Agar Agar Prices | Demand, Pricing & Supply, Market Analysis | ChemAnalyst

Chemanalyst28 Sep, 2023Business

During the second quarter of 2023, the Agar Agar market in North America exhibited a favorable pricing trend. This uptick was primarily attributed to lower inventory levels at suppliers' warehouses, leading to increased demand from end-users in the food and beverage (F&B) sectors within the United States. Starting in April, there was a slight decrease in inflation in the nation, accompanied by a drop in energy prices. Nevertheless, industry analysts assert that underlying inflation remains elevated and exceeds the Federal Reserve's target. They also believe that the reduction in inflation due to supply chain easing is likely to be temporary. The F&B market in the country showed mixed patterns, with varying perspectives on the pricing of various end-products in these industries.