Agar Agar Gum Market Detailed Analysis and Forecast upto 2025
Agar-agar belongs to the family of galactan polysaccharides. Galactan polysaccharides are complex linear sugar polymers containing 22 galactose molecules. It is present in the cell walls of Rhodophyceae class of red algae. Agar is produced in several species of marine algae found across the globe. Most commercial agar-agar is extracted from Gelidium and Gracilaria species. Other commonly used species include Pterocladia and Gelidiella.
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Agar Agar Gum Market: Drivers and Restraints
Gelling and thickening properties of agar agar are anticipated to drive the agar agar gum market during the forecast period. The F&B industry is likely to witness an increase in demand for agar agar gum, in the next few years, as a stabilizer and solidifying agent. Agar agar gum is preferred over other polysaccharides due to the large hystersis between the melting and setting temperatures of agar agar gum, an unusual property of a polysaccharide. Agar-agar is primarily utilized in the F&B industry, due to high compatibility of agar agar gum in sugary environment, in order to provide stable structure to concentrated sugary system. Thus, the demand for agar agar gum is expected to rise significantly from sugary food products even after the forecast period. However, rising health concerns (diabetes, high blood pressure, obesity, etc.) due to these processed sugary products are likely to hamper the agar agar gum market in the near future.
Agar Agar Gum Market: Segmentation
Based on form, the agar agar gum market can be segmented into:
Powder
Flakes
Strips
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The powder segment held a prominent share of the agar agar gum market in 2016, due to its increased usage in applications such as bakery & confectionery, jellies, gums, etc. The powdered form of agar agar gum is easy to use and relatively inexpensive, as compared to other forms of agar agar gum.
Agar Agar Gum Market: Region-wise outlook
In terms of geography, the global agar agar gum market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are projected to dominate the agar agar gum market owing to the high consumption of bakery & confectionery products in these regions. The agar agar gum market in Asia Pacific is anticipated to expand at a rapid pace in the next few years. Agar agar gum is primarily utilized in dairy products in the region.
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