Market Outlook
Agar resin is a vegetarian alternative to gelatin. Agar Resin is a gelatinous polysaccharide, which is derived from red algae and seaweed used to gel numerous food products, as it possess various functional and health benefits. Its culinary ingredients which can also be taken as a substitute of gelatin and is generally used for thickening soups and other desserts. Besides food and beverage industry, Agar Resin are also used in pharmaceutical and other biotechnology industry. Agar is prominently used in dietary supplements as it includes no protein, no fats, a minimal amount of carbohydrate, and 80% of fiber content which neutralizes the appetite. Moreover, Agar Resin is used in cosmetics and personal care industry to enhance the texture of lipsticks, lip care, lotion, and countless other products. Additionally, it provides long-lasting stability to finished products, for thickening, and texture enhancing. Growing demand for cosmetics and personal care industry proportionate the demand for agar resin, henceforth propelling the market growth.
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Increasing Demand of Agar Resin in Various End-use Applications
Consumers are shifting their interest to healthy lifestyle owing to growing demand of natural ingredients in food and other industry. Therefore, agar resin is used as an ingredient for gelling number of end product such as fruit jam, candy, soup, sauces, and gelatin food product, and many more. Agar resin often used by consumers as a natural remedy to relieve from constipation as it consists of high edible fiber and is beneficial for diabetic and obesity patient as well, thus driving the agar resin market. Due to the fascinating features of Agar Resin, it is also used in cosmetic industries where Agar softens and moisturizes the skin well, and it also thickens as well as bind other ingredients together.
Agar Resin is also used for DNA and RNA Biotechnology and Molecular biology labs. Consumers are becoming more aware towards health therefore, manufacturers are producing innovative and fruitful substitute for weight loss product. Consumers widely consume agar in the medical industries. Aforementioned reasons are boosting the demand for Agar resin in the market.
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Agar Resin Market: Key Players
Some of the key players operating in the global Agar Resin market are D&R Dispersions& Resins Sp Z O O, Nippon Epoxy Resin Manufacturing Co., Ltd., Reichhold Holdings International B.V., MSR Holding B.V., PolyLabs Ltd., Plasma Ruggedized Solutions, Inc., and Agar Scientific Ltd. Grasim Industries Limited., Spolek pro chemickou a hutní výrobu, alcove spolecnost., KI Chemistry S. à r. l, and others.
Agar Resin Market Opportunities
Increase in the vegan population drive the market demand of Agar Resin, and to access those consumers, the manufactures produce varieties of food product which are natural or plant-derived ingredients. Cosmetic products development boost the demand of agar resin in market as consumers, currently, are becoming concerned about their skins due to change in climate or increasing the pollution because it has a speculated to provide moisture-retention, and that help generally to reduce skin dryness as well they have much other skin care ingredient which is useful in cosmetics.
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It has many different ends uses in biopharmaceuticals companies, clinical research laborites, and other organizations. Agar resin is health beneficial as it has low saturated fat and cholesterol, it is high in iron, calcium, folate, minerals; therefore, it is ideal for consumers those are interested in weight loss or maintaining good health, providing an inordinate opportunity to the market. Moreover, manufactures of agar resin product can expand their market in Asia- Pacific as it is anticipated to show substantial growth in this region due to the growing preference for vegan products any numerous other application.