According to MarketsandMarketsâ„¢, The algae products market is projected to reach USD 8.07 billion by 2030 from USD 5.87 billion in 2025, at a CAGR of 6.6% from 2025 to 2030.
The Bangiales represent a group of red algae that are of both ecological and economic importance, particularly through their association with commercially valuable crops such as Porphyra and Pyropia.