Global Agar-Agar Market 2022-2028
Agar-agar, known as just agar in culinary circles, is a vegetarian gelatin substitute produced from a variety of seaweed vegetation. It is sold in flake, powder, bar, and strand form, and can be used in recipes as a stabilizing and thickening agent. According to market research study published by Gen Consulting Company, the market size of the global agar-agar sector is expected to rise by USD 84 million with a CAGR of 4.2% by the end of 2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global agar-agar market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the agar-agar industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the form, application, and region. The global market for agar-agar can be segmented by form: flakes, powder, others. According to the research, the powder segment had the largest share in the global agar-agar market. Agar-agar market is further segmented by application: food and beverages, pharmaceuticals and nutraceuticals, others. In 2021, the food and beverages segment made up the largest share of revenue generated by the agar-agar market. Based on region, the agar-agar market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).
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