Microalgae Market Forecast 2024 to 2032
Microalgae are small, single-celled, or multicellular organisms belonging to the group of microorganisms known as algae. Microalgae are microscopic in size, typically ranging from a few micrometers to a few hundred micrometers in diameter. They are found in diverse aquatic environments, including freshwater , marine, and brackish water bodies. Microalgae encompass a vast array of species, and they come in various shapes, sizes, and colors. Common microalgal groups include diatoms, green algae, dinoflagellates, cyanobacteria (blue-green algae), and euglenoids. These are photosynthetic organisms, that utilize sunlight to convert carbon dioxide and water into organic compounds (such as sugars) and release oxygen as a byproduct. Report Overview- The Microalgae Market was valued at USD 0.98 Billion in 2022 and is expected to register a CAGR of 7.7% by 2032. Key Drivers: Growing Demand for Sustainable and Natural Products: Microalgae are considered a sustainable source of various...