Market Overview:
The global agar market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the agar market can be attributed to the increasing demand for agar from the food industry, pharmaceutic, cosmetics, daily chemical and scientific research applications. North America is expected to dominate the global agar market during the forecast period followed by Europe and Asia Pacific. The growth in these regions can be attributed to the increasing demand for processed food products and rising awareness about health benefits of consuming functional foods.
Product Definition:
Agar is a gelatinous substance derived from red seaweed. It is often used in microbiology to create a gel-like growth medium for bacteria and other microorganisms. Agar is also used as an ingredient in some foods, such as jellied desserts.
Wild Harvest Gelidium Agar:
Gelidium is a single-celled alga that lives in the ocean and has an extremely thin cell wall. It can live for up to 500 years, and its ability to withstand high temperatures makes it useful in cooking. Gelidium is used as a flavor enhancer, food additive, preservative, emulsifier and stabilizer among others.
Aquafarm Gelidium Agar:
Agar is a special type of media used in the preparation of hydrocolloids. It is basically made up of living organisms, which are derived from certain bacteria and hence it has the ability to change its texture according to the nutrient composition present in its surrounding. The most commonly used types of agar are Gelidium (Gd) and Thioglycolic acid (TGA).
Application Insights:
The food industry accounted for the largest share in 2015 and is expected to witness significant growth over the forecast period. The product is used as a food additive and dietary supplements owing to its ability to stimulate bacterial growth, improve digestive health, strengthen immunity, reduce cholesterol levels and promote weight loss. Gelidium aquafarm extract has been approved by the United States Food & Drug Administration (FDA) under GRAS category for human consumption as a food additive.
Agar-agar consists of various bioactive compounds such as agaric acid (HA), fumaric acid (FA), lactic acid (LA) which have antioxidant properties that help maintain cellular integrity against free radical damage. These compounds also act as prebiotics that support beneficial bacteria in gut health promoting activities such as nutrient absorption and immune system strengthening against pathogens including harmful bacteria, viruses & parasites present in foods or consumed through diethinks or capsules.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for nutritional food products and rising prevalence of chronic diseases such as cancer, diabetes, obesity, and cardiovascular disorders among consumers.
The pharmaceutical industry in North America is highly regulated by government agencies such as FDA and Health Canada that monitor product quality closely to ensure safety for human consumption. These agencies conduct regular tests on agar products to check any potential contamination or change in color which may indicate spoilage or bacterial contamination respectively.
Growth Factors:
- Increasing demand for agar from the food and beverage industry as a thickener, stabilizer, and emulsifier.
- Growing popularity of plant-based diets that has increased the demand for vegetarian and vegan products, which often use agar as a gelatin replacement.
- Rising awareness about the health benefits of consuming agar-based products, such as weight loss and improved digestion.
- The increasing trend of home cooking and DIY recipes that call for agar as a key ingredient.
Scope Of The Report
Report Attributes
Report Details
Report Title
Agar Market Research Report
By Type
Wild Harvest Gelidium Agar, Aquafarm Gelidium Agar, Other Aquafarm Agar
By Application
Food Industry, Pharmaceutic, Cosmetics, Daily Chemical, Scientific Research
By Companies
Green Fresh, Kingyen, Shantou Chenghai District Agar Glue Factory, Huey shyang, Fuli Agar Factory, Mingfu Fujian Agar Co., Marine Hydrocolloids, ROKO, Agarmex, Hispanagar, Sobigel, B&V Agar, Iberagar, Global BioIngredients, Fujian Global Ocean Biotechnology, Taike Biotechnology, Agar Brasileiro, Fujian Wuyi Feiyan Agar
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Agar Market Report Segments:
The global Agar market is segmented on the basis of:
Types
Wild Harvest Gelidium Agar, Aquafarm Gelidium Agar, Other Aquafarm Agar
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
Food Industry, Pharmaceutic, Cosmetics, Daily Chemical, Scientific Research
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:
- Green Fresh
- Kingyen
- Shantou Chenghai District Agar Glue Factory
- Huey shyang
- Fuli Agar Factory
- Mingfu Fujian Agar Co.
- Marine Hydrocolloids
- ROKO
- Agarmex
- Hispanagar
- Sobigel
- B&V Agar
- Iberagar
- Global BioIngredients
- Fujian Global Ocean Biotechnology
- Taike Biotechnology
- Agar Brasileiro
- Fujian Wuyi Feiyan Agar
Highlights of The Agar 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:
- Wild Harvest Gelidium Agar
- Aquafarm Gelidium Agar
- Other Aquafarm Agar
- By Application:
- Food Industry
- Pharmaceutic
- Cosmetics
- Daily Chemical
- Scientific Research
- 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 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
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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 is a type of agar used in microbiology. It is a seaweed extract that forms a gel when mixed with water. Agar can be used to culture bacteria and other microorganisms.
Some of the major companies in the agar market are Green Fresh, Kingyen, Shantou Chenghai District Agar Glue Factory, Huey shyang, Fuli Agar Factory, Mingfu Fujian Agar Co., Marine Hydrocolloids, ROKO, Agarmex, Hispanagar, Sobigel, B&V Agar, Iberagar, Global BioIngredients, Fujian Global Ocean Biotechnology, Taike Biotechnology, Agar Brasileiro, Fujian Wuyi Feiyan Agar.
The agar market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agar 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 Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Agar 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 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 Market Size & Forecast, 2020-2028 4.5.1 Agar Market Size and Y-o-Y Growth 4.5.2 Agar 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 Wild Harvest Gelidium Agar
5.2.2 Aquafarm Gelidium Agar
5.2.3 Other Aquafarm Agar
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 Food Industry
6.2.2 Pharmaceutic
6.2.3 Cosmetics
6.2.4 Daily Chemical
6.2.5 Scientific Research
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agar 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 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 Wild Harvest Gelidium Agar
9.6.2 Aquafarm Gelidium Agar
9.6.3 Other Aquafarm Agar
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 Food Industry
9.10.2 Pharmaceutic
9.10.3 Cosmetics
9.10.4 Daily Chemical
9.10.5 Scientific Research
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 Wild Harvest Gelidium Agar
10.6.2 Aquafarm Gelidium Agar
10.6.3 Other Aquafarm Agar
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 Food Industry
10.10.2 Pharmaceutic
10.10.3 Cosmetics
10.10.4 Daily Chemical
10.10.5 Scientific Research
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 Wild Harvest Gelidium Agar
11.6.2 Aquafarm Gelidium Agar
11.6.3 Other Aquafarm Agar
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 Food Industry
11.10.2 Pharmaceutic
11.10.3 Cosmetics
11.10.4 Daily Chemical
11.10.5 Scientific Research
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 Wild Harvest Gelidium Agar
12.6.2 Aquafarm Gelidium Agar
12.6.3 Other Aquafarm Agar
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 Food Industry
12.10.2 Pharmaceutic
12.10.3 Cosmetics
12.10.4 Daily Chemical
12.10.5 Scientific Research
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 Wild Harvest Gelidium Agar
13.6.2 Aquafarm Gelidium Agar
13.6.3 Other Aquafarm Agar
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 Food Industry
13.10.2 Pharmaceutic
13.10.3 Cosmetics
13.10.4 Daily Chemical
13.10.5 Scientific Research
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 Market: Competitive Dashboard
14.2 Global Agar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Green Fresh
14.3.2 Kingyen
14.3.3 Shantou Chenghai District Agar Glue Factory
14.3.4 Huey shyang
14.3.5 Fuli Agar Factory
14.3.6 Mingfu Fujian Agar Co.
14.3.7 Marine Hydrocolloids
14.3.8 ROKO
14.3.9 Agarmex
14.3.10 Hispanagar
14.3.11 Sobigel
14.3.12 B&V Agar
14.3.13 Iberagar
14.3.14 Global BioIngredients
14.3.15 Fujian Global Ocean Biotechnology
14.3.16 Taike Biotechnology
14.3.17 Agar Brasileiro
14.3.18 Fujian Wuyi Feiyan Agar