Algae Market to Expand at a CAGR of 7.39% by 2024
The global algae market is led by Algenol, Solazyme, Inc., and Sapphire Energy, Inc. and together these three companies accounted for a massive 91.3% share in the overall algae market in 2015. Transparency Market Research states that this immense consolidation of the competitive landscape has compelled players to establish strong distribution and sales channels to gain an edge over others and to enhance their reach across potential markets.
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