According to a market report by Lucintel, the future of the global agar market looks promising with opportunities in the food & beverage and pharmaceutical markets. The global agar market is expected to reach an estimated $452 million by 2035 from $307 million in 2027 with a CAGR of 5.8% from 2027 to 2035. The major drivers for this market are the increasing demand for plant-based ingredients, the rising use in food applications, and the growing preference for natural gelling agents.
A more than 150-page report to understand trends, opportunity and
forecast in global agar market to 2035 by form (strip, powder, and others),
application (food & beverage, pharmaceuticals, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the form category, powder is expected to
witness higher growth over the forecast period due to longer shelf life and
convenient storage benefits.
Within the application category, food & beverage is expected to
witness the highest growth over the forecast period due to rising demand in
food applications.
Download sample by clicking on agar
market.
In terms of regions, APAC will remain the largest region over the
forecast period due to increasing consumption and expanding industry growth
opportunities.
Neogen Food Safety, HISPANAGAR, AGARMEX, S.A., INDUSTRIAS ROKO S.A., PT.
Agarindo Bogatama, SETEXAM, MSC Co.,Ltd. are the major suppliers in the agar market.
This
unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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