Agar market Dynamics Analysis To Grow At Cagr 4.8% With Major Companies And Forecast 2027

Agar is a gelatin-like substance that is produced from the red-algae and is best known for the solidifying substrate of bacteriological culture media. It is also used for preserving meat and poultry products. Moreover, it also find its applications in cosmetics, medicine, and dentistry. Furthermore, they are also used as a clarifying agent in the production and brewing of wine and as a thickening agent in the production of pastries, ice-creams, salad dressings, and desserts.

Rising awareness regarding the health benefits of agar as it has various minerals and vitamins such as contains iron, iodine, calcium, phosphorous, etc. is expected to serve as a prime driver factor to the market growth. Moreover, growing demand from the food and beverage industry as a thickening and stabilizing agent in various food products is expected to propel the market growth of agar.

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Detailed Segmentation:

Global Agar Market, By Form:
Strips
Powder

Global Agar Market, By Application:
Food & Beverages
Bakery
Confectionery
Dairy
Canned Meat/ Poultry Products
Beverages
Sauces, Creams & Dressings
Dietic Products
Others

Increasing application of agar in culture media and dentistry as a hydrocolloid impression material coupled with the growing demand from the pharmaceutical industry as it is used to produce suspensions, emulsions, capsules and suppositories in surgical lubricants is expected to offer enormous growth opportunity to the market of agar.

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The rising trend of preferences for vegan food products coupled with the booming food and beverage industry is projected to propel the market growth of agar over the forecast period. Moreover, the growing demand for confectionery food products is also expected to foster the market growth of agar in the near future.

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