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Agar-Agar Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form and Application- Product Image
Agar-Agar Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form and Application- Product Image
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Agar-Agar Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form and Application

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    Report

  • 177 Pages
  • March 2022
  • Region: Global
  • The Insight Partners
  • ID: 5576229
UP TO OFF until Jun 30th 2024
Description Jump to:
According to the latest market research study on 'Agar-Agar Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Form and Application,' includes the description of factors fueling the market growth, estimation and forecast of revenue, identification of significant market players and their key developments, and market share analysis.



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 a hydrocolloid found in red algae seaweeds. It has many applications in various end-use industries, such as food & beverages, pharmaceuticals & nutraceuticals, personal care, and biomedical. In the food & beverage industry, it is used as a thickener and gelling agent in various food products, including icings, bakery fillings, cake glazes, jellies, jams, marmalades, ice-creams, and dairy products. It is also used in beers, wines, and juices as a clarifying agent. Agar-agar can effectively substitute gelatin owing to its excellent gelling properties. Moreover, agar-agar is used as a gelling agent and stabilizer because it is derived from seaweeds in several vegan food products.

Based on application, the agar-agar market is segmented into food & beverages, pharmaceuticals & nutraceuticals, and others. The food & beverages segment held the largest share in the global agar-agar market in 2020. However, the pharmaceuticals & nutraceuticals segment is projected to grow at the highest CAGR over the forecast period. The food & beverage industry is advancing rapidly. Manufacturers are developing innovative products having significant health benefits that fulfill the changing requirements of consumers. The veganism trend is evolving rapidly. Consumers are increasingly looking for plant-based alternatives to reduce the utilization of animal-derived products. Agar-agar is a vegan-friendly ingredient with significant applications in the food & beverage industry. All these factors are projected to drive the growth of the agar-agar market over the forecast period.

Based on geography, the agar-agar market is segmented into - North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Asia-Pacific held the largest share in the agar-agar market in 2020. Agar-agar is a vital ingredient in Asian cuisine. Countries such as China, Japan, and Indonesia are the significant producers and exporters of agar-agar in the region. Thus, significant production of agar-agar in the region contributes to the growth of the Asia-Pacific agar-agar market. Moreover, increasing demand from the food & beverages industry and the nutraceuticals industry is also driving the regional market growth.

Impact of COVID-19 Pandemic on Agar-Agar Market


The agar-agar market witnessed significant impacts of the COVID-19 pandemic. Due to severe supply chain disruptions, there was a shortage of raw materials, which adversely affected the profitability of small-scale and large-scale agar-agar manufacturers. A decline in product supply created a demand and supply gap, which negatively affected the growth of the agar-agar market. However, as people became health-conscious due to the pandemic, they preferred dietary supplements that help boost immunity and maintain overall health. Agar-agar is widely used in various nutritional supplements, such as vitamin and protein supplements. This factor positively impacted the agar-agar market growth during 2020. Furthermore, the manufacturers are recovering from losses as they are operating with full capacity. The majority of the population across North America, Europe, and Asia-Pacific are fully vaccinated, which is also expected to boost the growth of the agar-agar market over the coming years.

Agar-Agar Market Breakdown - by Region


The report segments the agar-agar market as follows:


Based on form, the agar-agar market is segmented into flakes, powder, and others. Based on application, the agar-agar market is segmented into food & beverages, pharmaceuticals & nutraceuticals, and others. By geography, the agar-agar market is segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global agar-agar market, thereby allowing players to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 Publisher
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

Executive Summary

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 a gelatinous product extracted from red algae seaweed. Commercially, Glaciralia and Gelidium species are used for extracting agar-agar. However, other species such as Pterocladia and Gelidiella can also be used for extracting agar. Agar-agar is significantly used as a thickening and gelling agent in various foods & beverages, such as jellies, candies, desserts, caramel fillings, jams, icing, pies, bakery dough, yogurts, dairy desserts, fermented milk, and canned meat products. Bacteriological Agar is utilized in the growth and in vitro propagation of plant tissue; it is also used as a gelling agent in culture medium formulation. The lack of inhibitors, which might alter the ideal growth of bacteria, is the major benefit of bacteriological agar. Transparency, hysteresis, and batch-to-batch repeatability are among the key features of bacteriological agar. The increasing demand for agar-agar for various applications is driving the growth of the agar-agar market.

Based on form, the agar-agar market is segmented into powder, flakes, and others. The powder segment accounted for the largest market share in 2020. Agar-agar is commonly sold in powdered form. It is more stable and easy to use than other forms, such as flakes and bars. It can be effectively used in various food formulations, such as bakery products, jellies, ice-creams, and cakes glazes & icings. Powdered dry agar-agar is soluble in water and other solvents at a temperature ranging from 95°C to 100°C. Agar-agar powder is also used in various non-food applications, including plant tissue mediums and bacterial cultures.

Based on region, the agar-agar market is segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia-Pacific held the largest share of the global agar-agar market; it is projected to register the fastest growth over the forecast period. China, Indonesia, Japan, South Korea, and the Philippines are the significant seaweed producers in Asia-Pacific. According to the Food and Agriculture Organization of the United Nations, in 2019, 97% of the total seaweed production was from Asia. The development of seaweed farming in eastern Asia has considerably impacted the agar industry, both in yield and quality of products produced. Moreover, the availability of raw materials for the production of agar-agar has also provided cost benefits to the agar manufacturers operating in Asia-Pacific. These factors are further expected to boost the growth of the agar-agar market across the region. Furthermore, agar-agar is one of the integral parts of various Asian cuisines. This factor fuels the demand for agar-agar across the Asia-Pacific food & beverage industry. Moreover, people in the region are increasingly adopting the veganism trend. Agar-agar is a vegan-friendly alternative to gelatin. Therefore, the rising veganism trend in the region is also expected to support the growth of agar-agar market across Asia-Pacific in the coming years.

The leading players 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.

The overall size of the global agar-agar market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the agar-agar market.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Gin- Biotech
  • Cv. Agar Sari Jaya
  • Pt. Agar Swallow
  • Hugestone Enterprise Co. Ltd
  • Justchem International Limited
  • Meron Group
  • Pt. Agarind- Bogatama
  • Pt Kappa Carrageenan Nusantara
  • Pt Surya Indoalgas
  • Roland Foods, LLC

Table Information

Report AttributeDetails
No. of Pages177
PublishedMarch 2022
Forecast Period2021 - 2028
Estimated Market Value ( USD ) in 2021 $ 323.66 Million
Forecasted Market Value ( USD ) by 2028 $ 459.42 Million
Compound Annual Growth Rate5.1%
Regions CoveredGlobal

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