Agar Agar Gum Market Size Worth $345 Million By 2025

The global agar-agar gum market size is anticipated to reach USD 345.3 million by 2025, according to a new report by Grand View Research, Inc. shifting consumer preference towards animal-free products and popularity of dairy-based products to maintain healthy diets has resulted in significant market growth.

Does the term ‘agar-agar gum’ ring a bell for you? If it does not, well, in the near future, it definitely will. It is a gelatinous polysaccharide used in food products that is well-known amongst the vegetarian and vegan crowd, as shifting lifestyle choices across the globe has prompted various substitutes for animal-based items such as gelatin in the food industry. Gelatin, once highly popular and a crucial ingredient for baked goods, desserts, confectionaries and similar items, is now considered by many as “non-vegetarian” since it is derived from animal sources. This has pushed the demand of agar-agar gum, its ‘vegetarian substitute’, in many regions.

Of Great Nutritional Value

Agar is actually composed of two substances, namely agarose and agaropectin. The gum is derived from seaweed, extracted and processed under stringent conditions to produce powders, squares or strips which can be utilized directly in cooking or baking applications. The best thing about agar-agar gum is that it is colorless, flavorless and odorless, which eliminates requirement for any processing, and it is sold in the form of dehydrated flake or powder, and helps in attaining a “thick” texture, from custards to soups. Another feature of this product is that it is high in fiber, iron and calcium, while being devoid of fats.

The major difference between agar-agar gum and gelatin is that unlike the latter, agar-agar sets more firmly, maintaining its furnace even at high temperatures. Many of the dairy products need a firm gel structure, and this is where agar-agar comes into the picture. The gel helps in maintaining the shape and consistency of the products, thus preserving optical freshness. Even at lower concentration levels of 0.04%, the gel can provide stability and thickness to the food items without any technical assistance. The gel strength of agar-agar is also significantly higher, when compared to gelatin.

Agar-agar gum is synonymous with health benefits, and it is no wonder that the food industry has recognized its potential and moved quickly to integrate it in different products.

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https://www.grandviewresearch.com/industry-analysis/global-agar-agar-gum-market

Further key findings from the report suggest:

Agar-agar gum contains 80% fiber, minimal amount of carbohydrates, and no fats, which translates to very low calorie count.
Due to its high fiber content, it is used as a laxative as it moves rapidly in the digestive system.
Agar-agar gum has been incorporated in traditional eastern medicines for treating diabetes and constipation.
The product is rich in minerals such as potassium, magnesium and folate, and is ideal for weight loss plans, being used in Japan as such.

Consumer preference has started shifting towards animal-free products, and with gelatin being derived from animal sources, consumers have naturally moved away from it towards vegetarian substitutes.
The global population has steadily become health-conscious, which has led to the popularity of dairy-based products in consumer diet, again factoring in the growth of the agar-agar gum market.
The activity of seaweed harvesting and collection has been a major source of income to the rural fishing population of Spain, Portugal, Morocco, and Chile, among others, especially to the female demographic.
Major technological advancements have been made in this industry, such as metal scrapers, which ensure that large quantities of seaweed can be extracted with minimum effort.
New and improved techniques for pre-treatment, cleaning, dewatering, and filtration and gelation have been introduced, which has propelled the agar-agar gum industry.
With vegan and vegetarian diets now governing a significant number of households, creative cooking methods have taken a hold of the market. Textured foods and foamed products have also proved critical for market growth of the product.
Key companies in the industry include TIC Gums, AEP Colloids, Meron Group, Myeong Shin Agar, Marine Science Co., Ltd, Agarmex, Orient Resources Company, B&V, Titan Biotech Ltd, AgarGel, Central Drug House (P) Ltd., Agar Swallow, Agar Corporation, Ltd., AsionsChem, Indoalgas and Able Sales Company. These organizations are actively investing in R&D and supply chain management to improve their existing portfolio and boost the properties of agar-agar gums.

Third Party Logistics Market Worth $1.2 Trillion By 2025

The global third party logistics market size is expected to reach USD 1.2 trillion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.5% over the forecast period. Logistics plays a vital role in most of businesses; a reliable and robust logistics service is a primary requirement for the development of any business. A strong logistical infrastructure handled by 3PL providers helps the outsourcer focus on its core business. Globalization has enabled companies to set up a global business network that necessitates complex transportation services. This, in turn, is expected to drive demand for outsourced logistics services over the coming years.

Technology has been transforming 3PL services and demand within the supply chain for digitalization, automation, and data collection capabilities has been increasing. Thus, 3PL providers are laying greater emphasis on technologically-driven services by investing in IT solutions, blockchain solutions, cloud-based solutions, mobile technologies, and proprietary innovations to adopt a leading-edge approach.

E-commerce has transformed the traditional retail sector where logistics plays an important role. In some instances when a product is returned, the company needs to manage the reverse logistics process; 3PL providers are leveraging this opportunity by providing flexible and specialized services. These advanced services can allow end users or the shipper to track the movement of goods or products.

There is intense competition among 3PL providers. New competitors are entering the 3PL market with customized and industry-specific services. To remain competitive in the market, leading companies are strategically involved in collaborations with and acquisitions of small- and mid-sized companies.

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https://www.grandviewresearch.com/industry-analysis/third-party-logistics-market

Further key findings from the report suggest:

The value-added services segment is expected to exhibit the highest CAGR over the forecast period, owing to demand for agile supply chain networks across multiple industries
Need for complex logistics and warehouse operations is boosting demand for 3PL solutions in the retail sector
Globalization and sustainable economic growth in several countries are driving international trade, thereby driving the airways segment to witness high growth over the forecast period
Asia Pacific is anticipated to register a CAGR of over 8.5% over the forecast period, which can be attributed to the fact that the region leads the global 3PL market in terms of B2C e-commerce sales
FedEx; DHL International GmbH; C.H. Robinson Worldwide Inc.; KUEHNE + NAGEL; and UPS, Inc. are some of the prominent 3PL providers in the market.

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Video Surveillance & VSaaS Market Size Worth $48.95 Billion By 2020

The Global video surveillance & VSaaS market size is expected to reach USD 48.95 billion by 2020, according to a new study by Grand View Research, Inc. Growing number of security concerns on a global level coupled with increased investment in sophisticated surveillance network development is expected to drive the market. Increased demand for traffic surveillance and intrusion detection is also expected to propel market growth over the next six years.

Technological advancement has led to the development of improved surveillance cameras and related devices. Declining IT costs and centralized data management are expected to positively impact the video surveillance & VSaaS market. Privacy concerns associated with public surveillance may restrain market growth. Implementing big data analytics solutions is expected to provide viable growth opportunities to companies operating in the market. Mobile video surveillance allows real-time data viewing, which presents growth potential to the video surveillance market.

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http://www.grandviewresearch.com /industry-analysis/video-surveillance-industry

Further key findings from the study suggest:

IP-based systems are expected to gain market share over the forecast period, which can be attributed to benefits such as superior image resolution and integrated analytics engines. Demand for analog systems is expected to remain robust in the price-sensitive consumer segment.
Hardware accounted for majority of the market share in 2013, and is expected to remain the leading component segment over the forecast period. Key hardware products include cameras, recorders and storage devices; need for efficient security in public venues and sporting events is expected to drive global surveillance cameras demand. The services segment that includes hosted, managed, and hybrid services is expected to witness high growth over the next six years.
Transportation and retail are expected to remain the major application segments over the forecast period. Need for traffic regulation and controlling theft and vandalism activities in public transport are expected to drive market growth. Video surveillance proves effective for deterring crime and curbing business losses, which is expected to fuel the retail segment.
North America was the largest regional market in 2013, and is characterized by the presence of several industry participants. Asia Pacific is expected to gain market share over the forecast period; this is mainly due to growing installation of surveillance devices in China and India, along with increased infrastructure spending in the region.
Key market players include Hikvision Digital Technology, Axis Communications, Honeywell, Cisco, Bosch Security, etc. Companies enter into strategic alliances and focus on product innovation in order to gain market share. Focus on providing VSaaS solutions and investing in emerging markets are other strategic initiatives.

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