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Agar Agar Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22420
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Agar Agar Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Agar Agar | Pharma Excipients | China | 13,055 USD/MT |
The agar agar prices in China for Q4 2023 reached 13,055 USD/MT in December. The market of the country in the last quarter of 2023 experienced supply constraints and steady demand, especially from the food and beverage (F&B) sector. It saw an initial rise in costs because of limited availability, which was later countered by a slowdown in new orders. This shift reflected fluctuating market conditions shaped by inventory levels and sector demand.
Agar Agar Price Trend, Market Analysis, and News
IMARC's latest publication, “Agar agar Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the agar agar market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of agar agar at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed agar agar price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting agar agar pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Agar Agar Market Analysis
The global agar agar market size reached 181 thousand tons in 2023. By 2032, IMARC Group expects the market to reach 278.8 thousand tons, at a projected CAGR of 5.00% during 2023-2032.
- One of the main reasons for its market expansion is the food industry's increasing need for agar agar. It is used in confections, dairy products, vegan substitutes, and desserts as a stabilizer, thickener, and gelling agent. For example, the EU food and drink sector brought in Euro 229 billion in value added and Euro 1.1 trillion in turnover in 2023. The food processing industry is expanding at an outstanding 8.8% annual rate in developing nations like India, and it is expected to reach INR 61,327.5 billion by 2032.
- Agar agar's plant-based origin and functional characteristics make it a highly sought-after ingredient as the number of vegans and vegetarians grows worldwide. It serves as a vegan alternative to gelatin in plant-based meals, dairy-free desserts, and meat substitutes. According to the latest estimates, the global vegan population is estimated to be 79 million. 10% of American individuals identify as vegetarians or vegans. Furthermore, it is projected that only 40% of people on Earth will still eat meat by 2040.
- Agar agar is being adopted by the pharmaceutical industry as a flexible excipient with a range of functional qualities. It can allow for the controlled release of medications and build a stable gel. Because of this, it is a useful component of tablets, capsules, suspensions, and other dosage forms. The need for agar agar will rise significantly in the upcoming years due to the anticipated rapid growth of the pharmaceutical industry. For instance, the pharmaceutical sector in the UK had a turnover of 40.8 billion pounds. India's pharmaceutical market is expected to reach $130 billion in revenue by 2030. Furthermore, India exports a large quantity of pharmaceuticals to over 200 countries.
- Agar agar is also crucial to the fields of biotechnology and microbiology. It is unique in that it can tolerate autoclaving and gel at low temperatures. Because of this characteristic, it can be utilized as a solidifying agent in culture media in labs, research facilities, and industrial biotechnology facilities. The biotechnology market as a whole was valued at USD 714.9 billion in 2023, and it is projected to expand at a rate of 6.53% a year to reach USD 1277.2 billion in total by 2032.
- The cosmetic industry also relies heavily on agar agar because of its functional properties as emulsifier, thickener, and stabilizer. It is incorporated into products like creams, masks, gels, lotions, and other cosmetic formulations. The market for cosmetics is growing at a rate of 4.8% annually and will reach US $ 618.7 billion by 2032.
Agar Agar News
The report covers the latest developments, updates, and trends impacting the price of agar agar, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the agar agar price trend.
Latest developments in the agar agar industry:
- In April 2020, Hispanagar launched a new highly soluble agar that enables low temperature dissolution. This variety is completely dissolved in water between 60-80ºC, which helps in saving up to 25% energy compared to traditional agar.
Product Description
Agar agar is a plant-based jelly-like substance composed of polysaccharides obtained from the cell walls of red algae. It is a white, semitranslucent vegetable gelatin that comes in a variety of shapes and sizes, including flakes, bars, powder, and strands.
Cheesecakes, puddings, ice creams, jellies, gummy candy, mousses, custards, and sauces all contain agar agar as a stabilizing and thickening ingredient. In addition, it is used in brewing as a clarifying agent, in scientific applications, and for paper sizing.
Agar agar is a neutral ingredient that does not affect the taste, odor, and color of the dishes it is added to. Also, it sets more firmly than gelatin, even at room temperature. Beyond this, agar agar has several health benefits, such as it acts as a laxative, stimulating intestines and supporting bowel movement.
Regional Coverage
The report provides a detailed analysis of the agar agar market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the agar agar price trend.
Global Agar Agar Price
The report offers a holistic view of the global agar agar pricing trends in the form of agar agar price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into agar agar historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into agar agar price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed agar agar demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Agar Agar Price
In Europe, the market in the fourth quarter of 2023 experienced varying price trends affected by multiple components. Early in the quarter, there was a rise in prices due to strong need from the healthcare industry, combined with increased spending and lower inventories. Improved business operations in Germany also supported this upward trend. Moreover, as inflationary concerns resurfaced in December, consumer spending tightened, leading to excessive supply and falling prices. This decline in demand was exacerbated by reduced number of orders and slowing plant output, particularly in Germany. The high rate of interests by European Central Bank, aimed at controlling inflation, further dampened market demand.
This analysis can be extended to include detailed agar agar price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Agar Agar Price
During the Q4 2023, the market in the North American region saw significant fluctuations. At first, prices rose because of factors like increased expenses, lower inflation, and cheaper gas, which influenced the demand positively. Moreover, December brought a downturn as requirement from downstream sectors waned and market supply increased. In the US, consumer confidence remained high, bolstered by reduced inflation and a weaker US dollar, which made imports pricier and supply tighter. Despite strong holiday demand lifting prices, renewed inflationary pressures eventually curbed consumer spending and reduced overall agar agar demand by the quarter's end.
Specific agar agar historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Agar Agar Price
The report explores the agar agar pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on agar agar prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East and Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Agar Agar Price
The industry in the Asia Pacific region faced a challenging period in the fourth quarter of 2023. Supply chain disruptions significantly restricted agar agar availability, pushing prices higher as businesses rushed to secure stock. High need from the food and beverage (F&B) and pharmaceutical markets, influenced by fresh orders and sales, further impacted the market. Towards the quarter's end, prices began to drop as new orders decreased. In China, despite steady need from the F&B industries, agar agar prices saw mixed movements. Market conditions were shaped by supply shortages, robust sector demand, and improvements in manufacturing.
This agar agar price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Agar Agar Price
The analysis of agar agar prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Agar Agar |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Agar Agar Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of agar agar pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting agar agar price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The agar agar price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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