Agar Agar Gum Market Report Expects the Market Value of USD 376.3 MN BY 2026
Posted On December 18, 2020
The Global Agar Agar Gum Market is anticipated to grow at a compound annual growth rate ( CAGR ) of 5% during 2020-2026 while it was close to USD 267.4 MN in 2019. The market will outgrow to USD 376.3 MN by 2026 as per the research conducted by Value Market Research. Agar-Agar, a natural vegetable gelatin counterpart generally used as an ingredient in desserts. The growing demand for confectionery and baked food products will be the vital driving force behind the agar gum market’s growth. The extensive use of gum in micro and molecular biology and emerging technological advances will further propel market growth. The gum’s ability to provide long-lasting stability to finished products facilitating easy transportation and low-cost storage will drive the market growth. The inclination towards vegan products by a large percentage of the global population and creative cooking methods in health-conscious families will be a market booster. The various factors hindering this market's growth are health hazards with continuous consumption and limited yield from the base raw material.
Agar-agar gum is a gelling or thickening agent derived from seaweed and is extracted, processed to produce squares, powders, or strips. This gum can be called vegan gelatin and is free of any animal products or gluten, yeast, wheat, corn, and soy. Being a fat-free ingredient can be used in various cooking, baking applications, high fiber, iron, and calcium content. This additive provides thickness and stability to the food as well as shape and consistency. It is used as a laxative in traditional Japanese medicine to treat constipation and diabetes. In microbiology, agar-agar in its powdered form, is used to carry out plant cell culture studies. In the pharmaceutical industry, agar gum is used as a carrier for prosthetic dentistry and topical medications.
"Global Agar Agar Gum Market Report By Product (Powder, Strip, Square), By Application (Confectioneries, Bakery & Pastry, Retail, Meat, Microbiological & Molecular, Other Applications) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The geo-economic factors and historic agar agar gum industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of product the market is segmented into Powder, Strip, Square.By application the agar agar gum market is categorised as Confectioneries, Bakery & Pastry, Retail, Meat, Microbiological & Molecular, Other Applications. The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Agar Agar Gum Market -
- Bakery & Pastry
- Microbiological & Molecular
- Other Applications
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
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, Agar Corporation Ltd., AsionsvChem, Indoalgas, Able Sales Company.
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