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Agar Agar Gum Market Key Players, Supply Chain and Analysis to 2025
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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:
Powder
Flakes
Strips
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
Gums
Dairy Products
Meat & Fish
Others (jam, jellies, water gel desserts, wine etc.)
Pharmaceutical
Microbiological
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.
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