Algae Market

Poojasalve18 Apr, 2022Environment

Algae are photosynthetic eukaryotic organisms that develop in watery environments and produce biomass using light and carbon dioxide (CO2). The market for macro algae and micro algae food is steadily increasing, owing to the functional benefits that go beyond typical health and nutrition concerns. Furthermore, when compared to biofuel feedstocks such as sorghum, maize stalks, beets, and corn, algae can provide a greater oil production. As a result, the worldwide algae market has a lot of room for expansion. Manufacturers' increasing research and development activities are projected to drive market expansion. Increasing demand for reliable, sustainable, and low-cost sources of energy to ease the petroleum supply chain and to meet the increasing demand from aviation and automotive sector are major factors expected to drive growth of the global algae market during the forecast period.