Reports
Global Agave Syrup Market: By Type: Light Agave Syrup, Dark Agave Syrup; By Nature: Organic, Conventional; By Distribution Channel; By Application; By Function; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Agave Syrup Market Outlook
The global agave syrup market is expected to grow at a CAGR of 5.4% during the period 2023-2028.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Agave Syrup Market Analysis
8.1 Key Industry Highlights
8.2 Global Agave Syrup Historical Market (2018-2022)
8.3 Global Agave Syrup Market Forecast (2023-2028)
8.4 Global Agave Syrup Market by Type
8.4.1 Light Agave Syrup
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Dark Agave Syrup
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Agave Syrup Market by Nature
8.5.1 Organic
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Conventional
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Agave Syrup Market by Distribution Channel
8.6.1 Hypermarkets and Supermarkets
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Convenience Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Online Channels
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Agave Syrup Market by Application
8.7.1 Bakery
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Beverages
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Confectionery
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Agave Syrup Market by Function
8.8.1 Emulsifiers
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Sweeteners
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Flavour Enhancers
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.9 Global Agave Syrup Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code- 170260)
11.1 Major Exporting Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Importing Countries
11.2.1 By Value
11.2.2 By Volume
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 The IIDEA Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 The Agave Sweetener Company
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Best Ground International
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Noushig, Inc. (Amoretti)
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Malt Products Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 NBF Distribution Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Sisana Sweeteners
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Agave Syrup Market: Key Industry Highlights, 2018 and 2028
2. Global Agave Syrup Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Agave Syrup Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Agave Syrup Historical Market: Breakup by Nature (USD Million), 2018-2022
5. Global Agave Syrup Market Forecast: Breakup by Nature (USD Million), 2023-2028
6. Global Agave Syrup Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Agave Syrup Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Agave Syrup Historical Market: Breakup by Application (USD Million), 2018-2022
9. Global Agave Syrup Market Forecast: Breakup by Application (USD Million), 2023-2028
10. Global Agave Syrup Historical Market: Breakup by Function (USD Million), 2018-2022
11. Global Agave Syrup Market Forecast: Breakup by Function (USD Million), 2023-2028
12. Global Agave Syrup Historical Market: Breakup by Region (USD Million), 2018-2022
13. Global Agave Syrup Market Forecast: Breakup by Region (USD Million), 2023-2028
14. North America Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
15. North America Agave Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Europe Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
17. Europe Agave Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Asia Pacific Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
19. Asia Pacific Agave Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Latin America Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
21. Latin America Agave Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Middle East and Africa Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
23. Middle East and Africa Agave Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Major Exporting Countries by Value
25. Major Importing Countries by Value
26. Major Exporting Countries by Volume
27. Major Importing Countries by Volume
28. Global Agave Syrup Market Structure
Key Questions Answered in the Report
The global agave syrup market is projected to grow at a CAGR of 5.4% between 2023 and 2028.
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.
Analyst Review
The global agave syrup market was driven by the rising demand in the food and beverage, and cosmetics sector in the historical period. Aided by growing health concerns among consumers and a shift in customer preference for a natural and healthier product, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 5.4%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 regional markets for agave syrup market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 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.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2799-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3999-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
NEWSLETTER