Report Ocean recently released a research report on the Agar Agar Gum Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global agar agar gum market size is anticipated to reach USD 338.1 million by 2026 growing at a CAGR of 5.0% from 2018 to 2026 according to a new report published by Report Ocean Market Research. The report ?Agar Agar Gum Market Share, Size, Trends, & Industry Analysis Report, [By Product (Square, Strips, Powder), By Application (Microbiological and molecular, Meat, Confectionery, Retail, Others), By Regions]: Segment Forecast, 2018 – 2026′ provides insights on the current market scenario and the future prospects.
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Agar agar is a member of the galactan polysaccharides family. These are basically complex linear sugar polymers that comprise 22 galactose molecules. Agar agar gum is typically obtained from marine algae, the common species being Gracilaria and Gelidium.
The top properties of these products, namely thickening and gelling are poised to steer the market trends in the forecast period. These products are also expected to be widely applied in the F&B industries as a solidifying and stabilizing agent. Owing to the significant hysteresis achieved between the melting and setting temperatures of these products, this gum has outpaced the preference of other polysaccharides in the manufacturing process.
Rising world’s population coupled with the increase in personal income of consumers have led to a massive development of new food products globally. The high compatibility of these products gum as a binder as well as sweetener within a wide range of food products have leveraged its potential across a wide range of food sub-industries. However, the health ailments encountered by consumers as a result of the consumption of the end-products are likely to challenge the market growth.
Europe and North America are poised to dominate the agar agar gum market on account of the already high and rapidly increasing consumption of bakery and confectionery products. In Asia Pacific, agar agar gum in largely consumed by the dairy industry. European manufacturers are reaching out to Indonesian players with a view to collaborate and increase their market presence.
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The agar agar gum market is fairly capital as well as cost intensive. Capital is mainly required for routine manufacturing equipment purchase as well as updation, and there exists an opportunity to curb several operational costs. As a result of the prevailing circumstances, major manufacturers have huge production facilities, and enjoy from a wide geographic presence. thus, intensifying the competition for peers.
In addition, the application of agar agar gum across various food domains, viz. animal-derived gelatin free food, halal-certified, Kosher certified food, etc. is set to mark a remarkable increase in demand for the product. Most of the European bakery and confectionery items manufacturers have shifted to using these products as a unanimous binder.
These products exhibit superior properties such as providing long-lasting stability to end-products. The typical properties of these products enable texture enhancement, stabilization, and good thickening and binding of final products. Also, these products’s gel strength is relatively higher when compared with gelatin. This makes the product a popular choice in the dairy and liquid desserts processing industry.
The global agar agar gum market is highly competitive with a high market share possessed by the major market participants. The burgeoning market demand for these products has provoked many manufacturers to initiate capacity expansions as well as overseas partnership programs. Some of the major manufacturers include Meron, Marine Science, TIC Gums, Able Sales Company, and P.T. Agarindo Bogatama.
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Report Ocean Market Research has segmented the global Gout Therapeutics Market on the basis of Product, Application and Region:
Agar Agar Gum Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
Square
Strips
Powder
Agar Agar Gum Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
Microbiological and molecular
Meat
Confectionery
Retail
Others
Agar Agar Gum Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
North America
U.S.
Canada
Europe
Germany
UK
France
Poland
Spain
Italy
Belgium
Asia-Pacific
China
India
Japan
Malaysia
Indonesia
Australia
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Latin America
Brazil
Mexico
Argentina
Middle East and Africa
Saudi Arabia
UAE
Nigeria
Table of Content
Chapter 1: Global Agar Agar Gum Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Agar Agar Gum market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Agar Agar Gum Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Agar Agar Gum market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Agar Agar Gum market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Agar Agar Gum market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Agar Agar Gum market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Agar Agar Gum business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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