Agave Syrup Market: Overview
The syrup of the agave is made from the nectar of the agave which is a sweetener that is naturally obtained and is manufactured commercially from several agave species such as Agave tequilana and Agave salmiana. The syrup that is obtained from the agave is sweeter and thick than the honey. Agave syrup comprises glucose and fructose. Agave syrup consists of several organic compounds such as vanillin, hydroxybutanone, and propionaldehyde.
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Agave Syrup Market: Facts
The honey comprises of glucose, fructose, maltose, sucrose, kojibiose, turanose, isomaltose, maltulose. The glucose content is more in honey while in agave the fructose percentage is more. People that suffer from diabetes can have agave nectar as it contains a low glycemic index. But according to the American Diabetes Association, the amount of the agave nectar in your diet should be limited.
Agave Syrup Market: Segmentation
The global market for the agave syrup is fragmented into its application, raw material, and the distribution channel. Depending on the applications, the global market is segregated into flavoring agent and toppings in the bakery products. Based on the raw material, the market is categorized into black agave, red agave, and sugar agave. Based on the distribution channel, the market is divided into retail stores, online stores, and super/hypermarket.
Agave Syrup Market: Growth Factors
The key driving factor for the growth of the agave syrup market is the growing demand for the bakery products such as the waffles, coffee cake, pancakes, bread rolls, and others. The market opportunities are increasing owing to the growing bakery industry. The agave syrup is a rich source of several nutrients such as potassium, manganese, and calcium; thus, being used increasingly in the food sector. The use of the agave syrup as a natural sweetener has also increased its demand and its applications. The use of the agave syrup adds flavor to the food products and the granulated agave sugar is also widely used as toppings in the crumb cake, coffee cake, oatmeal, and others. There are developments being made by the manufacturers of the agave syrup in order to provide healthier options to the consumers by offering a wide range of varieties thus increasing the popularity of the product. Thus in the coming years, the agave market will be experiencing a robust market growth.
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Agave Syrup Market: Regional Analysis
Across the regions, it is Asia Pacific that is dominating the agave syrup market which is followed by North America and Europe. The major factor that is contributing to the growth of agave syrup market in Asia Pacific region is its growing demand as a flavoring agent in several types of food products. Owing to this increased demand the revenue contribution will expand significantly in the coming years.
Agave Syrup Market: Competitive Players
The key market players that are involved in the agave syrup market include Dandy Lions Limited, Maretai Organics, Malt Products Corporation, Clarks, Nekutli Agave Nectar, Pura Foods Ltd., The Groovy Food Company, Wholesome Sweeteners, and others.
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Agave Syrup Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa