LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Agave Syrup Category - Procurement Market Intelligence Report.
A recent analysis of the market reveals that the consumers are shifting their preference towards agave syrup substitute owing to its low fructose content. In the US, the fructose content of the agave syrup has barred it from being classified as a GRAS product and has been declared unfit for consumption for fructose intolerant consumers. The combined effect of these factors is decelerating the spend growth momentum for the agave syrup market.
“Buyers should conduct sampling tests on inbound materials related to agave syrup as well as maintain a record of the same to monitor the consistency of the product quality delivered by the suppliers,” says SpendEdge procurement expert Angad Singh.
The agave syrup market is influenced by dynamic and multiple factors that are changing the course of its growth on a regular basis. As a result, to sustain themselves in such a market, both the buyers and the suppliers must be abreast of all the key factors that are impacting procurement. Request a FREE sample report to know more about these factors and other important scopes of this comprehensive report
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the agave syrup market.
- Consumers’ preference shift towards agave syrup substitute
- Extensive use of agave syrup in making baked confectionery products
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SpendEdge’s procurement market intelligence reports for the agro commodities and raw materials category offers key insights on sustainability and procurement best practices. The reports offer a clear overview of the supplier market ecosystem which aids the buyers in making critical procurement organization decision. Additionally, SpendEdge’s reports provide insights on supplier evaluation metrics and category pricing strategies.
Report scope snapshot: Agave syrup market
Category pricing insights
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
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Category management strategy
- Supplier and buyer KPIs
- Outsourcing category management activities
- Category management objectives
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Suppliers selection
- Supplier selection criteria
- Service level agreement
- Incumbent supplier evaluation metrics
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