The global market of Agar-agar has demonstrated a constant upward momentum throughout most of May xxxx which was driven by seasonal procurement patterns and well-calibrated pricing decisions from major exporters. The annual Golden Week festivities of Japan were celebrated in early May which played a decisive role in shaping demand dynamics within the pharmaceutical, nutraceutical and premium food & beverage sectors. As downstream manufacturers accelerated production to meet festive consumer needs, previously accumulated Agar-agar inventories were swiftly absorbed which left Japanese procurers with lean stock positions mid-month.
This temporary inventory tightness created an immediate replenishment requirement for pharmaceutical and nutraceutical manufacturers that rely on Agar-agar for capsule gelling agents, tablet binders and specialty suspension formulations. The functional food and beverage producers also contributed to this uptick and increased their usage for jellies, plant-based desserts and stabilizing agents in health-oriented products during...
