Phycocyanin Market Overview
Phycocyanin Market Report Coverage
The report: “Phycocyanin Market Forecast
(2021-2026)”, by Industry ARC, covers an in-depth
analysis of the following segments of the Phycocyanin Market.
Key Takeaways
- Asia-Pacific dominated the Phycocyanin Market in 2020 owing to presence of local and regional players in this region coupled with changing lifestyle of the people. The Phycocyanin Market scope for different regions will be provided in the final report.
- Increasing awareness among consumers about toxic effects of artificial colors in food and beverages is set to aid the market growth of the Phycocyanin Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Phycocyanin Market report.
- High price of phycocyanin natural colour and risk of algae contamination is poised to create the hurdles for the Phycocyanin Market.
Phycocyanin Market Revenue Share, By Geography, 2020(%)
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Phycocyanin Market Segment Analysis – By Nature
Based on
nature, the Phycocyanin market is segmented into organic and conventional. Conventional held the largest share in the Phycocyanin market in 2020. Conventional phycocyanin
is cost effective compare to organic phycocyanin and also it provides fast
results also it provides improve immune function, and comprehensively enhance
the disease resistance of the body thereby increasing Phycocyanin market. However, organic is estimated to register higher CAGR of 8.9% during the forecast period
2021-2026 owing to rising demand for vegan, organic and non-genetically
modified organism (?GMO) products.
Phycocyanin Market Segment
Analysis – By Application
Based on
application, the Phycocyanin market is segmented into Food and Beverage, Nutraceuticals, Pharmaceuticals, Cosmetics and
Personal Care, and others. Food and Beverages held the largest share in the Phycocyanin market in 2020. Phycocyanin is widely used by food and beverage
manufacturers as natural blue color pigment in products such as confectioneries,
ice-cream and beverages also it provides more stability to other natural blue
colorants. Moreover, growing awareness about health issues associated with the
use of synthetic colorants in beverages thereby
increasing Phycocyanin market. However, cosmetics and personal care, is estimated
to register higher CAGR of 9.1% during the forecast period 2021-2026 owing to
rising demand of phycocyanin in cosmetics industry as it possesses
anti-oxidant, hydrating, and anti-allergic properties, as well as the ability
to reduce inflammation and remove spots.
Phycocyanin Market Segment Analysis – By Geography
Asia-Pacific
dominated the Phycocyanin market with a major share of 32% in 2020. This is
attributed to growing number of key manufacturers in food and beverage industry
in this region coupled with rising spending capacity of the people. Moreover,
increasing awareness about toxic effect of synthetic colors among the people in
this region leads to rise in health consciousness among the people. Furthermore, changing lifestyle
of the people and rising disposable income of the people which are contributing
to the growth of the market in this region.
Phycocyanin Market Drivers
Changing Preference of Consumers Towards Natural Colors
Increasing Application of Phycocyanin in Various Industries
Phycocyanin Market Challenges
High Cost
Major factor that is set to impede the growth of the Phycocyanin market is high cost of phycocyanin. This is another factor that hampers the growth of market which is risk of algae contamination.
Market Landscape
Product
launches, mergers and acquisitions, joint ventures, and R&D activities are
key strategies adopted by players in the Phycocyanin Market. In 2020, the Phycocyanin
Market share is consolidated by the top ten players present in the market. The Phycocyanin
Market, top 10 companies are, Naturex, BlueBioTech Int. GmbH, Japan Algae Co.,
Ltd., Dongtai City Spirulina Bio-engineering Co., Ltd., GNT Group B.V., Parry
Nutraceuticals, Tianjin Norland Biotech Co., Ltd., AlgoSource, Wellisen
Nutraceuticals and Sensient Technologies Corporation
Development:
- In January 2020, DIC Corporation launched the plant-derived blue colorant “Linablue” which is a vibrant food coloring that is extracted with water from Spirulina.
Relevant Titles:
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LIST OF TABLES
1.Global Phycocyanin Market Analysis and Forecast , by Nature Market 2023-2030 ($M)1.1 By Nature, Market 2023-2030 ($M) - Global Industry Research
1.1.1 Organic Market 2023-2030 ($M)
1.1.2 Conventional Market 2023-2030 ($M)
2.Global Phycocyanin Market Analysis and Forecast , by Form Market 2023-2030 ($M)
2.1 By Form, Market 2023-2030 ($M) - Global Industry Research
2.1.1 Powder Market 2023-2030 ($M)
2.1.2 Liquid Market 2023-2030 ($M)
3.Global Competition Analysis Market 2023-2030 ($M)
3.1 Competition Deepdive Market 2023-2030 ($M) - Global Industry Research
3.1.1 Sensient Technologies Corporation Market 2023-2030 ($M)
3.1.2 CHR Hansen A/S Market 2023-2030 ($M)
3.1.3 DIC Corporation Market 2023-2030 ($M)
3.1.4 DDW The Color House Market 2023-2030 ($M)
3.1.5 Naturex S.A. Market 2023-2030 ($M)
3.1.6 Dohler Group Market 2023-2030 ($M)
3.1.7 Cyanotech Corporation Market 2023-2030 ($M)
3.1.8 Dongtai City Spirulina Bio-engineering Co., Ltd Market 2023-2030 ($M)
3.1.9 Fuqing King Dnarmsa Spirulina Co., Ltd Market 2023-2030 ($M)
3.1.10 Naturalin Bio-Resources Co., Ltd Market 2023-2030 ($M)
3.1.11 Fraken Biochem Market 2023-2030 ($M)
3.1.12 Parry Nutraceuticals Market 2023-2030 ($M)
3.1.13 Far East Bio-Tec Co , Ltd Market 2023-2030 ($M)
3.1.14 GNT Holding B.V. Market 2023-2030 ($M)
4.Global Phycocyanin Market Analysis and Forecast , by Nature Market 2023-2030 (Volume/Units)
4.1 By Nature, Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Organic Market 2023-2030 (Volume/Units)
4.1.2 Conventional Market 2023-2030 (Volume/Units)
5.Global Phycocyanin Market Analysis and Forecast , by Form Market 2023-2030 (Volume/Units)
5.1 By Form, Market 2023-2030 (Volume/Units) - Global Industry Research
5.1.1 Powder Market 2023-2030 (Volume/Units)
5.1.2 Liquid Market 2023-2030 (Volume/Units)
6.Global Competition Analysis Market 2023-2030 (Volume/Units)
6.1 Competition Deepdive Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Sensient Technologies Corporation Market 2023-2030 (Volume/Units)
6.1.2 CHR Hansen A/S Market 2023-2030 (Volume/Units)
6.1.3 DIC Corporation Market 2023-2030 (Volume/Units)
6.1.4 DDW The Color House Market 2023-2030 (Volume/Units)
6.1.5 Naturex S.A. Market 2023-2030 (Volume/Units)
6.1.6 Dohler Group Market 2023-2030 (Volume/Units)
6.1.7 Cyanotech Corporation Market 2023-2030 (Volume/Units)
6.1.8 Dongtai City Spirulina Bio-engineering Co., Ltd Market 2023-2030 (Volume/Units)
6.1.9 Fuqing King Dnarmsa Spirulina Co., Ltd Market 2023-2030 (Volume/Units)
6.1.10 Naturalin Bio-Resources Co., Ltd Market 2023-2030 (Volume/Units)
6.1.11 Fraken Biochem Market 2023-2030 (Volume/Units)
6.1.12 Parry Nutraceuticals Market 2023-2030 (Volume/Units)
6.1.13 Far East Bio-Tec Co , Ltd Market 2023-2030 (Volume/Units)
6.1.14 GNT Holding B.V. Market 2023-2030 (Volume/Units)
7.North America Phycocyanin Market Analysis and Forecast , by Nature Market 2023-2030 ($M)
7.1 By Nature, Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Organic Market 2023-2030 ($M)
7.1.2 Conventional Market 2023-2030 ($M)
8.North America Phycocyanin Market Analysis and Forecast , by Form Market 2023-2030 ($M)
8.1 By Form, Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Powder Market 2023-2030 ($M)
8.1.2 Liquid Market 2023-2030 ($M)
9.North America Competition Analysis Market 2023-2030 ($M)
9.1 Competition Deepdive Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Sensient Technologies Corporation Market 2023-2030 ($M)
9.1.2 CHR Hansen A/S Market 2023-2030 ($M)
9.1.3 DIC Corporation Market 2023-2030 ($M)
9.1.4 DDW The Color House Market 2023-2030 ($M)
9.1.5 Naturex S.A. Market 2023-2030 ($M)
9.1.6 Dohler Group Market 2023-2030 ($M)
9.1.7 Cyanotech Corporation Market 2023-2030 ($M)
9.1.8 Dongtai City Spirulina Bio-engineering Co., Ltd Market 2023-2030 ($M)
9.1.9 Fuqing King Dnarmsa Spirulina Co., Ltd Market 2023-2030 ($M)
9.1.10 Naturalin Bio-Resources Co., Ltd Market 2023-2030 ($M)
9.1.11 Fraken Biochem Market 2023-2030 ($M)
9.1.12 Parry Nutraceuticals Market 2023-2030 ($M)
9.1.13 Far East Bio-Tec Co , Ltd Market 2023-2030 ($M)
9.1.14 GNT Holding B.V. Market 2023-2030 ($M)
10.South America Phycocyanin Market Analysis and Forecast , by Nature Market 2023-2030 ($M)
10.1 By Nature, Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Organic Market 2023-2030 ($M)
10.1.2 Conventional Market 2023-2030 ($M)
11.South America Phycocyanin Market Analysis and Forecast , by Form Market 2023-2030 ($M)
11.1 By Form, Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Powder Market 2023-2030 ($M)
11.1.2 Liquid Market 2023-2030 ($M)
12.South America Competition Analysis Market 2023-2030 ($M)
12.1 Competition Deepdive Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Sensient Technologies Corporation Market 2023-2030 ($M)
12.1.2 CHR Hansen A/S Market 2023-2030 ($M)
12.1.3 DIC Corporation Market 2023-2030 ($M)
12.1.4 DDW The Color House Market 2023-2030 ($M)
12.1.5 Naturex S.A. Market 2023-2030 ($M)
12.1.6 Dohler Group Market 2023-2030 ($M)
12.1.7 Cyanotech Corporation Market 2023-2030 ($M)
12.1.8 Dongtai City Spirulina Bio-engineering Co., Ltd Market 2023-2030 ($M)
12.1.9 Fuqing King Dnarmsa Spirulina Co., Ltd Market 2023-2030 ($M)
12.1.10 Naturalin Bio-Resources Co., Ltd Market 2023-2030 ($M)
12.1.11 Fraken Biochem Market 2023-2030 ($M)
12.1.12 Parry Nutraceuticals Market 2023-2030 ($M)
12.1.13 Far East Bio-Tec Co , Ltd Market 2023-2030 ($M)
12.1.14 GNT Holding B.V. Market 2023-2030 ($M)
13.Europe Phycocyanin Market Analysis and Forecast , by Nature Market 2023-2030 ($M)
13.1 By Nature, Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Organic Market 2023-2030 ($M)
13.1.2 Conventional Market 2023-2030 ($M)
14.Europe Phycocyanin Market Analysis and Forecast , by Form Market 2023-2030 ($M)
14.1 By Form, Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Powder Market 2023-2030 ($M)
14.1.2 Liquid Market 2023-2030 ($M)
15.Europe Competition Analysis Market 2023-2030 ($M)
15.1 Competition Deepdive Market 2023-2030 ($M) - Regional Industry Research
15.1.1 Sensient Technologies Corporation Market 2023-2030 ($M)
15.1.2 CHR Hansen A/S Market 2023-2030 ($M)
15.1.3 DIC Corporation Market 2023-2030 ($M)
15.1.4 DDW The Color House Market 2023-2030 ($M)
15.1.5 Naturex S.A. Market 2023-2030 ($M)
15.1.6 Dohler Group Market 2023-2030 ($M)
15.1.7 Cyanotech Corporation Market 2023-2030 ($M)
15.1.8 Dongtai City Spirulina Bio-engineering Co., Ltd Market 2023-2030 ($M)
15.1.9 Fuqing King Dnarmsa Spirulina Co., Ltd Market 2023-2030 ($M)
15.1.10 Naturalin Bio-Resources Co., Ltd Market 2023-2030 ($M)
15.1.11 Fraken Biochem Market 2023-2030 ($M)
15.1.12 Parry Nutraceuticals Market 2023-2030 ($M)
15.1.13 Far East Bio-Tec Co , Ltd Market 2023-2030 ($M)
15.1.14 GNT Holding B.V. Market 2023-2030 ($M)
16.APAC Phycocyanin Market Analysis and Forecast , by Nature Market 2023-2030 ($M)
16.1 By Nature, Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Organic Market 2023-2030 ($M)
16.1.2 Conventional Market 2023-2030 ($M)
17.APAC Phycocyanin Market Analysis and Forecast , by Form Market 2023-2030 ($M)
17.1 By Form, Market 2023-2030 ($M) - Regional Industry Research
17.1.1 Powder Market 2023-2030 ($M)
17.1.2 Liquid Market 2023-2030 ($M)
18.APAC Competition Analysis Market 2023-2030 ($M)
18.1 Competition Deepdive Market 2023-2030 ($M) - Regional Industry Research
18.1.1 Sensient Technologies Corporation Market 2023-2030 ($M)
18.1.2 CHR Hansen A/S Market 2023-2030 ($M)
18.1.3 DIC Corporation Market 2023-2030 ($M)
18.1.4 DDW The Color House Market 2023-2030 ($M)
18.1.5 Naturex S.A. Market 2023-2030 ($M)
18.1.6 Dohler Group Market 2023-2030 ($M)
18.1.7 Cyanotech Corporation Market 2023-2030 ($M)
18.1.8 Dongtai City Spirulina Bio-engineering Co., Ltd Market 2023-2030 ($M)
18.1.9 Fuqing King Dnarmsa Spirulina Co., Ltd Market 2023-2030 ($M)
18.1.10 Naturalin Bio-Resources Co., Ltd Market 2023-2030 ($M)
18.1.11 Fraken Biochem Market 2023-2030 ($M)
18.1.12 Parry Nutraceuticals Market 2023-2030 ($M)
18.1.13 Far East Bio-Tec Co , Ltd Market 2023-2030 ($M)
18.1.14 GNT Holding B.V. Market 2023-2030 ($M)
19.MENA Phycocyanin Market Analysis and Forecast , by Nature Market 2023-2030 ($M)
19.1 By Nature, Market 2023-2030 ($M) - Regional Industry Research
19.1.1 Organic Market 2023-2030 ($M)
19.1.2 Conventional Market 2023-2030 ($M)
20.MENA Phycocyanin Market Analysis and Forecast , by Form Market 2023-2030 ($M)
20.1 By Form, Market 2023-2030 ($M) - Regional Industry Research
20.1.1 Powder Market 2023-2030 ($M)
20.1.2 Liquid Market 2023-2030 ($M)
21.MENA Competition Analysis Market 2023-2030 ($M)
21.1 Competition Deepdive Market 2023-2030 ($M) - Regional Industry Research
21.1.1 Sensient Technologies Corporation Market 2023-2030 ($M)
21.1.2 CHR Hansen A/S Market 2023-2030 ($M)
21.1.3 DIC Corporation Market 2023-2030 ($M)
21.1.4 DDW The Color House Market 2023-2030 ($M)
21.1.5 Naturex S.A. Market 2023-2030 ($M)
21.1.6 Dohler Group Market 2023-2030 ($M)
21.1.7 Cyanotech Corporation Market 2023-2030 ($M)
21.1.8 Dongtai City Spirulina Bio-engineering Co., Ltd Market 2023-2030 ($M)
21.1.9 Fuqing King Dnarmsa Spirulina Co., Ltd Market 2023-2030 ($M)
21.1.10 Naturalin Bio-Resources Co., Ltd Market 2023-2030 ($M)
21.1.11 Fraken Biochem Market 2023-2030 ($M)
21.1.12 Parry Nutraceuticals Market 2023-2030 ($M)
21.1.13 Far East Bio-Tec Co , Ltd Market 2023-2030 ($M)
21.1.14 GNT Holding B.V. Market 2023-2030 ($M)
LIST OF FIGURES
1.US Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)2.Canada Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
3.Mexico Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
4.Brazil Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
5.Argentina Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
6.Peru Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
7.Colombia Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
8.Chile Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
9.Rest of South America Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
10.UK Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
11.Germany Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
12.France Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
13.Italy Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
14.Spain Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
15.Rest of Europe Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
16.China Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
17.India Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
18.Japan Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
19.South Korea Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
20.South Africa Phycocyanin Volume Forecast 2019 Market Revenue, 2023-2030 ($M)
21.North America Phycocyanin Volume Forecast 2019 By Application
22.South America Phycocyanin Volume Forecast 2019 By Application
23.Europe Phycocyanin Volume Forecast 2019 By Application
24.APAC Phycocyanin Volume Forecast 2019 By Application
25.MENA Phycocyanin Volume Forecast 2019 By Application