Agar or Agar-Agar is typically a strong gelling polysaccharide derived from red seaweeds and characterized by its chemical units of 3-6, anhydro L-Galactose. It also contains sulfate esters in low levels and some methoxy groups. Agar is widely consumed in the Asia Pacific as a flavored jelly where the brittle texture is appreciated. Agar is extensively useful in the food industry as a gelling and thickening agent with particularly good properties in acidic dairy products where it is used as a stabilizer. An additional key property of agar is the large hysteresis between the melting and setting temperatures which are unusual for a polysaccharide. Owing to the hysteresis level of agar gels, it is also used extensively in the baking industry.
According to AMA, the market for Agar is expected to register a CAGR of 5.2% during the forecast period to 2026. This growth is primarily driven by Growing Veganism Trend and Growing Demand for Healthier Substitutes.
The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Polygal AG (Switzerland), Hispanagar (Spain), Nexira (France), Industrias Roko, S.A. (Spain), Neogen (United States), Merck Group (Germany), Agarindo Bogatama (Indonesia), Setexam (Morocco), Norevo GmbH (Germany) and Myeong Shin Agar (Korea) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growing Veganism Trend
- Growing Demand for Healthier Substitutes
- Limited Resources
- Easy Availability of Substitutes
OpportunitiesHigh Demand in Developing Markets
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Agar Study Sheds Light on The Agar Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Agar industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Agar industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.