Agave Syrup Market Scope
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.
According to AMA, the Global Agave Syrup market is expected to see growth rate of 7.2%
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 estimates that United States Vendors will contribute to the maximum growth of Global Agave Syrup market throughout the predicted period.
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 that are part of study coverage. Additionally, the Vendors which are also part of the research are Global Goods Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Agave Syrup market by Type (Almandine, Grossular, Spessartine, Andradite and Pyrope and Uvarovite), by Application (Bakery, Beverages, Confectionery and Others) and Region with country level break-up.
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).
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.
- Technology Advancement in Manufacture Superior Products Such as Organic Agave Syrup
- 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
- Increasing Adoption of Ready to Drink Beverages in Developed Countries
- Rising Demand from Emerging Economics such as China and India
- Stringent Regulation Regarding the Usage of Ingredient for Manufacturing Agave Syrup
- Issue related to some High Prices of Products
Key Target AudienceAgave Syrup Manufacturers, Agave Syrup Traders, Distributors, and Suppliers, Raw Material Suppliers, Government and Research Organizations and Industrial & Commercial Power Equipment Agencies