Substantial Growth is Expected in the Algae Products Market by 2033
The Algae Products Market size is projected to be worth US$ 5.41 Billion in 2023 and surpasses US$ 9.15 Billion by 2033. The sales of algae products are estimated to grow at a CAGR of 5.4% during the forecast period.
The growing usage of algae in the pharmaceutical and nutraceutical industries has driven market growth significantly. Furthermore, increased demand for algal biomass for nutraceutical applications is expected to provide algae product manufacturers with a profitable revenue stream. The increasing industrial application of algae provides commer
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