Potential of microalgae biotechnology as a new sector for diversification in the Macaronesian Region: a techno-economical assessment

Abstract

The blue bioeconomy emphasizes its aims on the potential of marine biodiversity and the sustainable transformation of renewable marine resources into goods and services that are just not just for the supply of human and animal sustenance, but also for a variety of other purposes across other domains. In this assessment the burgeoning industry of algae in a European framework we be discussed with special emphasis on the forward trend of microalgae along with the current possibilities of the procurance of secondary metabolites from microalgae and their high-added-value products in the pharmaceutical and nutraceutical sector. The study also reveals consumer awareness towards microalgae, with results that may be applied to other locations for diversification. Furthermore, through an economic lens, it is conceivable to diversify in the Macaronesian region exhibiting microalgae bioactive compounds with commercial interest.