Phycocyanin Market Revenue: Challenges, Drivers, Analysis, Industry Share and Forecasts to 2027

1. Exploring The Key Dynamics Of The Global Phycocyanin Market - Revenue and Industry Insights till 2027 According to a new study by TMR, the sales of phycocyanin are estimated to reach ~​11 million​ metric tons in​ 2019​. Growth of the​​phycocyanin market​ remains driven by a slew of aspects, which range from increased market demand for clean label products and changing regulations in the food and beverage industry, to growing awareness among consumers. Phycocyanin is available in various grades and forms. Phycocyanin is a blue pigment extracted from the blue-green algae – spirulina. Phycocyanin belongs to the phycobilli protein group, used primarily as a colorant in various food and beverage products in the global market. Phycocyanin Market is anticipated to grow at a rate of ~​7%​ over the period of ​2019-2029​. Phycocyanin is available in organic and conventional nature. Due to the increasing prevalence of diseases and foodborne allergies, consumers are preferring healthy and clean label ingredients for consumption. Consumers highly care for the provenance of the food and beverage products that they consume. This is creating a trend for organically-produced ingredients and food products. This trend is not only limited to food products but is also being seen in cosmetic products. As a result, organically-produced phycocyanin is witnessing increased demand from consumers and manufacturers alike.

2. Request A Sample of Phycocyanin Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&re p_id=24329 Health Benefits and Nutritional Contents Associated with Phycocyanin Phycocyanin, extracted from the blue-green algae, used primarily as a food and beverage colorant, has numerous health benefits. Phycocyanin has been reported to have anti-oxidant, anti-inflammatory, anti-cancer, and immune improving characteristics. The use of phycocyanin for reducing cancer cell growth is being studied. However, other claimed health and nutritional benefits associated with the consumption of phycocyanin are likely to attract the attention of consumers, bolstering the demand for phycocyanin. Increasing Consumption of Colored and Flavored Beverages Increasing research and development spending has enabled various novel product launches in the global food and beverage market. New colored and flavored

3. beverages are gaining momentum in the global market, due to increased demand from the younger generation. The use of phycocyanin in flavored and colored beverages provides blue color to the end product with enhanced functional property as well. Due to the increased consumption of beverage and food products, the demand for phycocyanin is also increasing in the global market. Explore Transparency Market Research’S Award-Winning Coverage of the Global Food and Beverages Industry @ https://www.prnewswire.com/news-releases/global-pigments-market-to-clock- cagr-of-4-6-during-2019—2027–wide-ranging-applications-in-coatings-and-pl astics-drive-growth-tmr-301079395.html Global Phycocyanin Market: Competitive Landscape Some of the key players in the global phycocyanin market are ​Cyanotech Corp., Chr. Hansen Holding A/S, DIC Corporation, Naturalin Bio-Resources Co., Dongtai City Spirulina Bio-Engineering Co., Ltd., GNT Holding B.V., Fuqing King Dnarmsa Spirulina Co., Ltd., Sensient Technologies Corp., Fraken Biochem Co., Ltd., Parry Nutraceuticals Limited, Döhler GmbH, Naturex S.A., Ltd., Far East Bio-Tec Co., Ltd., DDW Inc.​, and others. Request for Covid-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&r ep_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

4. Consultants, use proprietary data sources and 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