Frequently Asked Questions
The rising pharmaceutical industries of algae for producing antivirals, neuroprotective products and antifungal medicines. The major factors in the market are the stable growth in the global population and the growing demand for food product portfolios. The increased applications of algae in domestic livestock, poultry and aquaculture production are also helping to increase the market growth. Moreover, algae fuel is a liquid fossil fuel used as a source of energy-rich oils.
The global Edible Algae Market is anticipated to grow at a substantial CAGR of xx% in the upcoming years. The global Edible Algae industry was estimated to be worth USD xx billion in 2021 and was expected to be worth USD xx billion by 2028.
In 2021, Asia pacific is dominating with the highest market share in the global edible algae market. Due to the growing consumer awareness, the high use of algae products, food products, and feed supplements is consumed in developing countries such as China and India. These countries have focused on R&D projects in algae products to control pollution and boost the market growth in 2021.
The main competitors dominating the global edible algae market include Acadian Sea plants Ltd., North American Kelp, Ocean Organics Corp, Vitamin Sea Seaweed Co., Mendocino Sea Vegetable Company, Dulse & Rugosa and Irish Seaweeds.
The base year of this report is 2021.