Agar Market – Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Agar Market – Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Agar are natural product extracted from algae of Gracilaria and Powderidium. It is available in different forms such as granules, strips, and powder. Agar find its applications in food & beverages, bacteriological, technical including cosmetology and medical applications. In food & beverage applications it is used for bakery, confectionery, dairy, dietic products, poultry products, sauces, creams & dressing, and others.
Market Dynamics
Based on application, food & beverages application accounted for the largest market share in terms of revenue and contributed for 84.0% in 2021. The segment growth is majorly driven by the rising demand for food along with increasing application of agar in food products. Whereas, technical applications segment is projected to record fastest growth in terms of revenue over the forecast period (2019 to 2027).
On the basis of region, Europe accounted for the largest revenue share in 2021 and contributed for the revenue share of 42.0% in 2021, followed by Asia Pacific and North America. Furthermore, Asia Pacific is anticipated to record fastest growth during 2019 to 2027, attributing to rising application of agar in pharmaceutical, confectionery, dairy, and dentistry industry along with growth of these industries in the region.
Key features of the study:
This report provides in-depth analysis of Agar and provides market size (US$ Million and Kilo Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global Agar market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Hispanagar, Merck Group, New Zealand Manuka Group, Acroyali Holdings Qingdao Co., Ltd., Neogen, Industrias Roko, S.A., Setexam, Agarindo Bogatama, and Norevo GmbH
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
The global Agar market report caters to various stakeholders in this industry including investors, suppliers, Agar manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Agar market
Detailed Segmentation:
Global Agar Market, By Form:
Strips
Powder
Global Agar Market, By Application:
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Global Agar Market, By Geography:
North America
U.S.
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Latin America
Mexico
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Brazil
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Argentina
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Rest of Latin America
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Europe
EU 5
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Benelux
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Nordic
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Russia
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Ukraine
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Poland
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Rest of Europe
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Asia Pacific
China
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
India
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Japan
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
ASEAN
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
OCEANIA
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Rest of Asia Pacific
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Middle East & Africa
Turkey
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
GCC
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
South Africa
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Rest of Middle East & Africa
By Form
Strips
Powder
By Application
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others
Bacteriological
Culture Media
Microbiology
Technical Applications
Cosmetology
Medical Application
Others
Company Profiles
New Zealand Manuka Group*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Hispanagar
Acroyali Holdings Qingdao Co., Ltd.
Industrias Roko, S.A.
Neogen
Merck Group
Agarindo Bogatama
Setexam
Norevo GmbH
“*” marked represents similar segmentation in other categories in the respective section.