Agar Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026

Agar Market: Global Industry Analysis and Opportunity
Assessment, 2016 - 2026
Report Description
In this report analyses the global agar market for the period
2016–2026. The primary objective of the report is to offer
updates on the advancements in the global agar market.

Increasing demand for natural ingredient coupled with rising
inclination of consumers towards halal/kosher products are
factors expected to support the growth of global agar market
over the forecast period. Increasing usage of agar powder for
cosmetic and medicinal purposes is likely to fuel growth of
the market over the next few years.
In the next section, FMI analyses the performance of the agar
market on the basis of the global market revenue and volume
split, since this is essential in understanding the future
growth potential of the market. This section also includes
FMI’s analysis of the key trends, drivers and restraints and
opportunities that are influencing market growth currently.

Impact analysis of the key growth drivers and restraints,
based on the weighted average model, is included in the
report across all regions to equip and arm clients with crystal
clear decision-making insights.
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As highlighted earlier, the agar market is an aggregation of
application (including food & beverages, bacteriological,
technical applications and others), form (includes strips and
powders). All these segments are included in this section to
make the study more comprehensive.

Furthermore, food & beverages segment is sub-segmented as
bakery, confectionery, dairy, canned meat/poultry products,
beverages, sauces, creams & dressings, dietetic products and
others. In addition bacteriological is further sub-segmented as
culture media and microbiology. While, technical application
is sub-segmented as cosmetology and medical applications.
The next section of the report includes analysis of the agar
market by region. It provides a market outlook for 2016–
2026 and sets the forecast within the context of the agar
market. This study discusses the key regional trends
contributing to growth of the agar market on a worldwide
basis, as well as analyses the degree at which the global
drivers are influencing this market in each region. Key

egions assessed in this report include North America, Latin
America, Western Europe, Eastern Europe, Asia Pacific
Excluding Japan (APEJ), Japan as a separate region and the
Middle East and Africa (MEA).
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All the above sections, by application, by form and by region
evaluate the present scenario and the growth prospects in the
agar market for the period 2016–2026. We have considered
2014 as the base year and provided data for the trailing 12
months.

To calculate the agar market size, we have considered the
overall revenue generated from sales of agar across the
various regions. The forecast presented here assesses the total
revenue, by value, generated across the agar market. In order
to offer an accurate forecast, we started by sizing the current
market, which forms the basis of how the agar market would
develop in the future. Given the characteristics of the
market, we triangulated the outcome on the basis of three
different types of analyses, based on supply side, consumer
spending and economic envelope. However, forecasting the
market in terms of various agar segments and regions is more
a matter of quantifying expectations and identifying
opportunities rather than rationalizing them after the forecast
has been completed.

It is imperative to note that in an ever-fluctuating global
economy, we not only conduct forecasts in terms of CAGR,
but also analyze on the basis of key parameters, such as
Year-on-Year (Y-o-Y) growth, to understand the predictability
of the market and to identify the right opportunities in the
agar market.
Another key feature of this report is the analysis of all key
agar market segments and sub-segments, regional adoption,
revenue forecast in terms of absolute dollar and volume
forecast in terms of absolute unit. This is traditionally
overlooked while forecasting the market. However, absolute
dollar and unit opportunity are critical in assessing the level

of opportunity that a provider can look to achieve, as well as
to identify potential resources, from a sales and delivery
perspective, present in the agar market.
In order to understand the key segments in terms of growth
and adoption of agar across the concerned regions, FMI has
developed the agar market attractiveness index, which should
help clients identify the real market opportunities.
In the final section of the report, the agar market
competitive landscape is included to provide report audiences
with a dashboard view, based on various categories of
providers present in the market value chain, their agar
product portfolio and key differentiators in the market. Key

categories of providers covered in the report are agar
providers. This section is primarily designed to provide
clients with an objective and detailed comparative assessment
of key providers specific to a segment in the agar market
value chain. Report audiences can gain segment-specific
vendor insights to identify and evaluate key competitors
based on the in-depth assessment of their capabilities and
success in the agar market place. Detailed profiles of the
providers are also included in the scope of the report to
evaluate their long-term and short-term strategies, key
offerings and recent developments in the agar market space.
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