Demand For Phycocyanin Is Boosting By Growing Consumption In Cosmetics And Animal Feed Segments - Fact.MR Analysis

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.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:https://www.factmr.com/connectus/sample?flag=S&rep_id=4469?PS

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗣𝗵𝘆𝗰𝗼𝗰𝘆𝗮𝗻𝗶𝗻 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 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 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆: 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.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4469?PS

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.

𝗣𝗵𝘆𝗰𝗼𝗰𝘆𝗮𝗻𝗶𝗻 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

Fact.MR's study has done the segmentation of phycocyanin market on the basis of nature, form, application and region.

By Nature :

• Organic
• Conventional

By Form :

• Powder
• Liquid

By Application :

• Food and Beverage
• Nutraceuticals
• Animal Feed
• Cosmetics and
• Personal Care
• Others

By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• Middle East and Africa (MEA)

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/checkout/4469

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This release was published on openPR.