Agar is a jelly-like substance extracted from red seaweed which is widely used as a gelling agent, thickening agent, stabilizer or texturizer in various food products such as jams, jellies, desserts and canned products as well as microbiological media, medical products, ballistic gel, and cosmetics. It acts as a substitute for gelatin and is preferred by vegan and vegetarian population. The growth of the food industry along with rising health consciousness has led to increased demand for agar from the food and pharmaceutical sectors.

 

The Global Agar Market is estimated to be valued at US$ 348.37 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2030.

 

Key Takeaways

Key players operating in Global Agar Market Share are Microsoft (US), Okta (US), IBM (US), Oracle (US), Salesforce (US), Ping Identity (US), HID Global (US), ForgeRock (US), CyberArk (US), Micro Focus (US), Thales (France), RSA Security (US), Avatier (US), ManageEngine (US), SecureAuth (US), EmpowerID (US), SAP (Germany), Simeio (Georgia), One Identity (US), FusionAuth (US), Auth0 (US), IDnow (Germany), Zephr (UK), Signzy (US), Civic (US), Trusona (US), Beyond Identity (US), Akamai (US), Delinea (US), Optimal IdM (US), Netwrix (US), Zoho Vault (US), Transmit Security (US).

 

The increasing demand for agar from food and pharmaceutical industries is expected to drive the market growth during the forecast period. It is driving the market as agar is becoming increasingly popular as stabilizer, thickener, texturizer and gelling agent in various F&B applications.

 

Technologicaladvancements like development of new high-strength grades of agar suitable for specific industrial applications like textile sizing, 3D bioprinting and biomedical applications are further fueling the market growth.

 

Market Trends

The development of low melting agar grades suitable for heat-sensitive applications is a key trend in the agar market. Agarose with low melting point prevents thermal degradation of ingredients during food processing.

 

Use of agar in developing novel nutraceutical delivery systems and functional foods is another emerging trend. Agar is studied for its prebiotic potential and application in producing low-calorie foods.

 

Market Opportunities

Emerging application of agar in biomedical field for wound healing, tissue engineering and drug delivery presents significant growth opportunities.

 

Development of agar-based products targeted towards health conscious consumers also provides lucrative opportunities for players in the market.

 

Impact of COVID-19 on Agar Market

The COVID-19 pandemic has negatively impacted the growth of the agar market. During the initial lockdown phases globally, supply chain disruptions and restrictions on non-essential businesses led to decline in agar production. The demand from food industries reduced significantly due to closure of restaurants and other foodservice outlets. However, with gradual lifting of restrictions and resumption of operations across industries, the agar market is recovering. The demand for packaged food and home delivery services increased during the pandemic which supported the agar consumption. In the post-COVID period, the market is expected to grow steadily driven by increasing application in microbiological research & development and rising focus on immunity boosting and prebiotic diets. The key players need to focus on strengthening distribution channels and adapt to changing consumer preferences to gain momentum in the recovering market.

 

Europe Region holds major share of Agar Market

Europe is the largest regional market for agar globally in terms of value. The region accounted for over 35% share of the overall market revenue in 2024 led by countries like Germany, Italy, UK and France. This is attributed to strong presence of food processing industry and increasing consumption of packaged foods, dietary supplements and cosmetics using agar extracts in the region. The agar production is concentrated in Russia and Nordic countries in Europe.

 

Asia Pacific emerges as the fastest growing regional market for Agar

Asia Pacific region is poised to be the fastest growing market for agar during the forecast period. This can be accredited to surging demand from countries like China, India, Japan and South Korea. The growth in Asia Pacific is driven by robust economic development, rising population, growing health consciousness and expanding food retail sector in the region. Additionally, considerable agar production from Indonesia and Philippines further strengthens the regional market.


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