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Agar Market 2024-2034: Trends, Growth, and Industry Insights
The global agar market is poised for remarkable growth, projected to surpass US$ 293 million in 2024 and reach a valuation of US$ 479.4 million by 2034, expanding at an accelerated CAGR of 6% during the forecast period. Derived from the polysaccharide agarose, agar serves as a critical ingredient in various industries, including food, pharmaceuticals, and cosmetics. This natural substance, primarily sourced from red algae such as Gracilaria and Gelidium, has found widespread application due to its superior gelling, stabilizing, and thickening properties.
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2919
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Food and Beverage
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