Phycocyanin Market is Expected to Reach a Market Value of USD 155.61 million by 2027

Phycocyanin Market is forecasted to grow at 7.73% for 2020-2027 with factors such as environmental concern and lack of demand will hamper the growth of the market in emerging economies.

Phycocyanin market has shown an exceptional penetration in developed economies in North America. Increasing production of functional food and beverages and surging development will uplift the growth of the market.

Phycocyanin Market Scenario

According to Data Bridge Market Research the phycocyanin market is witnessing a significant growth in the developing economies during the forecast period of 2020-2027 due to factors such as increasing demand of natural ingredients over artificial ingredients, rising consumer preferences, surging awareness regarding the benefits associated with the consumption of natural ingredients and rising production of pigments will boost the growth of the market.

Now the question is which are the other regions that phycocyanin market is targeting? Data Bridge Market Research has forecasted a large growth in European phycocyanin market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the phycocyanin market.

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New Phycocyanin Market Development in 2019

  • In March 2019, NATUREX, announced the production capacity by launch its new product Vegebrite Ultimate Spirulina which is derived from phycocyanin pigment that will help to meet the demand of clean label blue and green while available in different concentrates and formats.

Scope of the Phycocyanin Market

Phycocyanin market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the phycocyanin market is further analyzed based on maximum granularity into further segmentation. On the basis of nature, the market is segmented into organic and conventional. Based on form, the market is segmented into powder and liquid. Based on grade, the market is segmented into phycocyanin E18, phycocyanin E25 and phycocyanin E3.0. The applications covered for the report are food & beverages, nutraceutical, animal feed, medicines/pharmaceuticals, biotechnology, cosmetics & personal care, aquaculture and others.
  • Phycocyanin is a protein pigment which is derived from different form of algae such as red algae and blue-green algae which is used as additive in food and beverage industry in various products such as bakery, confectionery and others. They are also beneficial for fluorescent reagents, tracers and probes.

To know more about the study https://www.databridgemarketresearch.com/reports/global-phycocyanin-market

Key Pointers Covered in the Phycocyanin Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Cyanotech Corporation
  • Chr. Hansen Holding A/S
  • DIC CORPORATION
  • Dongtai City Spirulina Bio-engineering Co., Ltd.
  • Scottish Bioenergy Cooperative Ventures Limited
  • GNT Group B.V.
  • Fuqing King Dnarmsa Spirulina Co., Ltd.
  • Fraken Biochem Co.,Ltd
  • Parry Nutraceuticals
  • NATUREX
  • Far East Bio-Tec Co., Ltd.
  • DDW The Color House
  • Zhejiang Binmei Biotechnology Co.,Ltd
  • NutraCulture
  • Japan Algae Co., Ltd
  • AlgoSource
  • Wellisen Nutraceuticals Pvt. Ltd.
  • Natura4Ever
  • Bluetec Naturals Co.,Ltd
  • Pond Tech
  • Tianjin Norland Biotech Co.,Ltd
  • Merck KGaA

Above are the key players covered in the report, to know about more and exhaustive list of Phycocyanin companies contact us https://www.databridgemarketresearch.com/toc?dbmr=global-phycocyanin-market

Research Methodology: Global Phycocyanin Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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