The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s.
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Amid the COVID-19 crisis, the global market for Algae estimated at US$782.9 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 6.2% over the analysis period 2020-2027. Open Pond Cultivation, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$980.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Raceway Pond Cultivation segment is readjusted to a revised 5.6% CAGR for the next 7-year period.