EU4Algae: Verification of Sustainable Microalgae & Seaweed Products with High Market Potential and Available Criteria & Tools Assessing their Environmental Performance

This study aims to verify sustainable algae products, both microalgae and seaweed, with high potential for market uptake by industry and consumers. The main findings are that 1) algae are a very diverse group of organisms, estimated to be between 30,000 and 1,000,000 species, with only a few species in the market; 2) most algae markets are still pre-mature, where consumers cannot distinguish between European vs. Asian products, and often cannot access algae products; 3) information on market prospects e.g. to 2030, especially for microalgae products, are largely unavailable; and 4) algae production and consumption amounts, at species level, are not readily available. As a result, we identified substantial knowledge gaps.

Read the publication here.

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