The algae market is currently experiencing something akin to the hydrogen market in the last few years. Both markets had large growth in the early 2000s only to drop off, however we have seen a resurgence in hydrogen investments, and we are currently entering a resurgence in the algae market.
The algae cosmetics market is forecasted to grow at a CAGR rate of 7.3% from 2022-2029, reaching $305.3m USD by 2029
The chlorella market is forecasted to grow at a CAGR rate of 6.3% from 2021-2028, reaching $412.3m USD by 2028
The spirulina market was valued at $393.6m USD in 2019 and is forecasted to reach $897.6m USD by 2027
The algae biofuel market was valued at $7.23 billion USD in 2021 and is projected to grow at a CAGR of 8.76 to $15.39 billion USD by 2030
The biodegradable plastics market was valued at $7.7 billion USD in 2021 and is forecasted to grow at a CAGR of 24.9%, tripling by 2027, reaching $23.3 billion USD