Global Agar Market Analysis and Opportunity Assessment 2018 2024
Bharat Book Bureau Provides the Trending Market Research Report on "Global Agar Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024"under Chemical & Materials Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Agar Market to reach USD 268.58 million in 2016 and is expected to reach USD 338.17 million by 2022.
Global Agar Market 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.
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Scope of the Report:
The global Agar market was valued at USD 268.58 million in 2016 and is expected to reach USD 338.17 million by 2022.
The technical barriers of Agar are relatively high, resulting in high level concentration degree. The key companies in Agar market are Green Fresh Group, 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.
The worldwide market for Agar is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 350 million US$ in 2024, from 280 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Agar in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers:
Green Fresh Group
Shantou Chenghai District Agar Glue Factory
Fuli Agar Factory
Mingfu Fujian Agar Co.
Fujian Global Ocean Biotechnology
Fujian Wuyi Feiyan Agar
Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers:
Wild Harvest Gelidium Agar
Aquafarm Gelidium Agar
Wild Harvest Gracilaria Agar
Aquafarm Gracilaria Agar
Other Wild Harvest Agar
Other Aquafarm Agar
Market Segment by Applications, can be divided into:
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by: Prachiti Sharma