Chemical Research

  Algaculture involves cultivation of algae in a controlled environment for commercial purposes such as extraction of biofuels, nutraceuticals, and high-value compounds. Algae are a rich source of proteins, vitamins, minerals, antioxidants, and polyunsaturated fatty acids. The increasing demand for nutraceuticals, proteins, and omega-3 fatty acids from algae is driving the global algaculture market. The global algaculture market is estimated to be valued at US$ 15.2 billion in 2031 and is expected to exhibit a CAGR of 14.5% over the forecast period 2024-2031. The algaculture involves cultivation and harvesting of microalgae and macroalgae using open pond systems, enclosed photo bio reactors or fermentors. Microalgae and macroalgae are rich in nutrients compared to terrestrial crops and have applications in food and feed industries. Microalgae cultivation provides various advantages such as higher productivity compared to terrestrial crops, minimal land requirement and independence ...

  The algaculture market involves the cultivation and harvesting of microalgae and macroalgae biomass, which provides nutritional oil and protein ingredients that find applications in food and animal feed industries. Algae cultivation offers sustainable production of food and feedstock and helps address the rising demand for plant-based nutrition alternatives. The global algaculture market is estimated to be valued at US$10.7 million in 2024 and is expected to exhibit a 14% CAGR over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising demand for sustainable food products is one of the key trends driving the growth of the  algaculture market . Algae cultivation provides eco-friendly production of high-value nutritional ingredients which are utilized in plant-based foods such as meat and dairy alternatives as they offer similar protein levels. Algae biomass can be grown in open ponds or closed photobio...