The market is divided into food and beverage, medicines and nutraceuticals, and others based on application. The market for agar-agar was dominated by the food and beverage sector in 2020, while the pharmaceuticals and nutraceuticals segment is anticipated to develop at the quickest CAGR during the forecast period. Agar-agar is a substance included in supplements that promote weight reduction and has an appetite suppressing effect. Since it removes toxins from the intestines and gastrointestinal tract, it is also utilised in supplements that enhance digestive health.
Moreover, it is a component of supplements that enhance bone health. The Agar Market is expanding due to the increasing use of agar-agar in the pharmaceutical and nutraceutical industries.
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