Standardization in Microalgae Cultivation: A Pathway to Market Expansion
The microalgae market is projected to reach a valuation of USD 11.8 billion in 2023 and is expected to grow to USD 25.4 billion by 2033, reflecting a compound annual growth rate (CAGR) of 8% during the forecast period. The rising use of marine microalgae ingredients and proteins in aquaculture, pharmaceuticals, and nutraceuticals is set to drive market sales. Additionally, increasing...
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