Scope of the Study
Agave is defined as the genus of monocots native to the hot as well as arid regions. Agave syrup is obtained from the agave, which is sweeter as well as thick as compared to honey. In addition, it consists of numerous organics compounds namely propionaldehyde, hydroxybutanone, and vanillin. It contains many health benefits such as effective in weight loss efforts, a low impact on blood sugar, crease satiety and decreases appetite and others. Growing demand for low-calorie sweetener in beverages and growing consumer awareness are propelling the growth of the market. The market for agave syrup is expected to register a CAGR of over 7.2% during the forecast period.
The market study is being classified by Type (Almandine, Grossular, Spessartine, Andradite and Pyrope and Uvarovite), by Application (Bakery, Beverages, Confectionery and Others) and major geographies with country level break-up.
Sisana (Netherlands), Ciranda Inc. (United States), Steviva Ingredients (Portland), The iidea CompanyNekutli Agave Nectar (Mexico), Dandy Lions Limited (United Kingdom), Maretai Organics (Australia), Wholesome Sweeteners (United States), Madhava Natural Sweeteners (United States), Colibree Company (United States) and Dipasa USA Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Global Goods Inc. (United States).
The agave syrup market is highly fragmented in nature with a large number of international as well as regional players operating in the market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Agave Syrup market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Agave Syrup market by Type, Application and Region.
On the basis of geography, the market of Agave Syrup has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Emulsifier will boost the Agave Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Raw Material, the sub-segment i.e. Black Agave will boost the Agave Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Retail Stores will boost the Agave Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color , the sub-segment i.e. Light Agave Syrup will boost the Agave Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Shifting Tendency towards the Use of Natural Sweeteners in Food and Beverage
- Increasing Focus on Research and Development in the Existing Product Line
- Growing Consumer Awareness Regarding the Health Benefits of Products Containing Natural Ingredients
- Technology Advancement in Manufacture Superior Products Such as Organic Agave Syrup
- Stringent Regulation Regarding the Usage of Ingredient for Manufacturing Agave Syrup
- Increasing Adoption of Ready to Drink Beverages in Developed Countries
- Rising Demand from Emerging Economics such as China and India
- Issue related to some High Prices of Products
In January 2018, the Tacoma-based Moctezuma’s Mexican Restaurant has launched its own line of orange liqueur for its margaritas using dark agave nectar from Mexico. Hence, this would help in increasing the customer base and expansion of the market. and In April 2019, the IDEAA Company has launched its new line of agave syrup, which is a range of clean label as well as organic sweeteners for food manufacturers in order to fulfill the demand for clean label food products. Therefore, this would help in increasing the customer base and expansion of the company.
Key Target AudienceAgave Syrup Manufacturers, Agave Syrup Traders, Distributors, and Suppliers, Raw Material Suppliers, Government and Research Organizations and Industrial & Commercial Power Equipment Agencies
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase