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Algae Fats Market Size
- Report ID: GMI5609
- Published Date: May 2023
- Report Format: PDF
Algae Fats Market Size
Algae Fats Market size valued at USD 280 million in 2022 and is projected to depict more than 5% CAGR from 2023 to 2032.
Growing nutritional requirements and a rapid shift from animal-derived to plant-based supplements will propel the industry growth. In the recent past, consumer inclination toward novel algae-based Omega 3 fatty acid supplements has increased notably. Algal oil is a rich source of omega-3 and is consumed to improve overall health and even to treat patients with cardiovascular diseases. They have an array of health benefits including anti-inflammatory, which helps prevent the risk of age-related macular degeneration, rheumatoid arthritis, and depression. It can also help improve the health of young babies and mothers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Algae Fats Market Size in 2022: | USD 280 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 464.8 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 206 |
| Segments covered: | Type, Application |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Algae Fats Market Scope
