Categories: Food & Beverages

Agave Nectar Market 2023 – Market Trends, Latest Growth Opportunities, Top Players And Forecast To 2032 | Whole Earth Brands, Pura Foods Ltd., Malt Products Corporation, The Groovy Food Company, Sisana Sweetener

The Agave Nectar Global Market Report 2023 by The Business Research Company, provides agave nectar market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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In accordance with The Business Research Company’s insightful analysis, the global agave nectar market exhibited remarkable growth, expanding from $0.22 billion in 2022 to $0.25 billion in 2023, manifesting a noteworthy compound annual growth rate (CAGR) of 13.0%. However, the reverberations of the Russia-Ukraine conflict have cast a shadow over global economic recovery from the COVID-19 pandemic, instigating short-term impediments. The ensuing economic sanctions, escalating commodity prices, and intricate supply chain disruptions have precipitated inflationary pressures on goods and services, permeating markets worldwide. Forecasts indicate that the agave nectar market is poised for further ascent, reaching $0.36 billion by 2027, propelled by a robust CAGR of 9.5%.

The burgeoning prevalence of fitness consciousness, coupled with an escalating population of health-conscious consumers, is anticipated to propel the agave nectar market during the forecast period. As consumers increasingly prioritize health and wellness, adopting diverse dietary regimens such as keto and vegan, and engaging in fitness pursuits, including gym activities, the demand for agave nectar as a delectable natural sweetener is poised to surge. Recognized for its versatility, agave nectar emerges as an optimal substitute for high-glycemic and refined sugars, garnering favor among dieters, diabetics, and health-conscious culinary enthusiasts alike.

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The agave nectar market is segmented:

1) Agave Nectar Market By Product: Light Agave Nectar, Dark Agave Nectar

2) Agave Nectar Market By Functional: Emulsifier, Sweetener, Flavor Enhancer

3) Agave Nectar Market By Distribution Channel: Supermarkets, Online Stores, Retail Stores, Other Distribution Channels

4) Agave Nectar Market By Application: Bakery, Beverages, Confectionery, Other Applications

Top Major Players

Whole Earth Brands

Pura Foods Ltd.

Malt Products Corporation

The Groovy Food Company

Sisana Sweetener

The advent of biodegradable agave-based straws marks a burgeoning trend within the agave nectar market. Prominent entities in the agave nectar industry are directing their efforts toward the introduction of these sustainable alternatives to traditional plastic straws. An illustrative example is Ziggi’s Coffee, a distinguished US-based coffee shop chain, which, in October 2020, unveiled its innovative agave compostable straws. Distinguished by a robust texture akin to conventional plastic straws, these eco-friendly alternatives boast a 100% natural composition. Noteworthy is their resistance to sogginess and slower degradation compared to conventional paper straws, owing to their unique derivation from byproducts of tequila and nectar production.

The agave nectar market report table of contents includes:

1. Executive Summary

2. Agave Nectar Market Characteristics

3. Agave Nectar Market Trends And Strategies

4. Agave Nectar Market – Macro Economic Scenario

5. Agave Nectar Market Size And Growth

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26. Africa Agave Nectar Market

27. Agave Nectar Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Agave Nectar Market

29. Agave Nectar Market Future Outlook and Potential Analysis

30. Appendix