Asia-Pacific Agar Market Size

Statistics for the 2023 & 2024 Asia-Pacific Agar market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Agar size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia-Pacific Agar Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Asia-Pacific Agar Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.80 %
Market Concentration Low

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

APAC Agar Market Analysis

The Asia-Pacific agar market is projected to grow at a CAGR of 5.8% during the forecast period (2020 - 2025).

  • The agar market is driven by a growing inclination towards vegan diets, the functional efficiency, the cost competitiveness offered by such plant-sourced food ingredients, and their increasing utilization in a wide variety of processed foods, especially in the bakery and confectionery products as a thickening and stabilizing agent.
  • Key applications of food agar include usage in confectionery, dairy, desserts, bakery, meat products, and beverages. The confectionery segment incorporates the highest usage of agar among other segments in the country.
  • Owing to nutritional attributes of agar such as high fiber, calcium and iron content, the pharmaceutical industry as well as a functional food and beverage industry is incorporating agar in its product offerings. Thus, the varied application and functionality of agar are boosting its growth in the region.

Asia-Pacific Agar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)