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Phycocyanin Market by Form (Powder and Liquid), Grade (Food Grade, Pharma Grade, and Reagent & Analytical Grade) and Application (Food & Beverages, Pharmaceuticals, Cosmetics, Nutraceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12344
Pages: 303
Jul 2021 | 148 Views
   
Author(s) : Anil Kamble , Roshan Deshmukh
Tables: 137
Charts: 67
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The phycocyanin market size was valued at $155.3 million in 2020, and is estimated to reach $409.8 million by 2030, registering a CAGR of 9.6% from 2021 to 2030. 

Phycocyanin is a water-soluble, fluorescent, blue pigment protein that belongs to the family of phycobiliproteins, which are the photosynthetic accessory pigments in cyanobacteria and certain red algae. It is obtained by extraction from Arthrospira platensis. 

Phycocyanin-Market-2021-2027

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Increased adoption of the phycocyanin for food color processing, manufacturing of dietary supplement, nutraceuticals, and therapeutic products is expected to boost the demand for phycocyanin during the forecast period. Consumer awareness regarding health hazards due to the synthetic colors and use of the spirulina as high nutritional food source and coloring agent are further attributed for the growth of the market during the forecast period. Consumption of the synthetic colors through food & beverages are showing the major serious side effects such as hyperactivity in children, as well as cancer and allergies.

Phycocyanin extracted from spirulina has both nutritional and coloring properties; therefore, gaining major traction in the food & beverages industry. Many countries are banning the trading of products containing synthetic food colors, which is positively impacting the growth of the phycocyanin market. For instance, Allura red AC is a synthetic food color banned in Denmark, Belgium, France, and Switzerland. Furthermore, increase in product launch related to natural and organic food color is likely to increase the phycocyanin market size during the forecast period. For instance,  DDW Inc. is food colorant manufacturing company, which launched a new blue color phycocyanin liquid with improved light stability by up to 40%. However, high cost of natural colors, purification and its extractions and risk of algae contamination are likely to restrain the growth of the phycocyanin market. 

The outbreak of the COVID-19 pandemic has adversely affected the food & beverages industry; however, the phycocyanin market has been witnessing significant growth due to its applications in dietary supplement, nutraceuticals, and pharmaceutical industries. During the pandemic, people are highly inclined to adopt the health food to boost their immunity powers, which significantly accelerated the demand for health-related food and medicinal products; thus, phycocyanin with high nutritional and therapeutic applications gained major traction during the pandemic.

According to the phycocyanin market analysis, the phycocyanin market is segmented on the basis of form, grade, application, and region. On the basis of form, the market is categorized into powder and liquid.

On the basis of grade, the market is categorized into food grade, pharma grade and reagent & analytical grade. By application, it is segregated into food & beverages, pharmaceuticals, cosmsetics, nutraceuticals and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).

On the basis of form, the powder segment accounted for the around half of the global phycocyanin market share in 2020, and is expected to maintain this trend during the forecast period. This is majorly attributed to advantages of using phycocyanin powder as it easily and quickly breaks down and offers high comfort of digestion in comparison to other forms. In addition, powder allows active nutrient delivery and offers high flexibility with dosing.

Phycocyanin Market
By Form

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Powder segment helds the major share of 92.4% in 2020

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According to the phycocyanin market trends, depending on grade, the food grade segment was valued at $138.6 million in 2020, and is expected to reach $360.4 million by 2030, with a CAGR of 9.5%. The major share of this segment is mainly attributed to the rising use of phycocyanin as the alternative for synthetic color used in food & beverages, growing consumer preference toward organic and natural ingredient based food products, and stringent regulations against synthetic colors. Furthermore, increase in awareness regarding the health hazards due to the consumption of the synthetic colors is expected to generate more demand for phycocyanin. For instance, higher consumption of tartrazine is linked to cancer and is known to provoke asthma attacks and skin reactions

Phycocyanin Market
By Grade

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Food Grade segment helds the major share of 89.2% in 2020

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On the basis of application, the pharmaceutical segment was valued at $12.5million in 2020, and is expected to reach $35.8 million by 2030, with a CAGR of 10.5%. This is majorly attributed to medical efficacy of the phycocyanin from spirulina as contain high nutrition, vitamins, beta-carotene, and antioxidants.  Furthermore, considerable use of the phycocyanin for cancer diagnosis is likely to generate more demand and traction of the phycocyanin in the pharmaceutical industry. For instance, according to the report by Ganter et al, only 10% of standard dose of topotecan was combined with C-PC, the prostate cancer cells (LNCaP) were killed at a higher rate than when topotecan was used alone at full dose.  C-PC induce apoptosis through generation of ROS and activation of caspase-9 and caspase-8.7.

Phycocyanin Market
By Application

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Food and Beverages segment helds the major share of 67.9% in 2020

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North America dominated the phycocyanin market in 2020, and is expected to sustain its dominance throughout the phycocyanin market forecast period. The North America phycocyanin market is strongly driven by growing applications of phycocyanin in various sectors such as food & beverages, pharmaceutical, and cosmetic sectors. Furthermore, the demand for phycocyanin in North America is due to increase in demand for natural food color products and rise in health consciousness among consumers. Moreover, upsurge in prevalence of diseases caused by artificial colors has encouraged people to opt for natural colors, which has boosted the phycocyanin market growth in North America.

Phycocyanin Market
By Region

2030
North America 
Europe
Asia Pacific
Lamea

North America Region helds the major share of 38.8% in 2020

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The players operating in the global phycocyanin market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bluetec Naturals Co., DDW Inc., DIC Corporation, Earthrise Nutritionals LLC, Japan Algae Co. Ltd., Parry Nutraceuticals, Phyco-Biotech Laboratories, Qingdao ZolanBio Co. Ltd., Sigma-Aldrich Corporation, and Yunnan Green A Biological Project Co. Ltd.

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing phycocyanin market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the phycocyanin industry.

Key Market Segments

By Form

  • Powder
  • Liquid

By Grade

  • Food grade
  • Pharma grade
  • Reagent & analytical grade 

By Application

  • Food & beverages
  • Pharmaceuticals
  • Cosmetics
  • Nutraceuticals
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The UK
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Australia
    • South Korea
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • South Africa
    • Saudi Arabia
    • Turkey
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Value chain analysis
3.4.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in demand for natural ingredient
3.5.1.2.Promotion of the production of spirulina by government
3.5.1.3.Increase in number of health hazards due to synthetic food colors
3.5.1.4.Increase in consumer demand for clean label color products

3.5.2.Restraints

3.5.2.1.Impact on phycocyanin production due to climate change
3.5.2.2.Lack of awareness regarding food colors in undeveloped nations

3.5.3.Opportunities

3.5.3.1.Untapped markets in the developing countries
3.5.3.2.Easy to cultivate due to development in cultivation technology

3.6.Market share analysis (2020)

3.6.1.By form
3.6.2.By grade
3.6.3.By application
3.6.4.By region

3.7.Parent market analysis
3.8.Impact of COVID-19 on the phycocyanin market
3.9.Market evolution/Industry roadmap
3.10.Phycocyanin from spirulina for protein production

CHAPTER 4:PHYCOCYANIN MARKET, BY FORM

4.1.Overview

4.1.1.Market size and forecast

4.2.Powder

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.Liquid

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

CHAPTER 5:PHYCOCYANIN MARKET, BY GRADE

5.1.Overview

5.1.1.Market size and forecast

5.2.Food grade

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast

5.3.Pharma grade

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

5.4.Reagent and analytical grade

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast

CHAPTER 6:PHYCOCYANIN MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast

6.2.Food & beverages

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast

6.3.Pharmaceutical

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast

6.4.Cosmetic

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast

6.5.Nutraceuticals

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast

6.6.Others

6.6.1.Key market trends, growth factors, and opportunities

6.6.1.1.Anti-cancer effects

6.6.2.Market size and forecast

CHAPTER 7:PHYCOCYANIN MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by form
7.2.3.Market size and forecast, by grade
7.2.4.Market size and forecast, by application
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by form
7.2.5.1.2.Market size and forecast, by grade
7.2.5.1.3.Market size and forecast, by application

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by form
7.2.5.2.2.Market size and forecast, by grade

7.2.5.2.3.Market size and forecast, by application

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by form
7.2.5.3.2.Market size and forecast, by grade
7.2.5.3.3.Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by form
7.3.3.Market size and forecast, by grade
7.3.4.Market size and forecast, by application
7.3.5.Market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by form
7.3.5.1.2.Market size and forecast, by grade
7.3.5.1.3.Market size and forecast, by application

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by form
7.3.5.2.2.Market size and forecast, by grade
7.3.5.2.3.Market size and forecast, by application

7.3.5.3.UK

7.3.5.3.1.Market size and forecast, by form
7.3.5.3.2.Market size and forecast, by grade
7.3.5.3.3.Market size and forecast, by application

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by form
7.3.5.4.2.Market size and forecast, by grade
7.3.5.4.3.Market size and forecast, by application

7.3.5.5.Spain

7.3.5.5.1.Market size and forecast, by form
7.3.5.5.2.Market size and forecast, by grade
7.3.5.5.3.Market size and forecast, by application

7.3.5.6.Netherlands

7.3.5.6.1.Market size and forecast, by form
7.3.5.6.2.Market size and forecast, by grade
7.3.5.6.3.Market size and forecast, by application

7.3.5.7.Rest of Europe

7.3.5.7.1.Market size and forecast, by form
7.3.5.7.2.Market size and forecast, by grade
7.3.5.7.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by form
7.4.3.Market size and forecast, by grade
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by form
7.4.5.1.2.Market size and forecast, by grade
7.4.5.1.3.Market size and forecast, by application

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by form
7.4.5.2.2.Market size and forecast, by grade
7.4.5.2.3.Market size and forecast, by application

7.4.5.3.Australia

7.4.5.3.1.Market size and forecast, by form
7.4.5.3.2.Market size and forecast, by grade
7.4.5.3.3.Market size and forecast, by application

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by form
7.4.5.4.2.Market size and forecast, by grade
7.4.5.4.3.Market size and forecast, by application

7.4.5.5.India

7.4.5.5.1.Market size and forecast, by form
7.4.5.5.2.Market size and forecast, by grade
7.4.5.5.3.Market size and forecast, by application

7.4.5.6.Rest of Asia-Pacific

7.4.5.6.1.Market size and forecast, by form
7.4.5.6.2.Market size and forecast, by grade
7.4.5.6.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by form
7.5.3.Market size and forecast, by grade
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by country

7.5.5.1.Brazil

7.5.5.1.1.Market size and forecast, by form
7.5.5.1.2.Market size and forecast, by grade
7.5.5.1.3.Market size and forecast, by application

7.5.5.2.Argentina

7.5.5.2.1.Market size and forecast, by form
7.5.5.2.2.Market size and forecast, by grade
7.5.5.2.3.Market size and forecast, by application

7.5.5.3.South Africa

7.5.5.3.1.Market size and forecast, by form
7.5.5.3.2.Market size and forecast, by grade
7.5.5.3.3.Market size and forecast, by application

7.5.5.4.Saudi Arabia

7.5.5.4.1.Market size and forecast, by form
7.5.5.4.2.Market size and forecast, by grade
7.5.5.4.3.Market size and forecast, by application

7.5.5.5.Turkey

7.5.5.5.1.Market size and forecast, by form
7.5.5.5.2.Market size and forecast, by grade
7.5.5.5.3.Market size and forecast, by application

7.5.5.6.Rest of LAMEA

7.5.5.6.1.Market size and forecast, by form
7.5.5.6.2.Market size and forecast, by grade
7.5.5.6.3.Market size and forecast, by application

CHAPTER 8:COMPETITION LANDSCAPE

8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heat map
8.5.Key developments

8.5.1.Acquisition
8.5.2.Agreement
8.5.3.Product launch

CHAPTER 9:COMPANY PROFILES

9.1.Bluetec Naturals Co. Ltd

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Product portfolio

9.2.DDW INC.

9.2.1.Company overview
9.2.2.Key Executives
9.2.3.Company snapshot
9.2.4.Product portfolio
9.2.5.Key strategic moves and developments

9.3.DIC CORPORATION

9.3.1.Company overview
9.3.2.Key Executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.R&D Expenditure
9.3.7.Business performance
9.3.8.Key strategic moves and developments

9.4.Earthrise Nutritionals LLC

9.4.1.Company overview
9.4.2.Key Executives
9.4.3.Company snapshot
9.4.4.Product portfolio

9.5.Japan Algae Co. Ltd.

9.5.1.Company overview
9.5.2.Key Executives
9.5.3.Company snapshot
9.5.4.Product portfolio

9.6.Parry Nutraceuticals

9.6.1.Company overview
9.6.2.Key Executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D Expenditure
9.6.7.Business performance

9.6.8.Key strategic moves and developments

9.7.Phyco-Biotech Laboratories

9.7.1.Company overview
9.7.2.Key Executives
9.7.3.Company snapshot
9.7.4.Product portfolio

9.8.Qingdao ZolanBio Co. Ltd.

9.8.1.Company overview
9.8.2.Key Executives
9.8.3.Company snapshot
9.8.4.Product portfolio

9.9.Sigma-Aldrich Corporation

9.9.1.Company overview
9.9.2.Key Executives
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.R&D Expenditure
9.9.7.Business performance
9.9.8.Key strategic moves and developments

9.10.Yunnan Green A Biological Project Co. Ltd

9.10.1.Company overview
9.10.2.Key Executives
9.10.3.Company snapshot
9.10.4.Product portfolio

LIST OF TABLES

TABLE 01.PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 02.POWDER PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 03.LIQUID PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 04.PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 05.STEPS IN PURIFICATION OF PHYCOCYANIN
TABLE 06.FOOD GRADE PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 07.PHARMA GRADE PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 08.REAGENT AND ANALYTICAL GRADE PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 09.PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 10.FOOD & BEVERAGES PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 11.PHARMACEUTICAL PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 12.COSMETIC PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 13.NUTRACEUTICALS PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 14.VARIOUS MECHANISMS OF ANTITUMOR ACTIVITY OF C-PC ISOLATED FROM SPIRULINA PLATENSIS
TABLE 15.DIAGNOSTICS PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 16.PHYCOCYANIN MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 17.NORTH AMERICA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 18.NORTH AMERICA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 19.NORTH AMERICA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 20.NORTH AMERICA PHYCOCYANIN MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 21.U.S. PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 22.U.S. PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 23.U.S PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 24.CANADA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 25.CANADA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 26.CANADA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 27.MEXICO PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 28.MEXICO PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 29.MEXICO PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 30.EUROPE PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 31.EUROPE PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 32.EUROPE PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 33.EUROPE PHYCOCYANIN MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 34.GERMANY PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 35.GERMANY. PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 36.GERMANY PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 37.FRANCE PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 38.FRANCE. PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 39.FRANCE PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 40.UK PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 41.UK PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 42.UK PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 43.ITALY PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 44.ITALY PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 45.ITALY PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 46.SPAIN PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 47.SPAIN PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 48.SPAIN PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 49.NETHERLANDS PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 50.NETHERLANDS PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 51.NETHERLANDS PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 52.REST OF EUROPE PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 53.REST OF EUROPE PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 54.REST OF EUROPE PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 55.ASIA-PACIFIC PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 56.ASIA-PACIFIC PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 57.ASIA-PACIFIC PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 58.ASIA-PACIFIC PHYCOCYANIN MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 59.CHINA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 60.CHINA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 61.CHINA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 62.JAPAN PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 63.JAPAN PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 64.JAPAN PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 65.AUSTRALIA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 66.AUSTRALIA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 67.AUSTRALIA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 68.SOUTH KOREA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 69.SOUTH KOREA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 70.SOUTH KOREA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 71.INDIA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 72.INDIA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 73.INDIA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 75.REST OF ASIA-PACIFIC PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 76.REST OF ASIA-PACIFIC PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 77.LAMEA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 78.LAMEA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 79.LAMEA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 80.LAMEA PHYCOCYANIN MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 81.BRAZIL PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 82.BRAZIL PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 83.BRAZIL PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 84.ARGENTINA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 85.ARGENTINA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 86.ARGENTINA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 87.SOUTH AFRICA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 88.SOUTH AFRICA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 89.SOUTH AFRICA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 90.SAUDI ARABIA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 91.SAUDI ARABIA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 92.SAUDI ARABIA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 93.TURKEY PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 94.TURKEY PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 95.TURKEY PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 96.REST OF LAMEA PHYCOCYANIN MARKET, BY FORM, 2020–2030 ($MILLION)
TABLE 97.REST OF LAMEA PHYCOCYANIN MARKET, BY GRADE, 2020–2030 ($MILLION)
TABLE 98.REST OF LAMEA PHYCOCYANIN MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 99.BLUETEC NATURALS CO. LTD: KEY EXECUTIVES
TABLE 100.BLUETEC NATURALS CO. LTD: COMPANY SNAPSHOT
TABLE 101.BLUETEC NATURALS CO. LTD: PRODUCT PORTFOLIO
TABLE 102.DDW INC.: KEY EXECUTIVES
TABLE 103.DDW INC.: COMPANY SNAPSHOT
TABLE 104.DDW INC.: PRODUCT PORTFOLIO
TABLE 105.DIC CORPORATION: KEY EXECUTIVES
TABLE 106.DIC CORPORATION: COMPANY SNAPSHOT
TABLE 107.DIC CORPORATION: OPERATING SEGMENTS
TABLE 108.DIC CORPORATION: PRODUCT PORTFOLIO
TABLE 109.DIC CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 110.DIC CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 111.EARTHRISE NUTRITIONALS LLC: KEY EXECUTIVES
TABLE 112.EARTHRISE NUTRITIONALS LLC: COMPANY SNAPSHOT
TABLE 113.EARTHRISE NUTRITIONALS LLC: PRODUCT PORTFOLIO
TABLE 114.JAPAN ALGAE CO. LTD.: KEY EXECUTIVES
TABLE 115.JAPAN ALGAE CO. LTD.: COMPANY SNAPSHOT
TABLE 116.JAPAN ALGAE CO. LTD.: PRODUCT PORTFOLIO
TABLE 117.PARRY NUTRACEUTICALS: KEY EXECUTIVES
TABLE 118.PARRY NUTRACEUTICALS: COMPANY SNAPSHOT
TABLE 119.PARRY NUTRACEUTICALS: OPERATING SEGMENTS
TABLE 120.PARRY NUTRACEUTICALS: PRODUCT PORTFOLIO
TABLE 121.PARRY NUTRACEUTICALS: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 122.PARRY NUTRACEUTICALS: NET SALES, 2017–2019 ($MILLION)
TABLE 123.PHYCO-BIOTECH LABORATORIES: KEY EXECUTIVES
TABLE 124.PHYCO-BIOTECH LABORATORIES: COMPANY SNAPSHOT
TABLE 125.PHYCO-BIOTECH LABORATORIES: PRODUCT PORTFOLIO
TABLE 126.QINGDAO ZOLANBIO CO. LTD.: KEY EXECUTIVES
TABLE 127.QINGDAO ZOLANBIO CO. LTD.: COMPANY SNAPSHOT
TABLE 128.QINGDAO ZOLANBIO CO. LTD.: PRODUCT PORTFOLIO
TABLE 129.SIGMA-ALDRICH CORPORATION: KEY EXECUTIVES
TABLE 130.SIGMA-ALDRICH CORPORATION: COMPANY SNAPSHOT
TABLE 131.SIGMA-ALDRICH CORPORATION: OPERATING SEGMENTS
TABLE 132.SIGMA-ALDRICH CORPORATION: PRODUCT PORTFOLIO
TABLE 133.SIGMA-ALDRICH CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 134.SIGMA-ALDRICH CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 135.YUNNAN GREEN A BIOLOGICAL PROJECT CO. LTD: KEY EXECUTIVES
TABLE 136.YUNNAN GREEN A BIOLOGICAL PROJECT CO. LTD: COMPANY SNAPSHOT
TABLE 137.YUNNAN GREEN A BIOLOGICAL PROJECT CO. LTD: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.PHYCOCYANIN MARKET SNAPSHOT
FIGURE 02.PHYCOCYANIN MARKET: SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.VALUE CHAIN ANALYSIS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.HIGH BARGAINING POWER OF BUYERS
FIGURE 07.MODERATE THREAT OF SUBSTITUTION
FIGURE 08.MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10.PHYCOCYANIN MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.MARKET SHARE ANALYSIS, BY FORM
FIGURE 12.MARKET SHARE ANALYSIS, BY GRADE
FIGURE 13.MARKET SHARE ANALYSIS, BY APPLICATION
FIGURE 14.MARKET SHARE ANALYSIS, BY REGION
FIGURE 15.PARENT MARKET ANALYSIS FOR PHYCOCYANIN MARKET
FIGURE 16.MAJOR AND EMERGING STRAINS CROSS-LINKED TO THE PRODUCTS
FIGURE 17.PHYCOCYANIN MARKET, BY FORM, 2020 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF POWDER PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF LIQUID PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.GLOBAL PHYCOCYANIN MARKET, BY GRADE, 2020 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF FOOD GRADE PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF PHARMA GRADE PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF REAGENT AND ANALYTICAL GRADE PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.GLOBAL PHYCOCYANIN MARKET, BY APPLICATION, 2020 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF FOOD & BEVERAGES PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF PHARMACEUTICAL PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF COSMETIC PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.CLINICAL SIGNIFICANCE OF THE PHYCOCYANIN
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF NUTRACEUTICALS PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF OTHERS PHYCOCYANIN MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.PHYCOCYANIN MARKET, BY REGION, 2020 (%)
FIGURE 32.U.S. PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 33.CANADA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 34.MEXICO PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 35.GERMANY PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 36.FRANCE PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 37.UK PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 38.ITALY PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 39.SPAIN PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 40.NETHERLANDS PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 41.REST OF EUROPE PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 42.CHINA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 43.JAPAN PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 44.AUSTRALIA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 45.SOUTH KOREA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 46.INDIA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 47.REST OF ASIA-PACIFIC PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 48.BRAZIL PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 49.ARGENTINA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 50.SOUTH AFRICA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 51.SAUDI ARABIA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 52.TURKEY PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 53.REST OF LAMEA PHYCOCYANIN MARKET, 2020–2030 ($MILLION)
FIGURE 54.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 55.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021* (%)
FIGURE 56.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 57.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 58.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 59.DIC CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 60.DIC CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 61.DIC CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 62.PARRY NUTRACEUTICALS: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 63.PARRY NUTRACEUTICALS: NET SALES, 2017–2019 ($MILLION)
FIGURE 64.PARRY NUTRACEUTICALS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 65.SIGMA-ALDRICH CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 66.SIGMA-ALDRICH CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 67.SIGMA-ALDRICH CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)

 
 

In accordance with several interviews conducted, top-level CXOs agree that the food & beverages industry has slowly started phasing out artificial colors due to rise in safety concerns and increase in demand for natural colors. Phycocyanin is considered to be one of the popular natural food colors among the food & beverage manufacturers. Phycocyanin extracted from spirulina is a protein that imparts a vibrant blue color. In addition, it can be combined with other colors to make customized colors such as green and lavender or violet shades, which makes it ideal for usage in various food & beverages products.

Phycocyanin extracted from Spirulina comprises high antioxidant, hypolipidemic, beta-carotene, and anti-inflammatory properties. It offers health benefits such as reduced cholesterol and blood pressure, owing to exceptional properties. Growth in penetration of spirulina based phycocyanin in the cosmetics and pharmaceutical industries is further expected to fuel the growth of the market during the forecast period.

North America was the leading revenue contributor to the global phycocyanin market in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to its increase in demand for naturally derived food coloring agents in the region. However, Asia-Pacific is expected to grow at the highest CAGR during the study period, as it offers lucrative opportunities for the market players, owing to favorable production environment for the phycocyanin processing industry in the region.

However, the existing challenges such as close substitutes and lack of awareness regarding the phycocyanin benefits are expected to hamper the growth of the phycocyanin market during the forecast period. Furthermore, high cost of natural colors, purification, and its extractions and risk of algae contamination are likely to restrain the growth of the market.

 

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A. The phycocyanin market size was valued at $155.3 million in 2020, and is estimated to reach $409.8 million by 2030, registering a CAGR of 9.6% from 2021 to 2030.

A. The CAGR of Phycocyanin Market is 9.6% from 2021 to 2030

A. You can request sample report of phycocyanin market from www.alliedmarketresearch.com or call our sales representatives on +1-800-792-5285 ( U.S. - Canada toll free ), Int'l : +1-503-894-6022, + 44-845-528-1300 ( Europe ). You can drop us an email at help@alliedmarketresearch.com for sample.

A. The base year calculated in the phycocyanin market report is 2020.

A. Phycocyanin Market is segmented into form, grade, application, and region and according to market analysis these segments are further segregated into sub-segments.

A. Bluetec Naturals Co., DDW Inc., DIC Corporation, Earthrise Nutritionals LLC, Japan Algae Co. Ltd. And Parry Nutraceuticals are some of the top companies in the phycocyanin market

A. Growing applications of phycocyanin in various sectors such as food & beverages, pharmaceutical, and cosmetic sectors and increasing demand for natural coloring agents in the replacement of synthetics food colors are the upcoming trends in phycocyanin Industry which likely to have positive impact on the growth of the phycocyanin market.

A. Food and beverage phycocyanin market holds the maximum market share of the phycocyanin market.

A. The COVID-19 pandemic positively impacted the phycocyanin market in 2021.

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