The algae oil market is rapidly growing as a sustainable alternative to fossil fuels, driven by rising biofuel demand and advancements in cultivation and extraction technologies. With benefits like carbon sequestration and reduced emissions, algae oil is finding applications in transportation, pharmaceuticals, cosmetics, and food. While challenges such as production costs and competition from other biofuels remain, its potential to contribute to a greener energy future makes it a key player in the renewable energy landscape.