Agar-Agar Gum Market Size in 2022, Increasing demand, Growth strategies, Forecast to 2028

Agar-Agar Gum Market Market Analysis and Insights: Global Agar-Agar Gum Market
Due to the COVID-19 pandemic, the global Agar-Agar Gum market size is estimated to be worth USD 269.6 million in 2022 and is forecast to a readjusted size of USD 321.5 million by 2028 with a CAGR of 3.0% during the review period. Fully considering the economic change by this health crisis, Powder accounting for % of the Agar-Agar Gum global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Confectioneries segment is altered to an % CAGR throughout this forecast period.
China Agar-Agar Gum market size is valued at USD million in 2021, while the US and Europe Agar-Agar Gum are USD million and USD million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Agar-Agar Gum landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Agar-Agar Gum include Meron Group, Myeong Shin Agar, Marine Science Co., Ltd., Agarmex, Orient Resources Company, B&V, TIC Gums, Titan Biotech Ltd and Central Drug House (P) Ltd., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Agar-Agar Gum capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Agar-Agar Gum by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Agar-Agar Gum Scope and Segment
Agar-Agar Gum market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Agar-Agar Gum market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

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The Major Players in the Industrial Agar-Agar Gum Market include:

  • Meron Group
  • Myeong Shin Agar
  • Marine Science Co., Ltd.
  • Agarmex
  • Orient Resources Company
  • B&V
  • TIC Gums
  • Titan Biotech Ltd
  • Central Drug House (P) Ltd.
  • Agar Shallow
  • Agar Corporation Ltd
  • AsionsvChem
  • Indoalgas
  • Able Sales Company

By Product Types:

  • Powder
  • Strips

By Applications:

  • Confectioneries
  • Bakery & Pastry
  • Retail
  • Meat
  • Microbiological
  • Others

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