Phycocyanin - Global Market Outlook (2019-2027)

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 UAE
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