Agar-Agar Market Size & Growth | Global Industry Analysis, 2028
The market is expected to grow from US$ 323,657.68 thousand in 2021 to US$ 459,415.30 thousand by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
Agar-agar is one of the popular vegetarian substitutes for gelatin. It is derived from red algae seaweeds, especially Glacaralia and Gelidium. The yield of agar-agar is more when extracted from Glacaralia and Gelidium than other species. Hence, these species are used commercially for agar-agar extraction. Agar-agar has excelling gelling properties. Moreover, it has a high melting point than other gelling agents. Thus, it provides high thermal stability to the food products. It helps extend the shelf life of bakery products. The increasing demand for agar-agar as a gelling and thickening agent from the food & beverages manufacturers is propelling the agar-agar market growth.
Asia-Pacific held the largest share of the global agar-agar market in 2020; it is expected to grow significantly over the forecast period. China, Japan, and Indonesia are among the major seaweed-producing countries. Thus, the availability of raw materials required for manufacturing agar-agar in the region is driving the growth of the Asia-Pacific agar-agar market. Moreover, the growing inclination of the majority of the population in the region toward veganism is projected to boost the demand for agar-agar as it can be effectively used in vegan food products.
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Agar-Agar Market: Strategic Insights
Market Size Value in US$ 323,657.68 thousand in 2021 Market Size Value by US$ 459,415.30 thousand by 2028 Growth rate CAGR of 5.1% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Agar-Agar Market: Strategic Insights
| Market Size Value in | US$ 323,657.68 thousand in 2021 |
| Market Size Value by | US$ 459,415.30 thousand by 2028 |
| Growth rate | CAGR of 5.1% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Agar-Agar Market
The COVID-19 outbreak affected several industries due to lockdowns, business shutdowns, and supply chain disruptions. There was a mixed impact of the pandemic on the agar-agar market. Initially, owing to lockdowns and business shutdowns, manufacturers faced raw materials and labor shortages, which affected their production and supply. However, as people are becoming more health-conscious, they prefer health-boosting products. Agar-agar is widely used in various pharmaceutical & nutraceutical products. This factor positively impacted the growth of the market as the pharmaceuticals & nutraceuticals industry experienced a significant boom in 2020. Furthermore, many nations are vaccinated, and governments have relaxed the restrictions imposed on manufacturing and trade. All these factors are expected to drive the agar-agar market growth over the forecast period.
Market Insights
Product Development is Likely to Open New Opportunities in the Agar-Agar Market
The agar-agar manufacturers are focusing on developing innovative products to fulfill the changing requirements of consumers. They are making significant investments in research and developments to differentiate their products from their competitors and retain their market share. For instance, Gelita AG developed agar-agar sheets in July 2019. Initially, agar-agar was available in powder and flakes format. However, Gelita AG developed agar-agar sheets utilizing a new production technology, and the product is better than powdered or flaked agar-agar in various ways. It eliminates the uncertainty of spoon measures and complex conversions between powder solutions, making it easy to use in different culinary preparations. Such innovations by the key players operating in the market are anticipated to offer lucrative opportunities in the agar-agar market over the forthcoming period.
Form Insights
Based on form, the agar-agar market is segmented into powder, flakes, and others. The powder segment held the largest share in the market and is projected to grow at the fastest CAGR over the forecast period. Agar-agar is usually available in powdered format. Powdered agar-agar can be conveniently incorporated in various formulations. Moreover, it is easy to store. Agar-agar powder is used in several dry blends, such as dry bakery blends, soup blends, and jelly blends. It acts as a thickening and gelling agent. The rising demand for agar-agar powder for manufacturing various foods and beverages drives the segment growth.
Application Insights
Based on application, the market is segmented into food & beverages, pharmaceuticals & nutraceuticals, and others. The food & beverages segment accounted for the largest market share in the agar-agar market in 2020; however, the pharmaceuticals & nutraceuticals segment is projected to grow at the fastest CAGR over the forecast period. Agar-agar acts as an appetite suppressant and is used in supplements that aid weight loss. It is also used in supplements that improve digestive health as it absorbs and throws toxins from the intestines and gastrointestinal tract. Furthermore, it is used in supplements that improve bone health. The rising applications of agar-agar in the pharmaceuticals & nutraceuticals industry are driving the market growth.
The key players operating in the agar-agar market include Agar Sari Jaya; Agar Swallow Indonesia; Gino Biotech; Hugestone Enterprise Co., Ltd.; Justchem International Limited; Meron; Pt. Agarindo Bogatama; Pt. Kappa Carrageenan Nusantara; Pt. Surya Indoalgas; and Roland Foods, LLC. These players are engaged in developing innovative products to meet the emerging consumer trends. Moreover, they focus on providing high-quality products to their consumers to retain their market share.
Agar-Agar Market Report Scope
Report Spotlights
- Progressive industry trends in the agar-agar market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the agar-agar market from 2019 to 2028
- Estimation of global demand for agar-agar
- Porter's five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the agar-agar market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The agar-agar market size at various nodes
- Detailed overview and segmentation of the market, as well as the agar-agar industry dynamics
- Size of the agar-agar market in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Surging demand for agar-agar in food & beverages industry and growing applications in pharmaceuticals & nutraceuticals are some of the key driving factors for agar-agar market.
Based on application, the pharmaceutical & nutraceutical is the fastest growing segment. Agar-Agar is a soluble dietary fiber and is used as a mild laxative in treating malfunctions of the digestive tract for its swelling properties. It is also used as a retarding agent and carrier in managing medicines, antibiotics, and vitamins.
Asia-Pacific accounted for the largest share of the global agar-agar market. Seaweed is produced in large quantities in Asian countries, such as China. Agar is far more cost-effective than gelatin, which has led to a surge in its use in various culinary products across the region.
Based on form, the powder segment accounted for the largest revenue share because agar-agar powder is more stable and easier to produce and pack than other types such as flakes, Bars. Powdered dry agar-agar is soluble in water and other solvents at a temperature ranging from 95°C to 100°C.
Manufacturers of agar-agar are significantly investing in research and development to improve existing products and develop new products. These companies are adopting product innovation strategies to differentiate their brands in the minds of consumers, boost their revenues, and fulfill the requirements of potential consumers. Such innovations by prominent companies are projected to offer lucrative growth opportunities to the agar-agar market players over the forecast period
The major players operating in the global agar-agar market are Agar Sari Jaya; Agar Swallow Indonesia; Gino Biotech; Hugestone Enterprise Co., Ltd.; Justchem International Limited; Meron; Pt. Agarindo Bogatama; Pt. Kappa Carrageenan Nusantara; Pt. Surya Indoalgas; and Roland Foods, LLC
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Agar-Agar Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Qualitative Analysis on Agar Production Through Different Seaweeds
4.5 Value Chain Analysis
4.5.1 Raw Material
4.5.2 Manufacturing/Processing
4.5.3 Packaging
5. Agar-Agar Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Agar-Agar in Food & Beverages Industry
5.1.2 Growing Applications in Pharmaceuticals and Nutraceuticals
5.2 Market Restraints
5.2.1 Limited Supply of Raw Material
5.3 Market Opportunities
5.3.1 Product Developments
5.4 Future Trends
5.4.1 Rising Veganism Trend
5.5 Impact Analysis of Drivers and Restraints
6. Agar-Agar – Global Market Analysis
6.1 Agar-Agar Market Overview
6.2 Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
6.3 Competitive Positioning
7. Global Agar-Agar Market Analysis – By Form
7.1 Overview
7.2 Agar-Agar Market, By Form (2020 and 2028)
7.3 Flakes
7.3.1 Overview
7.3.2 Flakes: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
7.3.3 Flakes: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
7.4 Powder
7.4.1 Overview
7.4.2 Powder: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4.3 Powder: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
7.5 Others
7.5.1 Overview
7.5.2 Others: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
7.5.3 Others: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
8. Agar-Agar Market Analysis – By Application
8.1 Overview
8.2 Agar-Agar Market, By Application (2020 and 2028)
8.3 Food & Beverages
8.3.1 Overview
8.3.2 Food & Beverages: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.3.3 Food & Beverages: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
8.3.3.1 Bakery and Confectionery: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.3.3.2 Bakery and Confectionery: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
8.3.3.3 Beverages: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.3.3.4 Beverages: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
8.3.3.5 Dairy and Frozen Desserts: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.3.3.6 Dairy and Frozen Desserts: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
8.3.3.7 Others: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.3.3.8 Others: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
8.4 Pharmaceuticals & Nutraceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals & Nutraceuticals: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4.3 Pharmaceuticals & Nutraceuticals: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
8.5 Others
8.5.1 Overview
8.5.2 Others: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5.3 Others: Agar-Agar Market – Volume and Forecast to 2028 (Tons)
9. Agar-Agar Market – Geographic Analysis
9.1 Overview
9.2 North America: Agar-Agar Market
9.2.1 North America: Agar-Agar Market – Analysis and Forecast to 2028
9.2.2 North America: Agar-Agar Market, by Form
9.2.3 North America: Agar-Agar Market, by Application
9.2.4 North America: Agar-Agar Market, by Key Country
9.2.4.1 US: Agar-Agar Market –Analysis and Forecast to 2028
9.2.4.1.1 US: Agar-Agar Market, by Form
9.2.4.1.2 US: Agar-Agar Market, by Application
9.2.4.2 Canada: Agar-Agar Market –Analysis and Forecast to 2028
9.2.4.2.1 Canada: Agar-Agar Market, by Form
9.2.4.2.2 Canada: Agar-Agar Market, by Application
9.2.4.3 Mexico: Agar-Agar Market –Analysis and Forecast to 2028
9.2.4.3.1 Mexico: Agar-Agar Market, by Form
9.2.4.3.2 Mexico: Agar-Agar Market, by Application
9.3 Europe: Agar-Agar Market
9.3.1 Europe: Agar-Agar Market – Analysis and Forecast to 2028
9.3.2 Europe: Agar-Agar Market, by Form
9.3.3 Europe: Agar-Agar Market, by Application
9.3.4 Europe: Agar-Agar Market, by Key Country
9.3.4.1 Germany: Agar-Agar Market –Analysis and Forecast to 2028
9.3.4.1.1 Germany: Agar-Agar Market, by Form
9.3.4.1.2 Germany: Agar-Agar Market, by Application
9.3.4.2 France: Agar-Agar Market –Analysis and Forecast to 2028
9.3.4.2.1 France: Agar-Agar Market, by Form
9.3.4.2.2 France: Agar-Agar Market, by Application
9.3.4.3 UK: Agar-Agar Market –Analysis and Forecast to 2028
9.3.4.3.1 UK: Agar-Agar Market, by Form
9.3.4.3.2 UK: Agar-Agar Market, by Application
9.3.4.4 Italy: Agar-Agar Market –Analysis and Forecast to 2028
9.3.4.4.1 Italy: Agar-Agar Market, by Form
9.3.4.4.2 Italy: Agar-Agar Market, by Application
9.3.4.5 Russia: Agar-Agar Market –Analysis and Forecast to 2028
9.3.4.5.1 Russia: Agar-Agar Market, by Form
9.3.4.5.2 Russia: Agar-Agar Market, by Application
9.3.4.6 Rest of Europe: Agar-Agar Market –Analysis and Forecast to 2028
9.3.4.6.1 Rest of Europe: Agar-Agar Market, by Form
9.3.4.6.2 Rest of Europe: Agar-Agar Market, by Application
9.4 Asia-Pacific
9.4.1 Asia Pacific: Agar-Agar Market – Analysis and Forecast to 2028
9.4.2 Asia-Pacific: Agar-Agar Market, by Form
9.4.3 Asia-Pacific: Agar-Agar Market, by Application
9.4.4 Asia Pacific: Agar-Agar Market, by Key Country
9.4.4.1 China: Agar-Agar Market –Analysis and Forecast to 2028
9.4.4.1.1 China: Agar-Agar Market, by Form
9.4.4.1.2 China: Agar-Agar Market, by Application
9.4.4.2 Japan: Agar-Agar Market –Analysis and Forecast to 2028
9.4.4.2.1 Japan: Agar-Agar Market, by Form
9.4.4.2.2 Japan: Agar-Agar Market, by Application
9.4.4.3 India: Agar-Agar Market –Analysis and Forecast to 2028
9.4.4.3.1 India: Agar-Agar Market, by Form
9.4.4.3.2 India: Agar-Agar Market, by Application
9.4.4.4 South Korea: Agar-Agar Market –Analysis and Forecast to 2028
9.4.4.4.1 South Korea: Agar-Agar Market, by Form
9.4.4.4.2 South Korea: Agar-Agar Market, by Application
9.4.4.5 Australia: Agar-Agar Market –Analysis and Forecast to 2028
9.4.4.5.1 Australia: Agar-Agar Market, by Form
9.4.4.5.2 Australia: Agar-Agar Market, by Application
9.4.4.6 Rest of Asia-Pacific: Agar-Agar Market –Analysis and Forecast to 2028
9.4.4.6.1 Rest of Asia-Pacific: Agar-Agar Market, by Form
9.4.4.6.2 Rest of Asia-Pacific: Agar-Agar Market, by Application
9.5 Middle East and Africa: Agar-Agar Market
9.5.1 Middle East and Africa: Agar-Agar Market – Analysis and Forecast to 2028
9.5.2 Middle East and Africa: Agar-Agar Market, by Form
9.5.3 Middle East and Africa: Agar-Agar Market, by Application
9.5.4 Middle East and Africa: Agar-Agar Market, by Key Country
9.5.4.1 South Africa: Agar-Agar Market –Analysis and Forecast to 2028
9.5.4.1.1 South Africa: Agar-Agar Market, by Form
9.5.4.1.2 South Africa: Agar-Agar Market, by Application
9.5.4.2 Saudi Arabia: Agar-Agar Market –Analysis and Forecast to 2028
9.5.4.2.1 Saudi Arabia: Agar-Agar Market, by Form
9.5.4.2.2 Saudi Arabia: Agar-Agar Market, by Application
9.5.4.3 UAE: Agar-Agar Market –Analysis and Forecast to 2028
9.5.4.3.1 UAE: Agar-Agar Market, by Form
9.5.4.3.2 UAE: Agar-Agar Market, by Application
9.5.4.4 Rest of the Middle East and Africa: Agar-Agar Market –Analysis and Forecast to 2028
9.5.4.4.1 Rest of the Middle East and Africa: Agar-Agar Market, by Form
9.5.4.4.2 Rest of the Middle East and Africa: Agar-Agar Market, by Application
9.6 South and Central America: Agar-Agar Market
9.6.1 South and Central America: Agar-Agar Market – Analysis and Forecast to 2028
9.6.2 South and Central America: Agar-Agar Market, by Form
9.6.3 South and Central America: Agar-Agar Market, by Application
9.6.4 South and Central America: Agar-Agar Market, by Key Country
9.6.4.1 Brazil: Agar-Agar Market –Analysis and Forecast to 2028
9.6.4.1.1 Brazil: Agar-Agar Market, by Form
9.6.4.1.2 Brazil: Agar-Agar Market, by Application
9.6.4.2 Argentina: Agar-Agar Market –Analysis and Forecast to 2028
9.6.4.2.1 Argentina: Agar-Agar Market, by Form
9.6.4.2.2 Argentina: Agar-Agar Market, by Application
9.6.4.3 Rest of South and Central America: Agar-Agar Market –Analysis and Forecast to 2028
9.6.4.3.1 Rest of South and Central America: Agar-Agar Market, by Form
9.6.4.3.2 Rest of South and Central America: Agar-Agar Market, by Application
10. Impact of COVID-19 Pandemic on Global Agar-Agar Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 GINO BIOTECH
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CV. AGAR SARI JAYA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 PT. Agar Swallow
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 HUGESTONE ENTERPRISE CO., LTD
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 JUSTCHEM INTERNATIONAL LIMITED
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Meron Group
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 PT. AGARINDO BOGATAMA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 PT Kappa Carrageenan Nusantara
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 PT SURYA INDOALGAS
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 ROLAND FOODS, LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. Global Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Global Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 4. Global Agar-Agar Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Global Agar-Agar Market, by Application – Volume and Forecast to 2028 (Tons)
Table 6. North America Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. North America Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 8. North America Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 9. North America Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 10. US Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 11. US Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 12. US Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 13. US Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 14. Canada Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 15. Canada Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 16. Canada Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 17. Canada Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 18. Mexico Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 19. Mexico Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 20. Mexico Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 21. Mexico Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 22. Europe Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 23. Europe Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 24. Europe: Agar-Agar Market Revenue Share, by Application (2020 and 2028)
Table 25. Europe Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 26. Europe Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 27. Europe: Agar-Agar Market Revenue Share, by Key Country (2020 and 2028)
Table 28. Germany Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 29. Germany Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 30. Germany Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 31. Germany Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 32. France Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 33. France Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 34. France Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 35. France Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 36. UK Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 37. UK Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 38. UK Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 39. UK Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 40. Italy Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 41. Italy Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 42. Italy Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 43. Italy Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 44. Russia: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 45. Russia: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Table 46. Russia Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 47. Russia Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 48. Russia Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 49. Russia Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 50. Rest of Europe Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 51. Rest of Europe Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 52. Rest of Europe Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 53. Rest of Europe Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 54. Asia-Pacific Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 55. Asia-Pacific Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 56. Asia-Pacific Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 57. Asia-Pacific Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 58. China Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 59. China Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 60. China Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 61. China Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 62. Japan Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 63. Japan Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 64. Japan Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 65. Japan Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 66. India Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 67. India Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 68. India Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 69. India Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 70. South Korea Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 71. South Korea Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 72. South Korea Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 73. South Korea Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 74. Australia Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 75. Australia Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 76. Australia Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 77. Australia Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 78. Rest of Asia-Pacific Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 79. Rest of Asia-Pacific Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 80. Rest of Asia-Pacific Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 81. Rest of Asia-Pacific Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 82. Middle East and Africa Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 83. Middle East and Africa Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 84. Middle East and Africa: Agar-Agar Market Revenue Share, by Application (2020 and 2028)
Table 85. Middle East and Africa Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 86. Middle East and Africa Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 87. Middle East and Africa Agar-Agar Market Revenue Share, by Key Country (2020 and 2028)
Table 88. South Africa Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 89. South Africa Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 90. South Africa Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 91. South Africa Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 92. Saudi Arabia Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 93. Saudi Arabia Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 94. Saudi Arabia Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 95. Saudi Arabia Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 96. UAE Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 97. UAE Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 98. UAE Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 99. UAE Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 100. Rest of the Middle East and Africa Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 101. Rest of the Middle East and Africa Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 102. Rest of the Middle East and Africa Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 103. Rest of the Middle East and Africa Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 104. South and Central America Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 105. South and Central America Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 106. South and Central America Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 107. South and Central America Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 108. Brazil Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 109. Brazil Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 110. Brazil Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 111. Brazil Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 112. Argentina Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 113. Argentina Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 114. Argentina Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 115. Argentina Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 116. Rest of South and Central America Agar-Agar Market, by Form – Revenue and Forecast to 2028 (US$ Thousand)
Table 117. Rest of South and Central America Agar-Agar Market, by Form – Volume and Forecast to 2028 (Tons)
Table 118. Rest of South and Central America Agar-Agar Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 119. Rest of South and Central America Agar-Agar Market, by Application– Volume and Forecast to 2028 (Tons)
Table 120. List of Abbreviation
LIST OF FIGURES
Figure 1. Agar-Agar Market Segmentation
Figure 2. Agar-Agar Market Segmentation – By Geography
Figure 3. Global Agar-Agar Market Overview
Figure 4. Agar-Agar Market: By Form
Figure 5. Agar-Agar Market: By Region
Figure 6. Global Agar-Agar Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Value Chain: Agar-Agar
Figure 10. Sign Ups for Veganuary Campaign from 2014 to 2020
Figure 11. Global Agar-Agar Market Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Agar-Agar Market
Figure 13. Global: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Agar-Agar Market: Key Players
Figure 15. Agar-Agar Market Revenue Share, By Form (2020 and 2028)
Figure 16. Flakes: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 17. Flakes: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 18. Powder: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 19. Powder: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 20. Others: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 21. Others: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 22. Agar-Agar Market Revenue Share, By Application (2020 and 2028)
Figure 23. Food & Beverages: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 24. Food & Beverages: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 25. Bakery and Confectionery: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 26. Bakery and Confectionery: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 27. Beverages: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 28. Beverages: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 29. Dairy and Frozen Desserts: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 30. Dairy and Frozen Desserts: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 31. Others: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 32. Others: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 33. Pharmaceuticals & Nutraceuticals: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 34. Pharmaceuticals & Nutraceuticals: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 35. Others: Agar-Agar Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 36. Others: Agar-Agar Market – Volume and Forecast To 2028 (Tons)
Figure 37. Global Agar-Agar Market Revenue Share, by Region (2020 and 2028)
Figure 38. North America: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 39. North America: Agar-Agar Market Revenue Share, by Form (2020 and 2028)
Figure 40. North America: Agar-Agar Market Revenue Share, by Application (2020 and 2028)
Figure 41. North America: Agar-Agar Market Revenue Share, by Key Country (2020 and 2028)
Figure 42. US: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 43. US: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 44. Canada: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 45. Canada: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 46. Mexico: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 47. Mexico: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 48. Europe: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 49. Europe: Agar-Agar Market Revenue Share, by Form (2020 and 2028)
Figure 50. Germany: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 51. Germany: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 52. France: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 53. France: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 54. UK: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 55. UK: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 56. Italy: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 57. Italy: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 58. Rest of Europe: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 59. Rest of Europe: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 60. Asia Pacific: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 61. Asia-Pacific: Agar-Agar Market Revenue Share, by Form (2020 and 2028)
Figure 62. Asia-Pacific: Agar-Agar Market Revenue Share, by Application (2020 and 2028)
Figure 63. Asia Pacific: Agar-Agar Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. China: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 65. China: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 66. Japan: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 67. Japan: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 68. India: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 69. India: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 70. South Korea: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 71. South Korea: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 72. Australia: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 73. Australia: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 74. Rest of Asia-Pacific: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 75. Rest of Asia-Pacific: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 76. Middle East and Africa: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 77. Middle East and Africa: Agar-Agar Market Revenue Share, by Form (2020 and 2028)
Figure 78. South Africa: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 79. South Africa: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 80. Saudi Arabia: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 81. Saudi Arabia: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 82. UAE: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 83. UAE: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 84. Rest of the Middle East and Africa: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 85. Rest of the Middle East and Africa: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 86. South and Central America: Agar-Agar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 87. South and Central America: Agar-Agar Market Revenue Share, by Form (2020 and 2028)
Figure 88. South and Central America: Agar-Agar Market Revenue Share, by Application (2020 and 2028)
Figure 89. South and Central America: Agar-Agar Market Revenue Share, by Key Country (2020 and 2028)
Figure 90. Brazil: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 91. Brazil: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 92. Argentina: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 93. Argentina: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 94. Rest of South and Central America: Agar-Agar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 95. Rest of South and Central America: Agar-Agar Market –Volume and Forecast to 2028 (Tons)
Figure 96. Impact of COVID-19 Pandemic in North America Country Markets
Figure 97. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 98. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 99. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
Figure 100. Impact of COVID-19 Pandemic in South & Central America Country Markets
The List of Companies - Agar-Agar Market
- GINO BIOTECH
- CV. AGAR SARI JAYA
- PT. Agar Swallow
- HUGESTONE ENTERPRISE CO., LTD
- JUSTCHEM INTERNATIONAL LIMITED
- Meron Group
- PT. AGARINDO BOGATAMA
- PT Kappa Carrageenan Nusantara
- PT SURYA INDOALGAS
- ROLAND FOODS, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
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As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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