Europe’s algae market expanding, driven by product innovation, climate potential

With new product approvals in place and fierce competition from foreign markets, the European algae market is hotting up, driven by its climate-cooling potential.

The global algae products market size is estimated to surpass €8.2 billion by 2033.

According to algae farming firm Global Algae: “building algae farms to stop deforestation and enable regrowth of tropical rainforests without loss of production or revenue could reduce carbon emissions by ~10 Gt CO2-eq /year.” With large-scale algae farming for feed and fuel, reducing emissions by 13 to 20 gigatons of CO2 per year.

Recognised for their nutritional and functional benefits, algae such as seaweeds and microalgae are also used as foodstuffs. In February 2024, more than 20 algae species were added to the EU Novel Food Status Catalogue.

The European Algae Biomass Association’s (EABA) manifesto commits to ‘fostering a vibrant and competitive algae industry in Europe’.

This series of special reports takes a deeper dive into the growing algae biomass market.

• European Algae Biomass president sees expansion of algae products in daily life, calls for improved EU algae market

  News | Advocacy Lab Content | Energy, Environment & Transport 01-10-2024

  Est. 6min
  

  Driven by a vision to advance Europe’s algae sector, Carlos Unamunzaga, President of the European Algae Biomass Association, spoke with Euractiv’s Fiona Alston about his plans to raise the profile of algae in the public eye.  

• Algae biomass market booming on climate cooling potential

  News | Advocacy Lab Content | Agrifood 26-09-2024

  Est. 5min
  

  Driven by its potential to help cool the climate crisis, the algae biomass sector is accelerating across the EU. With new product approvals in place, and fierce competition from foreign markets, the algae market is hotting up.

Agrifood

European Algae Biomass president sees expansion of algae products in daily life, calls for improved EU algae market

01/10/2024

5 min. read

Agrifood

Algae biomass market booming on climate cooling potential

26/09/2024

4 min. read