About Blue Agave
Blue Agave is also called as ‘Weber Azul’ which a part of Agave tequilana species. Blue Agave market is expected to mark significant growth over forecasted period owing to increasing economic importance that used for production of natural sweetener ingredients and nectar, and substantial growth. There has been significant rise in number of supplies to registered countries with figure stood up to 42 million in United States alone in 2018, the future for Blue Agave looks promising. This result in rising popularity of natural sweeteners, increasing demand of organic products and growing investment by various government may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Blue Agave market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Colibree Company (United States), Global Goods (Brazil), San Marcos Growers (United States), Madhava Natural Sweeteners (United States), The Groovyfood (United Kingdom), Dipasa USA (United States) and Wholesome (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Blue Agave market by Type (Organic Blue Agave and Conventional Blue Agave), Application (Food and Beverage {Confectionary, Dressings, Bakery, Dairy, Beverage}, Pharmaceutical, Nutraceutical and Others) and Region.
On the basis of geography, the market of Blue Agave has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End-Product, the sub-segment i.e. Tequila will boost the Blue Agave market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Value Oriented Consumers and Substitutes Available For Blu Agave.
Market Growth Drivers:
Rise in Blue Agave Extraction for Production of Tequila Drink and Other Distilled Beverages. and Rapid Demand of Alternative Sweetener and Alcoholic Beverages fuelled up the Blue Agave Market.
Challenges:
Limitation due to Government Regulation are Anticipated to Challenge the Market.
Restraints:
Side Effect Associated with Blue Agave such as Liver Problem which Hamper the Market. and Lack of Awareness among the Customer.
Opportunities:
Adoption of Organic Food in Developed Countries. and Upsurge Demand of Natural Ingredients in Several End User Industries.
Market Leaders and their expansionary development strategies
In November 2022, EARI Beverage Group, a diversified beverage and media group, acquired of Madre Agave Inc, a Florida registered corporation that owns Madre Agave, the world's first ultra-premium agave wine made from 100% Weber Blue Agave, crafted by women in the heart of Mexico.
In October 2023, seven-time Formula One champion and entrepreneur Lewis Hamilton, alongside agave expert and Casa Lumbre Co-Founder & Master Distiller Iván Saldaña, unveiled Almave—the world's inaugural distilled non-alcoholic blue agave spirit. Set to officially launch on October 26, 2023, the team announced two expressions: Almave Ámbar Distilled Non-Alcoholic Blue Agave Spirit, created for sipping, and Almave Blanco Distilled Non-Alcoholic Blue Agave Spirit, created for mixing. Rooted in innovation and unwavering commitment to authenticity and quality, Almave represents a shared vision and an unparalleled commitment to crafting a truly unique and exceptional product.
“According to Mexican government, its stipulate that all tequilas have to age for at least 14-21 days. Vintage tequila such as “Añejo” (aged) and “extra Añejo” (extra aged) are aged a minimum of one year and three years respectively and the spirit must be made from 100 percent natural ingredients and contain at least 38% alcohol to be called “tequila.”
Key Target Audience
Blue Agave Manufacturers, Blue Agave Traders, End-Use Market Participants of Different Segments of Blue Agave, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.