Global Algae Oil Market to Reach USD 3,495.8 Million by 2034 with Increasing Demand from Aquaculture Sector Worldwide | Future Market Insights, Inc. [Yahoo! Finance]
CYANOTECH CORP (CYAN)
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Source: Yahoo! Finance
substances, which steer consumers towards natural alternatives like algae oil. Additionally, the rising number of vegetarians and vegans in the country is boosting demand for algae omega soft gels and solutions, valued for their support of eye, brain, heart, and immune health. Enhanced awareness of these benefits is expected to further propel market growth. NEWARK, Del, July 31, 2024 (GLOBE NEWSWIRE) -- The projected value of the worldwide algae oil market is set to hit the mark of USD 3,495.8 million by 2034, which is set to be measured at USD 2,442 million by 2024. Pertaining to various developments made by key players in the industry, the competitive space is estimated to progress at a sluggish CAGR of during the forecast period. Pertaining to the growing emphasis on reflecting on environmental stewardship, more focus is made on using algae oil, which increases the demand for products. With the growing use of such oils in the aquaculture sector, the prominence of algae oil has
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