DUBLIN–(BUSINESS WIRE)–The “Phycocyanin Market by Form (Liquid, Powder), by Grade (Food Grade, Cosmetic Grade, Reagent Grade, Analytical Grade) by Application (Food and Beverages, Pharmaceutical and Nutraceutical, Diagnostics and Biomedical), Geography – Global Forecast To 2027” report has been added to ResearchAndMarkets.com’s offering.
This report provides an in-depth analysis of the phycocyanin market in five major geographies and emphasizes the current market trends, market size, market share, recent developments, and forecast till 2027. The global phycocyanin market is expected to grow at a CAGR of 28.5% from 2020 to 2027 to reach $245.5 million by 2027.
The growth of this market is mainly attributed to key factors such as increased adoption of phycocyanin in the manufacturing of therapeutic & nutritional products, growing reluctance towards the usage of synthetic colors, rising demand for natural blue colorants, and investments from leading color houses in the phycocyanin space. However, the high cost of natural colors and purification and extraction, the complex production procedure of spirulina, and the risk of algae contamination are factors that are expected to hinder the growth of the global phycocyanin market to some extent.
The study offers a comprehensive analysis of the global phycocyanin market with respect to form (powder and liquid), grade (food, cosmetic, reagent, and analytical grade), application (food and beverages, pharmaceutical and nutraceutical, cosmetic, and diagnostics and biomedical), and geography. The study also evaluates industry competitors and analyses the market at a country level.
Companies Mentioned
- Earthrise Nutritionals LLC (U.S.)
- Yunnan Green A Biological Project Co. Ltd (China)
- Zhejiang Binmei Biotechnology Co. Ltd (China)
- Fuqing King Dnarmsa Spirulina Co. Ltd. (China)
- Tianjin Norland Biotech Co. Ltd (China)
- Bluetec Naturals Co. Ltd (China)
- BlueBioTech Int. GmbH (Germany)
- Dongtai City Spirulina Bio-engineering Co. Ltd. (China)
- Parry Nutraceuticals (India)
- Japan Algae Co. Ltd. (Japan)
- Qingdao ZolanBio Co. Ltd. (China)
- AlgoSource (France)
- D.D. Williamson & Co. Inc. (U.S.)
- Wellisen Nutraceuticals (India)
- Chr Hansen Holding A/S (Denmark)
- Sensient Technologies Corporation (U.S.)
- Naturex (France)
- GNT Group (Netherlands)
- Phyco-Biotech Laboratories (France)
- Sigma-Aldrich Corporation (U.S.).
Key questions answered in the report:
- Which are the high growth market segments in terms of the form, grade, application, and countries/regions?
- What is the historical market for phycocyanin across the globe?
- What are the market forecasts and estimates for the period of 2020-2027?
- What are the major drivers, restraints, and opportunities in the global phycocyanin market?
- Who are the major players in the global market, and what share of the market do they hold?
- Who are the major players in various countries, and what share of the market do they hold?
- How is the competitive landscape?
- What recent developments have taken place in the global phycocyanin market?
- What are the different strategies adopted by the major players in this market?
- What are the key geographic trends, and which are the high growth countries?
- Who are the local emerging players in the global phycocyanin market, and how do they compete with the other market players?
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Increased Adoption of Phycocyanin for Nutraceuticals & Nutritional Purposes
4.2.2. Reluctance towards the Usage of Synthetic Colours
4.2.2.1. Stringent Regulations on Synthetic Colour Additives
4.2.2.2. Health Hazards Due to Synthetic Colours
4.2.3. Rising Demand for Natural Blue Colorants
4.2.4. Investments from Leading Colour Houses in the Phycocyanin Space
4.3. Restraints
4.3.1. High Cost of Natural Colours
4.3.2. High Cost of Purification and Extraction
4.3.3. Complex Process for Algae Production
4.4. Opportunities
4.4.1. Phycocyanin: A Potential Pharmaceutical Drug
4.4.2. Increasing Awareness Regarding Clean-Label Products
4.5. Sources of Phycocyanin
4.6. Impact of Covid-19 on the Phycocyanin Market
4.7. Phycocyanin Production Analysis
5. Phycocyanin Market, By form
5.1. Introduction
5.2. Powder
5.3. Liquid
6. Phycocyanin Market, By Grade
6.1. Introduction
6.2. Food Grade
6.3. Cosmetic Grade
6.4. Reagent and Analytical Grade
7. Phycocyanin Market, By Application
7.1. Introduction
7.2. Food and Beverage
7.3. Pharmaceutical & Nutraceutical
7.4. Cosmetics
7.5. Diagnostics and Biomedical
8. Phycocyanin Market, By Geography
8.1. Introduction
8.2. Europe
8.3. North America
8.4. Asia-Pacific
8.5. Latin America
8.6. Middle East & Africa
9. Competitive Landscape
9.1. Introduction
10. Company Profiles
11. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/omqb4p
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