Algae Gain Ground

According to Verified Market Research, the global algae-derived products market could nearly double and reach $10.43 billion by 2032, compared with $5.74 billion in 2024, driven by the diversification of industrial applications.

Already used in dietary supplements, cosmetics, pharmaceuticals, and animal feed, these biomasses are attracting growing interest due to their high content of proteins, pigments, lipids, and carbohydrates. Their versatility is encouraging the development of high value-added formulations.

The firm also highlights the rise of advanced cultivation technologies, such as photobioreactors and hybrid systems, which improve yields and quality. In cosmetics, algae-based active ingredients are particularly benefiting from the growing demand for bio-based ingredients and sustainable alternatives.