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The agave syrup market has experienced steady growth over the past few years, with increasing demand for natural and organic food products. According to a report by Persistence Market Research, the global agave syrup market was valued at $1.2 billion in 2019 and is projected to reach $2.2 billion by 2027, growing at a CAGR of 8.1% from 2020 to 2027.
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The demand for agave syrup is driven by its perceived health benefits, including its low glycemic index, which makes it suitable for people with diabetes and those trying to manage their blood sugar levels. Additionally, agave syrup is vegan, gluten-free, and has a unique flavor profile that makes it an attractive alternative to traditional sweeteners. The food and beverage industry is the largest consumer of agave syrup, with the product being used as a sweetener in a variety of products, including energy drinks, flavored water, alcoholic beverages, and bakery products. The cosmetic industry has also shown interest in agave syrup, using it as an ingredient in natural skincare products due to its moisturizing properties.
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The demand for agave syrup in North America is driven by the increasing health consciousness among consumers and the growing trend of using natural sweeteners. In Europe, the demand is driven by the increasing preference for organic and natural food products, while in the Asia Pacific, the market is expected to grow due to the rising awareness about the health benefits of agave syrup.
Companies Covered in This Report –
The iidea Company The Agave Sweetener Company NOW Health Group, INC. Best Ground International NATURAL SUBSTITUTE DE MEXICO, S.A. DE C.V. Naturalever de México Malt Products Corporation Natura Bio Foods. MADHAVA LTD. Colibree Company DOMINO FOODS INC. Sisana Sweeteners
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Key Segments of Global Agave Syrup Market
Global Agave Syrup Market By Type : Light , Dark Global Agave Syrup Market By Nature : Organic, Conventional Global Agave Syrup Market By Application : Bakery , Beverages , Confectionery , Retail Global Agave Syrup Market By Function : Emulsifiers , Sweeteners , Flavor Enhancers Global Agave Syrup Market By Distribution Channel : Business to Business , Business to Consumer : Hypermarkets/Supermarkets , Convenience Stores , Specialty Stores , Online Retail Global Agave Syrup Market By Region : North America , Latin America , Europe , South Asia , East Asia , Oceania , Middle East and Africa
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Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement
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