According to TechSci Research report, “ Global Algae Products Market By Source, By Application, By Region, Competition, Forecast & Opportunities, 2024 ” , global algae products market is projected to reach $ 14.99 billion by 2024, backed by rising demand in healthy food products, pharmaceutical and cosmetic sectors. Moreover, increasing application of algae products for generating biofuel is expected to drive the market during forecast period. According to CIA factbook, humans consume 11 billion tonnes of oil from fossil fuels, annually, across the globe. Crude oil reserves are expected to vanish by 2060. Algae can be used to produce biofuels, such as ethanol and biodiesel. Under the photosynthesis process, algae can create 15 times more oil per acre than what can be achieved from other plants used for producing biofuels, such as corn and switchgrass. Browse 2 market data Tables and 114 Figures spread through 116 Pages and an in-d...