Market Overview:
The global agave syrup market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for natural sweeteners across the globe. Additionally, rising awareness about the benefits of agave syrup is also propelling its demand in various applications such as bakery, beverages, confectionery and others. On the basis of type, light agave syrup is expected to witness higher growth as compared to dark agave syrup during the forecast period from 2018 to 2030. This can be attributed to its growing popularity among consumers owing to its low calorie content and high nutritional value. On the basis of application, bakery segment is anticipated hold a dominant position in terms of revenue contribution throughout the forecast period followed by beverages and confectionery segments respectively.
Product Definition:
A sweetener made from the sap of the agave plant, used as an alternative to sugar or honey.
Light:
Light is a natural sweetener derived from sugar. It has zero calories and can be used in various food products to increase their sweetness. The major application of light is in agave syrup, which is widely consumed as a low-calorie sweetener across the globe.
Dark:
Dark is a natural sweetener found in agave plants. It has zero calories and is used to produce low-calorie or sugar-free syrups. The syrup can be made from whole agave or processed in order to remove the dark color. It contains many minerals, vitamins, proteins & amino acids and helps regulate blood glucose levels as well as enhances digestion & absorption of nutrients into the body cells.
Application Insights:
Beverages emerged as the leading application segment and accounted for over 40% of the total agave syrup demand in 2017. The product is widely used in cocktails, mocktails, soft drinks and juices. Growing consumer preference for healthy lifestyle choices has driven them to include more juice or soda products in their diet which, in turn, will drive demand over the forecast period.
Agave nectar is also used as a key ingredient by several manufacturers of baked goods to enhance their product offerings. Over the past few years there has been an increase in bakery stores offering vegan options along with traditional meat-based products which have increased consumer awareness about health benefits associated with agave syrup such as lower sugar content and high fiber content making it a suitable substitute for honey among other sweeteners globally.
Regional Analysis:
North America dominated the global agave syrup market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. Rising demand for low-calorie natural sweeteners in the U.S., Mexico, and Canada on account of growing obesity problems is expected to be one of the major factors driving industry expansion over the forecast period.
Europe accounted for more than 25% share of total volume in 2017 owing to rising product consumption as an alternative sweetener in tea and coffee substitutes rather than sugar or honey, which has been witnessing declining demand since 2014 due to high levels of pesticides and chemicals present during its cultivation process (nectar). In addition, increasing awareness regarding health benefits associated with agave syrup such as lower calorie level compared with that provided by sugar will drive industry expansion over next eight years.
Growth Factors:
- Increasing demand for natural sweeteners as an alternative to artificial sweeteners.
- Rising awareness about the health benefits of agave syrup over other artificial sweeteners.
- Growing popularity of agave syrup among health-conscious consumers due to its low glycemic index and high nutritional value.
- Increasing use of agave syrup in food and beverage applications owing to its unique flavor profile and versatile properties.
- Growing demand for organic products, which has led to the growth of the organic agave syrup market
Scope Of The Report
Report Attributes
Report Details
Report Title
Agave Syrup Market Research Report
By Type
Light, Dark
By Application
Bakery, Beverages, Confectionery, Others
By Companies
Sisana Sweeteners, Steviva Ingredients, The iidea Company, Nekutli Agave Nectar, Dandy Lions Limited, Maretai Organics, Wholesome Sweeteners, Madhava Sweeteners, Dipasa USA, Global Goods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Agave Syrup Market Report Segments:
The global Agave Syrup market is segmented on the basis of:
Types
Light, Dark
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery, Beverages, Confectionery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sisana Sweeteners
- Steviva Ingredients
- The iidea Company
- Nekutli Agave Nectar
- Dandy Lions Limited
- Maretai Organics
- Wholesome Sweeteners
- Madhava Sweeteners
- Dipasa USA
- Global Goods
Highlights of The Agave Syrup Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light
- Dark
- By Application:
- Bakery
- Beverages
- Confectionery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agave Syrup Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agave syrup is a sweetener made from the sap of the agave plant. It can be used in place of sugar or other sweeteners in recipes.
Some of the key players operating in the agave syrup market are Sisana Sweeteners, Steviva Ingredients, The iidea Company, Nekutli Agave Nectar, Dandy Lions Limited, Maretai Organics, Wholesome Sweeteners, Madhava Sweeteners, Dipasa USA, Global Goods.
The agave syrup market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agave Syrup Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Agave Syrup Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Agave Syrup Market - Supply Chain
4.5. Global Agave Syrup Market Forecast
4.5.1. Agave Syrup Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Agave Syrup Market Size (000 Units) and Y-o-Y Growth
4.5.3. Agave Syrup Market Absolute $ Opportunity
5. Global Agave Syrup Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Agave Syrup Market Size and Volume Forecast by Type
5.3.1. Light
5.3.2. Dark
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Agave Syrup Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Agave Syrup Market Size and Volume Forecast by Application
6.3.1. Bakery
6.3.2. Beverages
6.3.3. Confectionery
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Agave Syrup Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Agave Syrup Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Agave Syrup Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Agave Syrup Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Agave Syrup Demand Share Forecast, 2019-2029
9. North America Agave Syrup Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Agave Syrup Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Agave Syrup Market Size and Volume Forecast by Application
9.4.1. Bakery
9.4.2. Beverages
9.4.3. Confectionery
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Agave Syrup Market Size and Volume Forecast by Type
9.7.1. Light
9.7.2. Dark
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Agave Syrup Demand Share Forecast, 2019-2029
10. Latin America Agave Syrup Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Agave Syrup Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Agave Syrup Market Size and Volume Forecast by Application
10.4.1. Bakery
10.4.2. Beverages
10.4.3. Confectionery
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Agave Syrup Market Size and Volume Forecast by Type
10.7.1. Light
10.7.2. Dark
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Agave Syrup Demand Share Forecast, 2019-2029
11. Europe Agave Syrup Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Agave Syrup Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Agave Syrup Market Size and Volume Forecast by Application
11.4.1. Bakery
11.4.2. Beverages
11.4.3. Confectionery
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Agave Syrup Market Size and Volume Forecast by Type
11.7.1. Light
11.7.2. Dark
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Agave Syrup Demand Share, 2019-2029
12. Asia Pacific Agave Syrup Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Agave Syrup Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Agave Syrup Market Size and Volume Forecast by Application
12.4.1. Bakery
12.4.2. Beverages
12.4.3. Confectionery
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Agave Syrup Market Size and Volume Forecast by Type
12.7.1. Light
12.7.2. Dark
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Agave Syrup Demand Share, 2019-2029
13. Middle East & Africa Agave Syrup Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Agave Syrup Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Agave Syrup Market Size and Volume Forecast by Application
13.4.1. Bakery
13.4.2. Beverages
13.4.3. Confectionery
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Agave Syrup Market Size and Volume Forecast by Type
13.7.1. Light
13.7.2. Dark
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Agave Syrup Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Agave Syrup Market: Market Share Analysis
14.2. Agave Syrup Distributors and Customers
14.3. Agave Syrup Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sisana Sweeteners
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Steviva Ingredients
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The iidea Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nekutli Agave Nectar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dandy Lions Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Maretai Organics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wholesome Sweeteners
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Madhava Sweeteners
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dipasa USA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Global Goods
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
