26-Mar-2021 | Market Research Store

Findings from Market Research Store report “Agar Market – By Form (Powder, Strip, and Others), By Type (Wild Harvest Gracilaria Agar, Wild Harvest Gelidium Agar, Aquafarm Gracilaria Agar, Aquafarm Gelidium Agar, and Others), By Application (Pharmaceuticals, Food and Beverage (Beverage, Meat Products, Dairy, Bakery, Snacks/Instant Noodles, Confectionary, and Others), and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global demand for the Agar market in 2019 was approximately USD 310 Million. The market is anticipated to grow at a CAGR of 5% and is anticipated to reach around USD 450 Million by 2026.

Agar has virtually no nutritional value aside from fiber, while gelatin is a significant source of collagen. It's a gelling agent which is extracted from red algae, and the gelatin is made from collagen derived from animal hides and bone marrow. It is high in calcium, folate, iron, manganese, and fiber. Agar is a weight-loss aid since it has no sugar or carbohydrates. Agar-agar has a moderate calorie count and is low in saturated fat and cholesterol. It is poisonous to mammals, and some people are allergic to it. It is POSSIBLY SAFE for most people when taken with at least one 8-ounce glass of water. If not taken with enough water, agar will swell and obstruct the esophagus or bowel. The AAFCO classifies it as "Agar-agar" under Subpart H "Stabilizers" in PART 582 "Substances Generally Recognized as Safe in Animal Feeds." In the European Union, it is designated as “E406.” Foods, baked goods, confectioneries, dairy products, dressings, vegetables, and sauces benefit from its gelling, preservation, texturization, and thickening properties. It's a flavorless vegan gelatin replacement that's widely used in Asian cuisines. Agar-agar softens the skin when used externally as a face pack. Although some alternative medicine practitioners advocate using seaweed-based agar-agar as a replacement for animal-based gelatin, there is no evidence that it is any better at relieving joint pain than gelatin.

At a concentration of 0.04 percent, agar can jellify, stable, and thicken food products without any technological assistance. The ingredient is used in dairy products that need a gel structure to preserve their shape and stability and, as a result, their freshness over time. It also benefits food producers because the gels are not fussy during the manufacturing process and have excellent thermal stability. Buns and cakes are often wrapped in a variety of modern wrap resources and stick to them on a daily basis, particularly in hot weather. A stable, non-stick, and cleaner icing can be obtained by reducing the volume of water and adding it. Because of its ability to resist high temperatures, agar is becoming more common as a stabilizer and thickener in meringues, icings, and pie fillings in the baked goods industry.

Based on the form kind, the market is categorized into powder, strip, and other. The form style is chosen because it can be easily applied to any ingredient and mixes well. The market is further divided by type segment into wild harvest gracilaria agar, wild harvest gelidium agar, aquafarm gracilaria agar, aquafarm gelidium agar, and others, with wild harvest gelidium agar accounting for the largest share due to its finest shape, fast availability, and quick processing. The agar market is categorized into three divisions based on application: food & beverages, pharmaceuticals, and others. Beverage, meat products, cheese, bakery, snacks/instant noodles, confectionery, and others make up the food and beverage section. Because of its ability to tolerate high temperatures, agar is commonly used as a stabilizer and thickener in pie fillings, meringues, and icings in the baking industry. Cakes, buns, and other baked goods are often pre-wrapped in various forms of modern wrapping materials and stick to them, especially in hot weather. A more durable, smoother, and non-stick coating can be obtained by reducing the volume of water and adding some agar.

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the regions in which the global Agar market is divided. In the coming years, the Asia Pacific market is expected to see a significant increase in demand. Agar is thought to have a large demand due to its cultural, traditional, and religious importance. Furthermore, medical tourism has resulted in a steady demand for aromatherapy in the area. Aromatherapy is one of the most popular uses for Agar, which is expected to drive up demand.

Some of the key players in the Agar market are Neogen Food Safety, AgarGel, HISPANAGAR, Sobigel, AGARMEX, S.A., Meron, INDUSTRIAS ROKO S.A., Hispanagar, PT. Agarindo Bogatama, Merck KGaA, SETEXAM, MARINE SCIENCE CO., LTD., MSC Co.,Ltd., Green Fresh Group, Fujian Wuyi Feiyan Agar, Kingyen, Agar Brasileiro, Shantou Chenghai District Agar Glue Factory, Taike Biotechnology Huey shyang, Fuli Agar Factory, Global BioIngredients, Mingfu Fujian Agar Co., Iberagar, Marine Hydrocolloids, B&V Agar, and ROKO, among others. For instance, Puritan Medical Products, the largest maker of swabs and specimen storage instruments in North America, introduced Opti-TranzTM and Opti-TranzTM Plus, a brand new range of generic liquid and agar gel collection and management systems for bacteriological purposes, in February 2016.

Browse the full “Agar Market - “By Form (Powder, Strip, and Others), By Type (Wild Harvest Gracilaria Agar, Wild Harvest Gelidium Agar, Aquafarm Gracilaria Agar, Aquafarm Gelidium Agar, and Others), By Application (Pharmaceuticals, Food and Beverage (Beverage, Meat Products, Dairy, Bakery, Snacks/Instant Noodles, Confectionary, and Others), and Others)Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/agar-market-828558

This report segments the Agar market as follows:

Global Agar Market: By Form Segmentation Analysis:

  • Powder
  • Strip
  • Others

Global Agar Market: By Type Segmentation Analysis

  • Wild Harvest Gracilaria Agar
  • Wild Harvest Gelidium Agar
  • Aquafarm Gracilaria Agar
  • Aquafarm Gelidium Agar
  • Others

Global Agar Market: By Application Segmentation Analysis

  • Pharmaceuticals
  • Food and Beverage
    • Beverage
    • Meat Products
    • Dairy     
    • Bakery
    • Snacks/Instant Noodles               
    • Confectionary
  • Others

Global Agar Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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