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The global agave syrup market is expected to grow at a CAGR of 5.4% during the period 2024-2032.
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The global market for agave syrup is expected to grow as an increasing number of people seek healthy substitutes to refined sugar. Organic agave syrup has a low glycemic index and is said to offer other health benefits including prebiotic fibers, enhanced intestinal transit, reduced cholesterol, and zero gluten. Due to these perceived benefits, the demand for agave syrup is expected to increase. Other applications of agave syrup include confectionery, jams, beverages, bakery, cereals and granolas, dairy, condiments and spices, and cosmetics. North America, Latin America, Europe and Asia are expected to be key markets.
Agave is actually a group of plants abundantly found in Mexico and the Southwestern United States. Agave is used to produce tequila also. Agave syrup or nectar (manufactured from the sap of agave) is widely used as a sugar substitute. Organic agave refers to agave in its natural form devoid of any additives or high fructose corn syrup (HFCS). Organic agave is popular due to its low glycemic index (GI) and lower calorie count.
The colour of agave nectar depends on the processing duration; organic agave nectar is available in a variety of colours, including light, amber, dark, and raw. Raw organic agave nectar is sweet in flavour and prepared at temperatures below 115 degrees Fahrenheit. It is suitable for health-conscious consumers.
Light organic agave nectar has a more neutral flavour and is suitable for the preparation of coffee, tea, baked food items, smoothies, fruit drinks, ice creams and yogurts; it does not change the original flavours of these items. Sweeteners such as honey or barley syrup change the original taste of food items, making them sweeter.
The amber and dark varieties of agave nectar are more intense in taste, and small amounts of these variants are enough to add taste and flavour to food items such as tea, hot cereals, protein drinks, baked foods, waffles, spaghetti, meat glazes and stews. Agave nectar also maintains freshness and fluffiness in baked desserts for longer periods of time.
The taste of organic agave nectar varies with colour. While light agave nectar is milder and more neutral in taste, amber agave nectar has a more moderately intense caramel flavour. Dark agave nectar offers a strong caramel taste.
Organic agave nectar may be viscous or smooth and watery in texture.
Usefulness of agave syrup in various applications is expected to help market growth. Agave syrup can be used in jellies, fruit jams, spreadable creams, coffee drinks, juices, sodas, smoothies, energy drinks, biscuits, cakes, sweet bakery, jellies, desserts, cereals, granola, energy bars, snack bars, cow’s milk, almond milk, rice milk, coconut milk, yogurts, milkshakes, ice cream, gluten-free seasonings, dressings, and sauces.
Agave is also used in the cosmetics sector to prepare creams, masks, oils, etc. It is said to have properties that strengthen and nourish hair, and reduce wrinkles on the skin.
While organic agave syrup is believed to offer several benefits, there have been concerns with respect to processed agave syrups and the quantities in which these should be consumed. Questions have also been raised on the perceived health benefits offered by agave. The high fructose content in agave syrup may cause serious health issues in the long run. These factors may restrict market growth.
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By type, the market is segmented into:
By nature, the market is classified into:
By distribution channel, the market is divided into:
By application, the market is segmented into:
By function, the market is classified into:
By region, the market is divided into:
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The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Nature |
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Breakup by Distribution Channel |
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Breakup by Function |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global agave syrup market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The major drivers of the market include the growing health concerns among consumers, shift in customer preference for a natural and healthier product, increasing demand for natural sweeteners, and increasing consumer awareness about the health benefits of product.
The rising demand in the food and beverage and cosmetics sector and increasing health issues related to poor dietary choices are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of agave syrup in the market are light agave syrup and dark agave syrup.
By nature, the market is classified into organic and conventional.
The several distribution channels are hypermarkets and supermarkets, convenience stores, and online channels, among others.
The major applications of the market are bakery, beverages, and confectionery, among others.
The various functions include emulsifiers, sweeteners, and flavour enhancers.
The major players in the industry are The IIDEA Company, The Agave Sweetener Company, Best Ground International, Noushig, Inc. (Amoretti), Malt Products Corporation, NBF Distribution Inc., and Sisana Sweeteners, among others.
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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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