Phycocyanin Market: Intense Competition but High Growth & Extreme Valuation| Key Players: Cyanotech Corporation, Chr. Hansen Holding A/S, DIC CORPORATION, Parry Nutraceuticals, NATUREX, others

Phycocyanin Market: Inclusive Insight

Phycocyanin Market is expected to reach USD 155.61 million by 2027, witnessing expansion at a potential rate of 7.73% in the forecast period of 2020 to 2027. Improvements in the consumption rate from the various applicable industries such as food & beverages, supplement/nutraceuticals and cosmetics & personal care segments are the major driving factors of phycocyanin market expansion in the above mentioned forecasted period.

The well-established Key players in the market are: Cyanotech Corporation, Chr. Hansen Holding A/S, DIC CORPORATION, Dongtai City Spirulina Bio-engineering Co., Ltd., Scottish Bioenergy Cooperative Ventures Limited, GNT Group B.V., Fuqing King Dnarmsa Spirulina Co., Ltd., Fraken Biochem Co.,Ltd, Parry Nutraceuticals, NATUREX, Far East Bio-Tec Co., Ltd., DDW The Color House, Zhejiang Binmei Biotechnology Co.,Ltd, NutraCulture, Japan Algae Co., Ltd, others

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What ideas and concepts are covered in the report?

- The assessments accounted by all the zones and the market share registered by each region is mentioned in the report.

- The study sums up the product consumption growth rate in the applicable regions along with their consumption market share.

- Data regarding the Phycocyanin Industry market consumption rate of all the provinces, based on applicable regions and the product types is inculcated in the report.

Region-based analysis of the Phycocyanin Industry market:

- The Phycocyanin Industry market, with regards to provincial scope is segmented into USA, Europe, Japan, China, India, and South East Asia. The report also includes information regarding the products use throughout the topographies.

Unique structure of the report

Phycocyanin is a type of light-based protein pigment generally derived/extracted from algae of different variants such as blue-green and red algae. These pigments are majorly used as a food colorant/additive in a variety of applications such as confectionaries, beverages, bakery and various others. These pigments are also highly beneficial and useful in a number of biotechnology applications such as fluorescent reagents, probes and tracers amongst others.

Enhanced consumption rate for natural ingredients over artificial ingredients from the food manufacturing and development segments, this shift of consumer preference is one of the major driving factors for phycocyanin market in the above mentioned forecasted period. Improvements in the awareness levels of consumers regarding the wide range of benefits of natural ingredients and products along with the customized, patented production process of these ingredients to ensure consistent supply of pigments without any effect from the seasonal variations are acting as growth drivers for phycocyanin market.

Concerns for the environment and the vulnerable/fluctuating nature of the environment resulting in variations of demand and supply of these pigments are one of the major restrictive factors of phycocyanin market in the forecasted period of 2020 to 2027.

Global Phycocyanin Market Scope and Market Size

Phycocyanin market is segmented on the basis of nature, form, grade and applications. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of nature, the phycocyanin market is segmented into organic and conventional.
Based on form, phycocyanin market is segmented as powder and liquid.
Phycocyanin market has been segmented on the basis of grade into phycocyanin E18, phycocyanin E25 and phycocyanin E3.0.
Phycocyanin market is also segmented into food & beverages, nutraceutical, animal feed, medicines/pharmaceutical, biotechnology, cosmetics & personal care, aquaculture and others on the basis of applications. Food & beverages is sub-segmented into confectionaries, beverages, dairy products, bakery products, baby food formula and others. Cosmetics & personal care are sub-segmented into face creams, moisturizers & lotions, lipsticks, eye liners, eye shadow, soaps and body wash.

In August 2019, Scottish Bioenergy Cooperative Ventures Limited announced that they had developed a patented method for the enhancement of phycocyanin volume in spirulina, with this innovation helping develop a more cost-effective alternative for various food applications. The patented method involves development of enhanced amount of phycocyanain developed from the company's custom spirulina algae.

In March 2019, NATUREX announced the launch of their "Ultimate Spirulina" product range on the back of their expansion of production capacity for spirulina which will reportedly triple the production of spirulina from the facility located at Avignon, France. The company exhibited their latest product launch during the Expo West held from 7th-9th March, 2019 at Anaheim, California, United States.

Some of the Major Highlights of TOC covers:

Phycocyanin Industry Regional Market Analysis

- Phycocyanin Industry Production by Regions

- Global Phycocyanin Industry Production by Regions

- Global Phycocyanin Industry Revenue by Regions

- Phycocyanin Industry Consumption by Regions

Phycocyanin Industry Segment Market Analysis (by Type)

- Global Phycocyanin Industry Production by Type

- Global Phycocyanin Industry Revenue by Type

- Phycocyanin Industry Price by Type

Phycocyanin Industry Segment Market Analysis (by Application)

- Global Phycocyanin Industry Consumption by Application

- Global Phycocyanin Industry Consumption Market Share by Application (2014-2019)

Phycocyanin Industry Major Manufacturers Analysis

- Phycocyanin Industry Production Sites and Area Served

- Product Introduction, Application and Specification

- Phycocyanin Industry Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

- Main Business and Markets Served

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At the Last, Phycocyanin industry report focuses on data sources, viz. primary and secondary sources, market breakdown and data triangulation, market size estimation, research programs, and design, research approach and methodology, and the publisher's disclaimer.

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