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 products demand of natural additives like Agar-Agar increased which supported the overall price increase of Agar-Agar in March.
In China, Agar-Agar prices were USD **,*** for a metric ton (FOB Xiamen) in March. This marked a significant increase of *.** from the previous month. This rise was supported by higher procurement from local pharmaceutical firms. The food industry in...
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