Agave Nectar Market To Grow At Rate Of 11% With The Increasing Awareness Of Health And Fitness

Agave Nectar Global Market Report 2021 - COVID-19 Growth And Change

Agave Nectar Market Report 2021 – COVID-19 Growth And Change

The Business Research Company’s Agave Nectar Global Market Report 2021 – COVID-19 Growth And Change

LONDON, GREATER LONDON , UK, September 1, 2021 / — An increasing awareness of fitness among people coupled with a surge in the number of health-conscious consumers is expected to drive the market for agave nectar during the forecast period. Consumers are moving towards maintaining good health through various diets like vegan diets, and fitness training including gyms. Agave nectar is a tasty natural sweetener that can be substituted for high-glycemic and refined sugars by dieters, diabetics, and health-conscious cooks in proportion. According to a new survey conducted in 2021 by biotechnology company Gelesis, 60% of Americans desire to feel healthier and 51% want to reduce weight by exercising and modifying their diets including attempting to eat more plant-based foods. Therefore, the increasing awareness of fitness among people and the growing number of health-conscious consumers propels the growth of the agave nectar market.

The global agave nectar market size is expected to grow from $178.87 million in 2020 to $194.55 million in 2021 at a compound annual growth rate (CAGR) of 8.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The agave market is expected to reach $296.44 million in 2025 at a CAGR of 11.1%.

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Major players in the agave nectar industry are Whole Earth Brands, Pura Foods Ltd., Malt Products Corporation, The Groovy Food Company, Sisana Sweetener, Domino Foods Inc, The IIDEA Company, Madhava Foods, The Agave Sweetener Company, Nekutli, The Tierra Group, and LOC Industries Inc.

Asia Pacific was the largest region in the agave nectar market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agave nectar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

TBRC’s global agave nectar market report is segmented by product into light agave nectar, dark agave nectar, by functional into emulsifier, sweetener, flavor enhancer, by distribution channel into supermarkets, online stores, retail stores, others, and by application into bakery, beverages, confectionery, others.

Agave Nectar Global Market Report 2021 – By Product (Light Agave Nectar, Dark Agave Nectar), By Functional (Emulsifier, Sweetener, Flavor Enhancer), By Distribution Channel (Supermarkets, Online Stores, Retail Stores), By Application (Bakery, Beverages, Confectionery), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides agave nectar market overview, forecast agave nectar market size and growth for the whole market, agave nectar market segments, and geographies, agave nectar market trends, agave nectar market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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