The global agarose market is projected to register revenue by value USD 138.69 million by 2026. Agar is a jelly like substance obtained from algae. It is derived from polysaccharide agarose, which is found in the cell walls of algal species. It is released by the boiling procedure. Agarose is a polysaccharide composed of D-galactose and 3, 6-anhydro-L-galactopyranose derived from red seaweed. In molecular biology, agarose is routinely used to separate DNA. It may be used to purify proteins in the form of beads. It comes in the form of a white powder that dissolves in hot water and solidifies when cooled. These gels are more resistant to carrageenan or other gelatins and condensed. Agar offers goods long-term cohesiveness. This outstanding feature bonds readily and improves texture, stability, and thickness, allowing for inexpensive storage and transportation.
.png "Global Agarose Market 2016-2026 (USD Million)")
Growing need for agarose in protein purification, as well as growing need for research activities in the sectors of virology and biopharmaceuticals, are driving the target market forward. In recent years, the agarose business has benefited from increased demand for dairy products as a result of the westernization of diets. Another element fueling the sector's growth throughout the anticipated time frame is increased demand from consumers and the food processors industry. In the near future, improved extraction technology will help product expansion while also assisting the worldwide industry's expansion. However, transportation and mobility constraints have resulted in a lack of agar goods for numerous sectors, which may limit global industrial growth in the foreseeable future.
Furthermore, agarose gel electrophoresis, protein purification agarose usage is rapidly increasing. As a result, a growth in agarose' end-use applications is boosting the market share of agarose. Green Fresh Group, Marine Hydrocolloids, Kingyen, Global Bio Ingredients, Huey Shying, Hispanagar, Fuli Agar Factory, ROKO, Mingfu Fujian Agar Co. Shantou Chenghai District Agar Glue Factory, Agarmex, B&V Agar, Fujian Global Ocean Biotechnology, Sobigel, Iberagar, and Taike Biotechnology are among major players focusing on the research and development of advanced products.
The leading companies in the worldwide agarose market are Green Fresh Group, Marine Hydrocolloids, Kingyen, Global Bio Ingredients, Huey Shying, Hispanagar, Fuli Agar Factory, ROKO, Mingfu Fujian Agar Co. Shantou Chenghai District Agar Glue Factory, Agarmex, B&V Agar, Fujian Global Ocean Biotechnology, Sobigel, Iberagar, and Taike Biotechnology. They are also investing in and purchasing small firms in order to boost their profitability. Due to the industry's fierce rivalry, market concentration will be significant as significant enterprises with big market shares focus on increasing their customer base across international markets. Major competitors in the target market are using a number of business tactics to get a competitive edge in the global market, including new solutions, partnerships, mergers and acquisitions, strategic alliances, and large investments.
Agarose Market Scope
| Metrics | Details |
| Base Year | 2020 |
| Historic Data | 2018-2019 |
| Forecast Period | 2021-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 138.69 million |
| Growth Rate | CAGR of 5.1% during 2021-2028 |
| Segment Covered | Product, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Key Players Profiled | Green Fresh Group, Marine Hydrocolloids, Kingyen, Global Bio Ingredients, Huey Shying, Hispanagar, Fuli Agar Factory, ROKO, Mingfu Fujian Agar Co. Shantou Chenghai District Agar Glue Factory, Agarmex, B&V Agar, Fujian Global Ocean Biotechnology, Sobigel, Iberagar, and Taike Biotechnology |
Key Segments of the Global Agarose Market
Type Overview, 2016-2026 (USD Million)
- Standard melting agarose
- Low melting point agarose
- Others
Application Overview, 2016-2026 (USD Million)
- Agarose gel electrophoresis
- Protein purification
- Others
Regional Overview, 2016-2026 (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- Increased demand for agarose across various end-use industries
- Increasing demand for agarose in protein purification
- Growing demand for research activities in the fields of virology and biopharmaceuticals.
What does the report include?
- The study on the global Agarose market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, and usage area. Moreover, the study on Agarose market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global Agarose market is suitable for all the players across the value chain including component and raw material providers, disinfectant manufacturers, distributors, and other intermediaries
- Venture capitalists and investors looking for more information on the future outlook of the global Agarose market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global Agarose marke
The global agarose industry is competitive, with the top local and regional competitors of the industry. Major players in the global industry are Green Fresh Group, Marine Hydrocolloids, Kingyen, Global Bio Ingredients, Huey Shying, Hispanagar, Fuli Agar Factory, ROKO, Mingfu Fujian Agar Co. Shantou Chenghai District Agar Glue Factory, Agarmex, B&V Agar, Fujian Global Ocean Biotechnology, Sobigel, Iberagar, and Taike Biotechnology among others. Mergers and acquisitions, significant investments, partnerships, new product launches, and capacity growth are all essential methods used by big multinational firms to increase their market position. The top companies in the market have a big global footprint and a diverse product portfolio to meet a wide range of customer demands. Due to rising demand from end-user industries, emerging regions are likely to become significant markets for agarose throughout the projected period.
The worldwide sector is growing due to increased demand for agarose in both developed and developing nations. The global market is predicted to grow in the near future, owing to growth in the food, healthcare, industries. Another factor fueling the target market's growth is rising consumption in Asian subcontinent markets. Global industrial suppliers may look forward to exciting development potential in emerging markets. The methods of the top players are likely to generate competitive demand. Furthermore, as the end use sectors develop, global demand is being boosted by a growing client base for these items, particularly in developed nations.
The global agarose market is segmented into product, and applications. The agarose industry by product includes standard melting agarose, low melting point agarose, and others. Based on application the global industry is categorized into agarose gel electrophoresis, protein purification, and others. The protein purification segment is expected to dominate over the forecast period of time owing to growing adoption of agarose for protein purification applications.
Geographically, Europe led the worldwide agarose market. In the France, U.K. and other European countries, agarose are becoming increasingly frequently adopted in a variety of end-use industries. One of the key factors driving agarose growth in developing nations is the rapidly expanding demand for the target product among growing economies throughout the world. Furthermore, throughout the projection period, Asia Pacific is predicted to have considerable expansion in the target industry. The development of prominent organizations in the area, as well as technology developments among Asian countries, notably in China, Japan, and India, are credited with the increase.
.png "Global Agarose Market Share by Region (2019)")