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Phycocyanin Market Growth, Trends and Value Chain 2017-2027 by TMR
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The one of the major drivers for the global phycocyanin market are the growing demand for the natural colourants especially in the Western Europe region as artificial colourants or dyes are totally banned in Europe. Also, FDA approval for the spirullina in U.S market drives high opportunity for the phycocyanin market in the U.S. As, the production cost of the parent product spirulina microalgae is also very economical, phycocyanin pigments are finding increased application in food supplements, nutraceuticals, pharmaceuticals, cosmetics and in dietary supplements products such as fermented milk products, ice creams, soft drinks, chewing gum, alcoholic drinks, desserts, sweet cake decoration, milk shakes etc. There are few restraints also to the phycocyanin market as its production is wholly dependent on environmental factors it requires ponds, lakes, water bodies, sand, and air to be clean and pure as per the production specifications. Also, the product is highly temperature sensitive and any change in the desired environmental conditions can destroy the whole product.
The global phycocyanin market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In North America region U. S. is the largest manufacturer for the phycocyanin colourants market, followed by APEJ region. In the APEJ region, India and china are the major producers of phycocyanin colourants in the phycocyanin market showing a significant growth as of the high demand for natural colorants in the region followed by Japan. In the other regions such as Western and Eastern Europe, the phycocyanin market is anticipated top record steady growth during the forecast period.
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Some of the prominent players identified in the global phycocyanin market includes:
Earthrise Nutritional.
Dainippon Ink and Chemicals
Japan Algae Co., Ltd
Parry Nutraceuticals
Prozyme
Ozone Naturals
Hash BioTech Labs Private Limited
EcoFuel Laboratories
Nan Pao International Biotech
Parry Nutraceuticals
Norland Biotech
Fuqing King Dnarmsa Spirulina
Sigma-Aldrich Co. LLC.
Xian Sonwu Biotech Co., Ltd.
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