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.
Browse full research report on Global
Agar-Agar Gum Market: http://www.grandviewresearch.com/industry-analysis/global-agar-agar-gum-market
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.
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
- U.S
- Europe
- Norway
- France
- Spain
- Asia Pacific
- China
- Japan
- South Korea
- Middle East and Africa
- Central & South America
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: www.grandviewresearch.com
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