Microalgae Market Trends: Size, Share, & Forecast Analysis
Meticulous Research ® —a leading global market research company, published a research report titled ‘Microalgae Market - Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research ® , the microalgae market is expected to reach $2.26 billion by 2031 , at a CAGR of 8.6% from 2024 to 2031. The growth of this market is driven by increasing consumer preference for products promoting health and wellness, the rise in the dietary supplements sector, the growing demand for natural food colors from food manufacturing and processing companies, rising vegetarianism, the growing nutraceuticals industry, and rising demand for microalgae-based products. However, a lack of awareness of the benefits of microalgae and the complex process of manufacturing algal products restrain the market growth. Key Players: The key players operating in the microalgae market are Fuqing King Dnarmsa Spirulina Co.,...