The market size of algae fats was worth USD 280 million in 2022 and will expand more than 5% CAGR from 2023 to 2032.
Food-grade algae fats market size will depict a 5.5% CAGR between 2023 and 2032, driven by the increasing demand for plant-based Omega-3 supplements.
Europe market valued at USD 61.5 million in 2022, due to the growing preference for vegan diets and plant-based alternatives.
Batory Foods, ADM, PLT Health Solutions, AGT Food, and Ingredients, Cyanotech Corporation, Cargill, Inc., Earthrise Nutritional, and Ingredion Inc. are some of the major manufacturers of algae fats.