Press release
Phycocyanin Market Valuation to reach US$ 230 Mn by 2029
Market Size and Growth:
The global phycocyanin market was valued at US$ 120 Mn in 2019 and is projected to reach US$ 230 Mn by 2029, growing at a CAGR of 7% during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24329&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Market Segmentation:
By Form: Liquid, Powder
By Application: Food & Beverages, Dietary Supplements, Cosmetics, Pharmaceuticals, Others
By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Regional Analysis:
North America: The largest market for phycocyanin, driven by the growing demand for natural food colors and dietary supplements.
Europe: Increasing adoption of phycocyanin in cosmetics and pharmaceuticals is driving the market growth in this region.
Asia-Pacific: Rapidly growing food and beverage industry, coupled with rising health consciousness, is fueling the demand for phycocyanin.
Latin America, Middle East & Africa: Emerging markets with increasing awareness about the health benefits of phycocyanin.
Market Drivers and Challenges:
Drivers: Increasing consumer preference for natural and organic products, growing awareness about the health benefits of phycocyanin, expanding applications in various industries.
Challenges: High production costs, limited availability of raw materials, regulatory challenges.
Market Trends:
Growing focus on sustainable sourcing and production practices.
Rising demand for phycocyanin in vegan and plant-based products.
Increasing R&D activities for new applications of phycocyanin.
Competitive Landscape:
The global phycocyanin market is highly competitive, with several key players focusing on product innovation, strategic partnerships, and expansion in emerging markets. Some of the key players in the market include:
DDW Inc.
Cyanotech Corp.
Dongtai City Spirulina Bio-Engineering Co., Ltd.
Parry Nutraceuticals Limited
Fuqing King Dnarmsa Spirulina Co., Ltd.
Sensient Technologies Corp.
GNT Holding B.V., Dรถhler GmbH
Naturex S.A.
DIC Corporation
Naturalin Bio-Resources Co., Ltd.
Far East Bio-Tec Co., Ltd.
Fraken Biochem Co., Ltd.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=24329<ype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Future Outlook:
The phycocyanin market is expected to continue its growth trajectory, driven by increasing consumer demand for natural and healthy products. Technological advancements in production processes and expanding applications in various industries are likely to create lucrative opportunities for market players.
Key Market Study Points:
Market Size Estimation: Historical Data (2019-2020), Forecast Period (2021-2029)
Data Triangulation: Market Dynamics (Supply, Demand, Pricing Trends), Competitive Landscape
Primary Interviews: Key Insights from Industry Experts, Key Opinion Leaders, Market Participants
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐๐ฅ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html
๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐ฅ๐จ๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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