Market Overview:
The global blue agave market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for blue agave products from the food and beverage, pharmaceutical, nutraceutical, and other applications. North America is expected to dominate the global blue agave market during the forecast period owing to the presence of key players in this region and rising demand for blue agave products from various applications. However, Asia Pacific is projected to grow at a highest CAGR during the forecast period due to increasing awareness about benefits of blue agave products among consumers coupled with rising disposable income levels in countries such as China and India.
Product Definition:
Blue Agave is a succulent plant that is used to produce tequila. The sap from the blue agave plant is distilled to make tequila.
Organic Blue Agave:
Organic blue agave is a unique variety of Agave plant, which has been cultivated to produce sweet syrup. It is also used as an ingredient in the preparation of tequila. The organic blue agave plant can grow up to 6 meters tall and its branches form a perfect heart shape with wide leaves at the bottom and narrow leaves at the top. The heart-shaped leaf pattern provides an excellent foil for insects to land on while feeding or flying through because of its large surface area.
Conventional Blue Agave:
Conventional blue agave is a variety of Agave stricta and is also known as “Blue Hyson”. It has large leaves that are bluish-green in color with prominent veins. The plant can grow up to 6 feet tall and has clusters of small white flowers at the top of its stem.
Application Insights:
The others segment dominated the overall blue agave market in 2017, accounting for over 40% of the revenue share. The segment includes cosmetics and pharmaceuticals. Blue agaves are used as raw material for manufacturing medicines and supplements due to its sweet taste, low calories and high fiber content. It is also used in cosmetics products such as moisturizers, body lotions, face creams & masks because of its skin nourishing properties. Furthermore, it is widely utilized in beverages such as Tequila because of its strong flavor that enhances the drink¢â‚¬â„¢s complexity and aroma. However, food & beverage was estimated to be the fastest-growing application segment with a CAGR around 10% from 2018 to 2030 owing to increasing demand for alcoholic drinks especially Mexico where Tequila is originated from which will boost product demand over the forecast period significantly driving growth further.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of large number of manufacturers and processors, along with increased demand for agave-based products from Mexico and U.S., which has boosted production capacities across this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing awareness about nutritional products among consumers, especially millennials, along with rising disposable income levels in emerging economies including China and India will drive product demand during this period.
Growth Factors:
- Increasing demand for tequila and other blue agave-based products from the US and other countries
- Rising popularity of cocktails that include tequila or mezcal
- Growing interest in Mexican cuisine and culture, which has helped to boost demand for blue agave products
- Innovative new products that use blue agave as an ingredient, such as energy drinks and skin care items
- Increased marketing efforts by blue agave producers to promote the benefits of their product
Scope Of The Report
Report Attributes
Report Details
Report Title
Blue Agave Market Research Report
By Type
Organic Blue Agave, Conventional Blue Agave
By Application
Food and Beverage, Pharmaceutical, Nutraceutical, Others
By Companies
San Marcos Growers, Dipasa, Madhava Natural Sweeteners, Colibree Company, Global Goods, The Groovyfood company, San Marcos Growers
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Blue Agave Market Report Segments:
The global Blue Agave market is segmented on the basis of:
Types
Organic Blue Agave, Conventional Blue Agave
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
Food and Beverage, Pharmaceutical, Nutraceutical, 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:
- San Marcos Growers
- Dipasa
- Madhava Natural Sweeteners
- Colibree Company
- Global Goods
- The Groovyfood company
- San Marcos Growers
Highlights of The Blue Agave 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:
- Organic Blue Agave
- Conventional Blue Agave
- By Application:
- Food and Beverage
- Pharmaceutical
- Nutraceutical
- 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 Blue Agave 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?
Blue agave is a type of succulent plant that can be found in the southwestern United States and Mexico. It is known for its sweet, blue-green flesh which can be used to make tequila, mezcal, or other types of spirits.
Some of the major companies in the blue agave market are San Marcos Growers, Dipasa, Madhava Natural Sweeteners, Colibree Company, Global Goods, The Groovyfood company, San Marcos Growers.
The blue agave market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blue Agave Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blue Agave Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blue Agave Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blue Agave Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blue Agave Market Size & Forecast, 2018-2028
4.5.1 Blue Agave Market Size and Y-o-Y Growth
4.5.2 Blue Agave Market Absolute $ Opportunity
Chapter 5 Global Blue Agave Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blue Agave Market Size Forecast by Type
5.2.1 Organic Blue Agave
5.2.2 Conventional Blue Agave
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blue Agave Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blue Agave Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Pharmaceutical
6.2.3 Nutraceutical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blue Agave Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blue Agave Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blue Agave Analysis and Forecast
9.1 Introduction
9.2 North America Blue Agave Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blue Agave Market Size Forecast by Type
9.6.1 Organic Blue Agave
9.6.2 Conventional Blue Agave
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blue Agave Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Pharmaceutical
9.10.3 Nutraceutical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blue Agave Analysis and Forecast
10.1 Introduction
10.2 Europe Blue Agave Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blue Agave Market Size Forecast by Type
10.6.1 Organic Blue Agave
10.6.2 Conventional Blue Agave
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blue Agave Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Pharmaceutical
10.10.3 Nutraceutical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blue Agave Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blue Agave Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blue Agave Market Size Forecast by Type
11.6.1 Organic Blue Agave
11.6.2 Conventional Blue Agave
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blue Agave Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Pharmaceutical
11.10.3 Nutraceutical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blue Agave Analysis and Forecast
12.1 Introduction
12.2 Latin America Blue Agave Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blue Agave Market Size Forecast by Type
12.6.1 Organic Blue Agave
12.6.2 Conventional Blue Agave
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blue Agave Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Pharmaceutical
12.10.3 Nutraceutical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blue Agave Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blue Agave Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blue Agave Market Size Forecast by Type
13.6.1 Organic Blue Agave
13.6.2 Conventional Blue Agave
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blue Agave Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Pharmaceutical
13.10.3 Nutraceutical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blue Agave Market: Competitive Dashboard
14.2 Global Blue Agave Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 San Marcos Growers
14.3.2 Dipasa
14.3.3 Madhava Natural Sweeteners
14.3.4 Colibree Company
14.3.5 Global Goods
14.3.6 The Groovyfood company
14.3.7 San Marcos Growers
