Published: Oct, 2019

According to a new study by TMR, the sales of phycocyanin are estimated to reach ~11 million metric tons in 2019. Growth of the phycocyanin market remains driven by a slew of aspects, which range from increased market demand for clean label products and changing regulations in the food and beverage industry, to growing awareness among consumers.  

Phycocyanin is available in various grades and forms. Phycocyanin is a blue pigment extracted from the blue-green algae - spirulina. Phycocyanin belongs to the phycobilli protein group, used primarily as a colorant in various food and beverage products in the global market. Phycocyanin Market is anticipated to grow at a rate of ~7% over the period of 2019-2029. Phycocyanin is available in organic and conventional nature. 

Due to the increasing prevalence of diseases and foodborne allergies, consumers are preferring healthy and clean label ingredients for consumption. Consumers highly care for the provenance of the food and beverage products that they consume. This is creating a trend for organically-produced ingredients and food products. This trend is not only limited to food products but is also being seen in cosmetic products. As a result, organically-produced phycocyanin is witnessing increased demand from consumers and manufacturers alike. 

phycocyanin market share

Request A Sample of Phycocyanin Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24329

Health Benefits and Nutritional Contents Associated with Phycocyanin 

Phycocyanin, extracted from the blue-green algae, used primarily as a food and beverage colorant, has numerous health benefits. Phycocyanin has been reported to have anti-oxidant, anti-inflammatory, anti-cancer, and immune improving characteristics. The use of phycocyanin for reducing cancer cell growth is being studied. However, other claimed health and nutritional benefits associated with the consumption of phycocyanin are likely to attract the attention of consumers, bolstering the demand for phycocyanin. 

Increasing Consumption of Colored and Flavored Beverages

Increasing research and development spending has enabled various novel product launches in the global food and beverage market. New colored and flavored beverages are gaining momentum in the global market, due to increased demand from the younger generation. The use of phycocyanin in flavored and colored beverages provides blue color to the end product with enhanced functional property as well. Due to the increased consumption of beverage and food products, the demand for phycocyanin is also increasing in the global market.   

Global Phycocyanin Market: Competitive Landscape 

Some of the key players in the global phycocyanin market are Cyanotech Corp., Chr. Hansen Holding A/S, DIC Corporation, Naturalin Bio-Resources Co., Dongtai City Spirulina Bio-Engineering Co., Ltd., GNT Holding B.V., Fuqing King Dnarmsa Spirulina Co., Ltd., Sensient Technologies Corp., Fraken Biochem Co., Ltd., Parry Nutraceuticals Limited, Döhler GmbH, Naturex S.A., Ltd., Far East Bio-Tec Co., Ltd., DDW Inc., and others. 

Global Phycocyanin Market: Segmentation 

Phycocyanin Market by Nature

  • Organic
  • Conventional

Phycocyanin Market by Form

  • Powder
  • Liquid

Phycocyanin Market by Grade

  • Phycocyanin E18
  • Phycocyanin E25
  • Phycocyanin E3.0

Phycocyanin Market by Application

  • Food & Beverages
    • Confectioneries
    • Beverages
    • Dairy Products
    • Bakery Products
    • Baby Food Formula
    • Others
  • Cosmetics & Personal Care
    • Face Creams
    • Moisturizers & Lotions
    • Lipsticks
    • Eye Liners
    • Eye Shadow
    • Soaps
    • Body Wash
  • Nutraceuticals
  • Animal Feed
  • Aquaculture

Phycocyanin Market by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific Excluding Japan
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa 

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information. 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. 

Contact

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/