Algaculture Market Analysis 2028 By Size, Share, Trends, Growth
Demand for algae in animal feed industry and advancements in algaculture technologies is expected to drive the Global Algaculture Market growth in the forecast period, 2024-2028. According to TechSci Research report, “ Algaculture Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Algaculture Market is anticipated to grow with a CAGR of 6.23% in the forecast period, 2024-2028. The Global Algaculture Market is primarily driven by several key factors. First, the increasing demand for algae in the production of biofuels and the rising awareness of its health benefits are significant drivers. Second, the growing utilization of algae in wastewater treatment due to its absorbent properties also enhances market growth.’ Technological advancements in algae harvesting, coupled with the rising interest in alternative protein sources, further propel the market growth. The global algaculture market, which refers to the farm...