Global Algae Products Market Growth, Trends, Covid-19 Impact, & Forecasts (2021 -2028)
Algae Products Market Overview Algae is used for a host of unique applications. The number of possible use cases of algae is virtually unlimited, and new applications of algae are being discovered every day. Algae products are used in diverse industry verticals such as pharmaceuticals, cosmetics, nutraceuticals, and others which is continually generating demand for algae products. The global algae products market is expected to expand at a CAGR of 5.3% over the forecast period of 2017-2023, affirms Market Research Future (MRFR) in an in-depth study. Algae products are rich in protein, essential amino acids, Omega-3, and Omega-6 fatty acids, which make them highly desirable in the food and feed industry. The food supplement, pharmaceutical, and nutraceuticals industry rely heavily upon algae products as they contain key Phyto-ingredients like beta-carotene, carotenoids, omega 3 fatty acids, and astaxanthin which can dramatically increase the functional attributes of end products. ...