TMR foresees the global algae market to expand at a 7.42% CAGR during the forecast tenure 2019-2027 to earn around US$ 1.37 bn by the end of 2027. By cultivation technology, open pond cultivation could continue to generate higher demand in the market. By region, North America is anticipated to take the lead in the market. In 2018, the U.S. accounted for around 87% share of the regional market by value.