Global Agar Market Growth 2023-2029

Global Agar Market Growth 2023-2029

This report studies the Agar market. Agar or agar-agar is a jelly-like substance, obtained from algae. Agar is derived from the polysaccharide agarose, which forms the supporting structure in the cell walls of certain species of algae, and which is released on boiling. These algae are known as agarophytes and belong to the Rhodophyta (red algae) phylum. Agar is actually the resulting mixture of two components: the linear polysaccharide agarose and a heterogeneous mixture of smaller molecules called agaropectin.
LPI (LP Information)' newest research report, the “Agar Industry Forecast” looks at past sales and reviews total world Agar sales in 2022, providing a comprehensive analysis by region and market sector of projected Agar sales for 2023 through 2029. With Agar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agar industry.
This Insight Report provides a comprehensive analysis of the global Agar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Agar market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agar and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agar.
The global Agar market size is projected to grow from US$ 337.4 million in 2022 to US$ 547.4 million in 2029; it is expected to grow at a CAGR of 547.4 from 2023 to 2029.
Global agar key players include Green Fresh Group, ROKO, Hispanagar, etc. Global top 3 manufacturers hold a share about 50%. Asia-Pacific the largest market, with a share about 67%, followed by Europe, with a share about 23 percent. In terms of product, food grade is the largest segment, with a share about 92%. And in terms of application, the largest application is food industry, followed by pharmaceutic, cosmetics, daily chemical, and scientific research, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Agar market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Food Grade
Bacteriological Grade
Segmentation by application
Food Industry
Pharmaceutic
Cosmetics
Daily Chemical
Scientific Research
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ina Food
Agarindo Bogatama
Marine Hydrocolloids
ROKO
Agarmex
Hispanagar
Sobigel
B&V Agar
Iberagar
Zhenpai
Agar Brasileiro
Green Fresh Group
Fujian Global Ocean Biotechnology
Qingdao Gather Great Ocean
Fujian Kingyen
Fujian Wuyi Feiyan Agar
Guandong Hizense Seaweed
Fujian Yange
Xiamen Hkay
Putian Changde
Key Questions Addressed in this Report
What is the 10-year outlook for the global Agar market?
What factors are driving Agar market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Agar market opportunities vary by end market size?
How does Agar break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.