Agave Nectar Market: Introduction
A
recent study published by Transparency Market Research on the agave nectar market includes global industry analysis and
opportunity assessment for 2020-2030. Revenue
generated from the global agave nectar market has been estimated to be valued
at ~US$ 156 Mn in 2020, which is
projected to rise at a CAGR of ~5.7%,
to reach US$ 272
Mn by 2030.
Low-glycemic Index in Agave Nectar – Less Likely to
Cause Chronic Heart Disease and Diabetes
Increasing
health problems are linked to poor dietary choices. Rising health problems
among children and adults have made consumers to pay more attention toward food
products/issues such as sugar and calories. Owing to the change in consumer
preference seeking healthier and natural products, the demand for products such
as organic or natural, and clean label is increasing at a higher pace in the
global market which in turn the demand for agave nectar are increasing across
the globe.
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Rising
Demand for Sugar Substitute to Boost Growth Prospects
The
demand for sugar substitutes is rising at an impressive pace. Agave is an organic
sweetener, which is being used for more than 14 years as a sugar substitute. A
100 g of agave can produce 20 times more sweetness when compared to sugar and
honey. Agave nectar consists of two sources of vitamins, such as vitamin C and
vitamin B, which lack in sugar. This is an important factor propelling the
market demand for agave nectar.
Due
to sweetening and flavoring properties of agave nectar, it is being widely used
in the production of tequila. Thus, an increase in the consumption of tequila
will eventually aid the expansion for the market for agave nectar. For
instance, in 2016,
the consumption of tequila in the U.S. was 9.1 Mn nine-liter cases. 62.4% of the
whole population in the U.S. has started to use agave nectar as a substitute
for sugar and honey, as it has low calorie.
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Increasing Demand for Low-calorie Products will
Bolster Sales Prospects
Globally,
there is a rising demand for low-calorie products, which directly impact the
well-being of consumers. They are aware of the health benefits gained by
consuming low-calorie products. Sugar has always been a high-calorie sweetener
that people consume on a daily basis. In order to replace it, low-calorie
sweeteners were produced which created a potential market for agave nectar. In
the year 2015,
the U.S. Health Commission predicted a growth of 3.3% in the usage
of alternative low-calorie sweeteners, and the market reached around US$ 1.4 Bn in 2017.
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