Depleting fossil fuel resources as well as rising awareness towards environment protection is expected to be the key factor for driving industry growth. The Global Algae Biofuel Market is expected to reach USD 10.73 billion by 2025, according to a new report by Grand View Research, Inc. Algae has the ability to offer 2 to 20 times higher yield than existing biofuel feedstock including corn stover, corn, sorghum and beet which is likely to open new avenues for the industry growth over the projected period. Increasing R&D conducted by numerous startup companies as well as various oil & gas majors, and university-led research consortiums are expected to propel production of the over the projected period. However, technological challenges and high capital investment in algae biomass and fuel production are expected to limit the industry growth. Growing demand for low cost, reliable and sustainable energy sources to ease acute vulnerability to petroleum supply chain and meet ...