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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Agave Syrup Market Outlook

The global agave syrup market is expected to grow at a CAGR of 5.4% during the period 2024-2032.

Global Agave Syrup Market

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The Global Agave Syrup Market Likely to be Driven by Demand for Substitutes to Refined Sugar and Applications in the Food Sector

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.

Applications of Agave Syrup in Food & Beverages and Cosmetics Expected to Stimulate the Market

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.

Health Concerns Regarding High Fructose Levels in Agave Syrup May Hinder Market Growth

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.

Global Agave Syrup Market Segmentation

Global Agave Syrup Market by Segment

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By type, the market is segmented into: 

  • Light Agave Syrup
  • Dark Agave Syrup

By nature, the market is classified into:

  • Organic
  • Conventional

By distribution channel, the market is divided into:

  • Hypermarkets and Supermarkets
  • Convenience Stores    
  • Online Channels
  • Others

By application, the market is segmented into:

  • Bakery
  • Beverages
  • Confectionery
  • Others

By function, the market is classified into:

  • Emulsifiers
  • Sweeteners
  • Flavour Enhancers

By region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Agave Syrup Market by Region

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Key Industry Players in the Global Agave Syrup Market

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 IIDEA Company
  • The Agave Sweetener Company
  • Best Ground International
  • Noushig, Inc. (Amoretti)
  • Malt Products Corporation
  • NBF Distribution Inc.
  • Sisana Sweeteners
  • Others

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.

Key Highlights of the Report

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:

  • Type
  • Nature
  • Distribution Channel
  • Application
  • Function
  • Region
Breakup by Type
  • Light Agave Syrup
  • Dark Agave Syrup
Breakup by Nature
  • Organic 
  • Conventional
Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Convenience Stores    
  • Online Channels
  • Others
Breakup by Application
  • Bakery
  • Beverages
  • Confectionery
  • Others
Breakup by Function
  • Emulsifiers
  • Sweeteners
  • Flavour Enhancers
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • The IIDEA Company
  • The Agave Sweetener Company
  • Best Ground International
  • Noushig, Inc. (Amoretti)
  • Malt Products Corporation
  • NBF Distribution Inc.
  • Sisana Sweeteners
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Agave Syrup Market Report Snapshots

Agave Syrup Market Size

Agave Syrup Market Demand

Agave Syrup Market Growth

Agave Syrup Companies

*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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Key Questions Answered in the Report

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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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124