Agar-agar is a mixture of Polysaccharides (agarose+agaropectine) of a high molecular weight. Agar-agar belongs to the family of galactan polysaccharides. Agar has been used as an ingredient in desserts throughout Asia, and also as a solid substrate to contain culture media for microbiological work. Agar can be used as a laxative, an appetite suppressant, a vegetarian substitute for gelatin, a thickener for soups, in fruit preserves, ice cream, and other desserts, as a clarifying agent in brewing, and for sizing paper and fabrics.
The global agar market size was estimated at USD 255.18 million in 2018 and is anticipated to grow at a CAGR of 5.1% from 2018 to 2023. The exponential growth in the usage of this product is attributed to its various functional and health benefits. It contains 80% fiber and can be used as an appetite suppressant. As a whole any entrepreneur can venture in this project without risk and earn profit.
Few Indian major players are as under
· A V I Products India Ltd.
· Aksharchem (India) Ltd.
· Asha Ram & Sons Pvt. Ltd.
· Ashwini Pharma Chem Ltd.
· Titan Bio-Tech Ltd.