Algal oil is the oil which is inferred directly from algae. It incorporates DHA that explicates 97% of the omega-3 fats inside the brain. Algae may be farmed under numerous environments, comprising of those adverse to other plants. One of the significant advantages of algae oil is that the algae fuel’s carbon footprint is lower as compared to that of the fossil fuels plus it is inexhaustible, making it more reusable.
The worldwide market for algae oil is projected to register a market value of about US$1.9 Billion through 2022, increasing at a modest 4.8% CAGR over 2017-2022.
Global Algae Oil Market will Account for US$1.9 Billion During 2017-2022
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Key Market Players
Some of the prominent companies functional in the worldwide market algae oil include
Diversified Energy Corporation