ALGAE MARKET ANALYSIS

Algae Market, By Cultivation Technology (Open Pond, Natural Settings, and Closed System), By Product Type (Microalgae and Macroalgae), By Application (Food & Beverages, Nutraceutical, Pharmaceutical, Cosmetics, Animal and Fish Feed, Biofuel, Waste Water Treatment, Fertilizer, and Specialty Chemicals and Polymers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Global Algae Market- Recent Developments

In May 2022, Thai Union Group, a global tuna giant, announced a US$ 7.9 Million investment in Mara Renewable Corporation for algae-based bio-products
In October 2020, Cyanotech Corporation, a world leader in microalgae-based, high-value nutrition and health dietary supplement products, announced the launch of Bio Astin Hawaiian Astaxanthin, a new delivery form water-dispersible powder that is available in both 1% and 2% concentrations. Bio Astin Hawaiian Astaxanthin is a powerful antioxidant that is derived from natural Haematococcus Pluvialis microalgae grown on Kona Coast, Hawaii, the U.S.
On January 2023, Thai Union Group, a Thailand-based producer of seafood-based food products collaborated with the Scholars of Sustenance Foundation (SOS) in order to raise awareness about food waste and nutrition through the School of Sustenance Program at six local schools in Samut Sakhon and Samut Songkhram province, Thailand.
On December 2022, Pond Technologies Holdings Inc, an ESG company addressing global sustainability challenges of wellness and climate change, is providing an update on its agreement with Livalta, an AB Agri company, a subsidiary of Associated British Foods. Pond is pleased to report that the installation of an algae lab, along with a number of Pond designed algae bioreactors, has been successfully installed on site at AB Agri’s British Sugar plant in Wissington, UK.