Global Agar-Agar Market Size Was Anticipated at USD 564.1 Million by 2035 | CAGR of 4.1%

Global Agar-Agar Market Size was anticipated at USD 564.1 Million by 2035

According to a research report published by Spherical Insights & Consulting, the Global Agar-Agar Market size is estimated to grow from USD 362.4 million in 2024 to USD 564.1 million by 2035, at a CAGR of 4.1% during the forecast period 2025-2035.

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Agar-Agar Market Size, Share, and COVID-19 Impact Analysis, By Type (Powder, Strips, and Flakes), By Product (Food Grade, Pharmaceutical Grade, and Industrial Grade), By Application (Food & Beverage, Pharmaceuticals, Cosmetics, Biotechnology, and Textiles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Detailed Report Decription Here : https://www.sphericalinsights.com/reports/agar-agar-market

Agar-agar is a natural, plant-based hydrocolloid extracted from red algae, widely used as a gelling, thickening, and stabilizing agent in food, pharmaceutical, and biotechnology applications. In the food industry, it serves as a gelatin alternative in confectionery, bakery, dairy, desserts, and vegan products. Market growth is driven by rising consumer preference for natural, clean-label ingredients, increasing numbers of vegan and vegetarian consumers, and growing demand for processed food and pharmaceuticals. Developing regions offer opportunities due to urbanization, higher disposable incomes, and awareness of plant-based alternatives. Additionally, agar-agar supports microbiological culture media in pharmaceuticals and biotechnology, further fueling global market expansion. The agar-agar market is challenged by seasonal red algae harvesting, causing unpredictable raw material supply.

The powder segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the agar-agar market is divided into powder, strips, and flakes. Among these, the powder segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The powder segment dominated the agar-agar market growth due to its ease of use, longer shelf life, precise dosing, and widespread application across food, pharmaceutical, and biotechnology industries, driving strong demand globally.

The food grade segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the product, the agar-agar market is divided into food grade, pharmaceutical grade, and industrial grade. Among these, the food grade segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The food-grade segment accounted for the largest growth in the agar-agar market, driven by high demand in confectionery, bakery, dairy, and plant-based products, supported by rising consumer preference for clean-label, natural ingredients.

The food & beverage segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the agar-agar market is divided into food & beverage, pharmaceuticals, cosmetics, biotechnology, and textiles. Among these, the food & beverage segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The food & beverage segment accounted for the highest market growth in the agar-agar market, driven by increasing use in desserts, dairy, confectionery, and plant-based products amid rising demand for natural, clean-label ingredients.

Asia Pacific is expected to hold the majority share of the global agar-agar market during the forecast period.

Asia Pacific is expected to hold the majority share of the global agar-agar market during the forecast period. Asia Pacific is expected to hold the majority share of the global agar-agar market, driven by abundant red seaweed resources, strong production capacity in countries like China, Indonesia, and Japan, rising demand from food, pharmaceutical, and biotechnology industries, and supportive government initiatives.

North America is anticipated to grow at the fastest pace in the global agar-agar market during the forecast period. North America is expected to grow fastest in the global agar-agar market, driven by rising demand for plant-based, clean-label ingredients, expanding processed food and pharmaceutical sectors, and increasing consumer preference for natural, sustainable, and vegan products, especially in the United States.

Major vendors in the global agar-agar market are CP Kelco, Himedia Laboratories, Ingredion Incorporated, Agarmex, Industrias Roko, Qingdao Global Seaweed Group, Marine Science Co., Ltd, PT. Agarindo Bogatama, Meron Group, Asahi & Co., GINO BIOTECH, Hispanagar, PT Kappa Carrageenan Nusantara, Orient Resources Company, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In February 2024, Ingredion Incorporated launched NOVATION Indulge 2940 starch, the first non-GMO functional native corn starch for clean-label applications. It delivers unique gelling and co-texturizing properties for dairy, alternative dairy products, and desserts, expanding Ingredion’s portfolio of specialty ingredients for the food and beverage industry.

• In October 2022, CP Kelco and biotechnology startup ExoPolymer, Inc. partnered to develop and commercialize innovative polysaccharide-based functional ingredients. The collaboration targets the personal care industry and other sectors, aiming to advance nature-based solutions and expand applications of new biopolymer technologies globally.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the agar-agar market based on the below-mentioned segments:

Global Agar-Agar Market, By Type

• Powder
• Strips
• Flakes

Global Agar-Agar Market, By Product

• Food Grade
• Pharmaceutical Grade
• Industrial Grade

Global Agar-Agar Market, By Application

• Food & Beverage
• Pharmaceuticals
• Cosmetics
• Biotechnology
• Textiles

Global Agar-Agar Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 
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