Global Agave Nectar market outlook 2024, Forecast To 2033
23 Jan, 2024
The agave nectar market has experienced rapid growth, increasing from $0.25 billion in 2023 to $0.27 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.5%. This growth in the historic period is attributed to healthy eating trends, the natural and organic food movement, the popularity of vegan and plant-based diets, the low glycemic index of agave nectar, and its versatile use in mixology and culinary applications. Looking ahead to 2028, the market is expected to continue its rapid growth, reaching $0.4 billion at a CAGR of 10.3%. Anticipated drivers include clean label and transparency, sugar reduction initiatives, global culinary fusion, the growth of non-alcoholic beverages, and the increasing demand for sustainable products. Major trends include the adoption of low-glycemic sweeteners, the rise of vegan and plant-based diets, health-conscious consumption, sustainable and ethical sourcing, and the development of alternative alcoholic beverages.
Global Agave Nectar Market Key Driver
The agave nectar market is driven by heightened fitness awareness and a rising number of health-conscious consumers. In 2021, a Gelesis survey revealed that 60% of Americans aim to be healthier, with 51% focusing on weight reduction through diets and fitness. This trend propels the agave nectar market, as it serves as a natural sweetener for health-conscious individuals, fostering growth in the forecast period.
Get A Free Sample Of The Global Agave Nectar Market ReportGlobal Agave Nectar Market Segments
The global agave nectar market covered in this report is segmented –
1) By Product: Light Agave Nectar, Dark Agave Nectar
2) By Functional: Emulsifier, Sweetener, Flavor Enhancer
3) By Distribution Channel: Supermarkets, Online Stores, Retail Stores, Other Distribution Channels
4) By Application: Bakery, Beverages, Confectionery, Other Applications
By Geography: The regions covered in the Agave Nectar market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the agave nectar market in 2023. The regions covered in the agave nectar market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Agave Nectar Industry Players
Whole Earth Brands Inc., Pura Foods Ltd., Malt Products Corporation, The Groovy Food Company, Sisana Sweetener, Domino Foods Inc., The IIDEA Company, Madhava Foods Ltd., Maretai Organics Australia Pty Ltd., Hain Daniels Group Ltd., Ciranda Inc., Dandy Lions Limited, Suzannes Specialties Inc., Dipasa USA Inc., American Beverage Marketers, Nekutli Agave Nectar, Wholesome Sweeteners Inc., Agave Dream LLC, Agave In The Raw, Blue Green Organics LLC, Casa De Sante, Constellation Brands Inc., Ceres Organics Pvt. Ltd., Cholaca, Desert Harvesters, El Tesoro Tequila, Goya Foods Inc., Green Cuisine Food Products Ltd., Health Garden USA, Nature's Touch Landscape Pvt. Ltd.
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Agave Nectar Market Overview
Agave nectar is a sweetener used as a natural substitute for artificial sweeteners and refined sugars. It has a low glycemic index, which does not cause high blood glucose and helps prevent problems such as metabolic syndrome and insulin resistance.
Agave Nectar Global Market Report 2023 provides data on the global agave nectar market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The agave nectar market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.