Market Size of Algae Ingredients Industry
|Study Period||2018 - 2028|
|Base Year For Estimation||2022|
|Fastest Growing Market||Asia Pacific|
|Largest Market||North America|
*Disclaimer: Major Players sorted in no particular order
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Algae Ingredients Market Analysis
The global algae Ingredients Market is expected to register a CAGR of 8.11% during the forecast period, 2020 to 2025.
- Algae-based ingredients consist of essential fatty acids that have a broad range of health benefits, including cardiovascular, eye and brain health, for which it is widely used in the various end-user applications, like dietary supplements, infant nutrition, functional food and beverages, and pharmaceutical and clinical nutrition.
- The global market for algae-based ingredients industry is dynamic and highly fragmented, with numerous small and domestic players occupying a major chunk of the global market share.