1 / 4

Phycocyanin Market

the increasing adoption of phycocyanin for nutraceutical & nutritional applications, the reluctance toward the use of synthetic colors, the rising demand for natural blue colorants, and increasing venture investments in phycocyanin production. Additionally, the high potential of phycocyanin in pharmaceutical applications and the increasing consumer awareness regarding clean-label products are further expected to provide growth opportunities for the players operating in the global phycocyanin market. However, the high prices of natural colorants, high costs of extracting and purifying phycocyan

Chaitanya7
Download Presentation

Phycocyanin Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ??????????? ????????????????? ??????

  2. Phycocyanin Market – 2023-2030 Meticulous Research®—a leading global market research company, published a research report titled, ‘Phycocyanin Marketby Form (Powder, Liquid), Grade (Food Grade Phycocyanin, Cosmetic Grade Phycocyanin, Reagent and Analytical Grade Phycocyanin), Application (Food and Beverages, Pharmaceuticals and Nutraceuticals), Geography -Global Forecast to 2030.’ According to this latest publication from Meticulous Research®, in terms of value, the global phycocyanin market is projected to reach $279.6 million by 2030, at a CAGR of 28.1% from 2023 to 2030. In terms of volume, the global phycocyanin market is projected to reach 3,587.2 tons by 2030, at a CAGR of 33.8% from 2023 to 2030. The growth of this market is attributed to the increasing adoption of phycocyanin for nutraceutical & nutritional applications, the reluctance toward the use of synthetic colors, the rising demand for natural blue colorants, and increasing venture investments in phycocyanin production. Additionally, the high potential of phycocyanin in pharmaceutical applications and the increasing consumer awareness regarding clean-label products are expected to provide growth opportunities for players operating in the global phycocyanin market. However, the high prices of natural colorants, high costs of extracting and purifying phycocyanin, and complexities in algae production restrain the growth of this market. The phycocyanin market is segmented by form (phycocyanin powder, liquid phycocyanin), grade (food-grade phycocyanin, cosmetic-grade phycocyanin, reagent-& analytical-grade), and application (food & beverages, pharmaceuticals & nutraceuticals, cosmetics, diagnostics & biomedical). The study also evaluates industry competitors and analyzes the regional and country-level markets. Based on form,the phycocyanin market is segmented into phycocyanin powder and liquid phycocyanin. In 2023, the phycocyanin powder segment is expected to account for the larger share of the global phycocyanin market. The large market share of this segment is mainly attributed to the benefits offered by phycocyanin powder, such as easy solubility and digestibility. Additionally, the powdered form allows active nutrient delivery and offers high flexibility with dosing. Thus, phycocyanin powder is highly used as a colorant and functional component in the food & beverage and cosmetic industries, contributing to its large market share. DownloadFree Sample Report Now @https://www.meticulousresearch.com/download-sample- report/cp_id=5126 Based on grade,the global phycocyanin market is segmented into food-grade phycocyanin, cosmetic- grade phycocyanin, and reagent- & analytical-grade phycocyanin. The cosmetic-grade phycocyanin segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is mainly driven by the increasing applications of phycocyanin in the cosmetic industry due to its therapeutic uses and zero to minimal side effects. Based on application,the global phycocyanin market is segmented into food & beverages, pharmaceuticals & nutraceuticals, cosmetics, and diagnostics & biomedical. In 2023, the food & beverages segment is expected to account for the largest share of the global phycocyanin market due to the growing awareness about the adverse effects of synthetic food colorants on health, the rising trend of replacing artificial colorants with natural colorants in the food industry, and the non-toxic & non-carcinogenic properties of phycocyanin. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

  3. Phycocyanin Market – 2023-2030 Speak to our Analysts- https://www.meticulousresearch.com/speak-to-analyst/cp_id=5126 Geographic Review This research report also analyzes major geographies and provides a comprehensive analysis of the market in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia- Pacific is slated to register the fastest growth rate during the forecast period due to the presence of several local and regional stakeholders and the rapidly growing demand for processed food products in emerging and developing countries, including India, China, Indonesia, and Thailand. Furthermore, the expanding food & beverage, nutraceuticals, and cosmetics industries and rising demand for phycocyanin in these industries are expected to provide growth opportunities for stakeholders operating in this market. Key Players The key players operating in the global phycocyanin market are AlgoSource (France), Bluetec Naturals Co., Ltd (China), DIC Corporation (Japan), E.I.D. - Parry (India) Limited (India), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Givaudan SA (Switzerland), GNT Group B.V. (Netherlands), Hangzhou OuQi Food co., Ltd. (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Japan Algae Co., Ltd. (Japan), Jiangshan COMP SPIRULINA CO., LTD. (China), Merck KGaA (Germany), Phyco-Biotech Laboratories (France), Pond Technologies Inc. (Canada), Qingdao Haizhijiao Biotechnology Co., Ltd (China), Qingdao ZolanBio Co., Ltd. (China), Sensient Technologies Corporation (U.S.), SPIFORM (France), Wellisen Nutraceuticals (U.S.), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Yunnan Green A Biological Project Co., Ltd. (China), and Zhejiang Binmei Biotechnology Co., Ltd (China). To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/phycocyanin-market-5126 Key Questions Answered in the Report: • Which are the high-growth market segments in terms of form, grade, application, and region/country? • What was the historical market size for phycocyanin across the globe? • What are the market forecasts and estimates for 2023–2030? • What are the major drivers, restraints, and opportunities in the phycocyanin market? • Who are the major players in the phycocyanin market? • How is the competitive landscape, and who are the market leaders in the phycocyanin market? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

  4. Phycocyanin Market – 2023-2030 Exciting news! We are thrilled to announce an incredible opportunity for you! For a limited time only, we are delighted to offer an exclusive flat 30% discount on all our remarkable research reports. It's our way of showing appreciation for your continuous support and commitment to staying informed. This remarkable discount allows you to unlock a wealth of valuable insights and expert analysis at an unbeatable price. Whether you're a business professional, an academic researcher, or an avid learner, this offer is tailor-made to enhance your knowledge and empower your decision-making. Quick Buy : https://www.meticulousresearch.com/Checkout/40138087 Contact Us: Meticulous Research® Email-sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn-https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com

More Related