Agar-Agar prices increased across major global markets in March. The increase was a result of rise in demand from key downstream sectors. Pharmaceuticals, nutraceuticals and the food and beverage industry all reported higher consumption rates of Agar-Agar in March. Major Agar-Agar consuming countries including China, Japan and India noted an upward trend in prices. This increase in prices echoed across international markets.
The global Agar-Agar market experienced a positive shift as March concluded. This rise in prices of Agar-Agar was not random. This was a result of rising demand across multiple industries which lead to tighter supply conditions. Pharmaceutical companies used more Agar-Agar due to increased formulations requiring its gelling and stabilizing properties. The nutraceutical sector also saw rise in demand as dietary supplement makers leaned on Agar-Agar for capsule and gummy formats. In food and beverages sector due to seasonal product launches and reformulations of consumer...
