South 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) Market
South 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) Market
The South America Agar-Agar market value is expected to reach US$ 27,518.98 thousand by 2028 from US$ 19,484.19 thousand in 2021. The regional market is estimated to grow at a CAGR of 5.1% during 2021–2028.
The trend of veganism is growing rapidly in South America. People prefer food products containing ingredients sourced from plants due to increasing awareness regarding animal protection and environmental sustainability. According to data published by Veganuary, a nonprofit organization encouraging individuals to go vegan for the whole month of January, ~400,000 people in South America signed up for the Veganuary Campaign in 2020. Thus, with the growing trend of veganism and increasing demand for plant-based food products, the South America Agar-Agar market is expected to grow at a good CAGR during the forecast period.
South America Agar-Agar Revenue and Forecast to 2028 (US$ Thousand)
South America Agar-Agar Market Segmentation
The South 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 South America Agar-Agar market in 2020. Based on application, the South America Agar-Agar market is segmented into food & beverages, pharmaceutical & nutraceutical, and others. The food & beverages segment dominated the South America Agar-Agar market 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.
South 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) Market Strategic Insights
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South 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)Market Segmentation Analysis
South 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)Market Report Highlights
South 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)Report Scope
Report Attribute
Details
Market size in 2021
US$ 19,484.19 thousand
Market Size by 2028
US$ 27,518.98 thousand
CAGR (2021 - 2028)
5.1%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Form
Flakes
Powder
By Application
Food & Beverages
Pharmaceuticals & Nutraceuticals
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Hugestone Enterprise CO.LTD.
JUSTCHEM International.
Meron Group.
Pt Surya indoalgas.
Rolands food.
Get more information on this report
South 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) Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South 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) Market
Hugestone Enterprise CO.LTD.
JUSTCHEM International.
Meron Group.
Pt Surya indoalgas.
Rolands food.
Frequently Asked Questions
How big is the South 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) Market?
The South 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) Market is valued at US$ 19,484.19 thousand in 2021, it is projected to reach US$ 27,518.98 thousand by 2028.
What is the CAGR for South 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) Market by (2021 - 2028)?
As per our report South 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) Market, the market size is valued at US$ 19,484.19 thousand in 2021, projecting it to reach US$ 27,518.98 thousand by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
What segments are covered in this report?
The South 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) Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for South 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) Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South 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) Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in South 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) Market?
The South 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) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Hugestone Enterprise CO.LTD.
JUSTCHEM International.
Meron Group.
Pt Surya indoalgas.
Rolands food.
Who should buy this report?
The South 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) Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
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Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South 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) Market value chain can benefit from the information contained in a comprehensive market report.
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