Agave Syrup Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Agave Syrup Market size was valued at USD 156.3 Million in 2023 and is predicted to reach USD 262.3 Million by the end of 2032. The market is expected to grow with a CAGR of 6.04% during the forecast period. The report analyzes the global Agave Syrup Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Agave Syrup Market industry.

Request Free Sample

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.

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.

Request Free Sample

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.

Agave Syrup Market : Report Scope

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.

The Global Agave Syrup Market is segmented as follows:

By Application 

• flavoring agent 
• toppings in the bakery products 

By Raw material 

• black agave 
• red agave
• sugar agave

By Distribution channel 

• retail stores 
• online stores
• super/hypermarket

Agave Syrup Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.