The global phycocyanin market size was estimated to be US$ 130 million in 2020 and is expected to reach US$ 391 million by 2031 at a CAGR of 10.6%.
It is a blue pigment that is imperative to help sound inflammatory reaction and has numerous cancer prevention agent traits. Phycocyanin is a trademark light blue tone, retaining orange and red light, especially almost 620 nm that is contingent upon which explicit sort it is, and radiates fluorescence at around 650 nm which is additionally relying upon which type it is.
The protein decreases impacts from the body's incendiary activities and can hinder the key catalyst, which is accountable for aggravation and discomfort. The component shapes a significant piece of nutraceutical industry resulting from the presence of a few supplements, cell reinforcements and muscle improving properties. It is plentiful in a few nutrients and fundamental supplements which have expanded its use in food items, soda pops, medications and beauty care and grooming products.
The creation of phycocyanin is significantly reliant upon a few natural factors and requires lakes, sand, lakes, spotless and unadulterated air according to the manufacturing specific conditions which is relied upon to thwart the market size during 2021-2031. Moreover, the item is incredibly temperature delicate and wide vacillations in ecological conditions can fundamentally influence the nature of the item. Be that as it may, prevalent medical advantages of item and non-poisonous nature have assisted its demand from discrete end-use enterprises, which ought to exalt the business development in coming years. It is widely used in prescriptions and hereditary qualities, resulting from its regular fluorescence and remarkable strength under high temperature.
Booming purchaser spending on naturally produced food items relating to their current agreeable nature is relied upon to support industry interest in the long term. Worldwide regular phycocyanin market size from beauty care and grooming products application might enroll gains that are significantly high by 2025 relating to the expanding buyer focus on personal home care and grooming items. These regular colorants offer mitigating and cancer prevention agent attributes, have high saturating and supporting effects on the skin and don't have any harmful impact on human skin namely, allergies or inflammation, which will drive the market development during 2021-2031.
Improvement in the texture of the beauty care products utilizing organic and natural pigments and tones alongside developing mindfulness among shoppers for beauty care products which assist with forestalling the chance of disease linked with skin enhancement properties has altogether backed up the item demand from discrete industries. Besides, developing attentiveness in regard to the medical problems because of the utilization of the manufactured shading specialists remembering hyperactivity for youngsters and skin sensitivities further powers the development of the segment. Then again, the nutraceutical segment is projected to show the most noteworthy CAGR from 2023-2032.
This is resulting from the capacity of phycocyanin to incorporate great concentrated supplements all the more effectively. Based on province, North America represented the most noteworthy share as far as income in 2020 is considered, with almost two-fifths of the all the shares, and is relied upon to keep up with its prevailing share as far as income by 2031 is considered. Acquiring demand for organic and natural labeled food items and change in shopper inclination toward food with regular tones is postulated to drive the development of the market in this province. Then again, Asia-Pacific is projected to show the quickest CAGR during the forecast period of 2023-2032.
Global Phycocyanin Market Value Share Analysis, by Geography (2022)
The report titled “Global Phycocyanin Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is the forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Phycocyanin Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Phycocyanin market is segmented as nature, form, grade, applications, and region. Based on nature, the Phycocyanin market is segmented into organic and conventional, other. Based on form, the Phycocyanin market is segmented into powder and liquid, other. Based on grade, the Phycocyanin market is segmented into phycocyanin E18, phycocyanin E25 and phycocyanin E3.0, other. Based on applications, the Phycocyanin market is segmented into food & beverages (confectionaries, beverages, dairy products, bakery products, baby food formula and others), nutraceutical, animal feed, medicines/pharmaceutical, biotechnology, cosmetics & personal care (face creams, moisturizers & lotions, lipsticks, eye liners, eye shadow, soaps and body wash), aquaculture and other.
Based on geography, the Global Phycocyanin Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Phycocyanin Market. Further, market share of prominent companies in the Global Phycocyanin Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Phycocyanin companies. The Global Phycocyanin Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Phycocyanin business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Phycocyanin Market.
The key players of the Global Phycocyanin Market are Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., Parry Nutraceuticals Limited, Döhler GmbH, Naturex S.A., Naturalin Bio-Resources Co., Ltd, Far East Bio-Tec Co., Ltd., Fraken Biochem Co., Ltd, and others.
Global Phycocyanin Market Key Segments:
Based on Nature
Based on Form
Based on Grade
Based on Applications
By Region
The global phycocyanin market is expected to reach US$ 391 million by 2031.
The global phycocyanin market is estimated to exhibit a CAGR of 10.6% by 2031.
Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co. are the top 5 Phycocyanin manufacturers.
North America is the principal contributor to the global phycocyanin market.
The global Phycocyanin market segmented on the basis of grade, form, nature, application and geography.
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