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The global algae products market is estimated at USD 3.98 Billion in 2018 and is projected to grow at a CAGR of 5.4%, to reach USD 5.17 Billion by 2023. The direct consumption of algae as a food product makes it a reliable food alternative with high nutritional value, which is a necessity for the growing population. This factor can also be considered as a driver for this industry.
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Aggregating Anemone, Anthopleura elegantissima, colony at Tongue Point in Salt Creek Recreation Area along the Strait of Juan de Fuca, Olympic Peninsula, Washington State, USA
Samples collected from large tanks containing mixes of various freshwater algal species. The green samples are healthy, while the yellow samples were contaminated by a fungal disease. The biofuels experiment was conducted in the summer of 2016 at U-M's E.S. George Reserve near Pinckney, Mich. Photo by Daryl Marshke/Michigan Photography.
Lime green algae bloom in summer. Christmas Hill Park and Nature Sanctuary, Victoria, Vancouver Island, BC, Canada
Bleached (dead) coralline algae (Corallina officinalis) and encrusting algae (Lithothamnia) on a pebble
27 Aug 2007. Helsinki, Finland. Greenpeace activists confront delegates of the ongoing Helsinki Commission meeting with algae and dead cod. 25 % of the Baltic Sea bottom area is already dead due to eutrophication and the cod stocks are threatened by overfishing. Greenpeace demands rapid action to combat the ocean crisis. The algae was collected in Helsinki the day before.
© Greenpeace/Matti Snellman
Various combinations of algal species were grown in 80 cattle tanks in a federally funded biofuels experiment at the University of Michigan's E.S. George Reserve near Pinckney, Mich. Each of the 290-gallon cattle tanks contains from one to four freshwater algal species. Photo by Daryl Marshke/Michigan Photography.