Agave Nectar Products Market Demand, Research Insights by 2030

Agave Nectar Market: Introduction

A recent study published by Transparency Market Research on the agave nectar market includes global industry analysis and opportunity assessment for 2020-2030. Revenue generated from the global agave nectar market has been estimated to be valued at ~US$ 156 Mn in 2020, which is projected to rise at a CAGR of ~5.7%, to reach US$ 272 Mn by 2030.

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Low-glycemic Index in Agave Nectar – Less Likely to Cause Chronic Heart Disease and Diabetes

Increasing health problems are linked to poor dietary choices. Rising health problems among children and adults have made consumers to pay more attention toward food products/issues such as sugar and calories. Owing to the change in consumer preference seeking healthier and natural products, the demand for products such as organic or natural, and clean label is increasing at a higher pace in the global market which in turn the demand for agave nectar are increasing across the globe.

Rising Demand for Sugar Substitute to Boost Growth Prospects

The demand for sugar substitutes is rising at an impressive pace. Agave is an organic sweetener, which is being used for more than 14 years as a sugar substitute. A 100 g of agave can produce 20 times more sweetness when compared to sugar and honey. Agave nectar consists of two sources of vitamins, such as vitamin C and vitamin B, which lack in sugar. This is an important factor propelling the market demand for agave nectar.

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Due to sweetening and flavoring properties of agave nectar, it is being widely used in the production of tequila. Thus, an increase in the consumption of tequila will eventually aid the expansion for the market for agave nectar. For instance, in 2016, the consumption of tequila in the U.S. was 9.1 Mn nine-liter cases. 62.4% of the whole population in the U.S. has started to use agave nectar as a substitute for sugar and honey, as it has low calorie.

Increasing Demand for Low-calorie Products will Bolster Sales Prospects

Globally, there is a rising demand for low-calorie products, which directly impact the well-being of consumers. They are aware of the health benefits gained by consuming low-calorie products. Sugar has always been a high-calorie sweetener that people consume on a daily basis. In order to replace it, low-calorie sweeteners were produced which created a potential market for agave nectar. In the year 2015, the U.S. Health Commission predicted a growth of 3.3% in the usage of alternative low-calorie sweeteners, and the market reached around US$ 1.4 Bn in 2017.

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Global Agave Nectar Market Segmentation

Agave Nectar Market, by Product Type

  • Dark Agave        
  • Light Agave

Agave Nectar Market, by Form

  • Powder
  • Liquid

Agave Nectar Market, by Nature

  • Organic
  • Conventional

Agave Nectar Market, by Price Range

  • Economy (Less Than US$ 20)
  • Mid-range (US$ 20-50)
  • Premium (More Than US$ 50)

Agave Nectar Market, by Source

  • Blue Agave
  • Salamiana Agave
  • Others (Agave Americana, etc. )

Agave Nectar Market, by Flavor  

  • Vanilla
  • Hazelnut
  • Caramel
  • Others (Maple, Coconut, Lemon, etc.)

Agave Nectar Market, by Distributional Channel

  • Stored Based Retailing
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Discount Stores
    • Wholesale Stores
    • Independent Small Groceries
    • Other Retail Formats
  • Online Retailing

About Us Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

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