Global Face Microalgae Market To Register High Revenue Growth At 4.6% CAGR During 2017 – 2026
Verfasser: yogesh on Tuesday, 11 December 2018According to a recent Persistence Market Research report, the global microalgae market is set to record an average expansion between the forecast period 2017 and 2026. Over US$ 75 Mn revenues are estimated to be procured from sales of microalgae across the globe.
Future Prospects of Microalgae to Remain Positive with its Robust Adoption in Agri-food
Main products obtained from microalgae, dried algae in particular, are nutrient-rich and engulf high-value compounds that include pigments, fatty acids, and anti-oxidants. Economic opportunities for nutrients derived from microalgae have been deemed to be comparatively smaller than those derived from other commodity crops. However, future prospects of microalgae-derived nutrients are anticipated to be positive, provided with scientific & technological developments coupled with robust adoption of microalgae in the global market for agri-food. On the other hand, challenges such as complex regulations pertaining to incorporation of microalgae in food, low consumer awareness, and climatic conditions are likely to constrain adoption of microalgae in the foreseeable future.