Market Size of North America Agar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.61 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Agar Market Analysis
North America agar market is projected to grow at a CAGR of 4.61% during the forecast period, 2020 - 2025.
- Increasing demand for natural ingredients coupled with the rising inclination of consumers towards vegan/vegetarian products are factors expected to support the growth of the North American agar market over the forecast period. The increasingly health-conscious populace is showing more inclination toward healthier substitutes.
- Agar owing to its ability to absorbs glucose in the stomach draws the attention of manufacturers willing to formulate weight-managing food products. The product passes through the digestive system quickly and inhibits the body from retaining and storing excess fat, thereby aiding in weight loss.
