Algae Products Market by Type (Hydrocolloids, Algal Protein, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Food & Beverage, Nutraceuticals, Cosmetic), and Geography – Global Forecast to 2030

The Algae Products Market is projected to reach $5.55 billion by 2030, at a CAGR of 7.8% during the forecast period of 2023 to 2030. In terms of volume, the algae products market is projected to reach 460,870.9 tons by 2030, at a CAGR of 9.0% during the forecast period of 2023–2030. The growth of the algae products market is driven by consumers’ increasing preference for algae-sourced products, the growth in vegetarianism, the rising demand for natural food colors, and the rapid growth of the nutraceuticals industry.

However, complexities in algae production and low awareness regarding the benefits of algae restrain the growth of this market. Furthermore, the growing demand for biofuels is expected to generate growth opportunities for the players operating in this market. However, the risk of algae contamination is a major challenge impacting market growth. Additionally, the increasing adoption of algae products is a prominent trend in the algae products market.

LiDAR Drones Market by Survey (Topographic LiDAR, Bathymetric LiDAR), Type (Wing Drones, Rotary Drones), Range (Tactical, Medium, Long), End User (Agriculture, Construction, Power & Utilities, Mining), End User and Geography – Global Forecast to 2030

The LiDAR Drones Market is projected to reach $1.9 billion by 2030, at a CAGR of 17.6% during the forecast period of 2023 to 2030.The growth of this market is attributed to the growing application of LiDAR drones in land surveying, construction site monitoring, and environmental monitoring; the rising use of LiDAR drones for producing precise and accurate 3D maps and models; and growing agriculture drone applications. Furthermore, the increased use of LiDAR for environmental purposes and the emergence of 4D LiDAR sensors are expected to create significant opportunities for this market. However, the high cost of LiDAR drones hampers the growth of this market. In addition, the inability to function through heavy rain, snow, and fog is a major challenge to the growth of this market.

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With food security challenges, the vegan food trend is gaining traction and will continue to evoke interest in the upcoming years. Food demand, therefore, should increase proportionally or even more because, at the same time, food behaviors are changing. In addition, F&B manufacturers from various countries are leveraging plants, creating new categories, and disrupting old ones. At various stages, most countries are already committed to the initial nutritional transition.

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