Agar Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
22443 | Date :
Jan, 2023 | Pages :
192 | Region : Global |
Publisher : RI
Agar or agar-agar is a jelly-like substance, obtained from algae. Agar is derived from the polysaccharide agarose, which forms the supporting structure in the cell walls of certain species of algae, and which is released on boiling. These algae are known as agarophytes and belong to the Rhodophyta (red algae) phylum. Agar is actually the resulting mixture of two components: the linear polysaccharide agarose and a heterogeneous mixture of smaller molecules called agaropectin.
The global Agar market was valued at USD 268.58 million in 2016 and is expected to reach USD 338.17 million by 2022.
The technical barriers of Agar are relatively high, resulting in high level concentration degree. The key companies in Agar market are Green Fresh Group, Kingyen, Shantou Chenghai District Agar Glue Factory, Huey shying, Fuli Agar Factory, Mingfu Fujian Agar Co., Marine Hydrocolloids, ROKO, Agarmex, etc. And the enterprises are concentrated in China. China is the largest producer, occupied about 62% production.
According to customer types, Agar is widely used in Food Industry, Pharmaceutic, Cosmetics, Daily Chemical and Scientific Research. In 2016, Agar for Food Industry occupied more than 57% of total amount. With the improvement of living standards and global higher scientific research investment from government, enterprises, research institutions, schools, etc. the demand for Agar is expected to increase during the remaining years of the forecast period of 2017-2022. Agar industry will usher in a stable growth space.
However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Agar. Therefore, to some extent, the companies face the risk of profit decline.
The Global Agar Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023 - 2030.
As the report focuses on global Agar Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Green Fresh Group
Kingyen
Shantou Chenghai District Agar Glue Factory
Huey shyang
Fuli Agar Factory
Mingfu Fujian Agar Co.
Marine Hydrocolloids
ROKO
Agarmex
Hispanagar
Sobigel
B&V Agar
Iberagar
Global BioIngredients
Fujian Global Ocean Biotechnology
Taike Biotechnology
Agar Brasileiro
Fujian Wuyi Feiyan Agar
In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Wild Harvest Gelidium Agar
Aquafarm Gelidium Agar
Wild Harvest Gracilaria Agar
Aquafarm Gracilaria Agar
Other Wild Harvest Agar
Other Aquafarm Agar In Market segmentation by applications :
Food Industry
Pharmaceutic
Cosmetics
Daily Chemical
Scientific Research
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Agar Market for the forecast period 2023 - 2030?
• What are the driving forces in the Agar Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Agar industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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