Agave Syrup Market to Register Steady Growth During 2020-2030

Customers are demanding healthy food with additional nutrition contents, as the easy availability of health and nutrition information is blurring the lines of what types of products are required to maintain health. Agave syrup, being a natural plant-based product, consists of nutrients such as vitamin C, vitamin B, potassium, calcium, and selenium, all of which are beneficial to health. Growing demand for low-calorie sweeteners in beverages has led to increased application of agave syrup by manufacturers involved in the beverage industry, thus boosting the sales of agave syrup.

In recent years, the global agave syrup market has witnessed substantial growth, and this trend is anticipated to continue over the forecast period of 2020–2030, at a significant CAGR of 6%.


Get Free Sample Copy Of This Report To Understand The Structure Of The Complete Report @ https://www.persistencemarketresearch.com/samples/16882

Key Takeaways from Agave Syrup Market Study

Rising inclination of consumers toward plant-based food and plant-based diets, coupled with growing trend of veganism in countries such as the U.S., the U.K., Germany, France, Spain, the Netherlands, and others, is boosting the growth of the global agave syrup market. Agave syrup is a vegan alternative to honey, thus proving to be a hit among vegan consumers.
Demand for agave syrup is highest for beverage applications in the food & beverage industry, with 50.2% value share, as agave syrup is a base ingredient for making alcoholic beverages along with application in different smoothies, energy drinks, and juices. Agave syrup is also sweeter than sugar, which saves cost for manufacturers, thus finding increased applications in the beverage industry.
By distribution channel, the business to business segment holds a prominent share of 73.6%, owing to increasing demand from manufacturers involved in making natural products with natural and health beneficial ingredients for application in alcohol, protein shakes, probiotics and prebiotics, ice cream, beverages, confectionery, bakery, pharmaceuticals, and cosmetic products.
Europe accounts for the highest market value share of 28.7% in the global agave syrup market, due to increasing awareness of organic and natural food products and growing number of retail chains offering the same. Government support for organic products in Europe is also a key factor contributing to market growth in this region.
The market is facing production and supply chain issues due to restrictions, as only the production of essential commodities is being permitted as a result of the global COVID-19 pandemic. Growth of the market has thus been affected to some extent, with recovery expected in the fourth quarter of 2020.
“Agave syrup has many industrial applications, along with food & beverage applications. Leading manufacturers in the agave syrup market could gain more profits by launching application-specific products in food & beverage applications with different innovative flavors to attract more manufacturers, along with targeting its usage in cosmetic and pharmaceutical products for increased revenue,” says a PMR analyst.

Global Agave Syrup Market: Competitive Landscape

Leading manufacturers in the global agave syrup market space are launching new and innovative products to cater to increasing demand from health-conscious consumers

In 2018, The iidea Company introduced ‘Green Agave Syrup’, which offers an exquisite taste and health benefits to customers.
In addition, key players in the global agave syrup landscape are focusing on partnerships with distributors to increase the supply of their products in local as well as international markets.

In 2019, DOMINO FOODS INC. joined the ArrowStream’s Supplier Network to tap new business opportunities and sales contacts.
Buy Now With Covid-19 Analysis and Updated Information@ https://www.persistencemarketresearch.com/checkout/16882

Explore More Valuable Insights on Agave Syrup Market


Persistence Market Research, in its new report, offers an impartial analysis of the global agave syrup market, presenting historical data (2015–2019) and estimation statistics for the period of 2020–2030. The study offers compelling insights on the agave syrup market based on type (light, dark), function (emulsifiers, sweeteners, flavor enhancers), distribution channel( business to business, business to consumer), and application (bakery, beverages, confectionery, retail), across seven regions.

Tags

CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

This release was published on openPR.