Agar Market Is Estimated To Witness High Growth Owing To Wide Applications In Food Industry

Agar Market

Agar Market 

The Agar Market is estimated to be valued at Us$ 298.07 Mn in 2022 and is expected to exhibit a CAGR Of 4.67% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Agar is a gelatinous, sugary substance extracted from algae. It is commonly used as a gelling agent, thickening agent and emulsifier in food products such as dairy, confectionery, bakery, pharmaceuticals and microbiology. Agar finds wide use as a vegetarian-friendly alternative to animal-derived gelatin. It helps improve texture and stability of products. The rising demand for vegan and plant-based food ingredients is fueling the adoption of agar.

Market key trends:


Agar finds wide applications in the food industry owing to its gelling and thickening properties. It is commonly used to prepare jams, jellies, desserts and confectionery where it acts as a gelling agent. In bakery products like cakes and pastries, agar helps improve texture and moisture retention. It is also used as a stabilizer in dairy products such as yogurt and ice cream. Agar bacteriology, agar is an important ingredient used in microbiological growth media as it allows microbes and bacteria to grow in plate or slant forms. The increasing instances of lifestyle diseases and focus on preventive healthcare is propelling the microbiology research, thus driving the demand for agar.

Global Agar Market Is Estimated To Witness High Growth Owing To Increasing Application In Food Industry and Rising R&D Activities in Biotechnology and Pharmaceutical Industry

The agar market is estimated to be valued at US$ 2.97 Mn in 2022 and is expected to exhibit a CAGR of 4.67% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:


Agar is a gelatinous substance that is extracted from certain species of red seaweed. It is widely used as a gelling agent, thickening agent, stabilizer or emulsifier in the food industry. The major products where agar is used include bakery, confectionery, dairy, meat, microbiological and other applications in food products. With rising health consciousness among individuals, the use of plant based thickeners and stabilizers like agar is increasing in various food applications.

Market Dynamics:


The agar market is witnessing high growth owing to increasing application of agar in food industry. Agar is widely used as a gelling agent and stabilizer in various food products like desserts, bakery creams, jams, jellies, dairy products, canned meat and meat based products. With changing consumer preference towards vegan and plant based food products, the use of agar is increasing as it provides texture and stabilizing properties without using animal based gelatin. Agar's ability to form thermoreversible gels make it suitable for various confectionery and dessert applications. Furthermore, considerable R&D activities in biotechnology and pharmaceutical sectors have led to increasing adoption of agar for microbiological applications like culturing media, cell separation and DNA modification. Agar acts as an ideal gelling agent for microbiological media due to its ability to solidify into hard and clear gels without interfering with bacterial or fungal growth.

Key Takeaways

The global Agar Market size was valued at US$ 276.02 million in 2021 and is expected to reach US$ 401.19 million by 2030, exhibiting a CAGR of 4.67% during the forecast period. Rising application of agar in microbiological research and food & beverages industries is driving the market.

The Asia Pacific region dominated the agar market with a share of over 35% in 2021 owing to large agar production in China, Japan, Indonesia, and Philippines. The region will continue its dominance during the forecast period supported by increasing investments in R&D activities.

Europe is projected to witness the fastest growth during the forecast period. This can be attributed to rising food product innovations and growing private label brands in countries like Germany, UK, France and Italy.

Key players operating in the agar market are New Zealand Manuka Group, Hispanagar, Acroyali Holdings Qingdao Co., Ltd., Industrias Roko, S.A., Neogen, Merck Group, Agarindo Bogatama, Setexam, and Norevo GmbH. Leading players are focusing on new product launches and expansion strategies to strengthen their global footprint.



Read More : https://www.newswirestats.com/rising-demand-for-gelling-agent-and-food-additives-to-propel-the-growth-of-agar-market-over-the-decade/

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