Market Overview:
The global agar gum market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for agar gum from the food and beverage industry. Agar gum is used as a thickening agent, gelling agent, and stabilizer in various food applications such as confectioneries, bakery & pastry, retail, meat, microbiological media etc. It helps in improving the texture and flavor of food products while retaining their nutritional value. In addition, rising awareness about the benefits of agar gum is also propelling its demand across different regions. Some of the key players operating in this market are CP Kelco (U.S.), Kerry Group plc (Ireland), Ashland Inc.(U.S.), Jel Sert Company (U .S.
Product Definition:
Agar gum is a natural, high-molecular weight polymer extracted from the cell walls of red algae. It is used as a thickening and stabilizing agent in food, pharmaceuticals, and other industries.
Powder:
Powder is a dry, granular form of any substance made by sifting or grinding the solid material and removing the larger particles. It can be used as an alternative to liquid reagents for various chemical reactions. Powder agar is produced from certain types of seaweeds that are rich in alginates and have high viscosity making them suitable for use in agar gum production process.
Strips:
Strips are used in the agar gum industry as a molding aid. It is also known as edible plastic and is produced from various sources including natural, synthetic, and bio-based materials. The product helps to provide desired shape and size to the final product without any wastage during cooking or cooling processes.
Application Insights:
The retail segment accounted for the largest revenue share of over 30% in 2017. The product is widely used in confectionery and bakery & pastry products to improve texture, enhance stability, and provide moisture retention capacity. Various types of confectioneries such as chocolates, caramels, fudge, toffee have a significant demand across the globe owing to their high consumption as sweeteners and additives. Rising consumer preference for customized food products with enhanced taste has led to an increase in the application of agar gum within these foods.
Agar gum is also used within meat products such as bacon strips or chunks; fish fillets; meringues; marshmallows; gelled desserts including gelatinous fruit puddings or ice creams that require firmness when set but still remain flexible enough not break down during cooking process.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand in confectioneries and bakery applications. The region has been witnessing strong growth in its food processing industry, which will propel agar gum demand further. For instance, China’s processed foods sales have grown by 9% from 2014 to 2017 and are estimated to reach USD X billion by 2020.
The Middle East & Africa was the second largest market accounting for 22% of global revenue share in 2017 on account of high product demand from retail applications mainly supermarkets.
Growth Factors:
- Increasing demand for functional foods and beverages
- Rising awareness about the health benefits of agar gum
- Growing popularity of plant-based diets
- Proliferation of veganism and vegetarianism
- Increasing use of agar gum in pharmaceuticals
Scope Of The Report
Report Attributes
Report Details
Report Title
Agar Gum Market Research Report
By Type
Powder, Strips, Square
By Application
Confectioneries, Bakery & Pastry, Retail, Meat, Microbiological, Others
By Companies
Meron Group, Myeong Shin Agar, Marine Science Co., Ltd., Agarmex, Orient Resources Company, B&V, TIC Gums, Titan Biotech Ltd, Central Drug House(P) Ltd., Agar Shallow, Meron Group, AsionsvChem, Indoalgas, Able Sales Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Agar Gum Market Report Segments:
The global Agar Gum market is segmented on the basis of:
Types
Powder, Strips, Square
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Confectioneries, Bakery & Pastry, Retail, Meat, Microbiological, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Meron Group
- Myeong Shin Agar
- Marine Science Co., Ltd.
- Agarmex
- Orient Resources Company
- B&V
- TIC Gums
- Titan Biotech Ltd
- Central Drug House(P) Ltd.
- Agar Shallow
- Meron Group
- AsionsvChem
- Indoalgas
- Able Sales Company
Highlights of The Agar Gum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Strips
- Square
- By Application:
- Confectioneries
- Bakery & Pastry
- Retail
- Meat
- Microbiological
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agar Gum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agar gum is a natural, white, granular substance derived from the seaweed species Agaricus bisporus. It is used as a thickening agent and emulsifier in food products.
Some of the major companies in the agar gum market are Meron Group, Myeong Shin Agar, Marine Science Co., Ltd., Agarmex, Orient Resources Company, B&V, TIC Gums, Titan Biotech Ltd, Central Drug House(P) Ltd., Agar Shallow, Meron Group, AsionsvChem, Indoalgas, Able Sales Company.
The agar gum market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agar Gum Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agar Gum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agar Gum Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agar Gum Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agar Gum Market Size & Forecast, 2020-2028
4.5.1 Agar Gum Market Size and Y-o-Y Growth
4.5.2 Agar Gum Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Powder
5.2.2 Strips
5.2.3 Square
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Confectioneries
6.2.2 Bakery & Pastry
6.2.3 Retail
6.2.4 Meat
6.2.5 Microbiological
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agar Gum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agar Gum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Powder
9.6.2 Strips
9.6.3 Square
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Confectioneries
9.10.2 Bakery & Pastry
9.10.3 Retail
9.10.4 Meat
9.10.5 Microbiological
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Powder
10.6.2 Strips
10.6.3 Square
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Confectioneries
10.10.2 Bakery & Pastry
10.10.3 Retail
10.10.4 Meat
10.10.5 Microbiological
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Powder
11.6.2 Strips
11.6.3 Square
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Confectioneries
11.10.2 Bakery & Pastry
11.10.3 Retail
11.10.4 Meat
11.10.5 Microbiological
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Powder
12.6.2 Strips
12.6.3 Square
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Confectioneries
12.10.2 Bakery & Pastry
12.10.3 Retail
12.10.4 Meat
12.10.5 Microbiological
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Powder
13.6.2 Strips
13.6.3 Square
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Confectioneries
13.10.2 Bakery & Pastry
13.10.3 Retail
13.10.4 Meat
13.10.5 Microbiological
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agar Gum Market: Competitive Dashboard
14.2 Global Agar Gum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Meron Group
14.3.2 Myeong Shin Agar
14.3.3 Marine Science Co., Ltd.
14.3.4 Agarmex
14.3.5 Orient Resources Company
14.3.6 B&V
14.3.7 TIC Gums
14.3.8 Titan Biotech Ltd
14.3.9 Central Drug House(P) Ltd.
14.3.10 Agar Shallow
14.3.11 Meron Group
14.3.12 AsionsvChem
14.3.13 Indoalgas
14.3.14 Able Sales Company
