"Global Agar Agar Gum Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global agar agar gum market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global agar agar gum market report has been segmented on the basis of product, application, and region.
Agar-agar is a vegetarian gelatin substitute produced from seaweed. It is jelly-like substance present in the cell walls of Rhodophyceae class of red algae. Agar agar is considered a source of iron, calcium, and fiber.
Rising demand for dairy products across the globe owing to changing food habits is major factor expected to drive revenue growth of the agar agar gum market over the forecast period. Moreover, the growing demand for confectionery products in developing economies such as India and China is expected to support revenue growth of the target market. Furthermore, gelling and thickening properties of agar agar gum is another factor expected to drive revenue growth of target market over the forecast period.
However, growing health concerns due to these sugary products are expected to restrain revenue growth of the market over the forecast period.
On the basis of product, the powder segment is expected to account significant revenue share in the global agar agar gum market. Increasing demand for powder agar agar gum in bakery, confectionery, dairy products, etc., is expected to support revenue growth of this segment over the forecast period.
On the basis of application, the confectionery segment is expected to account major revenue share in the global market and is expected to maintain its dominance over the forecast period. Groening demand for fruit confectionery in developing countries of Asia Pacific is major factor expected to drive revenue growth of this segment over the forecast period.
Europe market is expected to dominate the global agar agar gum market and is expected to maintain its dominance over the forecast period. Growing demand for agar agar gum from the food and beverage industry is expected to drive revenue growth of Europe agar agar gum market. Moreover, the growing confectionery sector in the region owing to increasing disposable income is another factor expected drive revenue growth of agar agar gum market in Europe over the forecast period. Europe accounts for the major revenue share of the global agar agar gum market, followed by markets in North America, Asia Pacific, Latin America, and the Middle East & Africa respectively. Asia Pacific agar agar gum market is expected to grow at a moderate rate over the forecast period. Rising demand for agar agar gum in dairy products such as yogurt, ice cream, chocolate milk, custards, etc., is expected to drive revenue growth of the target market in the region over the forecast period.
Market Segmentation and Key Players Operating in the Global Agar Agar Gum Market:
By Product Type:
- Bakery Products
- Others (Dairy Products, Wine, Jam, Water Gel Desserts, etc.)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Meron Group
- TIC Gums, Inc.
- MSC Co., Ltd.
- Agarmex S.A. DE C.V.
- Orient Resources Company
- Marine Science Co., Ltd.
- Titan Biotech Ltd.
- Able Sales Company, Inc.
- Central Drug House(P) Ltd.
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