In the first quarter of 2023, the agar agar market in Asia faced uncertainty due to declining demand and rising inventories. However, a turnaround occurred in the latter part of the quarter and extended into the second quarter, driven by increased demand from domestic and international downstream industries. In Europe, the Russia-Ukraine conflict and fluctuating demand initially contributed to price uncertainty, but the second quarter saw a favorable rise in agar agar prices, primarily propelled by the food and beverage sector’s increased demand. North America experienced a brief first-quarter decline due to the pandemic’s effects but then witnessed an upward price trend driven by restricted supply, robust procurement from the food and beverage industries, and rising fuel and food costs.
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Definition
Agar agar is a natural gelling agent derived from seaweed, primarily red algae. It is widely used in the food and pharmaceutical industries. Its key properties include excellent gelling ability, even at low concentrations, and stability across a wide range of temperatures. Agar agar forms a gel when dissolved in hot water and solidifies as it cools. It is tasteless, odorless, and vegetarian-friendly, making it a popular alternative to animal-based gelatin. Additionally, agar agar is rich in fiber and has a reputation for its digestive health benefits.
Key Details About the Agar Agar Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Agar Agar in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Agar Agar Price chart, including India Agar Agar price, USA Agar Agar price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Agar Agar Price Trend:
The utilization of Agar Agar, extracted from seaweed, extends across diverse industrial sectors. In the realm of food production, it stands as a natural thickener and gelling agent, prominently featured in desserts, jams, jellies, and confectionery items. Laboratories in microbiology leverage Agar Agar for bacterial cultivation and the preparation of growth media. Within pharmaceuticals, it serves as a crucial binder for tablets and capsules, facilitating drug formulation processes. Moreover, its gel-forming attributes are highly sought after in cosmetics manufacturing, particularly evident in skincare products like creams and lotions. The textile industry benefits from Agar Agar’s versatility, employing it for fabric sizing and as a stabilizer in photographic emulsion preparation. This multifaceted functionality, combined with its natural origin, underscores Agar Agar’s significance as a key ingredient across various industrial domains.
For insights into Agar Agar’s pricing trends, one can refer to Agar Agar Price Index, Agar Agar Price Trend, Agar Agar Prices, Price Trend, Agar Agar Price Chart, and Agar Agar Price Graph.
Key Players:
- Neogen Food Safety
- HISPANAGAR
- AGARMEX, S.A.
- INDUSTRIAS ROKO S.A.
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