What Factors Are Fueling the Expansion of the Global Chlamydomonas Reinhardtii Market at 8.7% CAGR?
Global Chlamydomonas Reinhardtii market size was valued at USD 18.5 million in 2023, exhibiting a CAGR of 7.2% from 2019 to 2023. The market is projected to grow from USD 20.1 million in 2024 to reach USD 32.8 million by 2029, expanding at a CAGR of 8.7% during the forecast period.
The global Chlamydomonas Reinhardtii market is witnessing significant growth as this microalgae species gains traction across multiple industries, ranging from pharmaceuticals to nutraceuticals. With its unique properties as a model organism for photosynthesis research and high protein content, demand is accelerating in both academic and commercial sectors. Recent advancements in genetic engineering techniques have further expanded its applications in biofuel production and sustainable food sources.
Live Chlamydomonas Reinhardtii
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