Phycocyanin Market Is Forecasted To Reach Us$ 353 Million By 2033

The Phycocyanin Industry sales study offers a comprehensive analysis on diverse features including production capacities, Phycocyanin demand, product developments, sales revenue generation and Phycocyanin market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Phycocyanin market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

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.

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

The readability score of the Phycocyanin market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Phycocyanin market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Phycocyanin along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Phycocyanin market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• 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.

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 :
o Organic
o Conventional

• By Form :
o Powder
o Liquid

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

• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

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