Global Agave Nectar Market Size, Forecasts, And Opportunities
Learn about the global agave nectar market through The Business Research Company, which provides information on agave nectar market size, agave nectar market drivers and restraints, agave nectar market players, the COVID-19 impact on the agave nectar market, and more.
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 innovation in agave nectar manufacturing, thus driving the market during the forecast period.
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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.
Global agave nectar market segments include:
By Product: Light Agave Nectar, Dark Agave Nectar
By Functional: Emulsifier, Sweetener, Flavor Enhancer
By Distribution Channel: Supermarkets, Online Stores, Retail Stores, Others
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. Among these regions, Asia Pacific was the largest region in the agave nectar market in 2020.
The introduction of biodegradable agave-based straws is an emerging trend in the agave nectar market. Major companies operating in the agave nectar sector are focused on introducing biodegradable agave-based straws as an alternative to conventional plastic straws.
TBRC’s agave nectar market report covers:
Major Market Players: 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)
The Agave Nectar Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s agave nectar market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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