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Stock impact report

Algae Market Size to Exceed USD 55.67 billion by 2031, with a Robust CAGR of 10.9%| Report Analysis by Transparency Market Research, Inc. [Yahoo! Finance]

Cyanotech Corporation (CYAN) 
US:NASDAQ Investor Relations: ruscom.com/cyan/investors/investors.html
Company Research Source: Yahoo! Finance
Wilmington, Delaware, United States, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global algae market is estimated to flourish at a CAGR of 10.9% from 2022 to 2031. Transparency Market Research projects that the overall sales revenue for algae is estimated to reach US$ 55.67 billion by the end of 2031. Algae's capacity to sequester carbon dioxide from industrial emissions and convert it into valuable biomass presents a promising avenue for carbon capture technologies, addressing climate change concerns and promoting sustainable practices. Algae's versatility in waste treatment and nutrient recycling enables its integration into circular economy models, where algae-based solutions contribute to closing resource loops and minimizing environmental impact across industries. Algae-derived products serve as nutritious feed supplements for aquaculture, enhancing fish health and growth rates while reducing reliance on traditional fishmeal sources, thus promotin Show less Read more
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