In 2023, the import of agar-agar to the UK was at 774.3 thousand kilograms. The forecast for 2024 indicates a volume of 802.59 thousand kilograms, marking a 3.7% increase from the previous year. This trend is set to continue with imports reaching 892.66 thousand kilograms by 2028, suggesting a compound annual growth rate (CAGR) of 2.8% from 2024 to 2028.
Future Trends to Watch For:
- Potential shifts in global supply chains impacting availability and cost.
- Changes in UK food and beverage regulations and consumer preferences driving demand.
- Technological advancements in agar-agar production improving efficiency.
- Environmental factors affecting seaweed harvesting, which could influence supply stability.
