Asia Pacific 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)

The Asia Pacific Agar-Agar market value is expected to reach US$ 181,423.10 thousand by 2028 from US$ 125,902.84 thousand in 2021. The market is estimated to grow at a CAGR of 5.4% during 2021–2028.

Manufacturers of Agar-Agar are significantly investing in research and development to develop new products and improve existing products. These companies are adopting product innovation strategies to differentiate their brands from competitor brands and boost their revenues by fulfilling the majority of requirements of potential consumers. For instance, in July 2019, Gelita AG developed Agar-Agar sheets that contain pure Agar-Agar. Previously, plant-based Agar-Agar was only available in powder form, typically in combination with other gelling agents. Further, Gelita AG produced Agar-Agar sheets by employing a novel production method; the product outperforms powdered or flaked Agar-Agar in various ways. Each sheet has a precise and consistent gelling strength, making it easy to use in various recipes. Such innovations are projected to offer lucrative growth opportunities to the Asia Pacific Agar-Agar market players over the forecast period. The Asia Pacific Agar-Agar market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Agar-Agar Revenue and Forecast to 2028 (US$ Thousand)

Asia Pacific Agar-Agar Market Segmentation    

The Asia Pacific Agar-Agar market is segmented on the basis of form, application, and country. Based on form, the market is segmented into flask, powder, and others. The powder segment dominated the Asia Pacific Agar-Agar market in 2020. Based on application, the Asia Pacific Agar-Agar market is segmented into food & beverages, pharmaceutical & nutraceutical, and others. The food & beverages segment held the largest share of the market in 2020.Based on Country, The Asia Pacific Agar-Agar market segmented into China, India, South Korea, Japan, Australia and Rest of Asia Pacific. The China is dominated the Asia Pacific Agar-Agar market in 2020.

Gino Biotech,CV. Agar SARI Jaya,P.T AGAR Swallow, Hugestone Enterprise CO.LTD, JUSTCHEM International, Meron Group,Pt. agarindo Bogatama, Pt kappa carrageenan Nusantara, Pt Surya indoalgas and Rolands food  are among the leading companies in the Asia Pacific Agar-Agar market.

1. Gino Biotech.
2. CV. Agar SARI Jaya.
3. P.T AGAR Swallow.
4. Hugestone Enterprise CO.LTD.
5. JUSTCHEM International.
6. Meron Group.
7. Pt. agarindo Bogatama.
8. Pt kappa carrageenan Nusantara.
9. Pt Surya indoalgas.
10. Rolands food.

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