In 2023, the import of agar-agar to India stood at a volume of 413.37 thousand kilograms. The forecast for the period from 2024 to 2028 indicates a steady increase in imports, with a growth rate of approximately 2.5% annually. Year-on-year, the import volume is projected to grow by about 2.6% in 2024, 2.5% in 2025, 2.4% in 2026, and 2.3% in 2027. The compound annual growth rate (CAGR) over the five-year forecast period is estimated to be around 2.5%.

Future trends to watch for include:

Potential shifts in global agar-agar production that could affect supply and pricing dynamics.
Changes in consumer preferences and demand for vegan and plant-based products that may drive increased usage of agar-agar as a gelling agent.
Technological advancements in agrifood processing that may impact agar-agar alternatives and their market competition.