Food & Beverages Segment to Dominate South America Agar-Agar market Forecast to 2028 during 2019–2028
According to a new market research study on the South America Agar-Agar market forecast to 2028 –– by device, application vertical and countries is expected to reach US$ 27,518.98 thousand by 2028 from US$ 19,484.19 thousand in 2021. The market is estimated to grow at a CAGR of 5.1 % from 2021 to 2028. The report provides trends prevailing in the South America 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 South America Agar- Agar market. However, issues associated with limited supply of raw material the growth of South America Agar-Agar market
The South America Agar-Agar market segmented into form, application and country. Based on form the South America Agar-Agar market is segmented into flask, powder and others. The powder segment to dominate South America Agar-Agar market in 2020.Based on application the South America Agar-Agar market segmented into food & beverages, pharmaceutical & neutraceutical and others. The food & beverages segment South America Agar-Agar market Dominated in 2020. Based on country, the South America Agar-Agar market segmented into Brazil, Argentina and Rest of South and Central America. The Brazil is dominated the South America 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 South America 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.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com