Algae Products Market Size, Share, and Outlook, 2025 Report- By Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, Hydrocolloids), Application (Food and Beverages, Nutraceuticals and Dietary Supplements, Animal Feed, Pharmaceuticals, Personal Care Pr
Description
Algae Products Market Outlook
The global Algae Products market is expected to register a growth rate of 7.1% during the forecast period from $5.9 Billion in 2024 to $10.2 Billion in 2032. The Algae Products market is a thriving business that is poised to keep growing and presents potential growth opportunities for companies across the industry value chain.
The comprehensive market research report presents 12-year historic and forecast data on Algae Products segments across 22 countries from 2021 to 2032. Key segments in the report include By Type(Spirulina, Chlorella, Astaxanthin, Beta Carotene, Hydrocolloids), Application (Food and Beverages, Nutraceuticals and Dietary Supplements, Animal Feed, Pharmaceuticals, Personal Care Products, Others), Form (Solid, Liquid), Source(Brown Algae, Blue-Green Algae, Green Algae, Red Algae, Others). Over 70 tables and charts showcase findings from our latest survey report on Algae Products markets.
Algae Products Market Insights, 2025
The algae products market is rapidly expanding due to the versatile applications of algae as a sustainable source of nutrition, bioactive compounds, and industrial raw materials. Algae-derived products include dietary supplements, food additives, cosmetics, biofuels, and pharmaceuticals. Spirulina, chlorella, and kelp are among the most commercially exploited species, prized for their high protein content, antioxidants, and unique bioactive molecules. Increasing environmental concerns, coupled with the demand for alternative protein and sustainable ingredients, propel market growth. Innovations in cultivation, harvesting, and processing improve yield, purity, and cost-efficiency. The market also benefits from advances in biotechnology, enabling tailored algae strains with enhanced functional properties. Regulatory landscapes vary, with approvals for food, feed, and pharma applications influencing market penetration. The algae products market exemplifies the intersection of health, sustainability, and bioeconomy trends globally.
Five Trends that will define global Algae Products market in 2025 and Beyond
A closer look at the multi-million global market for Algae Products identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Algae Products companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.
What are the biggest opportunities for growth in the Algae Products industry?
The Algae Products sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2030. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.
Algae Products Market Segment Insights
The Algae Products industry presents strong offers across categories. The analytical report offers forecasts of Algae Products industry performance across segments and countries. Key segments in the industry include- By Type(Spirulina, Chlorella, Astaxanthin, Beta Carotene, Hydrocolloids), Application (Food and Beverages, Nutraceuticals and Dietary Supplements, Animal Feed, Pharmaceuticals, Personal Care Products, Others), Form (Solid, Liquid), Source(Brown Algae, Blue-Green Algae, Green Algae, Red Algae, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.
Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Algae Products market size outlook is provided for 22 countries across these regions.
Market Value Chain
The chapter identifies potential companies and their operations across the global Algae Products industry ecosystem. It assists decision-makers in evaluating global Algae Products market fundamentals, market dynamics, and disruptive trends across the value chain segments.
Scenario Analysis and Forecasts
Strategic decision-making in the Algae Products industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.
Asia Pacific Algae Products Market Analysis- A Promising Growth Arena for Business Expansion
As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.
The State of Europe Algae Products Industry 2025- Focus on Accelerating Competitiveness
As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Algae Products with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Algae Products market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.
The US Algae Products market Insights- Executives are most excited about opportunities for the US Algae Products industry.
Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Algae Products companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Algae Products market.
Latin American Algae Products market outlook rebounds in line with economic growth.
Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.
Middle East and Africa Algae Products Markets- New Opportunities for Companies Harnessing Diversity
Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Algae Products markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Algae Products markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.
Competitive Landscape- How Algae Products companies outcompete in 2025?
The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Algatechnologies Ltd., BASF SE, Cargill Incorporated, Corbion NV, CP Kelco Holdings Inc., Cyanotech Corporation, DowDuPont Inc, E.I.D. Parry (India) Limited, Fenchem Biotek Holdings Inc., Ingredion Incorporated, Kerry Group plc, Roquette Frères S.A., Royal DSM N.V.
Algae Products Market Scope
Leading Segments
By Type
Spirulina
Chlorella
Astaxanthin
Beta Carotene
Hydrocolloids
By Application
Food and Beverages
Nutraceuticals and Dietary Supplements
Animal Feed
Pharmaceuticals
Personal Care Products
Others
By Form
Solid
Liquid
By Source
Brown Algae
Blue-Green Algae
Green Algae
Red Algae
Others
Leading Companies
Algatechnologies Ltd.
BASF SE
Cargill Incorporated
Corbion NV
CP Kelco Holdings Inc.
Cyanotech Corporation
DowDuPont Inc
E.I.D. Parry (India) Limited
Fenchem Biotek Holdings Inc.
Ingredion Incorporated
Kerry Group plc
Roquette Frères S.A.
Royal DSM N.V.
Geographies
North America- US, Canada, Mexico
Europe- Germany, France, UK, Spain, Italy, Nordics, BeNeLux, Others
Asia Pacific- China, India, Japan, South Korea, Australia, South East Asia, Others
Latin America- Brazil, Argentina, Others
Middle East and Africa- Saudi Arabia, UAE, Other Middle East, South Africa, Other Africa
Reasons to Buy the report
The global Algae Products market is expected to register a growth rate of 7.1% during the forecast period from $5.9 Billion in 2024 to $10.2 Billion in 2032. The Algae Products market is a thriving business that is poised to keep growing and presents potential growth opportunities for companies across the industry value chain.
The comprehensive market research report presents 12-year historic and forecast data on Algae Products segments across 22 countries from 2021 to 2032. Key segments in the report include By Type(Spirulina, Chlorella, Astaxanthin, Beta Carotene, Hydrocolloids), Application (Food and Beverages, Nutraceuticals and Dietary Supplements, Animal Feed, Pharmaceuticals, Personal Care Products, Others), Form (Solid, Liquid), Source(Brown Algae, Blue-Green Algae, Green Algae, Red Algae, Others). Over 70 tables and charts showcase findings from our latest survey report on Algae Products markets.
Algae Products Market Insights, 2025
The algae products market is rapidly expanding due to the versatile applications of algae as a sustainable source of nutrition, bioactive compounds, and industrial raw materials. Algae-derived products include dietary supplements, food additives, cosmetics, biofuels, and pharmaceuticals. Spirulina, chlorella, and kelp are among the most commercially exploited species, prized for their high protein content, antioxidants, and unique bioactive molecules. Increasing environmental concerns, coupled with the demand for alternative protein and sustainable ingredients, propel market growth. Innovations in cultivation, harvesting, and processing improve yield, purity, and cost-efficiency. The market also benefits from advances in biotechnology, enabling tailored algae strains with enhanced functional properties. Regulatory landscapes vary, with approvals for food, feed, and pharma applications influencing market penetration. The algae products market exemplifies the intersection of health, sustainability, and bioeconomy trends globally.
Five Trends that will define global Algae Products market in 2025 and Beyond
A closer look at the multi-million global market for Algae Products identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Algae Products companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.
What are the biggest opportunities for growth in the Algae Products industry?
The Algae Products sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2030. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.
Algae Products Market Segment Insights
The Algae Products industry presents strong offers across categories. The analytical report offers forecasts of Algae Products industry performance across segments and countries. Key segments in the industry include- By Type(Spirulina, Chlorella, Astaxanthin, Beta Carotene, Hydrocolloids), Application (Food and Beverages, Nutraceuticals and Dietary Supplements, Animal Feed, Pharmaceuticals, Personal Care Products, Others), Form (Solid, Liquid), Source(Brown Algae, Blue-Green Algae, Green Algae, Red Algae, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.
Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Algae Products market size outlook is provided for 22 countries across these regions.
Market Value Chain
The chapter identifies potential companies and their operations across the global Algae Products industry ecosystem. It assists decision-makers in evaluating global Algae Products market fundamentals, market dynamics, and disruptive trends across the value chain segments.
Scenario Analysis and Forecasts
Strategic decision-making in the Algae Products industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.
Asia Pacific Algae Products Market Analysis- A Promising Growth Arena for Business Expansion
As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.
The State of Europe Algae Products Industry 2025- Focus on Accelerating Competitiveness
As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Algae Products with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Algae Products market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.
The US Algae Products market Insights- Executives are most excited about opportunities for the US Algae Products industry.
Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Algae Products companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Algae Products market.
Latin American Algae Products market outlook rebounds in line with economic growth.
Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.
Middle East and Africa Algae Products Markets- New Opportunities for Companies Harnessing Diversity
Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Algae Products markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Algae Products markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.
Competitive Landscape- How Algae Products companies outcompete in 2025?
The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Algatechnologies Ltd., BASF SE, Cargill Incorporated, Corbion NV, CP Kelco Holdings Inc., Cyanotech Corporation, DowDuPont Inc, E.I.D. Parry (India) Limited, Fenchem Biotek Holdings Inc., Ingredion Incorporated, Kerry Group plc, Roquette Frères S.A., Royal DSM N.V.
Algae Products Market Scope
Leading Segments
By Type
Spirulina
Chlorella
Astaxanthin
Beta Carotene
Hydrocolloids
By Application
Food and Beverages
Nutraceuticals and Dietary Supplements
Animal Feed
Pharmaceuticals
Personal Care Products
Others
By Form
Solid
Liquid
By Source
Brown Algae
Blue-Green Algae
Green Algae
Red Algae
Others
Leading Companies
Algatechnologies Ltd.
BASF SE
Cargill Incorporated
Corbion NV
CP Kelco Holdings Inc.
Cyanotech Corporation
DowDuPont Inc
E.I.D. Parry (India) Limited
Fenchem Biotek Holdings Inc.
Ingredion Incorporated
Kerry Group plc
Roquette Frères S.A.
Royal DSM N.V.
Geographies
North America- US, Canada, Mexico
Europe- Germany, France, UK, Spain, Italy, Nordics, BeNeLux, Others
Asia Pacific- China, India, Japan, South Korea, Australia, South East Asia, Others
Latin America- Brazil, Argentina, Others
Middle East and Africa- Saudi Arabia, UAE, Other Middle East, South Africa, Other Africa
Reasons to Buy the report
- Make informed decisions through long and short-term forecasts across 22 countries and segments.
- Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
- Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
- Get an integrated understanding of the entire market ecosystem and companies.
- Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
- Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
- Get free Excel spreadsheet and PPT versions along with the report PDF.
Table of Contents
185 Pages
- 1. Table of Contents
- List of Figures and Tables
- 2. Executive Summary
- 2.1 Key Highlights
- 2.1.1 Algae Products Market Size Outlook, 2018-2024 and 2025-2032
- 2.1.2 Largest Algae Products Market Types and Applications
- 2.1.3 Fastest Growing Segments
- 2.1.4 Potential Markets
- 2.1.5 Market Concentration
- 2.2 Market Scope and Segmentation
- 2.2.1 Market Scope- Segments
- 2.2.2 Market Scope- Countries
- 2.2.3 Macroeconomic and Demographic Outlook
- 2.2.4 Abbreviations
- 2.2.5 Units and Currency Conversions
- 3. Research Methodology
- 3.1 Primary Research Surveys
- 3.2 Secondary Data Sources
- 3.3 Data Triangulation
- 3.4 Forecast Methodology
- 3.5 Assumptions and Limitations
- 4. Introduction to Global Algae Products Market in 2025
- 4.1 Industry Panorama
- 4.2 Leading Companies Profiled in the Study
- 4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
- 4.4 Market Dynamics
- 4.4.1 Market Dynamics- Trends and Drivers
- 4.4.2 Market Dynamics- Opportunities and Challenges
- 4.5 Regional Analysis
- 4.6 Porter’s Five Force Analysis
- 4.6.1 Intensity of Competitive Rivalry
- 4.6.2 Threat of New Entrants
- 4.6.3 Threat of Substitutes
- 4.6.4 Bargaining Power of Buyers
- 4.6.5 Bargaining Power of Suppliers
- 4.7 Algae Products Industry Value Chain Analysis
- 4.7.1 Stage of Value Chain
- 4.7.2 Key Activities of Companies
- 4.7.3 Companies Included in Each Stage
- 4.7.4 Key Insights
- 5. Algae Products Market Outlook to 2032
- 5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
- 5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
- 5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032
- By Type
- Spirulina
- Chlorella
- Astaxanthin
- Beta Carotene
- Hydrocolloids
- By Application
- Food and Beverages
- Nutraceuticals and Dietary Supplements
- Animal Feed
- Pharmaceuticals
- Personal Care Products
- Others
- By Form
- Solid
- Liquid
- By Source
- Brown Algae
- Blue-Green Algae
- Green Algae
- Red Algae
- Others
- 6. Global Algae Products Market Outlook across Growth Scenarios
- 6.1 Low Growth Scenario
- 6.2 Base/Reference Case
- 6.3 High Growth Scenario
- 6. North America Algae Products Market Size Outlook
- 6.1 Key Market Statistics, 2024
- 6.2 North America Algae Products Market Trends and Growth Opportunities
- 6.2.1 North America Algae Products Market Outlook by Type
- 6.2.2 North America Algae Products Market Outlook by Application
- 6.3 North America Algae Products Market Outlook by Country
- 6.3.1 The US Algae Products Market Outlook, 2021- 2032
- 6.3.2 Canada Algae Products Market Outlook, 2021- 2032
- 6.3.3 Mexico Algae Products Market Outlook, 2021- 2032
- 7. Europe Algae Products Market Size Outlook
- 7.1 Key Market Statistics, 2024
- 7.2 Europe Algae Products Market Trends and Growth Opportunities
- 7.2.1 Europe Algae Products Market Outlook by Type
- 7.2.2 Europe Algae Products Market Outlook by Application
- 7.3 Europe Algae Products Market Outlook by Country
- 7.3.2 Germany Algae Products Market Outlook, 2021- 2032
- 7.3.3 France Algae Products Market Outlook, 2021- 2032
- 7.3.4 The UK Algae Products Market Outlook, 2021- 2032
- 7.3.5 Spain Algae Products Market Outlook, 2021- 2032
- 7.3.6 Italy Algae Products Market Outlook, 2021- 2032
- 7.3.7 Russia Algae Products Market Outlook, 2021- 2032
- 7.3.8 Rest of Europe Algae Products Market Outlook, 2021- 2032
- 8. Asia Pacific Algae Products Market Size Outlook
- 8.1 Key Market Statistics, 2024
- 8.2 Asia Pacific Algae Products Market Trends and Growth Opportunities
- 8.2.1 Asia Pacific Algae Products Market Outlook by Type
- 8.2.2 Asia Pacific Algae Products Market Outlook by Application
- 8.3 Asia Pacific Algae Products Market Outlook by Country
- 8.3.1 China Algae Products Market Outlook, 2021- 2032
- 8.3.2 India Algae Products Market Outlook, 2021- 2032
- 8.3.3 Japan Algae Products Market Outlook, 2021- 2032
- 8.3.4 South Korea Algae Products Market Outlook, 2021- 2032
- 8.3.5 Australia Algae Products Market Outlook, 2021- 2032
- 8.3.6 South East Asia Algae Products Market Outlook, 2021- 2032
- 8.3.7 Rest of Asia Pacific Algae Products Market Outlook, 2021- 2032
- 9. South America Algae Products Market Size Outlook
- 9.1 Key Market Statistics, 2024
- 9.2 South America Algae Products Market Trends and Growth Opportunities
- 9.2.1 South America Algae Products Market Outlook by Type
- 9.2.2 South America Algae Products Market Outlook by Application
- 9.3 South America Algae Products Market Outlook by Country
- 9.3.1 Brazil Algae Products Market Outlook, 2021- 2032
- 9.3.2 Argentina Algae Products Market Outlook, 2021- 2032
- 9.3.3 Rest of South and Central America Algae Products Market Outlook, 2021- 2032
- 10. Middle East and Africa Algae Products Market Size Outlook
- 10.1 Key Market Statistics, 2024
- 10.2 Middle East and Africa Algae Products Market Trends and Growth Opportunities
- 10.2.1 Middle East and Africa Algae Products Market Outlook by Type
- 10.2.2 Middle East and Africa Algae Products Market Outlook by Application
- 10.3 Middle East and Africa Algae Products Market Outlook by Country
- 10.3.1 Saudi Arabia Algae Products Market Outlook, 2021- 2032
- 10.3.2 The UAE Algae Products Market Outlook, 2021- 2032
- 10.3.3 Rest of Middle East Algae Products Market Outlook, 2021- 2032
- 10.3.4 South Africa Algae Products Market Outlook, 2021- 2032
- 10.3.5 Egypt Algae Products Market Outlook, 2021- 2032
- 10.3.6 Rest of Africa Algae Products Market Outlook, 2021- 2032
- 11. Company Profiles
- 11.1 Leading 10 Companies
- Algatechnologies Ltd.
- BASF SE
- Cargill Incorporated
- Corbion NV
- CP Kelco Holdings Inc.
- Cyanotech Corporation
- DowDuPont Inc
- E.I.D. Parry (India) Limited
- Fenchem Biotek Holdings Inc.
- Ingredion Incorporated
- Kerry Group plc
- Roquette Frères S.A.
- Royal DSM N.V.
- 11.2 Overview
- 11.3 Products and Services
- 11.4 SWOT Profile
- 12. Appendix
- 12.1 Subscription Options
- 12.2 Customization Options
- 12.3 Publisher Details
Pricing
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