Global Agave Syrup Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Agave Syrup Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global agave syrup market report has been segmented on the basis of product type, application, distribution channel, and region.

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Global Agave Syrup Market: Overview

Agave syrup or agave nectar is a syrup made from agave plant which is mainly grown in South Africa and Mexico. The agave syrup is a sweetener and is similar to honey but slightly thinner inconsistency. The agave syrup contains anti-inflammatory and antioxidant properties. It has low-glycemic value, provides excellent sweetening in foods and beverages, and adds a unique flavor to meals. It is used to improve health and decrease blood sugar levels. The agave syrup is rich source of some nutrients such as manganese, potassium, and calcium.

Global Agave Syrup Market: Dynamics

Rising consumer awareness regarding health benefits related to natural products that are produced without the use of chemicals, additives, and artificial ingredients is a key factor projected to drive the growth of the global market. In addition, increasing demand for bakery products such as coffee cake, waffles, bread rolls, pancakes, bread rolls, and etc. is another factor projected to drive the growth of the agave syrup market. Moreover, growing demand for natural sweetener products in the food and beverage industry, coupled with rising consumer preference for varieties of flavors are some of the factors expected to drive the growth of the target market. Furthermore, the granulated agave sugar is widely used as toppings in crumb cake, coffee cake, oatmeal and etc., which is positively impacting on the growth of the target market during the forecast period. The rising population, increasing the spending power of individuals, and effective distribution channels are the factors expected to augment the growth of the global market over the next 10 years.

However, lack of awareness regarding benefits related to the consumption of agave syrup is a major factor restraining the growth of the global market over the next few years.

Global Agave Syrup Market: Segment Analysis

Among the product type segments, the light segment is expected to account for major revenue share in the global market, owing to its wide application in the food & beverage industry.

Among the application segments, the beverages segment is expected to contribute to significant revenue share in the global market during the forecast period. Rising consumer awareness for calorie consumption and increasing demand for low-calorie sweeteners in the beverage industry is expected to drive the growth of the segment.

Among the distribution channel segments, the retail stores segment is projected to register a significant growth rate in the global agave syrup market during the forecast year.

Global Agave Syrup Market: Region Analysis

The North American market is projected to dominate the global agave syrup market. Growing consumption of ready-to-serve beverages in countries in the region is projected to drive the growth of the North America agave syrup market. The Asia Pacific market is expected to register the highest growth rate over the forecast period. Growing consumer preference for natural sweeteners in food products and large-scale consumption of bakery products are factors projected to support growth of the market in Asia Pacific. Moreover, Europe market is expected to register significant higher revenue growth in the global market.

Global Agave Syrup Market Segmentation:

Segmentation by product type:

 	
Light
 	
Dark

Segmentation by application:

 	
Bakery
 	
Beverages
 	
Confectionery

Segmentation by distribution channel:

 	
Retail stores
 	
Online stores
 	
Super/hypermarket