The Global Agave Nectar Market Report by The Business Research Company covers agave nectar market drivers and restraints, agave nectar market size, major players, and the impact of COVID-19 on the agave nectar market.
The agave nectar market consists of sales of agave nectar by entities (organizations, sole traders, and partnerships) that are commercially produced from several species of agave, including agave tequilana and agave salmiana. Agave nectar is a sweetener used as a natural substitute for artificial sweeteners and refined sugars. It has a low glycemic index, which does not cause high blood glucose and helps prevent problems such as metabolic syndrome and insulin resistance.
The global agave nectar market is expected to grow from $178.87 million in 2020 to $194.55 million in 2021 at a compound annual growth rate (CAGR) of 8.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The agave nectar market is expected to reach $296.44 million in 2025 at a CAGR of 11.1%.
Increasing awareness of fitness among people coupled with a surge in the number of health-conscious consumers is expected to drive the market for agave nectar during the forecast period. Consumers are moving towards maintaining good health through various diets including keto, vegan, and fitness training including gyms. Agave nectar is a tasty natural sweetener that can be substituted for high-glycemic and refined sugars by dieters, diabetics, and health-conscious cooks in proportion.
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Some agave nectar market trends include introduction of biodegradable agave-based straws. Major companies operating in the agave nectar sector are focused on introducing biodegradable agave-based straws as an alternative to conventional plastic straws.
Global agave nectar market segments include:
1) By Product: Light Agave Nectar, Dark Agave Nectar
2) By Functional: Emulsifier, Sweetener, Flavor Enhancer
3) By Distribution Channel: Supermarkets, Online Stores, Retail Stores, Others
4) By Application: Bakery, Beverages, Confectionery, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Agave Nectar Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides agave nectar market overviews, analyzes and forecasts market size, share, agave nectar market players, agave nectar market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The agave nectar identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Agave Nectar Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Whole Earth Brands, Pura Foods Ltd., Malt Products Corporation, The Groovy Food Company, Sisana Sweetener, Domino Foods Inc, The IIDEA Company, Madhava Foods, The Agave Sweetener Company, Nekutli, The Tierra Group, and LOC Industries Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Agave Nectar Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Agave Nectar Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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