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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.
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Opportunities and Challenges in the Market
8 Global Agave Syrup Market Analysis
8.1 Key Industry Highlights
8.2 Global Agave Syrup Historical Market (2018-2023)
8.3 Global Agave Syrup Market Forecast (2024-2032)
8.4 Global Agave Syrup Market by Type
8.4.1 Light Agave Syrup
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Dark Agave Syrup
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Agave Syrup Market by Nature
8.5.1 Organic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Conventional
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Agave Syrup Market by Distribution Channel
8.6.1 Hypermarkets and Supermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Convenience Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online Channels
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Agave Syrup Market by Application
8.7.1 Bakery
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Beverages
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Confectionery
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Agave Syrup Market by Function
8.8.1 Emulsifiers
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Sweeteners
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Flavour Enhancers
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.9 Global Agave Syrup Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Agave Syrup Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Agave Syrup Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Agave Syrup Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Agave Syrup Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Agave Syrup Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code- 170260)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 The IIDEA Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 The Agave Sweetener Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Best Ground International
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Noushig, Inc. (Amoretti)
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Malt Products Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 NBF Distribution Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Sisana Sweeteners
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Agave Syrup Market: Key Industry Highlights, 2018 and 2032
2. Global Agave Syrup Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Agave Syrup Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Agave Syrup Historical Market: Breakup by Nature (USD Million), 2018-2023
5. Global Agave Syrup Market Forecast: Breakup by Nature (USD Million), 2024-2032
6. Global Agave Syrup Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Agave Syrup Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Agave Syrup Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Agave Syrup Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Agave Syrup Historical Market: Breakup by Function (USD Million), 2018-2023
11. Global Agave Syrup Market Forecast: Breakup by Function (USD Million), 2024-2032
12. Global Agave Syrup Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Agave Syrup Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Agave Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Agave Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Agave Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Agave Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Agave Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Agave Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
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
The global agave syrup market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
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.
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 2024-2032, 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.
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