The Global Algae Market is poised for significant growth, reaching USD 61.79 billion by 2032 at a CAGR of 11%. The increasing demand for sustainable food, biofuels, nutraceuticals, and bioplastics is fueling market expansion. Algae-based products are widely used in food & beverages, pharmaceuticals, cosmetics, and bioenergy industries due to their high nutritional value and eco-friendly nature. North America and Europe lead the market, with Asia-Pacific experiencing rapid growth in algae farming and biofuel investments. Major players such as Cyanotech Corporation, Cargill, BASF SE, and DSM are driving innovations in algae production and commercialization.