The Middle East & Africa Agar-Agar market value is expected to reach US$ 23,430.18 thousand by 2028 from US$ 17,574.61 thousand in 2021. The regional market is estimated to grow at a CAGR of 4.2% from 2021 to 2028. The trend of veganism is growing rapidly across the Middle East & Africa. People prefer plant-based foodstuffs due to increasing awareness regarding animal protection and environmental sustainability. Thus, with the growing trend of veganism and increasing demand for plant-based food products, the Middle East & Africa Agar-Agar market is expected to grow at a notable CAGR during the forecast period.
Middle East & Africa Agar-Agar Market Segmentation
The Middle East & Africa 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 Middle East & Africa Agar-Agar market in 2020. Based on application, the Middle East & Africa 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 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 17,574.61 thousand |
| Market Size by 2028 | US$ 23,430.18 thousand |
| CAGR (2021 - 2028) | 4.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Agar-Agar Market is valued at US$ 17,574.61 thousand in 2021, it is projected to reach US$ 23,430.18 thousand by 2028.
As per our report Middle East & Africa Agar-Agar Market, the market size is valued at US$ 17,574.61 thousand in 2021, projecting it to reach US$ 23,430.18 thousand by 2028. This translates to a CAGR of approximately 4.2% during the forecast period.
The Middle East & Africa 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 Middle East & Africa Agar-Agar Market report:
The Middle East & Africa Agar-Agar Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Agar-Agar Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Agar-Agar Market value chain can benefit from the information contained in a comprehensive market report.
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