Growing Consumption in Cosmetics and Animal Feed Segments to Bolster Phycocyanin Demand, Fact.MR Study

The global phycocyanin market will be largely influenced by substantial traction for phycocyanin as a naturally-sourced ingredient in food products, beverages, cosmetics, and animal feed. A new Fact.MR study suggests that the thriving demand for clean label ingredients in F&B and personal care products will heavily contribute towards market growth in the near future.

"Food processors are leveraging the nutritional properties of phycocyanin by sourcing the pigment from spirulina. Successful outcomes of this would help them solidify their market positioning over competition," says Fact.MR.

Explore the key contents of 200-page Phycocyanin Market Study, Request a sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=4469 

Key Takeaways from the Phycocyanin Market Study

Conventional phycocyanin outsells other variants

Demand for powdered phycocyanin is set to grow 1.9X, with key applications emerging in cosmetics and beverage products

Spirulina-based phycocyanin is witnessing a surge in adoption, on the back of FDA approvals

Europe remains the largest market for phycocyanin globally

Phycocyanin Market: Key Drivers

Greater emphasis on nutritional profile is bolstering demand for spirulina based phycocyanin within food and nutraceuticals sectors

Regulatory ban on synthetic ingredients across Europe will remain a significant contributor towards global market growth

Phycocyanin hypolipidemic, anti-oxidant, and anti-inflammatory properties continue to gain traction in healthcare application areas

Increasing consumer concerns over food safety and growing awareness about potential side effects from synthetic additives are working in favor of market growth

Key Constraints for Phycocyanin Market

Increasing stringency of production standards in terms of traceability, supply, and controlled environments stands an impediment to market growth.

Demand-supply imbalance remains a longstanding challenge liming the growth of phycocyanin market.

Pond sources of phycocyanin are at a high risk of contamination, posing a major challenge facing phycocyanin market.

Explore the full phycocyanin market report with 109 illustrative figures, 62 data tables. Request table of contents at: https://www.factmr.com/connectus/sample?flag=RM&rep_id=4469 

Competition Landscape

Targeting rapid expansion of F&B and personal care & cosmetics industries, major players operating in the phycocyanin market are focusing on expansion in fast developing economies. Investments in new production bases will primarily remain concentrated in India and China, on the solid ground of low labor costs. This Fact.MR report covers some of the prominent players operating in the global phycocyanin market, which include Chr. Hansen Holding A/S, DDW Inc., DIC Corporation, Sensient Technologies Corp., GNT Holding B.V., Parry Nutraceuticals Ltd., and Naturalin Bio-Resources Co. Ltd.

About the Report

A comprehensive, 200-page report that offers detailed market analysis by type (cellulose, hemicellulose, chitin and chitosan, lignin, fiber/bran, and resistant starch), source (fruits, vegetables), application (pet food, functional food & beverages, pharmaceutical & dietary supplements) across 30+ countries in six major regions.

Media Release: https://www.factmr.com/media-release/1248/global-phycocyanin-market 

 

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.