Algae Ingredient Market to Reach USD 9.85 Billion by 2032, Driven by Rising Demand for Sustainable Food and Nutraceutical Solutions
The global Algae Ingredient market is experiencing rapid expansion as consumers and industries shift toward sustainable, plant-based, and nutrient-rich solutions. According to the latest research by Market Intelo, the market was valued at USD 5.21 billion in 2023 and is projected to reach USD 9.85 billion by 2032, growing at a CAGR of 7.3% during 2024–2032. The growth is fueled by increasing applications of algae in food & beverages, dietary supplements, animal feed, and cosmetics.
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