Los Angeles, CA -- (SBWire) -- 04/24/2019 --Agar or agar-agar is a jelly-like substance, obtained from algae. Agar is derived from the polysaccharide agarose, which forms the supporting structure in the cell walls of certain species of algae, and which is released on boiling. These algae are known as agarophytes and belong to the Rhodophyta (red algae) phylum. Agar is actually the resulting mixture of two components: the linear polysaccharide agarose and a heterogeneous mixture of smaller molecules called agaropectin.

The global Agar market was valued at USD 268.58 million in 2016 and is expected to reach USD 338.17 million by 2022.

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The technical barriers of Agar are relatively high, resulting in high level concentration degree. The key companies in Agar market are Green Fresh Group, Kingyen, Shantou Chenghai District Agar Glue Factory, Huey shying, Fuli Agar Factory, Mingfu Fujian Agar Co., Marine Hydrocolloids, ROKO, Agarmex, etc. And the enterprises are concentrated in China. China is the largest producer, occupied about 62% production.

According to customer types, Agar is widely used in Food Industry, Pharmaceutic, Cosmetics, Daily Chemical and Scientific Research. In 2016, Agar for Food Industry occupied more than 57% of total amount. With the improvement of living standards and global higher scientific research investment from government, enterprises, research institutions, schools, etc. the demand for Agar is expected to increase during the remaining years of the forecast period of 2017-2022. Agar industry will usher in a stable growth space.

However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Agar. Therefore, to some extent, the companies face the risk of profit decline.

The global Agar market was 280 million US$ in 2018 and is expected to 380 million US$ by the end of 2025, growing at a CAGR of 4.0% between 2019 and 2025.

This report studies the Agar market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Agar in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Green Fresh Group

Kingyen

Shantou Chenghai District Agar Glue Factory

Huey shyang

Fuli Agar Factory

Mingfu Fujian Agar Co.

Marine Hydrocolloids

ROKO

Agarmex

Hispanagar

Sobigel

B&V Agar

Iberagar

Global BioIngredients

Fujian Global Ocean Biotechnology

Taike Biotechnology

Agar Brasileiro

Fujian Wuyi Feiyan Agar

By the product type, the market is primarily split into

Wild Harvest Gelidium Agar

Aquafarm Gelidium Agar

Wild Harvest Gracilaria Agar

Aquafarm Gracilaria Agar

Other Wild Harvest Agar

Other Aquafarm Agar

By the end users/application, this report covers the following segments

Food Industry

Pharmaceutic

Cosmetics

Daily Chemical

Scientific Research

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