expand their presence globally. Moreover, the key players have constantly focused on product innovation and new product development, which help them boost their brand presence among consumers and cater to a large customer base across the globe.
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