Agar-Agar is a hydrocolloid extracted from red seaweed. The European food & beverages industry is growing at a rapid pace. People prefer consuming convenience food products due to their hectic lifestyles, busy work schedules, and high disposable incomes. The on-the-go consumption of food and beverages helps them cut down the time required for preparing food and plating it at home. Further, consumers prefer clean and natural ingredients owing to growing concerns related to the ill effects of chemical food additives in a long term. Agar-Agar is a 100% natural and plant-based ingredient that fits into consumers' clean-label requirements. The food & beverage industry's significant growth and rising use of agar-agar in various food products and beverages, such as bakery products, candies, jellies, jam and marmalades, and dairy and frozen desserts, are driving the growth of the Europe Agar-Agar market. The Europe Agar-Agar market in this region is expected to grow at a notable CAGR during the forecast period.
Europe Agar-Agar Market Segmentation
The Europe 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 Europe Agar-Agar market in 2020. Based on application, the Europe 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 Europe Agar-Agar market segmented into Germany, Italy ,France, Russia, UK and Rest of Europe. The Rest of Europe segment is dominated the Europe Agar-Agar market in 2020.
P.T AGAR Swallow, Hugestone Enterprise CO.LTD, JUSTCHEM International, Meron Group,Pt. agarindo Bogatama, Pt Surya indoalgas, Rolands food and CV. Agar Sari Jaya are among the leading companies in the Europe Agar-Agar market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 89,329.52 thousand |
| Market Size by 2028 | US$ 128,039.05 thousand |
| CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Agar-Agar Market is valued at US$ 89,329.52 thousand in 2021, it is projected to reach US$ 128,039.05 thousand by 2028.
As per our report Europe Agar-Agar Market, the market size is valued at US$ 89,329.52 thousand in 2021, projecting it to reach US$ 128,039.05 thousand by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The Europe Agar-Agar Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Agar-Agar Market report:
The Europe Agar-Agar Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Agar-Agar Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Agar-Agar Market value chain can benefit from the information contained in a comprehensive market report.
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