Agar Agar Gum Market – Growth Opportunities & Technology Developments by 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Agar Agar Gum" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Agar-agar belongs to the family of galactan polysaccharides. Galactan polysaccharides are complex linear sugar polymers containing 22 galactose molecules. It is present in the cell walls of Rhodophyceae class of red algae. Agar is produced in several species of marine algae found across the globe. Most commercial agar-agar is extracted from Gelidium and Gracilaria species. Other commonly used species include Pterocladia and Gelidiella.
Agar Agar Gum Market: Drivers and Restraints
Gelling and thickening properties of agar agar are anticipated to drive the agar agar gum market during the forecast period. The F&B industry is likely to witness an increase in demand for agar agar gum, in the next few years, as a stabilizer and solidifying agent. Agar agar gum is preferred over other polysaccharides due to the large hystersis between the melting and setting temperatures of agar agar gum, an unusual property of a polysaccharide. Agar-agar is primarily utilized in the F&B industry, due to high compatibility of agar agar gum in sugary environment, in order to provide stable structure to concentrated sugary system. Thus, the demand for agar agar gum is expected to rise significantly from sugary food products even after the forecast period. However, rising health concerns (diabetes, high blood pressure, obesity, etc.) due to these processed sugary products are likely to hamper the agar agar gum market in the near future.
Agar Agar Gum Market: Segmentation
Based on form, the agar agar gum market can be segmented into:
The powder segment held a prominent share of the agar agar gum market in 2016, due to its increased usage in applications such as bakery & confectionery, jellies, gums, etc. The powdered form of agar agar gum is easy to use and relatively inexpensive, as compared to other forms of agar agar gum.
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Agar Agar Gum Market: Segmentation
Based on application, the agar agar gum market can be segregated into:
Food & Beverage
Bakery & Confectioneries
Meat & Fish
Others (jam, jellies, water gel desserts, wine etc.)
The bakery & confectioneries application segment is likely to witness a significant demand for agar agar gum owing to its very high melting point. The bakery products include pie fillings, icing & glazing of pastries and cakes, etc. Agar gar gum is utilized in confections such as candies, fruit jellies, and candy fillings. Dairy products such as yogurt, ice cream, sherbets, cream cheese, and dairy desserts are witnessing an increasing demand for agar-agar gum. Increasing consumption of meat & fish products such as canned products, and pet food is expected to boost the agar agar gum market in the next few years. Agar agar gum is also employed in the beverage industry for clarification of wine. Pharmaceutical, and microbiological application segments are also estimated to witness an increase in demand for agar-agar gum, as a laxative agent, and culturing media for microorganisms, respectively, during the forecast period.
Agar Agar Gum Market: Region-wise outlook
In terms of geography, the global agar agar gum market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are projected to dominate the agar agar gum market owing to the high consumption of bakery & confectionery products in these regions. The agar agar gum market in Asia Pacific is anticipated to expand at a rapid pace in the next few years. Agar agar gum is primarily utilized in dairy products in the region.
Agar Agar Gum Market: Key Players
Key players operating in the agar agar gum market include Meron Group, Marine Science Co. Ltd., TIC Gums, and New Zealand Manuka Group. Key manufactures are investing in R&D for development of innovative products.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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