| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 2.80% |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Agar Market Analysis by Mordor Intelligence
The South America Agar Market is expected to register a CAGR of 2.8% during the forecast period.
- The market is witnessing rapid growth, owing to the wide range of applications it offers due to the gelling and thickening properties. It is majorly used in food and beverage processing, such as bakery, confectionery, meat and poultry preserving, and others. In addition, its preference in over other polysaccharides in the food and beverage manufacturing, especially the sugary food products, due to the high compatibility of agar gum in a sugary environment, in order to provide a stable structure to concentrated sugary system, is fueling the market growth.
- Furthermore, pharmaceutical and microbiological application segments are also estimated to witness an increase in demand for agar-agar gum, as a laxative agent, and culturing media for microorganisms.
- However, the limited production and supply of agar across the region is expected to curb the market growth of agar.
South America Agar Market Trends and Insights
Rising Demand For Vegan Food Ingredients
As there has been significant growth in the people shifting toward veganism across the region, vegan products are on the high rise. Agar, that is considered as a vegetarian alternative to gelatin, has witnessed a significant rise in its demand, as vegans do not use gelatin because it is made from animal bones, skin, and connective tissue. It is used mostly in food products, such as puddings, desserts, jelly candy, soups, sauces, and more. Also, frequent launches of new vegan beverages, such as vegan wine and others.
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Brazil Continue to Dominate the Regional Market
In South America, Brazil holds a significant share in the agar market. This is primarily due to the rising production of agar on the coasts of Brazil. In Brazil, the exploitation of seaweeds for agar production occurs mainly in the northeastern part of the country. Gracilaria of different species is generally harvested in Brazil, mostly in warm waters, that produces a less resistant agar (agarose) to enzymatic hydrolysis. In addition, companies dominating the Brazilian market are highly focused on research and development, which is helping to leverage the emerging opportunities in the forecast period. Also, strategic agreements of domestic players with international distributors to expand its distribution of products in Brazil, such as Agarmex, are thus boosting the Brazilian market.
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Competitive Landscape
The South America agar market is competitive and fragmented in nature, owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the South American market include Agargel, Setexam, TIC Gums Inc., and Meron, among others.
South America Agar Industry Leaders
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Agargel
-
Setexam
-
TIC Gums, Inc.
-
Meron
-
Agar Brasileiro Ind. E.com. Ltda.
- *Disclaimer: Major Players sorted in no particular order
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South America Agar Market Report Scope
The agar market in South America has been segmented by form into strip, powder, and others; and by application into food and beverage, pharmaceuticals, and other applications. The food and beverage are further bifurcated into meat products, bakery confectionery, snacks/instant noodles, dairy, beverages, and other food and beverages. Also, the study provides an analysis of the agar market in the emerging and established markets across South America, including Brazil, Argentina, and the Rest of South America.
By Form
| Strip |
| Powder |
| Other Forms |
By Application
| Food and Beverage |
| Pharmaceuticals |
| Other Applications |
By Country
| Brazil |
| Argentina |
| Rest of South America |
| By Form | Strip |
| Powder | |
| Other Forms | |
| By Application | Food and Beverage |
| Pharmaceuticals | |
| Other Applications | |
| By Country | Brazil |
| Argentina | |
| Rest of South America |
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Key Questions Answered in the Report
What is the current South America Agar Market size?
The South America Agar Market is projected to register a CAGR of 2.8% during the forecast period (2025-2030)
Who are the key players in South America Agar Market?
Agargel, Setexam, TIC Gums, Inc., Meron and Agar Brasileiro Ind. E.com. Ltda. are the major companies operating in the South America Agar Market.
What years does this South America Agar Market cover?
The report covers the South America Agar Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Agar Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South America Agar Market Report
Statistics for the 2025 South America Agar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Agar analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
