Report : Middle East & Africa Agar-Agar Market Forecast to 2028 – COVID-19 Impact and Analysis – by Form (Flakes, Powder, and Others) and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, and Others)
Food & Beverages Segment to Dominate Middle East & Africa Agar-Agar market Forecast to 2028 during 2019–2028
According to a new market research study on the Middle East & Africa Agar-Agar market forecast to 2028 –– by device, application vertical and countries is expected to reach US$ 23,430.18 thousand by 2028 from US$ 17,574.61 thousand in 2021. The market is estimated to grow at a CAGR of 4.2 % from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa Agar-Agar market along with the drivers and restraints pertaining to the market growth. Surging demand for agar-agar in food & beverages industry is the major factor driving the growth of the Middle East & Africa Agar- Agar market. However, issues associated with limited supply of raw material the growth of Middle East & Africa Agar-Agar market.
The Middle East & Africa Agar-Agar market segmented into form, application and country. Based on form the Middle East & Africa Agar-Agar market is segmented into flask, powder and others. The powder segment is dominateds Middle East & Africa Agar-Agar market in 2020.Based on application the Middle East & Africa Agar-Agar market segmented into food & beverages, pharmaceutical & neutraceutical and others. The food & beverages segment Middle East & Africa Agar-Agar market dominated in 2020. Based on country, the Middle East & Africa Agar-Agar market segmented into South Africa, Saudi Arabia, UAE and Rest of Middle East & Africa. The Rest of Middle East & Africa is dominated the Middle East & Africa Agar-Agar market in 2020.
Hugestone Enterprise CO.LTD, JUSTCHEM International, Meron Group, Pt Surya indoalgas and Rolands food are among the leading companies in the Middle East & Africa Agar-Agar market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in dynamic market.
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