About Agar Powder-
Agar is typically a strong gelling polysaccharide derived from red seaweeds and is characterised by its chemical repeat units of 3-6, anhydro L-Galactose. Agar also contain sulphate esters in low levels and some methoxy groups. Agar is eaten extensively in Asia has a flavoured jelly where the brittle texture is appreciated. Agar is 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 stabiliser. Another key property of agar is the larger hysteresis between the melting and setting temperatures which is unusual for a polysaccharide. One of the single biggest users of agar in the west is in the baking industry where the very high melting points of the agar gels make them particularly suitable to the baking process. Agar has good compatibility with sugar and can be used in very high sugar environments that would precipitate most other gums.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.3% |
Agar powder is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs and preference of consumers. Thus, constantly introducing new innovation in processing to meet the changing needs and preference of consumers. The companies are also planning strategies activities like partnerships, merger, and acquisition which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Agar Powder- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Neogen Food Safety (United States), HISPANAGAR (United States), Marine Science Co. (United States), Agarindo Bogatama (Indonesia), Industries Roko S.A (United States), SETEXAM (Morocco), Marine Chemicals (India), AGARMEX (Spain), Merck KGaA (Germany) and Meron Group (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Myeong Shin Agar (Korea), Titan Biotech Ltd. (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Agar Powder- market by Type (Gelidium Agar, Gracilaria Agar and Pterocladia Agar), Application (Bakery, Confectionery, Dairy, Canned Meat/ Poultry Products, Beverages, Sauces, Cream & Dressings and Others) and Region.
On the basis of geography, the market of Agar Powder- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Food & Beverage Industry will boost the Agar Powder- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Bacteriological, the sub-segment i.e. Culture Media will boost the Agar Powder- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Acquisitive Demand of Agar in Bakery and Confectionery Industry. and Sustainable sourcing and production of eco-friendly in agar.
Market Growth Drivers:
Wide range of application in Food & Beverage industry. and The growing use of agar in foods and drinks as healthier alternatives.
Challenges:
Stringent regulation on application of agar. and Prices rise as a result of limited supplies of red algae and low yields from raw materials like seaweed, as well as high price fluctuations.
Restraints:
Fluctuating seaweeds supply in agar production and Availability of substitute
Opportunities:
Growing application in pharmaceuticals., Expansion in targeting emerging markets. and Expansion of the food industry and changing consumer preference
Market Leaders and their expansionary development strategies
In September 2022, Neogen Corporation announced merger with 3M’s food safety business to create an innovative leader in the food safety sector with a comprehensive product range and a strategic focus on the category’s long term opportunities.
In October 2023, LIVING JIN, announced the launch of its latest product, Agar Agar powder, a revolutionary plant based gelling, thickening, stabilizing and emsulfying agent derived from 100% natural red seaweed. This versatile product is set to redefine culinary experience and elevate lifestyle choices with a multitude of uses and numerous health benefits.
Key Target Audience
Agar Powder Manufacturer, Agar Powder Supplier, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.