Agave Syrup Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Agave syrup is emerging as a healthy alternative for applications in the food processing industry. Agave syrup has to sweeten properties with 56% fructose and is also 1.5 times sweeter than sugar, which makes it a healthy sugar substitute. The demand for agave syrup is witnessing an uptick on account of the emerging health consciousness among consumers to encourage the demand for healthier food choices rise in consumer inclination toward natural products, and growing demand for sugar substitutes in various applications in the food & beverage industry. Moreover, a rise in the diseases such as Disabilities, obesity other non-communicable disease is one of the leading factors that demand sugar substitutes. As per the Obesity Evidence hub, 254 million children will be obese by 2030.

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The worldwide prevalence of obesity nearly tripled between 1975 and 2020. In fact, in 2020, more than 2 billion adults (39% of the adult global population) were overweight (BMI > 25). Of these, over 600 million were obese (BMI > 30). In Europe, more than half the population is overweight (BMI > 25) and up to 30% is obese (BMI > 30) and the problem is rapidly getting worse.

According to UnivDatos Market Insights (UMI)’ research report “Global Agave Syrup Market Analysis, 2020”, The rising number of bakeries and cake shops globally is resulting in a greater demand for dark agave syrups. The dark syrup is used as a sweetener in cakes, waffles and has a vanilla taste and aroma. According to the American Bakers Association, the US bakery industry is a huge business, making up 2.1% of the gross domestic product. Moreover, the market is highly fragmented, essentially made up of almost 3,000 independent bakeries, 65% of which have less than 10 employees, that bring in annual revenue of USD 30 Mn.

Based on the application, the confectionery segment acquired the X% market share and gathered USD X Mn market in 2020. The increasing rate of diabetics and other health problems due to the consumption of white sugar in children rising the demand for agave syrups in confectioneries. For instance: According to CDC's Morbidity and Mortality Weekly Report, the United States has witnessed a 4.8% increase per year for type 2 diabetes and a 1.9% increase per year for type 1 diabetes in February 2020.

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Based on the distribution channel, The hypermarket/ supermarket segment grabbed X% market share and dominated the market in 2020. The key factor attributed to the growing share of this segment is the availability of numerous brands under one roof. However, the online segment would witness the highest CAGR during the forthcoming years.

The Asia Pacific to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the Asia-Pacific region dominated the global Agave Syrup market in 2020., stated in UnivDatos Market Insights (UMI)’ research report “Global Agave Syrup Market Analysis, 2020”. Rising per capita Dairy Products consumption in the United States is leading to the growing market of Agave Syrup. As per USDA, the Dairy Products consumption in the united states reached 655 pounds per person in 2020, increasing from 628 pounds per person in 2015.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Agave Syrup Market are Cargill Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Dupont, Ajinomoto Health & Nutrition North America, Inc., PureCircle Ltd., Roquette Freres, Kawarlal & Co., Hain Celestial Inc., Pura Foods Ltd, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

 “Global Agave Syrup Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Agave Syrup Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  

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 Market Segmentation:

1.     By Type (Light Agave Syrup, Dark Agave Syrup)

2.     By Category (Organic, Conventional)

3.     By Application (Bakery, Dairy & Frozen Dessert Products, Confectionery, Retail/ Household,  Others)

4.     By Distribution Channel (Hypermarkets/Supermarkets, Convenience stores, Online Channels, Others)

5.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.     By Company (Cargill Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Dupont, Ajinomoto Health & Nutrition North America, Inc., PureCircle Ltd., Roquette Freres, Kawarlal & Co., Hain Celestial Inc., Pura Foods Ltd)

Key questions answered in the study:

1.     What are the current and future trends of the global Agave Syrup market industry?

2.     How the industry has been evolving in terms of end-user demand and application areas?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the Agave Syrup market industry?

5.     What are the customer orientation, purchase behavior, and expectations from the Agave Syrup market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL AGAVE SYRUP MARKET COVID-19 IMPACT

6 GLOBAL AGAVE SYRUP MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY CATEGORY

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

11 MARKET INSIGHTS BY REGION

12 AGAVE SYRUP MARKET DYNAMICS

13 AGAVE SYRUP MARKET OPPORTUNITIES

14 AGAVE SYRUP MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER 

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