Global Agar-agar Market Growth 2023-2029

Global Agar-agar Market Growth 2023-2029

Agar-agar is a unique natural hydrocolloid obtained from the red seaweeds of Gelidium and Gracilaria. These gels are considered more compact and resistant as compared to other gelatin or carrageenan gels. The product’s gel strength is also considerably higher as compared to gelatin. The product also eliminates the need for the addition of any foreign substance such as acids, sugar, proteins and cations for optimizing food texture or flavor.

LPI (LP Information)' newest research report, the “Agar-agar Industry Forecast” looks at past sales and reviews total world Agar-agar sales in 2022, providing a comprehensive analysis by region and market sector of projected Agar-agar sales for 2023 through 2029. With Agar-agar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agar-agar industry.

This Insight Report provides a comprehensive analysis of the global Agar-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-agar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Agar-agar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agar-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-agar.

The global Agar-agar market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Europe emerged as the dominant regional market owing to high demand from consumers & food processors alike. Companies are actively attempting to invest in the European market by participating in food ingredient shows to introduce greater product variety and lower cost alternatives to gelatin and conventional products.

This report presents a comprehensive overview, market shares, and growth opportunities of Agar-agar market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Powder
Strip
Square

Segmentation by application
Confectioneries
Bakery & Pastry
Meat
Other Applications

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.
Meron Group
Myeong Shin Agar
Marine Science,
Agarmex
Orient Resources Company
B&V
Tic Gums
Titan Biotech
AgarGel
Central Drug House (P)
Agar Shallow
Agar Corporation,
AsionsChem
Indoalgas
Able Sales Company

Key Questions Addressed in this Report

What is the 10-year outlook for the global Agar-agar market?

What factors are driving Agar-agar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Agar-agar market opportunities vary by end market size?

How does Agar-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.