As more consumers look for plant-based and vegan products, algae and seaweed have emerged as potent, sustainable sources of nutritional compounds.
 
The global algae products market is expected to reach $3.3 billion by 2022, at a CAGR of 6.7%, driven by the nutraceutical, cosmetic, pharmaceutical, and biofuel industries, according to a report by Meticulous Market Research. While the algae-derived biofuel industry hasn’t developed as some had hoped, nutraceutical application has begun to pick up steam.
 
Algae are photosynthetic organisms that grow in a range of aquatic habitats, from lakes and ponds to rivers and oceans. Marine algae have been well-known and utilized for their therapeutic benefits for hundreds of years. More recently, research into the nutritional value of seaweed has increased, revealing its diverse bioactivities.
 
The market for algae-derived nutritional products is relatively young, but awareness is increasing significantly.

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