$1.1 Billion Algae Products (Hydrocolloids, Lipids, Carotenoids) Markets – Global Forecast to 2031: Increasing Consumer Preference for Cruelty-Free and Vegan Cosmetics Driving Demand
DUBLIN–(BUSINESS WIRE)–The “Global Algae Products Market for Cosmetics by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Skin Care {Moisturizers}, Hair Care Products), and Geography – Forecast to 2031” report has been added to ResearchAndMarkets.com’s offering. The algae products market for cosmetics is projected to reach $1.10 billion by 2031, at a CAGR of 9.6% from 2024 to 2031. In terms of volume, the algae products market for cosmetics is projected to reach 86,911.6 tons by 2031, at a CAGR of 11.2% during the forecast period of 2024-2031. The growth of the algae products market for cosmetics is driven by the growing cosmetics industry, increasing consumer preference for cruelty-free and vegan cosmetics, and rising awareness regarding the health benefits of …