The global agar market is expected to increase significantly between 2023 and 2033. The global market is expected to exceed a valuation of US$ 292 million in 2023, according to a study analysis released by Future Market Insights. It is expected to be valued at US$478.4 million by 2033. From 2023 to 2033, the market is predicted to grow at a 5% CAGR.
Gelidium seaweed is primarily harvested along Spain’s northern coast, Portugal’s southern coast, and Morocco’s western coast. Some gracilaria species favour the warm waters off the beaches of Thailand and Indonesia, while others prefer the cold waters of the Chilean and Canadian shores. Halal and kosher foods are becoming increasingly popular. Agar is becoming more popular in the bread industry due to its improved temperature durability and outstanding effectiveness as a gelling agent in dairy products.
The Agar Market is expanding rapidly as a result of its numerous applications in the culinary and pharmaceutical industries. Agar, derived from seaweed, is used in a variety of applications as a natural gelling and stabilising ingredient. Rising demand for plant-based components, as well as increased application in microbiological research, are driving market growth.
Unlock Growth Potential in Your Industry – Get Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-330
Agar is available in powdered or stripped form. It’s becoming more popular as a thickening or stabiliser in icings, pie fillings, and meringues. Buns and cakes are typically pre-packaged in a range of modern wrapping materials, but they commonly end up clinging to them, especially during warm weather. In some settings, agar may aid in the creation of smoother, more stable, and non-stick icing. The “Gracilaria chilensis” agars are used to manufacture more sugary sweets, such as fruit candies. The good news is that agar has no flavour, thus it has no effect on how food tastes.
The most recent market report from Future Market Insights, “Agar Market,” contains these statistics and future projections. It has analysts and consultants who specialise in that area who can conduct primary, secondary, and tertiary research using a bottom-up approach.
With increasing end-consumer preference for natural ingredients across the food and beverage sector, the global agar market is anticipated to rise significantly in the next years, according to a Future Market Insights analyst.
Explore the Depth of Our Methodological Insights
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-330
Key Takeaways from Agar Market
- Europe, led by Western Europe, holds the largest market share and the scenario is expected to remain unchanged even in the forecast period.
- North America and the Asia-Pacific follow suit.
- LATAM is expected to generate maximum revenue as Chile is a source of gracilaria chilensis (a red seaweed seen in Chile’s southern coast).
Competitive Analysis
The key participants in agar market include Neogen-Food Safety, HISPANAGAR, AGARMEX, S.A., Industrias Roko S.A., PT. Agarindo Bogatama, and likewise. They are into organic as well as inorganic modes of expansion to stay afloat in the agar market.
What does the Report state?
- The research study is based on form (food & beverages (bakery, confectionery, dairy, canned meat/poultry products, beverages, sauces, creams & dressings, and likewise), bacteriological (culture media and microbiology), technical applications (cosmetology and medical applications), and likewise), and by form (powders and splits).
- With growing preference for agar as natural ingredient by the pharmaceuticals and food & beverages vertical, the global agar market is expected to witness an exponentiation in the near future.
By Application
By Form
- Food & Beverages
- Bakery
- Confectionery
- Dairy
- Canned meat/poultry products
- Beverages
- Sauces, creams & dressings
- Dietetic products
- Others
- Bacteriological
- Culture media
- Microbiology
- Technical Applications
- Cosmetology
- Medical applications
- Others
By Form
- Splits
- Powders
Key Regions/Countries Covered
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
