Phycocyanin Market - Advancements Opportunity Analysis and Industry Forecast by 2029

1. Phycocyanin Market - Growth Statistics To Make Multi-Billion Dollars Industry Till 2029 Manufactures Increase Production of Phycocyanin to Support Natural Colorants Industry Revenue of the ​phycocyanin market​ accounted to be the highest in Western Europe in ​2018​, estimated to reach ~​US$ 77 million​ in​ 2029​. Currently, ~​60%​ of Europeans consume ​functional foods​, and a higher number of women consume functional beverages. As such, manufacturers are introducing patent-protected phycocyanin ​food additives​. This indoor-grown pigment serves as a cost-efficient option for stakeholders in the food sector. The food industry is experiencing a shift in consumer preference, from artificial ingredients to natural ingredients. This changing trend has triggered the production of phycocyanic, which acts as a nutritious protein-pigment complex in several food and beverage applications. Its antioxidant and anti-inflammatory properties are increasingly gaining consumer attention as far as food supplements are concerned. Since the development of natural blue ingredients is a challenge, manufacturers are innovating on phycocyanin, which is naturally found in spirulina ​algae​. For instance, in ​August 2019​, ScotBio – a producer of all-natural food colorants and proteins, announced an increase in its production of phycocyanin for stakeholders in the natural colorants market. Request a sample​ to get extensive insights into the Phycocyanin Market Several Food & Beverage Applications Increase Scope for Market Growth The food and beverage (F&B) market is estimated to reach ~​US$ 16 trillion ​by ​2020​. That is why, manufacturers are targeting stakeholders in the F&B space to increase the application of phycocyanin in confectionaries, ice creams, and beverages. Since phycocyanin provides more stability as compared to other natural blue colorants, stakeholders in the F&B landscape are increasingly using this pigment for alcoholic beverages. As the F&B industry is rapidly growing, manufacturers are increasing the production of indoor-grown, high-quality, and pure phycocyanin. To achieve this, they are growing their own spirulina algae in custom-growing facilities to extract five times more algae as compared to extracting phycocyanin from open pond systems, which also serves as a cost-effective option for them.

2. Stakeholders in the hospitality space are using phycocyanin to develop sugar-free food and beverage options. The blue pigment is mixed with different bulking agents and sugars to provide flexibility in the formulation stage to food professionals. Manufacturers are focusing on expanding their product portfolios of different ingredients with the help of synthetic biology. This helps them improve the quality, quantity, and stability of phycocyanin through non-transgenic genetic modification. Explore Transparency Market Research’S Award-Winning Coverage of the Global Industry @ https://www.prnewswire.co.uk/news-releases/eco-friendly-ingredients-to-witness-increas ed-uptake-in-textile-binders-market-from-2020-to-2030-tmr-804198664.html Patented Systems and Cost-competitive Techniques Ensure Year-round Supply The phycocyanin market is moderately fragmented, which creates opportunities for new players to enter the market. However, stringent regulations by government authorities have created an added pressure over existing and emerging market players to comply with the same. Growing awareness about clean-label ingredients amongst consumers has created challenges for manufacturers to achieve certain production requirements. For instance, the introduction of clean-label ingredients has forced manufacturers to ensure end-to-end traceability, maintain the security of supply, and establish a controlled environment. As such, manufacturers are developing patented systems that are integrated with special red lighting that helps in the production of all-natural ingredients. The high demand for phycocyanin has created a shortage in the marketplace. Extracting phycocyanin from open pond systems serves as an easy and convenient option for manufacturers. However, these pond systems are prone to high risks of contamination. As such, manufacturers are adopting the cost-competitive method of growing their own spirulina algae to ensure the year-round supply of phycocyanin. Request for Covid-19 Impct Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=24329 ​About Us: Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and

3. various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email​: sales@transparencymarketresearch.com Website​: ​https://www.transparencymarketresearch.com For More Info View @ ​http://priyanka1234.over-blog.com