Global Agave Syrup Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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12677
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May 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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“Global Agave Syrup Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global agave syrup market report has been segmented on the basis of product type, application, distribution channel, and region.
Global Agave Syrup Market: Overview
Agave syrup or agave nectar is a syrup made from agave plant which is mainly grown in South Africa and Mexico. The agave syrup is a sweetener and is similar to honey but slightly thinner in consistency. The agave syrup contains anti-inflammatory and antioxidant properties. It has low-glycemic value, provides excellent sweetening in foods and beverages, and adds a unique flavor to meals. It is used to improve health and decrease blood sugar levels. The agave syrup is rich source of some nutrients such as manganese, potassium, and calcium.
Global Agave Syrup Market: Dynamics
Rising consumer awareness regarding health benefits related to natural products that are produced without use of chemicals, additives, and artificial ingredients is key factor projected to drive growth of the global market. In addition, increasing demand for bakery products such as coffee cake, waffles, bread rolls, pancakes, bread rolls, and etc. is another factor projected to drive growth of the agave syrup market. Moreover, growing demand for natural sweetener products in food and beverages industry, coupled with rising consumer preference for varieties of flavors are some of the factors expected to drive growth of the target market. Furthermore, the granulated agave sugar is widely used as toppings in crumb cake, coffee cake, oatmeal and etc., which is positively impacting on growth of the target market during the forecast period. Rising population, increasing spending power of individuals, and effective distribution channels are the factors expected to augment growth of the global market over the next 10 years.
However, lack of awareness regarding benefits related to consumption of agave syrup is a major factor restraining the growth of the global market over the next few years.
Global Agave Syrup Market: Segment Analysis
Among the product type segments, the light segment is expected to account for major revenue share in the global market, owing to its wide application in the food & beverages industry.
Among the application segments, the beverages segment is expected to contribute for significant revenue share in the global market during the forecast period. Rising consumer awareness for calorie consumption and increasing demand for low calorie sweetener in the beverage industry is expected to drive growth of the segment.
Among the distribution channel segments, the retail stores segment is projected to register significant growth rate in the global agave syrup market during forecast year.
Global Agave Syrup Market: Region Analysis
North America market is projected to dominate in the global agave syrup market. Growing consumption of ready-to-serve beverages in countries in the region is projected to drive the growth of North America agave syrup market. The Asia Pacific market is expected to register highest growth rate over the forecast period. Growing consumer preference for natural sweeteners in food products and large scale consumption of bakery products are factors projected to support growth of the market in Asia Pacific. Moreover, Europe market is expected to register significant higher revenue growth in the global market.
Global Agave Syrup Market Segmentation:
Segmentation by product type:
- Light
- Dark
Segmentation by application:
- Bakery
- Beverages
- Confectionery
Segmentation by distribution channel:
- Retail stores
- Online stores
- Super/hypermarket
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Dandy Lions Limited
- Maretai Organics
- Malt Products Corporation
- Clarks
- Nekutli Agave Nectar
- Pura Foods Ltd.
- The Groovy Food Company
- Wholesome Sweeteners
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