NEWARK, Del, July 26, 2023 (GLOBE NEWSWIRE) -- The Agave Syrup Market has experienced significant growth recently, driven by the increasing demand for sugar alternatives as health-conscious consumers seek natural, sustainable sweeteners with a lower glycemic index. Agave syrup has gained popularity for its natural sweetness derived from the agave plant, making it a favored choice for various applications in beverages, desserts, and sauces.
As per Future Market Insights (FMI), the global agave syrup market is currently valued at US$ 571.1 million in 2023 and it is expected to attain a valuation of US$ 1,092.4 million by 2033. Global sales of agave syrups are likely to soar at a healthy CAGR of 6.7% during the forecast period from 2023 to 2033.
Request our latest sample report to stay informed and gain a deeper understanding of this thriving industry through comprehensive market analysis and valuable insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-17756
The rising usage of agave syrups in applications such as beverages, confectionery, and bakery is driving the global market forward. Subsequently, changing preference towards sugar alternatives is expected to elevate agave syrup demand.
Sugar alternatives are constantly in demand due to the negative consequences of sugar. Agave is an organic sweetener that has been used as a sugar replacement for over 14 years. When compared to sugar and honey, 100 g of agave can produce 20 times more sweetness.
Agave syrup contains two vitamins, vitamin C and vitamin B, both of which are sugar-free. Agave syrup is commonly used in tequila manufacturing due to its sweetening and flavoring qualities. As a result, increased tequila consumption will eventually boost the demand for agave syrup.
In the past few years, there has been a significant increase in worldwide demand for clean-label foods. This is due to increasing consumer awareness about the health benefits of products containing natural ingredients.
Growing demand for clean-label products is prompting companies to use items such as agave syrups in their products. This in turn will boost the target market during the assessment period.
Agave syrup has a caramel flavor and can be used in beverages with a strong flavor. It may also enhance the flavor of fish, pork, and poultry meals.
The rising usage of agave syrup as an ideal alternative to sugar and honey across the thriving bakery and confectionery sectors will create lucrative growth prospects for the market.
Get valuable insights and make informed business decisions by speaking to our experienced research experts today. Schedule a consultation now to stay ahead in this dynamic market. Click here to book your session@ https://www.futuremarketinsights.com/ask-question/rep-gb-17756
Key Takeaways from the Agave Syrup Report:
- The global agave syrup industry is expected to reach a valuation of US$ 1,092.4 million by 2033.
- Global demand for agave syrup is likely to soar at 6.7% CAGR over the forecast period.
- Based on product type, the light agave syrup segment is estimated to reach a valuation of US$ 618.1 million by 2033.
- By application, the beverages segment is expected to hold a market share of 69.3% during the projection period.
- The United States agave syrup market is projected to reach a valuation of US$ 95.2 million by 2033.
- Agave syrup sales in China are likely to rise at 7.6% CAGR through 2033.
- India's agave syrup industry is poised to expand at around 8.0% CAGR during the assessment period.
Customize your report and save up to 30% by selecting specific countries or regions that matter most to you@ https://www.futuremarketinsights.com/customization-available/rep-gb-17756
“As health-conscious consumers actively seek out natural and alternative sweeteners demand for agave syrups is set to rise at a robust pace through 2033. While some concerns exist regarding its fructose content, agave syrup's versatility, and perceived lower glycemic index have made it a popular choice across a wide range of products. This continued demand has contributed to its steady growth and sustained market presence, indicating its relevance in meeting the needs of health-conscious individuals.” says a lead analyst at Future Market Insights (FMI)
Our Top 14 Key players in Agave Syrup Market are:
- Malt Products Corporation
- The IIDEA Company
- The Agave Sweetener Company
- Soviia Agave
- The Tierra Group
- Grupo Solave
- Nature’s Agave, Inc.
- Nobazul - Agave Syrup Solutions
- DelphiOrganic
- The Colibree Company, Inc.
- The American Beverage Marketers
- Madhava Natural Sweeteners
- Global Goods Inc.
- The Simple Syrup Co.
These key companies are committed to expanding their portfolios by introducing new products. They are also showing interest in employing strategies such as partnerships, mergers, acquisitions, etc. to gain profits. For instance,
- Recently, Global Organics Ltd. unveiled Organic Wild Salmiana Agave Syrup to meet rising end user demand.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global agave syrup industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the agave syrup market based on product type (light and dark), function (emulsifiers, sweeteners, and flavor enhancer), application (bakery, beverages, confectionery, and others), and distribution channel (direct and indirect) across various regions.
Agave Syrup Market by Category
By Product Type:
- Light
- Dark
By Function:
- Emulsifier
- Sweetener
- Flavor Enhancer
By Application:
- Bakery
- Beverages
- Confectionery
- Others (Marinades, Salads)
By Distribution Channel:
- Direct
- Indirect
- Store-based Retailing
- Online Retail
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Seize the opportunity presented by diverse growth factors and ensure your success today. Click here to make a purchase and gain a competitive edge in the global marketplace@ https://www.futuremarketinsights.com/checkout/17756
About the Food & Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Explore More Reports Related to Food & Beverages Domain:
Date Syrup Market Size: The date syrup market is estimated to capture a valuation of US$ 417 million in 2023 and is projected to reach US$ 692.3 million by 2033. The market is estimated to secure a CAGR of 5% from 2023 to 2033.
Sugar-free Syrups Market Share: The sugar-free syrup market is estimated to secure a valuation of US$ 2890 Million in 2023 and is estimated to rise to US$ 4319 Million by 2033. The market is anticipated at a CAGR of 4.1% during the forecast period.
Low-Calorie Sweeteners Market Trends: The global low-calorie sweeteners market is expected to exceed US$ 29 Bn by 2022 and expand at a CAGR of 4.7% during the assessment period (2022-2032). Overall demand in the low-calorie sweeteners market is expected to reach a valuation of US$ 46 Bn by the end of 2032.
Sugarless Chocolate Market Growth: The global sugarless chocolate market is projected to record a CAGR of 6% from 2022-2032.
Chocolate Syrup Market Forecast: The Chocolate Syrup market is expected to grow at a CAGR of 4.2%. The market value projected to increase is from USD 2,783.4 Million in 2022 to USD 4,200.0 Million by 2032.
Liquid Sugar Market Types: The global liquid sugar market is expected to reach a market valuation of USD 130.3 Million by the year 2032, accelerating with a CAGR of 7.1% by 2022 to 2032, while it is valued at USD 65.9 Million in 2022.
Vegetable Sugar Market Analysis: The Global Vegetable Sugar Market is expected to grow at an of CAGR 4.8%. The market value is projected to increase from US$1,932.9 Million in 2022 to US$3,089.0 Million by 2032.
Sugar-Free Sweets Market Outlook: The sugar-free sweets market is estimated to secure a valuation of US$ 2.4 Billion in 2023 and is estimated to rise to US$ 3.9 Billion by 2033. The market is anticipated at a CAGR of 4.9% during the forecast period.
Cane Sugar Market Overview: The global cane sugar market is expected to reach a market valuation of USD 53.6 Bn by the year 2022, accelerating with a CAGR of 4.6% by 2022-2032.
Sugar Substitutes Market Demand: The global sugar substitute market size is valued at USD 18.3 Billion in 2022 and it is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2032.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs
