North America 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 North America Agar-Agar market value is expected to reach US$ 99,004.00 thousand by 2028 from US$ 71,366.52 thousand in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

Agar-Agar is a hydrocolloid extracted from red seaweed. It is used as a stabilizer, thickener, and gelling agent in the food industry. The hydrocolloid is mainly used as a vegetarian substitute for gelatin due to its excellent gelling properties and temperature stability. It has a higher melting point than other gelling agents and is commonly available in powder, flakes, and threads format. Agar-Agar improves dough stability, retains moisture, and extends the shelf life of bakery products. It is used in icings, glazes, and pie fillings. It is used as a gelling and thickening agent in candies, jellies, jam and marmalade, and meringues; a clarifying and refining agent in beverages such as beer, fruit juices, and wine; and a stabilizer in dairy products such as yogurt, ice cream, and pudding. It has a low calorific value and can be employed in low-calorie foods and beverages. The North America Agar-Agar market is expected to grow at a notable CAGR during the forecast period.

North America Agar-Agar Revenue and Forecast to 2028 (US$ Thousand)

North America Agar-Agar Market Segmentation

The North America 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 North America agar-agar market in 2020. Based on application, the North America 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 North America agar-agar market is segmented into the US, Mexico, and Canada. The US dominated the market in 2020.

P.T AGAR Swallow, Hugestone Enterprise CO.LTD, JUSTCHEM International, Meron Group, Pt. agarindo Bogatama, Pt Surya indoalgas, and Rolands food are among the leading companies in the North America agar-agar market.

1. P.T AGAR Swallow.
2. Hugestone Enterprise CO.LTD.
3. JUSTCHEM International.
4. Meron Group.
5. Pt. agarindo Bogatama.
6. Pt Surya indoalgas.
7. Rolands food.

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