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Global Agar-agar Gum Market 2017-2021

Global Agar-agar Gum Market 2017-2021

About Agar-agar Gum

Agar-agar gum, a white and semi-translucent ingredient with no flavor of its own, is a thermoreversible gelling agent that is extracted from the red-purple seaweed. The extracted agar-agar produces a clear jelly, which is rich in iodine and contains traceable minerals. Agar-agar gum is used as a thickening agent in soups, ice creams, fruits preserves, sauces, jelly-based desserts, puddings, and custards. Agar-agar is used as a stabilizing agent and as an anti-tackiness ingredient in cookies, cream shells, chiffon pies, icings, piping gels, pie fillings, and meringues. It prevents sugar from sticking to the wrapper.

Technavio’s analysts forecast the global agar-agar gum market to grow at a CAGR of 4.34% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global agar-agar gum market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of agar-agar gum in key geographical regions, which are segmented as the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Agar-agar Gum Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • MARINE SCIENCE
  • Meron
  • New Zealand Manuka Group
  • TIC Gums
Other prominent vendors
  • Agar del Pacifico
  • Algas Marinas
  • Asahi & Co.
  • Hispanagar
  • Iberagar
  • INDUSTRIAS ROKO
  • Proagar
  • P.T. Agarindo Bogatama
  • SETEXAM
  • Sobigel
Market driver
  • Growing demand from baking and confectionery industry
  • For a full, detailed list, view our report
Market challenge
  • Price fluctuations
  • For a full, detailed list, view our report
Market trend
  • Technological advancements
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Agar-agar Gum Market 2017-2021

Technavio recognizes the following companies as the key players in the global agar-agar gum market: MARINE SCIENCE, Meron, New Zealand Manuka Group, and TIC Gums.

Other Prominent Vendors in the market are: Agar del Pacifico, Algas Marinas, Asahi & Co., Hispanagar, Iberagar, INDUSTRIAS ROKO, Proagar, P.T. Agarindo Bogatama, SETEXAM, and Sobigel.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advancements. Technological improvements, such as the introduction of metal scrappers, have helped the agar-agar gum industry to harvest large quantities of seaweed with less effort. New methods and processes have been introduced to extract agar-agar from seaweed, along with other techniques for cleaning, pretreatment, filtration and gelation, and dewatering.”

According to the report, one driver in the market is growing demand from baking and confectionery industry. Bakery and confectionery products include products that are jellified for a prolonged shelf life and appealing look. The latter is vital because visual appeal plays an important role in the purchase decision of consumers, especially in the bakery industry. Agar-agar gum prevents the products from sticking and makes them more palatable. The availability of a variety of agar-agar gum in the market is driving its growth. For instance, Japan-based MARINE SCIENCE offers agar-agar gum that is suitable for baked products such as sweet dough buns and loaves, croissants, and pastries.

Further, the report states that one challenge in the market is price fluctuations. Fluctuations in the prices of agar-agar are generally very high, and there is a scarcity of algae from which agar-agar is made. The produce and yield that is obtained from the base raw material, seaweeds, is extremely limited, while its supply is also constrained. For instance, US-based Thermo-Fischer Scientific has halted the supply of two agar-agar varieties, technical LP0013 and bacteriological LP0011, on a temporary basis, to maintain the supply of manufactured dehydrated culture media (DCM) to customers.

Companies Mentioned

MARINE SCIENCE, Meron, New Zealand Manuka Group, and TIC Gums, Agar del Pacifico, Algas Marinas, Asahi & Co., Hispanagar, Iberagar, INDUSTRIAS ROKO, Proagar, P.T. Agarindo Bogatama, SETEXAM, and Sobigel.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Key stages of agar-agar production process
  • Market landscape
    • Market overview
      • Table Global agar-agar gum market: An overview
    • Global agar-agar gum market
      • Table Global agar-agar gum market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global agar-agar gum market by application
      • Table Global agar-agar gum market by application 2016 and 2021 (% share of revenue)
      • Table Growth outlook for global agar-agar gum market by application 2016-2021
    • Global agar-agar gum market for confectionery products
      • Table Global agar-agar gum market for confectionery products 2016-2021 ($ millions)
    • Global agar-agar gum market for bakery products
      • Table Global agar-agar gum market for bakery products 2016-2021 ($ millions)
    • Global agar-agar gum market for meat products
      • Table Global agar-agar gum market for meat products 2016-2021 ($ millions)
    • Global agar-agar gum market for microbiological and molecular applications
      • Table Global agar-agar gum market for microbiological and molecular applications 2016-2021 ($ millions)
    • Global agar-agar gum market for other applications
      • Table Global agar-agar gum market for other applications 2016-2021 ($ millions)
  • Geographical segmentation
    • Global agar-agar gum market by geography
      • Table Global agar-agar gum market by geography 2016 and 2021 (% share of revenue)
      • Table Growth outlook for global agar-agar gum market by geography 2016-2021
    • Agar-agar gum market in EMEA
      • Table Agar-agar market in EMEA 2016-2021 ($ millions)
    • Agar-agar gum market in the Americas
      • Table Agar-agar gum market in the Americas 2016-2021 ($ millions)
    • Agar-agar gum market in APAC
      • Table Agar-agar gum market in APAC 2016-2021 ($ millions)
      • Table Top bakery products by revenue in APAC 2015 ($ millions)
  • Key leading countries
    • US
    • Japan
    • Spain
    • China
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Technological advancements
    • Rise in demand for vegetarian and vegan foods
    • New product development and applications
  • Competitive analysis
    • Competitive scenario
    • Competitive positioning assessment
      • Table Competitive positioning matrix for global agar-agar gum manufacturers 2016
    • MARINE SCIENCE
      • Table MARINE SCIENCE: Product portfolio
    • Meron
      • Table meron: Product portfolio
    • New Zealand Manuka Group
      • Table New Zealand Manuka Group: Product portfolio
    • TIC Gums
      • Table TIC Gums: Product portfolio
    • Other prominent market players
  • Appendix
    • List of abbreviations
  • Explore Technavio

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