Agave syrup is made by extracting and filtering the sap from the agave plant. It is a sweetener produced from several species of agave. Agave syrups may be heated for shorter or long times, resulting in lighter or darker syrups. It helps to control body weight and blood sugar. It can be used in more applications others than artificial sweeteners for a variety of reasons.
MARKET SCOPE
The "Global Agave Syrup Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the agave syrup market with detailed market segmentation by category, type, distribution channel and geography. The report provides key statistics on the market status of the agave syrup market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on category, the global agave syrup market is segmented into organic and conventional
- Based on type , the market is bifurcated into light agave syrup and dark agave syrup
- Based on application , the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, others
MARKET DYNAMICS
Drivers:
- Growing consumer inclination towards natural product is the major factor driving the market growth.
- Increase in disposable income also contributes for the market growth.
Restraints
- Presence of other substitute products in the market may hamper the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The agave syrup market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the agave syrup in these regions.
IMPACT OF COVID-19 ON AGAVE SYRUP MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the agave syrup market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from agave syrup market are anticipated to lucrative growth opportunities in the future with the rising demand for agave syrup in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the agave syrup market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Blue Green Organics
- Colibree Company
- HoneyTree
- Global Goods Inc
- Dipasa
- NOW Foods
- MADHAVA LTD
- SUZANNES SPECIALTIES, INC
- Wholesome Sweeteners Inc
- The iidea Company
- Hain Daniels Group
- Maretai Organics Australia
- Best Ground International
- Natura Bio Foods
- DOMINO FOODS INC
- The Tierra Group
- Groovy Food Company Ltd
- MONIN INCORPORATED
- Organic Nectars
- The Simple Syrup Co
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.