A growing awareness of the health benefits of agar, which contains various minerals and vitamins such as iron, iodine, calcium, phosphorous, and others, is expected to drive market growth. Agar's market is expected to grow due to rising demand from the food and beverage industry as a thickening and stabilizing agent in a variety of food products.
The rising demand for it as a preservative in meat and poultry products is also contributing to market growth. Furthermore, the rising use of agar as a gelatin substitute is expected to fuel market growth due to its excellent diffusion properties, clarity, and lack of adhesiveness. During the forecast period, agar's use in the food and beverage industry, particularly in bakery and confectionery, is expected to grow. Strip agar and agar powder are the most common forms of agar. Agar strip, also known as natural agar, is made by the old, traditional method on a small scale in China, Japan, and the Republic of Korea.
Various agar companies have stopped selling their products due to a shortage of raw materials. For example, in order to maintain a supply of dehydrated culture media for customers, Thermo Fisher Scientific Inc. stopped selling bacteriological and technical agar until the following year. As a result, this factor is expected to limit the growth of the agar market.
Read more@ https://bit.ly/3cCv8kY