The “Global Agar Market – Growth, Trend and Forecasts (2017 – 2022)” report has been added to Research and Markets’ offering.
The global agar market is estimated to reach USD 247.18 million in 2017 and anticipated to register a CAGR of 5.1%, during 2017-2022 (the forecast period).
The exponential growth, in terms of usage, is attributed to the various functional and health benefits, the product provides. It contains about 80% fiber and can be used as an appetite suppressant. Moreover, agar is an important culinary ingredient, as it acts as a substitute for gelatin and can be used as a thickener in soups, fruits preserves, ice cream and other desserts. Agar Agar is broadly utilized as a part of dairy products, such as, drain, cheddar, yogurts, creams, custard, curd, spreads, mousses, puddings, drinks, and smoothies.
Increasing demand for natural ingredient coupled with rising inclination of consumers towards vegan/vegetarian products are factors expected to support the growth of global agar market over the forecast period. Also, increasing usage of agar powder for cosmetic and medicinal purposes is likely to fuel growth of the market over the next few years. The increasingly health conscious populace is showing more inclination toward healthier substitutes.
Both, agar and gelatin act as a thickening agent. They are some essential ingredients for the preparation of desserts, worldwide. The only difference is that agar is a vegetarian substitute for gelatin. Moreover, it is not only vegetarian but has higher health benefits, than gelatin. Heath benefits of agar owe to the low saturated fat and cholesterol and high calcium, folate, iron and vitamins content. Therefore, it is ideal for health-conscious consumers, interested in weight loss. Veganism is getting popular globally. China is among the top three countries with the largest vegan population. Further, to grab this set of consumers, manufacturers are preferring the use of agar, while manufacturing products such as fruit-flavored jams and jellies, chewy candies, etc.
Companies Mentioned:
– Polygal AG
– Hispanagar
– Nexira
– Industrias Roko, S.A.
– Neogen
– Merck Group
– Agarindo Bogatama
– Setexam
– Norevo GmbH
– Myeong Shin Agar
– Marine Science Co., Ltd.
– Agarmex
– Ashland Specialty Ingredients
– Tanisco A/C
– Others
Key Topics Covered:
1. Introduction
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/kq3pk5/global_agar