Selbyville, Delaware, Global Agave Syrup Market size to reach USD 1.40 billion by 2027 and is valued approximately at USD 1.07 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.95% over the forecast period 2021-2027.
Agave Syrup is produced from the agave plant through its nectar. It acts as a sweetener and is produced naturally. The global Agave Syrup market is being driven by growing demand for healthy sweetener products. Another major driving factor for the market is the introduction of the new products by the manufacturers.
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For instance, in May 2021, Arkay launched the world’s first alcohol-free aromatic bitter which includes Agave Syrup as one of the ingredients. Furthermore, the increase in diabetic patients is influencing the market positively. For instance, according to the World Health Organization, in 2019, around 1.5 million deaths were directly caused by diabetes. Also, the growth in health-conscious consumers, will provide new opportunities for the global Agave Syrup industry. However, development of artificial sweeteners and lack of awareness among the consumers to use natural sweeteners may impede market growth over the forecast period of 2021-2027.
Major market player included in this report are:
- The iidea Company
- The Agave Sweetener Company
- NOW Health Group, INC.
- Best Ground International
- NATURAL SUBSTITUTE DE MEXICO, S.A. DE C.V.
- Naturalever de M?(C)xico
- Malt Products Corporation
- Natura Bio Foods.
- MADHAVA LTD.
- Colibree Company
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are evaluated for regional analysis of the global Agave Syrup Market. Asia Pacific is the leading region across the world in terms of market share due to increased demand of flavoring agents in different types of food products and expansion of e-commerce. Whereas Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to the increasing number of diabetic patients and increasing per capita income in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
By Distribution Channel:
Global Agave Syrup Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Agave Syrup market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Agave Syrup in 2020?
- What shall be the Agave Syrup Market size by 2027?
- Which region shall account for the largest market share of the Agave Syrup Industry?
- What are the market threats and opportunities considered by the vendors in the Agave Syrup Market?
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