Market Size of Middle East and Africa Agar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Agar Market Analysis
The Middle East and Africa agar market is projected to grow at a CAGR of 5.5% during the forecast period (2020 - 2025).
- The strong growth in the seaweed industry of the Middle Eastern and African countries such as South Africa has resulted in increasing production of agar for various end-user industries. The end-user industries primarily food and beverage started treating agar as an important culinary ingredient as it acts as a substitute for gelatin and can be used as a thickener in soup, fruit preserves, ice cream, and other products.
- Furthermore, agar being tasteless is a perfect ingredient in the food industry as it does not interfere with the flavor of the food produced, making it suitable for a wide range of food and beverage products.
- The cost-effectiveness of agar as compared to gelatine is also one of the major factors which has triggered the growth of agar market in the region and is expected to continue gaining momentum during the forecast period.
MEA Agar Industry Segmentation
The Middle East and Africa agar market is segmented by form and application. Based on form, the market is segmented into strip, powder, others. Based on the application, the market is segmented into food and beverage, pharmaceuticals, other applications. The food and beverage segment is further classified into meat products, bakery, confectionery, snacks/instant noodles, dairy, beverage, other food, and beverages. Based on geography, the study provides an analysis of the agar market in South Africa, Saudi Arabia, and the Rest of the Middle East and Africa.
| By Form | |
| Strip | |
| Powder | |
| Others |
| By Application | |||||||
| |||||||
| Pharmaceuticals | |||||||
| Other Applications |
| By Geography | |
| South Africa | |
| Saudi Arabia | |
| Rest of Middle East and Africa |
Middle East and Africa Agar Market Size Summary
The Middle East and Africa agar market is experiencing significant growth, driven by the expanding seaweed industry in countries like South Africa. Agar is increasingly recognized in the food and beverage sector as a valuable culinary ingredient, serving as a gelatin substitute and a thickener for various products such as soups, fruit preserves, and ice cream. Its tasteless nature makes it an ideal component for a wide range of food items without altering their flavor. The cost-effectiveness of agar compared to gelatin further fuels its market expansion, as it offers a more affordable alternative for manufacturers. This trend is expected to continue, supported by the growing consumer awareness of agar's nutritional benefits, including its role as a stabilizer and gelling agent in diverse food products.
The demand for agar is particularly strong in the food and beverage sector, where it is used for fortification in functional foods and beverages, appealing to health-conscious consumers. The South African market, in particular, benefits from the rapid growth of the seaweed aquaculture industry and the increasing preference for natural and vegan ingredients. The market is characterized by its fragmentation, with numerous domestic and international players such as Merck KGaA, HISPANAGAR, Norevo GmbH, Ingredion Incorporated (TIC Gums), and Gelita AG actively participating. These companies focus on new product development and capacity expansion as key strategies to capture market share in this dynamic region.
Middle East and Africa Agar Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Form
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2.1.1 Strip
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2.1.2 Powder
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2.1.3 Others
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2.2 By Application
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2.2.1 Food and Beverage
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2.2.1.1 Bakery & Confectionary
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2.2.1.2 Beverage
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2.2.1.3 Meat Products
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2.2.1.4 Dairy Products
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2.2.1.5 Others
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2.2.2 Pharmaceuticals
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2.2.3 Other Applications
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2.3 By Geography
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2.3.1 South Africa
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2.3.2 Saudi Arabia
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2.3.3 Rest of Middle East and Africa
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Middle East and Africa Agar Market Size FAQs
What is the current Middle East and Africa Agar Market size?
The Middle East and Africa Agar Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Agar Market?
Norevo GmbH, Ingredion Incorporated (TIC Gums), Merck KGaA, HISPANAGAR and Gelita AG are the major companies operating in the Middle East and Africa Agar Market.
