Phycocyanin Market

Phycocyanin Market

Phycocyanin - Global Market Outlook (2019-2027)

4.7 (80 reviews)
4.7 (80 reviews)
Published: 2020 ID: SMRC19329

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Phycocyanin Market is accounted for $121.68 million in 2019 and is expected to reach $233.70 million by 2027 growing at a CAGR of 8.5% during the forecast period. The product offers superior oxidation resistance, enhances body immunity and helps in providing optimal health enlargement & growth are the major factors propelling the market growth. However, factors such as the form allows valuable nutrient delivery, offers high flexibility with dosing and are economically feasible are hampering the market growth.

Phycocyanin provides high levels of necessary amino acids, promotes the synthesis of elastin in the body and has anti-cancer effects which are the key attributes augmenting product command. Due to the presence of several nutrients, antioxidants and muscle enhancing properties the product forms a significant part of nutraceuticals industry. Growing government initiatives towards the use of organic products and growing innovations in the development of varieties of natural colours shall foster the market growth.

Based on the application, the drinks segment is going to have a lucrative growth during the forecast period due to the rising consumer preference towards ready to drink beverages. These natural colourants are non-toxic and non-carcinogenic which makes them suitable for colouring soft drinks. The product offers superior oxidation resistance, enhances body immunity and helps in providing optimal health development & growth which is likely to have a positive impact on the market growth.

By geography, Europe is likely to have a huge demand due to the huge demand for healthy food & beverages in the region. Increasing food safety concerns and stringent government regulations have triggered the adoption of natural ingredients in food products which are the key attributes for product demand. Growing consumer preference towards clean label products owing to rising awareness towards the use of synthetic ingredients may further boost regional growth.

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

Natures Covered:
• Conventional
• Organic

Forms Covered:
• Liquid
• Powder  

Grades Covered:
• Phycocyanin E3.0
• Phycocyanin E17
• Phycocyanin E25

Applications Covered:
• Natural Food Colorant
• Food & Beverages
• Cosmetics & Personal Care
• Animal Feed
• Aquaculture
• Nutraceuticals
• Medicines/Pharmaceutical
• Biotechnology

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India        
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
2 Preface      
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Application Analysis        
 3.7 Emerging Markets       
 3.8 Impact of Covid-19       
4 Porters Five Force Analysis        

 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
5 Global Phycocyanin Market, By Nature        
 5.1 Introduction       
 5.2 Conventional       
 5.3 Organic       
6 Global Phycocyanin Market, By Form        
 6.1 Introduction        
 6.2 Liquid       
 6.3 Powder       
7 Global Phycocyanin Market, By Grade        
 7.1 Introduction       
 7.2 Phycocyanin E3.0       
 7.3 Phycocyanin E17       
 7.4 Phycocyanin E25       
8 Global Phycocyanin Market, By Application        

 8.1 Introduction       
 8.2 Natural Food Colorant       
 8.3 Food & Beverages       
  8.3.1 Dairy Products      
  8.3.2 Bakery Products      
  8.3.3 Drinks      
  8.3.4 Baby Food Formula      
  8.3.5 Confectionery       
 8.4 Cosmetics & Personal Care       
  8.4.1 Moisturizers & Lotions      
  8.4.2 Lipsticks      
  8.4.3 Eye Liners      
  8.4.4 Eye Shadow      
  8.4.5 Soap      
  8.4.6 Body Wash      
  8.4.7 Face Cream      
 8.5 Animal Feed       
 8.6 Aquaculture        
 8.7 Nutraceuticals       
 8.8 Medicines/Pharmaceutical       
 8.9 Biotechnology       
9 Global Phycocyanin Market, By Geography        
 9.1 Introduction       
 9.2 North America       
  9.2.1 US      
  9.2.2 Canada      
  9.2.3 Mexico      
 9.3 Europe       
  9.3.1 Germany      
  9.3.2 UK      
  9.3.3 Italy      
  9.3.4 France      
  9.3.5 Spain      
  9.3.6 Rest of Europe      
 9.4 Asia Pacific       
  9.4.1 Japan      
  9.4.2 China      
  9.4.3 India      
  9.4.4 Australia      
  9.4.5 New Zealand      
  9.4.6 South Korea      
  9.4.7 Rest of Asia Pacific      
 9.5 South America       
  9.5.1 Argentina      
  9.5.2 Brazil      
  9.5.3 Chile      
  9.5.4 Rest of South America      
 9.6 Middle East & Africa       
  9.6.1 Saudi Arabia      
  9.6.2 UAE      
  9.6.3 Qatar      
  9.6.4 South Africa      
  9.6.5 Rest of Middle East & Africa      
10 Key Developments        
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 10.2 Acquisitions & Mergers       
 10.3 New Product Launch       
 10.4 Expansions       
 10.5 Other Key Strategies       
11 Company Profiling        
 11.1 Chr. Hansen Holding A/S        
 11.2 Cyanotech Corp.       
 11.3 DDW Inc.       
 11.4 DIC Corporation       
 11.5 Dongtai City Spirulina Bio-Engineering Co Ltd  
 11.6 Far East Bio-Tec Co Ltd       
 11.7 Fraken Biochem Co Ltd
 11.8 Fuqing King Dnarmsa Spirulina Co Ltd       
 11.9 GNT Holding B.V., Döhler GmbH       
 11.10 Naturalin Bio-Resources Co Ltd       
 11.11 Naturex S.A.       
 11.12 Parry Nutraceuticals Limited       
 11.13 Sensient Technologies Corp      

List of Tables         
1 Global Phycocyanin Market Outlook, By Region (2018-2027) ($MN)        
2 Global Phycocyanin Market Outlook, By Nature (2018-2027) ($MN)        
3 Global Phycocyanin Market Outlook, By Conventional (2018-2027) ($MN)        
4 Global Phycocyanin Market Outlook, By Organic (2018-2027) ($MN)        
5 Global Phycocyanin Market Outlook, By Form (2018-2027) ($MN)        
6 Global Phycocyanin Market Outlook, By Liquid (2018-2027) ($MN)        
7 Global Phycocyanin Market Outlook, By Powder (2018-2027) ($MN)        
8 Global Phycocyanin Market Outlook, By Grade (2018-2027) ($MN)        
9 Global Phycocyanin Market Outlook, By Phycocyanin E3.0 (2018-2027) ($MN)        
10 Global Phycocyanin Market Outlook, By Phycocyanin E17 (2018-2027) ($MN)        
11 Global Phycocyanin Market Outlook, By Phycocyanin E25 (2018-2027) ($MN)        
12 Global Phycocyanin Market Outlook, By Application (2018-2027) ($MN)        
13 Global Phycocyanin Market Outlook, By Natural Food Colorant (2018-2027) ($MN)        
14 Global Phycocyanin Market Outlook, By Food & Beverages (2018-2027) ($MN)        
15 Global Phycocyanin Market Outlook, By Dairy Products (2018-2027) ($MN)        
16 Global Phycocyanin Market Outlook, By Bakery Products (2018-2027) ($MN)        
17 Global Phycocyanin Market Outlook, By Drinks (2018-2027) ($MN)        
18 Global Phycocyanin Market Outlook, By Baby Food Formula (2018-2027) ($MN)        
19 Global Phycocyanin Market Outlook, By Confectionery (2018-2027) ($MN)        
20 Global Phycocyanin Market Outlook, By Cosmetics & Personal Care (2018-2027) ($MN)        
21 Global Phycocyanin Market Outlook, By Moisturizers & Lotions (2018-2027) ($MN)        
22 Global Phycocyanin Market Outlook, By Lipsticks (2018-2027) ($MN)        
23 Global Phycocyanin Market Outlook, By Eye Liners (2018-2027) ($MN)        
24 Global Phycocyanin Market Outlook, By Eye Shadow (2018-2027) ($MN)        
25 Global Phycocyanin Market Outlook, By Soap (2018-2027) ($MN)        
26 Global Phycocyanin Market Outlook, By Body Wash (2018-2027) ($MN)        
27 Global Phycocyanin Market Outlook, By Face Cream (2018-2027) ($MN)        
28 Global Phycocyanin Market Outlook, By Animal Feed (2018-2027) ($MN)        
29 Global Phycocyanin Market Outlook, By Aquaculture  (2018-2027) ($MN)         
30 Global Phycocyanin Market Outlook, By Nutraceuticals (2018-2027) ($MN)        
31 Global Phycocyanin Market Outlook, By Medicines/Pharmaceutical (2018-2027) ($MN)        
32 Global Phycocyanin Market Outlook, By Biotechnology (2018-2027) ($MN)        
Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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