Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
The global agar market size is projected to grow at a CAGR of 5.60% between 2024 and 2032. The market is being driven by the expansion of the food and beverage sector and the robust growth of the pharmaceutical sector.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In 2022, the European Union produced 3.2 billion liters of ice cream, reflecting a 5% increase compared to the previous year. The inclusion of agar in ice cream formulations enhances texture and consistency, thereby contributing to the overall market revenue.
- As per the industry reports, the global demand for medicines is projected to increase to USD 1.9 trillion by the year 2027.
- Agar wood is witnessing significant demand globally as a raw material for incense, perfumes, and medicinal applications, with the Middle East and East Asia being the primary regions of consumption.
| Global Agar Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.6% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 6.4% |
| CAGR 2024-2032 - Market by Country | India | 7.3% |
| CAGR 2024-2032 - Market by Country | China | 6.1% |
| CAGR 2024-2032 - Market by Industry Vertical | Biotechnology | 6.3% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 8.9% |
| Market Share by Country 2023 | Germany | 4.5% |
Global Agar Market Growth
The net cumulative pharmaceutical market is projected to increase by USD 500 billion from 2020 to 2027. The highest growth in pharmaceutical volume is anticipated in Latin America, Asia, and Africa. Agar is a crucial component in the pharmaceutical sector, primarily utilised as a culture medium in microbiology. Its distinctive gelling characteristics make it suitable for the cultivation of bacteria, fungi, and other microorganisms for research, quality assurance, and diagnostic applications. The stability of agar across a broad temperature range ensures dependable growth conditions for sensitive microbiological assessments. Furthermore, agar is employed in the production of capsules, offering a vegan-friendly substitute for animal-derived gelatin, thus addressing the increasing demand for plant-based alternatives in pharmaceuticals and dietary supplements.
As per the agar market analysis, in 2022, the global fast-food sector achieved a significant milestone, with sales totalling USD 731.65 billion, indicating a strong growth trend anticipated to persist until 2031. Within the fast-food sector, agar is being utilised more frequently as a natural thickening and stabilising agent, particularly in sauces, dressings, and desserts. It imparts a smooth, gel-like consistency to products such as jelly toppings, frozen desserts, and vegan options. As a plant-derived alternative, agar meets the increasing demand for healthier, vegetarian choices, thereby improving product stability and attractiveness in the fast-food market.
Compound Annual Growth Rate
Value in
5.6%
2024-2032
Agar Market Outlook
*this image is indicative*
Key Trends and Developments
The agar market growth can be attributed to the rising demand for agar in the food sector, the increasing preference for vegan and vegetarian diets, the rising application of agar in the cosmetics sector, and the expansion of the pharmaceutical sector
Rising Demand for Agar in the Food Sector
One of the notable agar market trends is the expansion of the food sector. The gelling, thickening, and stabilising characteristics of agar render it highly sought after in various food applications, including jellies, candies, and desserts, thereby propelling its demand within the food processing sector.
Increasing Vegan and Vegetarian Demographics
Agar serves as a plant-based alternative to gelatin, gaining traction among vegan and vegetarian consumers, which results in heightened incorporation into food products designed for these dietary choices.
Expansion of the Pharmaceutical Sector
Agar is extensively utilised in the pharmaceutical sector for the production of capsules and microbiological culture media. This contributes to increased demand as the pharmaceutical sector experiences robust growth.
Increasing Utilisation of Agar in the Cosmetic Sector
Due to its thickening and stabilising properties, agar is well-suited for cosmetic formulations, enhancing its application in creams, lotions, and masks, in alignment with the growth trends observed in the beauty sector.
Global Agar Market Trends
The agar market is experiencing robust growth, primarily fuelled by the increasing demand for natural, plant-derived gelling agents across multiple sectors. In the food and beverage sector, agar is gaining traction as a vegan-friendly substitute for gelatin, reflecting the rising consumer inclination towards plant-based diets. The pharmaceutical and biotechnology sectors also play a crucial role, utilising agar as a culture medium for microbiological purposes. Furthermore, the cosmetic sector utilises agar for its thickening and stabilising attributes in skincare formulations. Current market trends indicate a movement towards sustainable and eco-conscious ingredients, enhancing agar’s status as a natural, biodegradable choice. Advances in extraction techniques and product innovation, including the introduction of flavoured and coloured agar variants, are further broadening agar’s applications and global appeal.
Global Agar Industry Segmentation
The EMR’s report titled “Global Agar Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Form
- Strips
- Powder
- Flakes
- Others
Breakup by Industry Vertical
- Food and Beverage
- Pharmaceutical
- Biotechnology
- Cosmetics
- Healthcare
- Others
Breakup by Distribution Channel
- Online
- Offline
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Agar Market Share
Based on the distribution channel, the market is segmented into offline and online. The online segment is projected to grow at a CAGR of 8.9% during the forecast period of 2024-2032. The expansion of online channels has enhanced the accessibility of agar, enabling consumers and businesses worldwide to conveniently acquire agar-based products.
| CAGR 2024-2032 - Market by | Country |
| India | 7.3% |
| China | 6.1% |
| USA | 4.9% |
| Australia | 4.4% |
| France | 4.3% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
| Italy | 3.9% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Leading Companies in the Global Agar Market
Market players are focusing on sustainable plantation methods to gain a competitive edge in the agar market.
Agarmex, S.A. de C.V.
The company was established in 1944 and is based in Mexico. Agarmex specialises in the production of agar-agar, a hydrocolloid derived from seaweed, which has a wide range of applications in both the food sector and microbiology.
Meron Group
Founded in 1982 and based in Kerala, India, Meron Group is dedicated to the production of agar and various hyd...
HISPANAGAR S.A.
Founded in 1949 and headquartered in Burgos, Spain, HISPANAGAR S.A. is a prominent manufacturer of agar. The c...
PT. Agarindo Bogatama
Established in 1988 and situated in Jakarta, Indonesia, PT. Agarindo Bogatama is a significant producer of aga...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the agar market are MSC Co.,Ltd., Zhenpai (Fujian) Hydrocolloids Co., Ltd., ROKO, SETEXAM, HiMedia Laboratories Pvt. Ltd., and B&V srl, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 5.60% between 2024 and 2032.
The major drivers of the market are the rising demand for agar in the food sector, the increasing trend of veganism and vegetarianism, and the expansion of the pharmaceutical sector.
As per the EMR report, the different distribution channels in the market are online and offline.
The different industry verticals in the market are food and beverage, pharmaceutical, biotechnology, cosmetics, and healthcare, among others.
The different forms of agar in the market are strips, powder, and flakes, among others.
The major regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are Agarmex, S.A. de C.V., MSC Co.,Ltd., Zhenpai (Fujian) Hydrocolloids Co., Ltd., ROKO, Meron Group, HISPANAGAR S.A., PT. Agarindo Bogatama, SETEXAM, HiMedia Laboratories Pvt. Ltd., and B&V srl, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
|
| Breakup by Industry Vertical |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124