Global Agar Agar Gum Market, By Product (Powder, Square, Strips), Application (Food & Beverage, Pharmaceutical, Microbiological), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Agar agar gum market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 325.29 million and grow at a CAGR of 5.10% in the above-mentioned forecast period. Growing demand for the product in various dairy products such as milk, cheese, yogurts, creams, custard, curd, spreads, mousses, puddings, infant-formula, confectioneries, beverages, and smoothies acts as an essential factor driving the agar agar gum market.
Agar-agar is a type of vegetarian gelatin substitute which is produced from seaweed. It is a jelly-like substance which is present in the cell walls of rhodophyceae class of red algae and is also considered as a source of iron, calcium, and fiber. Agar is basically mixture of two components which includes the linear polysaccharide agarose, and a heterogeneous mixture of smaller molecules called agaropectin
Rising demand for dairy products across the globe owing to changing food habits is a vital factor escalating the market growth, also growing demand for confectionery products in developing economies such as India and China, increasing gelling and thickening properties of agar agar gum, rising continuous change in the lifestyle of the people in some parts of the world and increased compatibility of agar agar gum in sugary environment, in order to provide stable structure to concentrated sugary system are the major factors among others driving the agar agar gum market briskly. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the agar agar gum market in the forecast period of 2021- 2028.
However, rising health concerns due to these sugary products is the major factor among others acting as a restraint, and will further challenge the agar agar gum market in the forecast period.
Agar agar gum market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agar agar gum market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Agar agar gum market is segmented on the basis of product and application. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of product, agar agar gum market is segmented into powder, square and strips.
- The agar agar gum market is also segmented on the basis of application into food & beverage, pharmaceutical and microbiological. Food and beverage has been further segmented into bakery & confectioneries, gums, dairy products, meat & fish and others. Others have been further sub segmented into jam, jellies, water gel desserts, wine among others.
Agar Agar Gum Market Country Level Analysis
Agar agar gum market is analysed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in agar agar gum market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the agar agar gum market due to growing confectionery sector owing to increasing disposable income, increased demand from consumers & food processors, increasing demand for dairy products in the region due to changing food habits and rising demand for the dairy products in this region. North America and Asia-Pacific are the expected regions in terms of growth in agar agar gum market due to increasing demand for agar agar gum in dairy products such as yogurt, ice cream, chocolate milk, custards among others in this region.
The country section of the agar agar gum market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Agar Agar Gum Market Share Analysis
Agar agar gum market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agar agar gum market.
The major players covered in the agar agar gum market report are Able Sales Company, Inc, AGARMEX, S.A. DE C.V, Meron Group, Myeong Shin Agar-Agar Co., Ltd, Marine Hydrocolloids, Sugantha Agar, GREEN DUST BIO PROCESS ENGINEER, Eklavya Biotech Private Limited, Tripathi Products Private Limited, The Bharat Instruments & Chemicals., Marine Science Co., Ltd, Orient Resources Company, Black & Veatch Holding Company., TIC Gums, Inc., Titan Biotech., Agargel, Central Drug House, Agar Corporation, PT SURYA INDOALGAS, Able Sales Company, Inc., other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.