Global Market Study on Agave Syrup: Rising Clean Label Trend Intensifying Usage in F&B Industry


Agave Syrup  Market
  • Published On : Jul-2020 |
  • Pages : 290 Pages |
  • Format : Agave Syrup  Market Agave Syrup  Market Agave Syrup  Market Agave Syrup  Market

The demand for natural sweeteners has substantially increased in recent years, owing to rising prevalence of various diseases and allergies related to artificial sweeteners. Agave syrup is emerging as a healthy alternative for applications in the food processing industry. Agave syrup is said to have a low glycemic index, which does not cause high blood glucose and helps prevent problems such as metabolic syndrome and insulin resistance. Increased awareness regarding these benefits of agave syrup for human health along with supporting wellness in diabetic patients is aiding the growth of the global agave syrup market.

  • Agave syrup has sweetening properties with 56% fructose, and is also 1.5 times sweeter than sugar, which makes it a healthy substitute for sugar.

As such, the global agave syrup market is set to experience decent growth over the forecast period of 2020 to 2030.

Agave Syrup Market Trends

Demand for Clean Label Products Offering Growth Opportunities: Increase in awareness regarding the harmful effects of added colors, flavors, and preservatives has led to consumers demanding transparency. Hence, there is a strong push from consumers demanding more information about the food that they consume. With the help of technology, consumers are tracing the journey of the food, from the source to consumption, to ensure safety. Customers today read the labels on packaging more than ever to check for the ingredients.

  • MADHAVA LTD. provides agave syrup which is Clean Label Project verified and ensures that the syrup is free from hundreds of toxins and contaminants.

Demand for Natural Sweeteners Promoting Sales of Agave Syrup: The way consumers are perceiving natural food ingredients can be seen in their purchasing patterns, which are changing continuously with time. The adequacy of natural products and their health benefits is the most affecting factor for the expansion of the natural sweeteners market. Customer preferences have been influenced by natural sweeteners - reason being - increasing population suffering from various diseases and being allergic toward synthetic sweeteners, which has a positive impact on the natural sweeteners market, such as agave syrup, thus, driving the growth of the agave syrup market.

  • Colibree Company provides all-natural agave syrup that is ideal for natural food and beverage products, catering to rising customer demand for natural sweeteners.

Regional Outlook of Global Agave Syrup Market

The global agave syrup market space is dominated by the established market of Europe, owing to the rising trend of adopting vegan diets in this region. Agave syrup is sourced from the blue agave plant, which primarily grows in Mexico. With key manufactures located in this region, Latin America accounts for around 19% value share.

South Asia and East Asia are witnessing fast growth and increasing their global agave syrup market share, owing to increasing adoption of natural products. Rising awareness about the health benefits of agave syrup, coupled with increasing application in the pharmaceutical and cosmetics industry, is boosting the growth of the agave syrup market in these regions. Economies from South Asia and East Asia, such as China, India, South Korea, and others, are the next potential markets for manufacturers that are involved in constant research & development for innovating agave syrup with added flavors for increased application in the food & beverage industry.

COVID-19 Impact on Agave Syrup Market

With the spread of COVID-19 bringing stringent lockdowns across many regions, industries have been severely hampered. Limitations on shipping and trade, disruption of supply chain, and manufacturing coming to a grinding halt, are factors that have adversely affected the food industry. Agave syrup is majorly used by manufacturers involved in producing different food products. Thus, the agave syrup market is expected to witness a moderate slowdown over the next two to three quarters.

Analysts’ Viewpoint

The global agave syrup market size is expected to witness substantial expansion over the coming years, with East Asia and South Asia anticipated to offer advantageous opportunities during the forecast period of 2020-2030. Increasing use of agave syrup as a key ingredient in the food processing industry, along with increased applications in different smoothies and juices, is a considerable factor for the growth of the global agave syrup market in the foreseeable future.

Leading market players such as Malt Products Corporation, DOMINO FOODS INC., Wholesome Sweeteners Inc., NOW Health Group, Inc., and others are focusing on innovation and strengthening their distribution channel for increasing their market share and position in the global agave syrup market. Increasing customer service and enhancement in quality are other strategies being adopted by key players to gain a competitive edge in the global agave syrup market.

Agave Syrup Market: Report Scope

The latest market report by Persistence Market Research on the global agave syrup market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global agave syrup market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global agave syrup market. This market study contains exclusive insights into how the global agave syrup market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global agave syrup market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with agave syrup. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global agave syrup market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global agave syrup market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the agave syrup market. Furthermore, new and emerging players in the global agave syrup market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global agave syrup market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global agave syrup market. All stakeholders in the global agave syrup market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global Agave Syrup Market

PMR’s report on the global agave syrup market offers information divided into six segments – type, nature, application, function, distribution channel, and region.

Type

Nature

Application

Function

Distribution Channel

Region

  • Light
  • Organic
  • Bakery
  • Emulsifiers
  • Business to Business
  • North America
  • Dark
  • Conventional
  • Beverages
  • Sweeteners
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retail
  • Latin America
  • Confectionery
  • Flavor Enhancers
  • Europe
  • Retail
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Key Questions Answered in PMR’s Global Agave Syrup Market

  • Which region will hold the highest market share in the global agave syrup market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global agave syrup market?
  • What are the global trends impacting the agave syrup market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the agave syrup market?
  • What is the market structure of the global agave syrup market?

Global Agave Syrup Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global agave syrup market, and reach conclusions about the future growth factors of the agave syrup market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Agave Syrup Market Report

  • The iidea Company
  • The Agave Sweetener Company
  • NOW Health Group, INC.
  • Best Ground International
  • NATURAL SUBSTITUTE DE MEXICO, S.A. DE C.V.
  • Naturalever de México
  • Malt Products Corporation
  • Natura Bio Foods.
  • MADHAVA LTD.
  • Colibree Company
  • DOMINO FOODS INC.
  • Sisana Sweeteners
  • Maretai Organics Australia.
  • Hain Daniels Group
  • Nature’s Agave
  • The Simple Syrup Co
  • The Groovy Food Company
  • The Tierra Group
  • Wholesome Sweeteners Inc.
  • Dandy Lions Ltd
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