Agave Nectar Market 2021 Developments in Future, Growth Drivers, Industry Challenges, Key Information on Major Key Players, Incredible Possibilities by Forecast 2025

The Global Agave Nectar Market Report Forecast 2021 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Agave Nectar market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

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Top Key Players in the Global Agave Nectar Market: Whole Earth Brands; Pura Foods Ltd.; Malt Products Corporation; The Groovy Food Company; Sisana Sweetener; Domino Foods Inc; The IIDEA Company; Madhava Foods

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 market is expected to reach $296.44 million in 2025 at a CAGR of 11.1%.

Market Overview and Regional Analysis:

Asia Pacific was the largest region in the agave nectar market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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. For instance, in December 2019, Jose Cuervo, a US-based producer of tequila launched biodegradable agave-based straws which will decompose up to 200 times faster than regular plastic. The new straws, which are made from an agave bio-based composite, substitute around a third of the polymers utilized in conventional straw manufacture and may be fed by microorganisms to completely biodegrade under landfill settings within one to five years. The agave-based straws have a mouthfeel and texture comparable to regular plastic straws, with a natural, organic tan hue created by the agave fibers.

In December 2020, Whole Earth Brands, a US-based company that focuses on consumer transition towards natural alternatives, plant-based, clean label, and non-sugar products acquired Wholesome Sweeteners, Inc. for $180 million-plus an earnout. This acquisition will help Whole Earth Brands to enhance its competitive position and expand consumers access to delicious foods. Wholesome Sweeteners, Inc. is a US-based manufacturer of organic sweeteners, including sugar, honey, agave, allulose, and other liquid products.

Increasing awareness of fitness among people coupled with a surge in the number of health-conscious consumers is expected to drive the market for agave nectar during the forecast period. Consumers are moving towards maintaining good health through various diets including vegan, and fitness training including gyms. Agave nectar is a tasty natural sweetener that can be substituted for high-glycemic and refined sugars by dieters, diabetics, and health-conscious cooks in proportion. According to a new survey conducted in 2021 by biotechnology company Gelesis, 60% of Americans desire to feel healthier and 51% want to reduce weight by exercising and modifying their diets including attempting to eat more plant-based foods. Therefore, the increasing awareness of fitness among people and the growing number of health-conscious consumers propels the growth of the agave nectar market.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Agave Nectar Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Agave Nectar Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Key questions answered

- Who are the Leading key players and what are their Key Business plans in the Global Agave Nectar market?
- What are the key concerns of the five forces analysis of the Global Agave Nectar market?
- What are different prospects and threats faced by the dealers in the Global Agave Nectar market?
- What are the strengths and weaknesses of the key vendors?

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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