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Report Overview

The global agar market size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is being driven by the expansion of the food and beverage sector and the robust growth of the pharmaceutical sector.

2024

Base Year

2018-2024

Historical Year

2025-2034

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 2024
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million XX
Market Size 2034 USD Million XX
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 5.60%
CAGR 2025-2034 - Market by Region Asia Pacific 6.4%
CAGR 2025-2034 - Market by Country India 7.3%
CAGR 2025-2034 - Market by Country China 6.1%
CAGR 2025-2034 - Market by Industry Vertical Biotechnology 6.3%
CAGR 2025-2034 - Market by Distribution Channel Online 8.9%
Market Share by Country 2024 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.

Key Trends and Developments

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 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Form:

  • Strips
  • Powder
  • Flakes
  • Others

Market Breakup by Industry Vertical:

  • Food and Beverage
  • Pharmaceutical
  • Biotechnology
  • Cosmetics
  • Healthcare
  • Others

Market Breakup by Distribution Channel:

  • Online
  • Offline

Market 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 2025-2034. The expansion of online channels has enhanced the accessibility of agar, enabling consumers and businesses worldwide to conveniently acquire agar-based products.

CAGR 2025-2034 - 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 hydrocolloids. The company caters to sectors such as food, pharmaceuticals, and biotechnology, emphasising quality and sustainability in its offerings.

HISPANAGAR S.A.

Founded in 1949 and headquartered in Burgos, Spain, HISPANAGAR S.A. is a prominent manufacturer of agar. The company specialises in high-purity agar production for the food, biotechnology, and microbiology sectors throughout Europe and beyond.

PT. Agarindo Bogatama

Established in 1988 and situated in Jakarta, Indonesia, PT. Agarindo Bogatama is a significant producer of agar with a robust presence in the international market. The company is committed to supplying high-quality agar for applications in the food, pharmaceuticals, and microbiology sectors.

*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.*

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Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 5.60% between 2025 and 2034.

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Form
  • Industry Vertical
  • Distribution Channel
  • Region
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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.
  • B&V srl
  • Others

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