Global Phycocyanin Market Is Forecasted To Exhibit Expansion At A Noteworthy 6.9% CAGR by 2033

As of 2023, global demand for phycocyanin accounts for US$ 180.5 million in value and is predicted to reach a market size of US$ 353 million by the end of 2033. The global phycocyanin market is forecasted to exhibit expansion at a noteworthy 6.9% CAGR from 2023 to 2033, as per this latest Fact.MR market research analysis.

Phycocyanin is a pigment-protein complex that is an accessory pigment to chlorophyll and is from the light-harvesting phycobiliprotein family. Phycocyanin is used to create natural blue color for foods and beverages. Ban on the use of synthetic colors in food and beverages in several countries has led to a substantial hike in demand for natural food colors and natural food color additives.

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

𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 : -

• Cyanotech Corp.
• Naturalin Bio-Resources Co. Ltd.
• DIC Corporation
• DDW Inc.
• Sensient Technologies Corp.
• GNT Holding B.V.
• Chr. Hansen Holding A/S
• Fuqing King Dnarmsa Spirulina Co. Ltd.
• Parry Nutraceuticals Limited
• Dongtai City Spirulina Bio-Engineering Co. Ltd.
• Far East Bio-Tec Co. Ltd.

Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Prime phycocyanin manufacturers are adopting strategies such as mergers, acquisitions, and collaborations to expand their business scope around the world.

• In December 2021, Givaudan, a multinational Swiss manufacturer of flavor and fragrances, announced that it had completed the acquisition of DDW, The Color House, which is a natural color company based in the United States. This acquisition made Givaudan one of the two top players in the natural colors marketplace.

• In July 2020, Global EcoPower (GEP), a French renewable energy company, announced that it had acquired spirulina production and marketing assets from Tam, a Brittany-based spirulina producer. With this acquisition, GEP had plans to expand its phycocyanin and spirulina production capacity, which would have strengthened its stance in the global competitive landscape.

The launch of new products containing phycocyanin by several companies owing to the rising consumption of superfoods and fortified beverages is also expected to create expansive business scope for phycocyanin suppliers going forward.

• In December 2021, Ful announced the launch of its new range of non-alcoholic mixers in the United Kingdom. The mixers comprised a specifically-formulated spirulina and came in three distinct flavors.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐏𝐡𝐲𝐜𝐨𝐜𝐲𝐚𝐧𝐢𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Nature :
• Organic
• Conventional

• By Form :
• Powder
• Liquid

• By Application :
• Food and Beverages
• Nutraceuticals
• Animal Feed
• Cosmetics & Personal Care
• Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐬

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU - (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

𝐇𝐨𝐰 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐀𝐬𝐬𝐢𝐬𝐭𝐬 𝐢𝐧 𝐌𝐚𝐤𝐢𝐧𝐠 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐌𝐨𝐯𝐞𝐬?

The data provided in the Phycocyanin Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧:https://www.factmr.com/connectus/sample?flag=RC&rep_id=4469?PJ

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This release was published on openPR.