Agar Market Projected to Exhibit Growth at a CAGR of 547.4 by 2029

This report studies the Agar market. 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.

LPI (LP Information)' newest research report, the “Agar Industry Forecast” looks at past sales and reviews total world Agar sales in 2022, providing a comprehensive analysis by region and market sector of projected Agar sales for 2023 through 2029. With Agar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agar industry.

This Insight Report provides a comprehensive analysis of the global Agar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Agar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agar and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agar.

The global Agar market size is projected to grow from US$ 337.4 million in 2022 to US$ 547.4 million in 2029; it is expected to grow at a CAGR of 547.4 from 2023 to 2029.

Global agar key players include Green Fresh Group, ROKO, Hispanagar, etc. Global top 3 manufacturers hold a share about 50%. Asia-Pacific the largest market, with a share about 67%, followed by Europe, with a share about 23 percent. In terms of product, food grade is the largest segment, with a share about 92%. And in terms of application, the largest application is food industry, followed by pharmaceutic, cosmetics, daily chemical, and scientific research, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Agar market by product type, application, key manufacturers and key regions and countries.

Top Manufactures in Global Agar Includes:

    Ina Food

    Agarindo Bogatama

    Marine Hydrocolloids

    ROKO

    Agarmex

    Hispanagar

    Sobigel

    B&V Agar

    Iberagar

    Zhenpai

    Agar Brasileiro

    Green Fresh Group

    Fujian Global Ocean Biotechnology

    Qingdao Gather Great Ocean

    Fujian Kingyen

    Fujian Wuyi Feiyan Agar

    Guandong Hizense Seaweed

    Fujian Yange

    Xiamen Hkay

    Putian Changde

Market Segment by Type, covers:

    Food Grade

    Bacteriological Grade

Market Segment by Applications, can be divided into:

    Food Industry

    Pharmaceutic

    Cosmetics

    Daily Chemical

    Scientific Research

Key Questions Addressed in this Report

What is the 10-year outlook for the global Agar market?

What factors are driving Agar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Agar market opportunities vary by end market size?

How does Agar break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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https://www.lpinformationdata.com/reports/457471/agar-2029

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