U.S. agar-agar gum market by product, 2014 -
2025 (USD Million)
|
The global agar-agar gum market is anticipated to reach USD 345.3
million by 2025, according to a new report by Grand View Research, Inc.
Shifting consumer preference towards animal-free products and popularity of
dairy-based products to maintain healthy diets has resulted in significant
market growth.
The industry is also responsible for employment generation especially
for people dwelling in coastal villages where seaweed collection forms an
important component of their income. The activity is crucial for rural women
who do not actively participate in mainstream fishing.
Technological advancements have supported the industry as well, with the
introduction of metal scrapers that may be utilized to harvest larger
quantities of seaweed with less effort. Additionally, new methods &
processes have been introduced to extract agar from seaweed along with other
techniques for cleaning, pre-treatment, filtration & gelation, and
dewatering.
Agar powders occupied over 90% of the volume share in 2015. Creative
cooking methods have also paved new growth avenues for molecular gastronomy
applications, with powdered gum being dissolved in boiling aqueous liquids to
create unique dishes. Textured foods such as pearls and spaghetti gels, along
with foamed products are important drivers for this segment.
Full
Research Report On Agar-Agar Gum Market Analysis:
Further key findings from the report suggest:
·
Global agar-agar gum market was estimated
at 11,236.6 tons in 2015 and is anticipated to grow at an estimated CAGR of
3.6% from 2016 to 2025.
·
Squares are widely used to make
confectionaries, bakery products, desserts and other food products in the form
of cubes, since the product has the ideal firmness to hold perfect molds
·
Strips or bars have also been a great
alternative for gelatin derived dairy-based products and are used by industrial
manufacturers that are engaged in producing kosher, halal, vegan and vegetarian
foodstuffs
·
Meat is expected to increase at about 4.1%
CAGR in terms of volume. Agar fosters longer shelf life to frozen &
processed meat products, while also improving stability while treating these
products, which has led to segment growth.
·
Microbiological & molecular
applications are expected to remain an important segment, since the product is
widely used to stimulate bacterial development in Petro-dishes for laboratory
experiments
·
Asia Pacific is presumed expand at the
highest CAGR of 5.4% in terms of revenue. The product was originally claimed to
be discovered in Tarazaemon Minoya, Japan and has become an important
ingredient in the regional food industry in recent years.
·
Key industry participants consist of Myeong
Shin Agar, Meron Group, Marine Science Co. Ltd., Indoalgas, Able Sales Company,
Orient Resources Company and Central Drug House(P) Ltd.
View More Reports
Of This Category By Grand View Research At:
https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the agar-agar gum market on the basis
of product, application and region:
Agar-agar Gum Product Outlook
(Volume, Tons, Revenue, USD Million, 2014 - 2025)
·
Powder
·
Strip
·
Square
Agar-agar Gum Application
Outlook (Volume, Tons, Revenue, USD Million, 2014 - 2025)
·
Confectioneries
·
Bakery & Pastry
·
Retail
·
Meat
·
Microbiological & Molecular
·
Others
Agar-agar Gum Regional
Outlook (Volume, Tons, Revenue, USD Million, 2014 - 2025)
·
North America
o U.S
·
Europe
o Norway
o France
o Spain
·
Asia Pacific
o China
o Japan
o South Korea
·
Middle East and Africa
·
Central & South America
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/agar-agar-gum-market
https://www.grandviewresearch.com/press-release/agar-agar-gum-market
About Grand View
Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/