Global Agar Market - Forecast(2024 - 2030)

Report Code: FBR 43234 Report Format: PDF + Excel

Global Agar Market Overview

The Agar Market size was estimated at $239 million in 2020 and is projected to grow at a CAGR of 4.8% during the forecast period 2021-2026. Agar, often known as agar-agar, is a jellylike substance made from algae. Agar is made from agarose, a polysaccharide that forms a supporting structure in the cell walls of some algae species and is liberated when they are cooked. These algae are also called as agarophytes as they belong to the Rhodophyta phylum. Agar is a relatively safe food that is widely used as a vegan alternative for gelatin in a variety of cuisines. The rising demand for agar in a variety of food applications such as a thickening agent in pastries, ice creams, and other desserts, as well as a clarifying ingredient in brewing and winemaking is driving the market. Besides, agar is also used in the canning of meat, fish, poultry, and emulsifier in dairy products. Moreover rising demand for Agar from the pharmaceutical and cosmetics industry, along with technological advancements and raising awareness about the benefits of agar is all set to provide growth opportunities for the agar industry during the forecast period 2021-2026.

Global Agar Market Report Coverage

The report: “Agar Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Agar Market.

By Product Type: Strips, Powder, Flakes and Others.
By Sales Channel: Retail Sale and E- Commerce.
By Application: Pharmaceutics, Cosmetics, Food and Beverages and others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), Asia-Pacific (China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others) and Rest of the World (Middle East and Africa)

Key Takeaways

  • Geographically, the Asia pacific region held 38% of the total agar market share in 2020 owing to the presence of large manufacturers in the region.
  • Rising demand of agar from pharmaceutical and Cosmetics industry is another major force driving the market during the forecast period 2021-2026.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Agar Market.

Agar Market - By Geography, 2020.

 

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Global Agar Market Segment Analysis- By Product Type

On the basis of Product Type, the market is divided into strips, powder, flakes and others. Powder agar segment accounted for the highest market share in 2020 as they are more stable and, easy to produce and pack the products as compared to other types. Furthermore, transparent color powders are widely used in a variety of scientific and industrial applications, such as plant tissue culture mediums and bacterial cultures thereby driving the market. However the strips segment accounted for the fastest market share in 2020 and it is expected to expand rapidly at a CAGR of 6.6% during the forecast period 2021-2026 owing to the increased demand from manufacturers who produce pure vegetarian, vegan, and kosher foods in large quantities prefer agar strips.

Global Agar Market Segment Analysis - By Application

Based on Application, the global Agar Market is segmented into Pharmaceutics, Cosmetics, Food and Beverages and others. In 2020, the Food and Beverages segment dominated the Agar Market. The Dominance is owing to the fact that the gum is utilized as a gelling agent in aerated confectionery goods like marshmallows and fruit confectionery thereby making it a good choice. Furthermore, the product's high heat resistance and stabilizing capabilities have boosted its demand in the pastry and baking industries for ice creams, pie fillings, meringues, and other sweets. Consumer awareness of baked goods' health benefits, such as lower fat content and easier digestion, is also predicted to drive the segment growth.

Cosmetics application segment accounted for the fastest growth in 2020 growing at a CAGR of 6.5% during the forecast period 2021-2026. The dominance is owing to increasing usage of agar in the skin care product as a the seaweed from which the agar is extracted is high in minerals like calcium, magnesium, iron, and copper and it softens and hydrates the skin, while thickening and binding other substances together.  

Global Agar Market Segment Analysis - By Geography

Based on geography, APAC dominated the Agar Market with a region share of 38% in 2020 followed by Europe and North America. The presence of large number of agar manufacturing companies that invest heavily on the research and increasing preference for vegan products are all predicted to drive the agar market in APAC. Europe region is predicted to see the demand maturing in Agar market owing the high demand from the confectionary companies.

Global Agar Market Drivers

Improved Extraction Technology

Agar is present in the cell walls of seaweeds acquired from low depths in water sources which is later processed to create the jelly-like. It was originally obtained by heating water and extraction, but as technology has grown, Agar is now commercially produced on a massive scale utilizing advanced machinery. Due to the  increase in investment in the R&D  and harvesting of agar by the manufacturing company there has been a significant advancement in technology and equipment used to extract the Agar, this eventually leads to improved quality of the end product thereby driving the market. Additionally increased awareness of healthy ingredients and food items, as well as an increase in regulatory permission for the use of agar as a food additive, are all expected to drive the market upward during the forecast period 2021-2026.

Global Agar Market Challenge

Restriction on Transportation and Mobility

Despite a number of factors, transportation and mobility restrictions have resulted in a lack of agar products for various industries, impacting the agar market's sales and earnings. The worldwide supply chain has been disrupted as a result of the export and import restrictions, posing a problem in obtaining seaweed from various nations, which leads to a lack of raw materials required for production. These factors are predicted to act as a major hindrance to the global agar market's growth during the forecast period 2020-2025.

Global Agar Market Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Agar Market. Key companies of this market are Meron Group, Myeong Shin Agar, Marine Science Co., Ltd, Agarmex, Orient Resources Company, B&V, Tic Gums, Titan Biotech Ltd, AgarGel, Central Drug House (P) Ltd., Agar Shallow, AsionsChem, Indoalgas, Able Sales Company and others.

Developments:

  • In May 2020, Hispanagar launches QSol, a highly soluble agar that enables low temperature dissolution.

Relevant reports

Agar Agar Gum Market - Forecast (2019 - 2024)

Report Code: CMR 50758

Thickener, Stabilizer & Gelling Agent Market - Forecast(2021 - 2026)

Report Code: FBR 0020

 For more Food and Beverage Market reports, please click here

1. Global Agar Market Overview
    1.1 Definitions and Scope
2. Global Agar Market Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends By Product Type
    2.3 Key trends By Sales Channel
    2.4 Key trends By Application
    2.5 Key trends By Geography
3. Global Agar Market Landscape
    3.1 Product Benchmarking- Key Companies
    3.2 Financial Analysis- Key Companies
    3.3 Market Value Split - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis–Average Pricing
4. Global Agar Market- Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Global Agar Market- Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Global Agar Market Forces
    6.1 Market Drivers
    6.2 Market Constraints and Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Global Agar Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Global Agar Market – By Product Type
    8.1 Strips
    8.2 Powder
    8.3 Flakes
    8.4 Others
9. Global Agar Market– By Sales Channel
    9.1 Retail Sale
        9.1.1 Grocery Stores
        9.1.2 Supermarket
        9.1.3 Hypermarket
        9.1.4 Others
    9.2 E-Commerce
10. Global Agar Market– By Application
    10.1 Pharmaceutics
    10.2 Cosmetics
    10.3 Food and Beverages
    10.4 Others
11. Global Agar Market- By Geography
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K
        11.2.2 Germany
        11.2.3 France
        11.2.4 Spain
        11.2.5 Italy
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 India
        11.3.2 China
        11.3.3 Japan
        11.3.4 Australia
        11.3.5 South Korea
        11.3.6 Rest of Asia pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Global Agar Market Entropy
13. Global Agar Market- Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Key companies
        13.1.2 Market Share by Region- Key companies
        13.1.3 Market Share at Global Level- Key companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Global Agar Market- Key Company List by Country Premium Premium
15. Global Agar Market Company Analysis (Company Revenue, Products, M&A, Developments)
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
 "*Financials for private companies would be provided on a best efforts basis”

LIST OF TABLES

1.Global Market Segmentation Market 2023-2030 ($M)
1.1 By Application Market 2023-2030 ($M) - Global Industry Research
1.1.1 Meat Products Market 2023-2030 ($M)
1.1.2 Bakery and Confectionaries Market 2023-2030 ($M)
1.1.3 Dairy products Market 2023-2030 ($M)
1.1.4 Sports and Health foods Market 2023-2030 ($M)
1.1.5 Beverage Market 2023-2030 ($M)
1.2 By Form Market 2023-2030 ($M) - Global Industry Research
1.2.1 Strips Market 2023-2030 ($M)
1.2.2 Powder Market 2023-2030 ($M)
1.3 By Function Market 2023-2030 ($M) - Global Industry Research
1.3.1 Coating Market 2023-2030 ($M)
1.3.2 Fat Replacers Market 2023-2030 ($M)
1.3.3 Stabilization Market 2023-2030 ($M)
1.3.4 Thickening Market 2023-2030 ($M)
1.4 By Source Market 2023-2030 ($M) - Global Industry Research
1.4.1 Microorganisms Market 2023-2030 ($M)
1.4.2 Plant Market 2023-2030 ($M)
1.4.3 Chemical Manufacturing and Processing Market 2023-2030 ($M)
1.4.4 Marine Market 2023-2030 ($M)
1.4.5 Asia-Pasific Market 2023-2030 ($M)
2.Global Market Segmentation Market 2023-2030 (Volume/Units)
2.1 By Application Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Meat Products Market 2023-2030 (Volume/Units)
2.1.2 Bakery and Confectionaries Market 2023-2030 (Volume/Units)
2.1.3 Dairy products Market 2023-2030 (Volume/Units)
2.1.4 Sports and Health foods Market 2023-2030 (Volume/Units)
2.1.5 Beverage Market 2023-2030 (Volume/Units)
2.2 By Form Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Strips Market 2023-2030 (Volume/Units)
2.2.2 Powder Market 2023-2030 (Volume/Units)
2.3 By Function Market 2023-2030 (Volume/Units) - Global Industry Research
2.3.1 Coating Market 2023-2030 (Volume/Units)
2.3.2 Fat Replacers Market 2023-2030 (Volume/Units)
2.3.3 Stabilization Market 2023-2030 (Volume/Units)
2.3.4 Thickening Market 2023-2030 (Volume/Units)
2.4 By Source Market 2023-2030 (Volume/Units) - Global Industry Research
2.4.1 Microorganisms Market 2023-2030 (Volume/Units)
2.4.2 Plant Market 2023-2030 (Volume/Units)
2.4.3 Chemical Manufacturing and Processing Market 2023-2030 (Volume/Units)
2.4.4 Marine Market 2023-2030 (Volume/Units)
2.4.5 Asia-Pasific Market 2023-2030 (Volume/Units)
3.North America Market Segmentation Market 2023-2030 ($M)
3.1 By Application Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Meat Products Market 2023-2030 ($M)
3.1.2 Bakery and Confectionaries Market 2023-2030 ($M)
3.1.3 Dairy products Market 2023-2030 ($M)
3.1.4 Sports and Health foods Market 2023-2030 ($M)
3.1.5 Beverage Market 2023-2030 ($M)
3.2 By Form Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Strips Market 2023-2030 ($M)
3.2.2 Powder Market 2023-2030 ($M)
3.3 By Function Market 2023-2030 ($M) - Regional Industry Research
3.3.1 Coating Market 2023-2030 ($M)
3.3.2 Fat Replacers Market 2023-2030 ($M)
3.3.3 Stabilization Market 2023-2030 ($M)
3.3.4 Thickening Market 2023-2030 ($M)
3.4 By Source Market 2023-2030 ($M) - Regional Industry Research
3.4.1 Microorganisms Market 2023-2030 ($M)
3.4.2 Plant Market 2023-2030 ($M)
3.4.3 Chemical Manufacturing and Processing Market 2023-2030 ($M)
3.4.4 Marine Market 2023-2030 ($M)
3.4.5 Asia-Pasific Market 2023-2030 ($M)
4.South America Market Segmentation Market 2023-2030 ($M)
4.1 By Application Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Meat Products Market 2023-2030 ($M)
4.1.2 Bakery and Confectionaries Market 2023-2030 ($M)
4.1.3 Dairy products Market 2023-2030 ($M)
4.1.4 Sports and Health foods Market 2023-2030 ($M)
4.1.5 Beverage Market 2023-2030 ($M)
4.2 By Form Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Strips Market 2023-2030 ($M)
4.2.2 Powder Market 2023-2030 ($M)
4.3 By Function Market 2023-2030 ($M) - Regional Industry Research
4.3.1 Coating Market 2023-2030 ($M)
4.3.2 Fat Replacers Market 2023-2030 ($M)
4.3.3 Stabilization Market 2023-2030 ($M)
4.3.4 Thickening Market 2023-2030 ($M)
4.4 By Source Market 2023-2030 ($M) - Regional Industry Research
4.4.1 Microorganisms Market 2023-2030 ($M)
4.4.2 Plant Market 2023-2030 ($M)
4.4.3 Chemical Manufacturing and Processing Market 2023-2030 ($M)
4.4.4 Marine Market 2023-2030 ($M)
4.4.5 Asia-Pasific Market 2023-2030 ($M)
5.Europe Market Segmentation Market 2023-2030 ($M)
5.1 By Application Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Meat Products Market 2023-2030 ($M)
5.1.2 Bakery and Confectionaries Market 2023-2030 ($M)
5.1.3 Dairy products Market 2023-2030 ($M)
5.1.4 Sports and Health foods Market 2023-2030 ($M)
5.1.5 Beverage Market 2023-2030 ($M)
5.2 By Form Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Strips Market 2023-2030 ($M)
5.2.2 Powder Market 2023-2030 ($M)
5.3 By Function Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Coating Market 2023-2030 ($M)
5.3.2 Fat Replacers Market 2023-2030 ($M)
5.3.3 Stabilization Market 2023-2030 ($M)
5.3.4 Thickening Market 2023-2030 ($M)
5.4 By Source Market 2023-2030 ($M) - Regional Industry Research
5.4.1 Microorganisms Market 2023-2030 ($M)
5.4.2 Plant Market 2023-2030 ($M)
5.4.3 Chemical Manufacturing and Processing Market 2023-2030 ($M)
5.4.4 Marine Market 2023-2030 ($M)
5.4.5 Asia-Pasific Market 2023-2030 ($M)
6.APAC Market Segmentation Market 2023-2030 ($M)
6.1 By Application Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Meat Products Market 2023-2030 ($M)
6.1.2 Bakery and Confectionaries Market 2023-2030 ($M)
6.1.3 Dairy products Market 2023-2030 ($M)
6.1.4 Sports and Health foods Market 2023-2030 ($M)
6.1.5 Beverage Market 2023-2030 ($M)
6.2 By Form Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Strips Market 2023-2030 ($M)
6.2.2 Powder Market 2023-2030 ($M)
6.3 By Function Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Coating Market 2023-2030 ($M)
6.3.2 Fat Replacers Market 2023-2030 ($M)
6.3.3 Stabilization Market 2023-2030 ($M)
6.3.4 Thickening Market 2023-2030 ($M)
6.4 By Source Market 2023-2030 ($M) - Regional Industry Research
6.4.1 Microorganisms Market 2023-2030 ($M)
6.4.2 Plant Market 2023-2030 ($M)
6.4.3 Chemical Manufacturing and Processing Market 2023-2030 ($M)
6.4.4 Marine Market 2023-2030 ($M)
6.4.5 Asia-Pasific Market 2023-2030 ($M)
7.MENA Market Segmentation Market 2023-2030 ($M)
7.1 By Application Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Meat Products Market 2023-2030 ($M)
7.1.2 Bakery and Confectionaries Market 2023-2030 ($M)
7.1.3 Dairy products Market 2023-2030 ($M)
7.1.4 Sports and Health foods Market 2023-2030 ($M)
7.1.5 Beverage Market 2023-2030 ($M)
7.2 By Form Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Strips Market 2023-2030 ($M)
7.2.2 Powder Market 2023-2030 ($M)
7.3 By Function Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Coating Market 2023-2030 ($M)
7.3.2 Fat Replacers Market 2023-2030 ($M)
7.3.3 Stabilization Market 2023-2030 ($M)
7.3.4 Thickening Market 2023-2030 ($M)
7.4 By Source Market 2023-2030 ($M) - Regional Industry Research
7.4.1 Microorganisms Market 2023-2030 ($M)
7.4.2 Plant Market 2023-2030 ($M)
7.4.3 Chemical Manufacturing and Processing Market 2023-2030 ($M)
7.4.4 Marine Market 2023-2030 ($M)
7.4.5 Asia-Pasific Market 2023-2030 ($M)

LIST OF FIGURES

1.US Global Agar Market Revenue, 2023-2030 ($M)
2.Canada Global Agar Market Revenue, 2023-2030 ($M)
3.Mexico Global Agar Market Revenue, 2023-2030 ($M)
4.Brazil Global Agar Market Revenue, 2023-2030 ($M)
5.Argentina Global Agar Market Revenue, 2023-2030 ($M)
6.Peru Global Agar Market Revenue, 2023-2030 ($M)
7.Colombia Global Agar Market Revenue, 2023-2030 ($M)
8.Chile Global Agar Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Agar Market Revenue, 2023-2030 ($M)
10.UK Global Agar Market Revenue, 2023-2030 ($M)
11.Germany Global Agar Market Revenue, 2023-2030 ($M)
12.France Global Agar Market Revenue, 2023-2030 ($M)
13.Italy Global Agar Market Revenue, 2023-2030 ($M)
14.Spain Global Agar Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Agar Market Revenue, 2023-2030 ($M)
16.China Global Agar Market Revenue, 2023-2030 ($M)
17.India Global Agar Market Revenue, 2023-2030 ($M)
18.Japan Global Agar Market Revenue, 2023-2030 ($M)
19.South Korea Global Agar Market Revenue, 2023-2030 ($M)
20.South Africa Global Agar Market Revenue, 2023-2030 ($M)
21.North America Global Agar By Application
22.South America Global Agar By Application
23.Europe Global Agar By Application
24.APAC Global Agar By Application
25.MENA Global Agar By Application
26.Polygal AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Hispanagar, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nexira, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Industrias Roko, S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Neogen, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Merck Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Agarindo Bogatama, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Setexam, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Norevo GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Myeong Shin Agar, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Marine Science Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Agarmex, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Ashland Specialty Ingredients, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Tanisco A/C, Sales /Revenue, 2015-2018 ($Mn/$Bn)