Agar Market - Growth, Trends, and Forecast (2020 - 2025)
発行: Mordor Intelligence LLP
ページ情報: 英文 90 Pages
The global agar market is projected to grow at a CAGR of 5.55% during the forecast period (2020 - 2025).
Acquisitive Demand of Agar in Bakery and Confectionery Industry
In the baked goods industry, due to the ability of agar gels to withstand high temperatures, agar is gaining prominence as a stabilizer and thickener in pie fillings, icings, and meringues. Cakes, buns, etc., are often pre-packed in various kinds of modern wrapping materials and often stick to them, especially in hot weather by reducing the quantity of water and adding some agar, a more stable, smoother, non-stick icing is obtained. Some agars, especially those extracted from Gracilaria chilensis, are extensively used in confectionery with a very high sugar content, such as fruit candies. Because agar is tasteless, it does not interfere with the flavors of foodstuffs. this contrasts with some of its competitive gums that require the addition of calcium or potassium salts to form gels. Thus, it is highly preferred by the bakery and confectionery manufacturers in the food industry.
Asia-Pacific Witnessed a Significant Market Growth
Asia-pacific is expected to have the highest growth rate during the forecast period owing to the growing preference for vegan products. North American region has the highest share for the agar market; Europe has the second-highest market for the agar. Agar has a wide range of application, it is used to make ice cream, bakery, and confectionaries, dairy products, sports and health foods, beverages. The powdered form agar is the most preferred form as its ease of usage coefficient is high.
New product development and capacity expansion are the two key success strategies adhered to by market participants. Some of the major players in the agar market, globally, include Neogen Food Safety, HISPANAGAR, MARINE SCIENCE CO., LTD., PT. Agarindo Bogatama, INDUSTRIAS ROKO S.A., SETEXAM, among others.