The global Agar market was valued at 313.19 Million USD in 2021 and will grow with a CAGR of 3.99% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Agar or agar-agar is a jelly-like substance, obtained from algae. Agar is derived from the polysaccharide agarose, which forms the supporting structure in the cell walls of certain species of algae, and which is released on boiling. These algae are known as agarophytes and belong to the Rhodophyta (red algae) phylum. Agar is actually the resulting mixture of two components: the linear polysaccharide agarose and a heterogeneous mixture of smaller molecules called agaropectin.The technical barriers of Agar are relatively high, resulting in high level concentration degree. The key companies in Agar market are Green Fresh , Kingyen, Shantou Chenghai District Agar Glue Factory, Huey shying, Fuli Agar Factory, Mingfu Fujian Agar Co., Marine Hydrocolloids, ROKO, Agarmex, etc. And the enterprises are concentrated in China. China is the largest producer, occupied about 62% production. According to customer types, Agar is widely used in Food Industry, Pharmaceutic, Cosmetics, Daily Chemical and Scientific Research. In 2016, Agar for Food Industry occupied more than 57% of total amount. With the improvement of living standards and global higher scientific research investment from government, enterprises, research institutions, schools, etc. the demand for Agar is expected to increase during the remaining years of the forecast period of 2017-2022. Agar industry will usher in a stable growth space. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Agar. Therefore, to some extent, the companies face the risk of profit decline.

By Market Verdors:

Green Fresh

Kingyen

Shantou Chenghai District Agar Glue Factory

Huey shyang

Fuli Agar Factory

Mingfu Fujian Agar Co.

Marine Hydrocolloids

ROKO

Agarmex

Hispanagar

Sobigel

B&V Agar

Iberagar

Global BioIngredients

Fujian Global Ocean Biotechnology

Taike Biotechnology

Agar Brasileiro

Fujian Wuyi Feiyan Agar

By Types:

Wild Harvest Gelidium Agar

Aquafarm Gelidium Agar

By Applications:

Food Industry

Pharmaceutic

Cosmetics

Daily Chemical

Scientific Research

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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