Agave Syrup Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Increasing prevalence of diseases such as obesity and diabetes across the globe and rising demand of agave syrup in bakery industry to produce bakery products such as bread waffles, pancake as well as growing health awareness among the people is driving the growth of agave syrup market.
Agave syrup is also known as agave nectar which obtains by harvesting and stripping the pifia of a weber blue agave plant, then pifia is mashed, cooked and the sugar syrup is extracted for fermentation. Agave is a succulent plant which produces naturally sweet nectar. Agave syrup is a sweetener produced from several species such as agave tequila and agave salmiana. Agar syrup is sweeter than white sugar which has similar consistency to honey and slightly thinner than honey. Agave syrup is used in food and beverage and baking industry. It has neutral flavor, it keeps moisture and inhibit the growth of bacteria which keeps food fresh and longer shelf life of food product. Agave syrup enhance the natural flavour of coffee, tea, fruit beverages, baked goods, fresh fruits, fruit smoothies, salad dressings, jams and jellies, ice cream, yogurts, and various prepared foods without altering their flavor. It has anti-oxidant and anti-aging properties and it is good source of sweet for diabetic and obese people without harming them. Recent study shows that agave syrup helps to prevent cancer and cardiovascular diseases.
Agave syrup market is segmented into type, category, application, distribution channel, region and country. On the basis of type, agave syrup market is segmented into light agave syrup and dark agave syrup. Based on the category, agave syrup market is segmented into organic and conventional. On the basis of application, agave syrup market is segmented into bakery, dairy, confectionary, beverage and others. On the basis of distribution channel, agave syrup market is segmented into supermarket, online retailers, convenience stores and others.
The regions covered in global agave syrup market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global agave syrup market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global agave syrup market reports cover prominent players like,
Groovy Food Company has launched organic agave nectar.
News: 18 July 2016- Groovy food Company has launched 750ml bottle of organic light amber & mild agave nectar. This will use by bars and restaurants. Light amber & mild agave nectar has a low viscosity consistency, making it ideal to include in hot and cold beverages.
Agave syrup Market Dynamics-
The key factor for the growth of agave syrup market is increasing prevalence of diseases such as obesity and diabetes across the globe. According to World Health Organization (WHO), in 2019 approximately 463 million adults age between (20-49yrs) were suffering with diabetes and this will rise up to 700 million by 2045. And about two billion people are overweight or obese in worldwide. Furthermore, growing health awareness among the people due to negative effect of sugar on health thus increases demand for natural sugar substitutes is driving the growth of agave syrup market. Additionally, rapid urbanization coupled with increasing disposable income of the people thus increases demand in bakery products such as bread, waffles, cakes and others is driving the growth of agave syrup market. In addition, rise in demand in beverage industry owing to its antioxidant properties is driving the growth of agave syrup market. The factors which restrict the growth of agave syrup market is high consumption of agave syrup effects the health as well as availability of alternative artificial sweeteners in the market. Moreover, innovation in new form in agave syrup will create huge opportunity in agave syrup market.
Agave Syrup Market Regional Analysis-
Asia-Pacific is expected to dominate the growth of agave syrup market due to increasing population coupled with rising disposable income of the people in this region. Furthermore, growing health awareness among the people due to negative effect of sugar on health thus increases demand for natural sugar substitutes is driving the growth of agave syrup market in this region.
North America is projected to dominate the growth of agave syrup market due to increasing prevalence of diseases such as obesity and diabetes in countries such as U.S., Mexico. According to, Centers for Disease Control and prevention (CDC) the disease of obesity affects about 78 million Americans.
Europe is anticipated to grow due to rising consumption of bakery products such as bread, cakes. In addition, increasing demand for ready-to-drink beverages in this region owing to working population in this region is driving the growth of agave syrup market in this region.
Key Benefits for agave syrup market reports –
Global agave syrup market report covers in depth historical and forecast analysis.
Global agave syrup Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global agave syrup market report helps to identify opportunities in market place.
Global agave syrup market report covers extensive analysis of emerging trends and competitive landscape.
Agave Syrup Market Segmentation –
By Distribution channel: Supermarket, Online retailers, Convenience stores, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa