Agar Agar Flakes Market
PUBLISHED: 2024 ID: SMRC25494
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Agar Agar Flakes Market

Agar Agar Flakes Market Forecasts to 2030 - Global Analysis By Type (Gelidium Agar Agar Flakes, Gracilaria Agar Agar Flakes and Other Types), Grade (Food, Technical, Preactivate, Bacteriological and Cosmetic and Pharma), Claim (Kosher, Organic, Non-GMO, Vegan and Standard), Form, Distribution Channel, End User and by Geography

4.2 (42 reviews)
4.2 (42 reviews)
Published: 2024 ID: SMRC25494

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $273.28 MN

Projected Year Value (2030)

US $433.12 MN

CAGR (2023 - 2030)

6.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Agar Agar Flakes Market is accounted for $273.28 million in 2023 and is expected to reach $433.12 million by 2030 growing at a CAGR of 6.8% during the forecast period. Agar Agar flakes are made from red seaweed, especially Gelidium and Gracilaria, and are a plant-based gelatin alternative. Moreover, these transparent, flavorless flakes are widely used in vegetarian and vegan cooking due to their extraordinary gelling abilities. With high fiber content and no animal byproducts, agar agar flakes are a versatile thickening agent that can be used in savory dishes as well as desserts and jams. Agar agar flakes have become a vital ingredient for people looking for recipes that don't call for traditional animal-derived gelatin because of their capacity to set at room temperature and tolerate higher temperatures without losing their gel structure.

According to the Environmental Working Group (EWG), Agar Agar production has a lower environmental impact compared to some traditional gelatin sources, aligning with sustainable and eco-friendly culinary practices.

Market Dynamics: 

Driver: 

Growing consumer interest in vegetarian and vegan products

Health-conscious consumers are driving a lifestyle shift in addition to dietary choices with the increase in demand for plant-based substitutes. Agar Agar flakes satisfy the discriminating palates of people adopting vegan and vegetarian diets since they are a sustainable and plant-based gelatin alternative. However, beyond being cruelty-free, Agar Agar's appeal is multifaceted and includes its versatile applications in a wide range of dishes, from plant-based savory creations to vegan desserts.

Restraint:

Production cost consequences

Even though agar agar has many advantages, the process of making it can be labor-intensive, especially when it comes to the extraction and refinement of seaweed. The need for meticulous quality control and the complex harvesting and processing techniques can result in increased production costs. Furthermore, this feature could be a barrier, particularly for smaller growers or in areas with less developed infrastructure for seaweed processing and cultivation.

Opportunity:

Growing uses for alternative and plant-based products

Agar Agar offers a lot of potential given the rising demand for plant-based and alternative food products. Because of its adaptable gelling qualities, it works well with a variety of plant-based substitutes, such as dairy alternatives, meat analogs, and vegan desserts. Additionally, agar agar can be a key component in satisfying consumer preferences for texture, structure, and mouthfeel in these innovations as the market for plant-based products grows.

Threat:

Alternative gelling agent competition

Other gelling agents, both plant-based and synthetic, compete with agar agar. In certain applications, substitutes like pectin, carrageenan, and different modified starches may be more economical and offer distinct functionalities. Moreover, Agar Agar's market share is in danger due to the availability of substitute ingredients. Therefore, it needs to continue innovating and differentiating in order to stay ahead of the competition.

Covid-19 Impact: 

The market for agar agar flakes has been impacted by the COVID-19 pandemic in both short- and long-term ways. Production and distribution have faced difficulties as a result of supply chain disruptions, trade restrictions, and economic uncertainty. Agar Agar has also benefited from changes in consumer behaviour, such as a greater emphasis on health and a rise in the market for plant-based goods in some markets. However, the economic downturn and changed spending habits have affected the market as a whole, highlighting the necessity for the Agar Agar industry to be flexible and strategically planned in order to navigate the changing post-pandemic landscape.

The Food segment is expected to be the largest during the forecast period

The food segment typically holds the largest market share for agar agar flakes. Agar flakes are widely used in the food industry as a vegan and vegetarian substitute for regular gelatin. Agar flakes are used in many food applications, such as desserts, confectionery, dairy products, and as a stabilizing agent in processed foods. They are well-known for their exceptional gelling properties. When it comes to adding textures and structures to food products, chefs and food manufacturers who want to improve the quality and appearance of their offerings often choose to use agar agar. Additionally, the ability of agar agar to satisfy health-conscious consumers, combined with the growing demand for plant-based ingredients, places the food segment as the primary driver of growth in the agar agar flakes market.

The Powder segment is expected to have the highest CAGR during the forecast period

In the Agar Agar Flakes Market, the powder segment is growing at the highest CAGR. Powdered agar's easy handling and broad range of applications in different industries have led to its substantial market share. Powdered Agar Agar is widely used in the food industry due to its uniform dispersion and ease of blending. It is ideal for use in savory and dessert recipes alike. Furthermore, the growth of the powder segment is supported by its application in industries other than food, such as cosmetics, pharmaceuticals, and bacteriological applications, where its solubility and fine texture offer unique benefits.

Region with largest share:

The region with the largest market share for agar agar flakes is the Asia-Pacific region. The historical usage of products derived from seaweed in Asian cuisines, especially in China and Japan, is one of the reasons for this region's dominance. There is a significant market for agar-agar flakes due to the long-standing Asian culinary custom of using agar-based ingredients. Additionally, agar agar and other plant-based substitutes are in high demand because of the region's booming food processing sector and the growing popularity of vegetarian and vegan diets.

Region with highest CAGR:

The market for agar agar flakes is growing at the highest CAGR in North America. The use of agar flakes has increased in the area due to rising plant-based diet awareness and adoption, as well as a growing need for natural and clean-label ingredients. The demand for agar agar as a versatile and sustainable ingredient has been driven by the food industry's emphasis on innovation and product differentiation, as well as a growing interest in diverse culinary experiences. Moreover, the remarkable growth in North America is also attributed to the increased emphasis on health and wellness as well as the use of agar agar in a variety of non-food applications, including medicines and cosmetics.

Key players in the market

Some of the key players in Agar Agar Flakes market include Eden Foods, B&V SRL, GELITA AG, Roland Foods LLC, Neogen Food Safety, Selt Marine Group, TIC Gums, Merck KGaA, Surya Indoalgas and Austrade Inc.

Key Developments:

In December 2023, Neogen’s acquisition of the 3M Food Safety Division in 2022 has resulted in a greater capacity to work with food safety customers across Australia, New Zealand, and the world. It has been just over a year since Neogen, experts in food safety and processing, acquired 3M Food Safety, and in that time the advantages of the merger have become evident. 

In August 2023, Roland Foods, LLC, a portfolio company of Vestar Capital Partners, has acquired ifiGOURMET, a Gurnee, Ill.-based importer and distributor of products for the baking, pastry, confectionery and ice cream industries. Financial terms of the transaction were not disclosed. ifiGOURMET serves more than 1,500 in-store bakery, restaurant chain and foodservice customers across the United States from two distribution centers, located in Chicago and San Francisco.
 
In March 2023, Tunisia - French company SELT Marine Group (SMG), specialising in the processing of algae into food, cosmetic and pharmaceutical products, plans to invest €7 million over the next two years to expand its operations in Tunisia, said the company's CEO, Mounir Boulkout. This expansion should allow the company to employ 20 workers, 30 senior technicians and 20 engineers, he added during a visit by a team from the Foreign Investment Promotion Agency, according to a press release from the latter issued Tuesday.

Types Covered:
• Gelidium Agar Agar Flakes
• Gracilaria Agar Agar Flakes
• Other Types 
 
Grades Covered:
• Food
• Technical
• Preactivate
• Bacteriological
• Cosmetic and Pharma 

Claims Covered:
• Kosher
• Organic
• Non-GMO
• Vegan
• Standard 

Forms Covered:
• Powder
• Flakes
• Strips
• Other Forms 
 
Distribution Channels Covered:
• Direct Sales
• Modern Trade
• Convenience Stores
• Specialty Stores
• Small Groceries
• Online Retail
• Other Distribution Channels 

End Users Covered:
• Food and Beverage
• Healthcare
• Pharmaceuticals
• Nutraceuticals
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary             
              
2 Preface             
 2.1 Abstract            
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology            
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources           
  2.5.2 Secondary Research Sources           
  2.5.3 Assumptions           
              
3 Market Trend Analysis             
 3.1 Introduction            
 3.2 Drivers            
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats            
 3.6 End User Analysis            
 3.7 Emerging Markets            
 3.8 Impact of Covid-19            
              
4 Porters Five Force Analysis             
 4.1 Bargaining power of suppliers            
 4.2 Bargaining power of buyers            
 4.3 Threat of substitutes            
 4.4 Threat of new entrants            
 4.5 Competitive rivalry            
              
5 Global Agar Agar Flakes Market, By Type             
 5.1 Introduction            
 5.2 Gelidium Agar Agar Flakes            
 5.3 Gracilaria Agar Agar Flakes            
 5.4 Other Types            
              
6 Global Agar Agar Flakes Market, By Grade             
 6.1 Introduction            
 6.2 Food            
 6.3 Technical            
 6.4 Preactivate            
 6.5 Bacteriological            
 6.6 Cosmetic and Pharma            
              
7 Global Agar Agar Flakes Market, By Claim             
 7.1 Introduction            
 7.2 Kosher            
 7.3 Organic            
 7.4 Non-GMO            
 7.5 Vegan            
 7.6 Standard            
              
8 Global Agar Agar Flakes Market, By Form             
 8.1 Introduction            
 8.2 Powder            
 8.3 Flakes            
 8.4 Strips            
 8.5 Other Forms            
              
9 Global Agar Agar Flakes Market, By Distribution Channel             
 9.1 Introduction            
 9.2 Direct Sales            
 9.3 Modern Trade            
 9.4 Convenience Stores            
 9.5 Specialty Stores            
 9.6 Small Groceries            
 9.7 Online Retail            
 9.8 Other Distribution Channels            
              
10 Global Agar Agar Flakes Market, By End User             
 10.1 Introduction            
 10.2 Food and Beverage            
 10.3 Healthcare            
 10.4 Pharmaceuticals            
 10.5 Nutraceuticals            
 10.6 Other End Users            
              
11 Global Agar Agar Flakes Market, By Geography             
 11.1 Introduction            
 11.2 North America            
  11.2.1 US           
  11.2.2 Canada           
  11.2.3 Mexico           
 11.3 Europe            
  11.3.1 Germany           
  11.3.2 UK           
  11.3.3 Italy           
  11.3.4 France           
  11.3.5 Spain           
  11.3.6 Rest of Europe           
 11.4 Asia Pacific            
  11.4.1 Japan           
  11.4.2 China           
  11.4.3 India           
  11.4.4 Australia           
  11.4.5 New Zealand           
  11.4.6 South Korea           
  11.4.7 Rest of Asia Pacific           
 11.5 South America            
  11.5.1 Argentina           
  11.5.2 Brazil           
  11.5.3 Chile           
  11.5.4 Rest of South America           
 11.6 Middle East & Africa            
  11.6.1 Saudi Arabia           
  11.6.2 UAE           
  11.6.3 Qatar           
  11.6.4 South Africa           
  11.6.5 Rest of Middle East & Africa           
              
12 Key Developments             
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures            
 12.2 Acquisitions & Mergers            
 12.3 New Product Launch            
 12.4 Expansions            
 12.5 Other Key Strategies            
              
13 Company Profiling             
 13.1 Eden Foods            
 13.2 B&V SRL            
 13.3 GELITA AG            
 13.4 Roland Foods LLC            
 13.5 Neogen Food Safety            
 13.6 Selt Marine Group            
 13.7 TIC Gums            
 13.8 Merck KGaA            
 13.9 Surya Indoalgas            
 13.10 Austrade Inc            
              
List of Tables              
1 Global Agar Agar Flakes Market Outlook, By Region (2021-2030) ($MN)             
2 Global Agar Agar Flakes Market Outlook, By Type (2021-2030) ($MN)             
3 Global Agar Agar Flakes Market Outlook, By Gelidium Agar Agar Flakes (2021-2030) ($MN)             
4 Global Agar Agar Flakes Market Outlook, By Gracilaria Agar Agar Flakes (2021-2030) ($MN)             
5 Global Agar Agar Flakes Market Outlook, By Other Types (2021-2030) ($MN)             
6 Global Agar Agar Flakes Market Outlook, By Grade (2021-2030) ($MN)             
7 Global Agar Agar Flakes Market Outlook, By Food (2021-2030) ($MN)             
8 Global Agar Agar Flakes Market Outlook, By Technical (2021-2030) ($MN)             
9 Global Agar Agar Flakes Market Outlook, By Preactivate (2021-2030) ($MN)             
10 Global Agar Agar Flakes Market Outlook, By Bacteriological (2021-2030) ($MN)             
11 Global Agar Agar Flakes Market Outlook, By Cosmetic and Pharma (2021-2030) ($MN)             
12 Global Agar Agar Flakes Market Outlook, By Claim (2021-2030) ($MN)             
13 Global Agar Agar Flakes Market Outlook, By Kosher (2021-2030) ($MN)             
14 Global Agar Agar Flakes Market Outlook, By Organic (2021-2030) ($MN)             
15 Global Agar Agar Flakes Market Outlook, By Non-GMO (2021-2030) ($MN)             
16 Global Agar Agar Flakes Market Outlook, By Vegan (2021-2030) ($MN)             
17 Global Agar Agar Flakes Market Outlook, By Standard (2021-2030) ($MN)             
18 Global Agar Agar Flakes Market Outlook, By Form (2021-2030) ($MN)             
19 Global Agar Agar Flakes Market Outlook, By Powder (2021-2030) ($MN)             
20 Global Agar Agar Flakes Market Outlook, By Flakes (2021-2030) ($MN)             
21 Global Agar Agar Flakes Market Outlook, By Strips (2021-2030) ($MN)             
22 Global Agar Agar Flakes Market Outlook, By Other Forms (2021-2030) ($MN)             
23 Global Agar Agar Flakes Market Outlook, By Distribution Channel (2021-2030) ($MN)             
24 Global Agar Agar Flakes Market Outlook, By Direct Sales (2021-2030) ($MN)             
25 Global Agar Agar Flakes Market Outlook, By Modern Trade (2021-2030) ($MN)             
26 Global Agar Agar Flakes Market Outlook, By Convenience Stores (2021-2030) ($MN)             
27 Global Agar Agar Flakes Market Outlook, By Specialty Stores (2021-2030) ($MN)             
28 Global Agar Agar Flakes Market Outlook, By Small Groceries (2021-2030) ($MN)             
29 Global Agar Agar Flakes Market Outlook, By Online Retail (2021-2030) ($MN)             
30 Global Agar Agar Flakes Market Outlook, By Other Distribution Channels (2021-2030) ($MN)             
31 Global Agar Agar Flakes Market Outlook, By End User (2021-2030) ($MN)             
32 Global Agar Agar Flakes Market Outlook, By Food and Beverage (2021-2030) ($MN)             
33 Global Agar Agar Flakes Market Outlook, By Healthcare (2021-2030) ($MN)             
34 Global Agar Agar Flakes Market Outlook, By Pharmaceuticals (2021-2030) ($MN)             
35 Global Agar Agar Flakes Market Outlook, By Nutraceuticals (2021-2030) ($MN)             
36 Global Agar Agar Flakes Market Outlook, By Other End Users (2021-2030) ($MN)             
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.              

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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