HTF MI recently introduced Global Agar Gum Market study with 123+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Marine Hydrocolloids (India), Agarmex (Mexico), TIC Gums, Inc. (United States), Merck KGaA (SigmaAldrich) (Germany, Neogen Corporation (United States), B&V srl (Italy), DuPont Nutrition & Biosciences (United States), Shreenath Chemicals (India), Myeong Shin Gum Industries Co., Ltd. (South Korea), Credence Agri Commodities Solutions Pvt. Ltd. (India.
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According to HTF Market Intelligence, the Global Agar Gum market to witness a CAGR of xx % during forecast period of 2024-2030. The market is segmented by Application (Confectioneries, Bakery & Pastry, Retail, Microbiological & Molecular, Other) by Type (Powder, Strip, Square) by Distribution Channel (Direct, Distributor) and by Geography (North America, South America, Europe, Asia Pacific, M.
Definition:
Agar-Agar or Agar is a jelly-like substance obtained from red algae. In today’s time, agar gum is highly adopted as a vegan alternative of gelatin. Agar is widely used as a primary ingredient in dairy products and bakery & confection gel. Agar delivers a set texture and firmness to bakery glazes and icings that are applied warm to donuts and pastries. However, at low usage levels, Agar is also used to aid in suspension in UHT-processed shelf-stable beverages because of its limited interaction with other functional ingredients.
Market Trends:
- Growing Development of New Products and Increasing Investment in R&D Activities by the Key Players
Market Drivers:
- The Inclination towards the Plant-based Alternative of Gelatin Due to Growing Vegan Population
- Rise in Need of Agar Gums to Stabilize Bakery Fillings and in Formation of Bakery and Confection Gel Due to High Thermal Stability
Market Opportunities:
- High Application of Agar Gum in Milk-based Desserts and Dairy Products in Asia Pacific Region
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Agar Gum market segments by Types: Powder, Strip, Square
Detailed analysis of Agar Gum market segments by Applications: Confectioneries, Bakery & Pastry, Retail, Microbiological & Molecular, Other
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Agar Gum Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Agar Gum Market:
Chapter 01 – Agar Gum Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Agar Gum Market – Pricing Analysis
Chapter 05 – Global Agar Gum Market Background or History
Chapter 06 — Global Agar Gum Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Agar Gum Market
Chapter 08 – Global Agar Gum Market Structure & worth Analysis
Chapter 09 – Global Agar Gum Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Agar Gum Market Research Methodology
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