Knowledge Sourcing Intelligence Algae Protein Market | Page 2

DESCRIPTION
The global algae protein market is expected to grow at a CAGR of 6.85% to reach US$886.802
million by 2024, from US$596.027 million in 2018. The growing global population is increasing
the demand for protein worldwide as a result of which sustainable plant-based protein sources
are gaining popularity to meet the growing global demand for protein-rich food. The existing
methods of obtaining protein are not sustainable to meet the ever growing demand and as such,
the alternative sources of protein, especially the plant-based protein, are gaining popularity.