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Global Agar-Agar Gum Market Insight February 16, 2022 Comments

The Agar-Agar Gum is forecast to smooth over the next few years. According to the WK-chem Research “Global Agar-Agar Gum Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the Baking and Confectionery industry,the Agar-Agar Gum industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 4.34%.
Analysts’ Viewpoint:
“The use of Agar-Agar Gum technology in the manufacture and use of Baking and Confectionery is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WK-chem.” It is expected that during the forecast period, the food industry will dominate the global Agar-Agar Gum market.”
Market insight:
The gelling and thickening properties of agar are expected to drive the agar gel market over the forecast period. The demand for agar gum in the food and beverage industry is likely to increase in the coming years as a stabilizer and curing agent. Agar is superior to other polysaccharides because of the large lag between melting and freezing temperatures of agar, an unusual property of polysaccharides. Agar is mainly used in the food and beverage industry to provide a stable structure for concentrated sugar-containing systems due to its high compatibility in sugar-containing environments. Hence, the demand for agar gum in sugar-sweetened foods is expected to rise significantly even after the forecast period.
Competition Landscape:
This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Agar-Agar Gum companys that include Meron Group, Myeong Shin Agar, Marine Science Co., Ltd., Agarmex, Orient Resources Company .etc.
Segmentation of Agar-Agar Gum Market:
Based on form, the agar agar gum market can be segmented into:Powder,Flakes,Strips. The powder segment held a prominent share of the agar agar gum market in 2016, due to its increased usage in applications such as bakery & confectionery, jellies, gums, etc. The powdered form of agar agar gum is easy to use and relatively inexpensive, as compared to other forms of agar agar gum. On the basis of Application, the Agar Gum Market is segmented into: Food & Beverage, Pharmaceutical, Microbiology and others. The confectionary segment is likely to remain the main application, with the product’s excellent heat resistance and stability also spurring demand for ice cream, pie fillings, meringues and other desserts in the pastry and bakery industries. Growing consumer awareness about the benefits of baked goods in terms of lower fat content and healthier digestion is also contributing to the growth of the segment.
Agar-Agar Gum Market: Regional Analysis
In terms of geography, the global Agar-Agar Gum market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America emerged as a major regional market due to high demand from consumers and food processors. The United States is expected to dominate the North American agar gum market and is expected to maintain its dominance over the forecast period. Growing demand for agar gum in the food and beverage industry is expected to drive revenue growth in the U.S. agar gum market. Moreover, the growth of the confectionery industry in the country owing to increasing disposable income is another factor expected to drive the revenue growth of the U.S. agar gum market over the forecast period.
Cagr: 4.34%
Largest share area:North America
Largest share country:the United States
Product Type:Powder,Flakes,Strips
Application:Food & Beverage, Pharmaceutical, MicrobiologyLeading Company:Meron Group, Myeong Shin Agar, Marine Science Co., Ltd., Agarmex, Orient Resources Company