Agar Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Agar market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Agar Market report is anticipated to register a CAGR of 5.1% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Agar Market are –
- Polygal AG
- Industrias Roko
- Merck Group
- Agarindo Bogatama
- Norevo GmbH
- Myeong Shin Agar
- Marine Science Co.
- Ashland Specialty Ingredients
- Tanisco A/C
The global agar market size was estimated at USD 255.18 million in 2018 and is anticipated to grow at a CAGR of 5.1% from 2018 to 2023. The exponential growth in the usage of this product is attributed to its various functional and health benefits. It contains 80% fiber and can be used as an appetite suppressant. It is also an important culinary ingredient as it acts as a substitute for gelatin and can be used as a thickener soups, in fruits preserves, ice cream and others desserts.
The age of veganism and health consciousness is expected to promote the use of Agar
Essentially agar and gelatin serve the same purpose both acts as a thickening agent. These are important ingredients for the preparation of desserts worldwide. Agar has high preference over gelatin not only because it is viable vegetarian substitute for gelatin, but also because of its higher health benefits when compared to gelatin. It is low in saturated fat and cholesterol and high in calcium, folate, iron and vitamins amongst others. It is ideal for consumers interested in weight loss and maintaining good health. Veganism is a lifestyle choice which is increasingly become popular globally. China is among the top three that have the highest vegan population. To accesses these set of consumers any manufactures products such as fruit-flavored jams and jellies, chewy candies are preferring the use of agar.
Asia-pacific is expected to have the highest growth rate during the forecast period due to the growing preference for vegan products. North American region has the highest share for agar market; Europe has the second highest market for agar. Agar has a wide range of application, it is used to make ice cream, bakery and confectionaries, dairy products, sports and health foods, beverage. The powdered form agar is the most preferred form as it ease of usage coefficient is high.
MAJOR PLAYERS: 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 and TANISCO A/C, amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information,
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Scope of the Report:
The report analyses Agar market, which includes –
- Analysis of the growth of Agar market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Agar market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Agar market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Agar market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Agar Market Report:
- Varying dynamics of the Agar industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Agar market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Agar market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Agar Market Report:
- The report analyses how stringent emission control norms will drive the global Agar market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Agar market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Agar:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Agar Market Report @ https://www.360marketupdates.com/TOC/12884611#TOC
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