Press release
Phycocyanin Market to Witness Growth Acceleration by 2031/ DIC Corp., Sensient Technologies Corp., Cyanotech, E.I.D. - Parry (India) Ltd, Döhler GmbH
Global phycocyanin market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand for natural blue food colourants across industries such as food and beverages, cosmetics, and pharmaceuticals. Phycocyanin, derived from blue-green algae like spirulina, is sought after for its vivid colour and perceived health benefits. Growing consumer preference for natural ingredients, coupled with the rising awareness of phycocyanin's antioxidant and anti-inflammatory properties, has fuelled its adoption. Looking towards its high market demand key players are expanding their production capacity of phycocyanin.For instance, in 2023, DIC Corp. (DIC) unveiled plans for collaborative business expansion in the polyphenols sector and has partnered with California-based biotechnology startup Debut that employs advanced biotechnology and the venture aims to produce polyphenols for application in both the food and cosmetics industries.
Further, in June 2022, DDW, Inc. headquartered in the US, and Fermentalg based in France, commenced the pre-commercialization phase of the revolutionary acid-stable Galdieria Blue Extract and is anticipated to hit the market in the near future, this innovative product represents a significant advancement in the field.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Form
By Grade
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes DIC Corp., Sensient Technologies Corp., Cyanotech, E.I.D. - Parry (India) Ltd, Döhler GmbH and others.
Phycocyanin Market Report Segment
By Form
Dry
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E3.0
By Application
Food & Beverages
Pharmaceuticals & Nutraceuticals
Cosmetics & Personal Care
Diagnostics & Biomedical
Others (Animal feed)
A full Report of Phycocyanin Market is Available @ https://www.omrglobal.com/industry-reports/phycocyanin-market
Phycocyanin Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
AlgoSource
Bluetec Naturals Co., Ltd.
DDW Inc. (Givaudan)
Döhler GmbH
I.D. - Parry (India) Ltd.
Earthrise Nutritionals LLC
Far East Bio-Tec Co., Ltd.
FrakenBiochem Co., Ltd.
Fuqing King Dnarmsa Spirulina Co., Ltd.
Japan Algae Co. Ltd
Jiangshan Comp Spirulina Co. Ltd.
Nan Pao International Biotech Co. Ltd.
Naturalin Bio-Resources Co., Ltd
Naturex S.A.
Parry Nutraceuticals Ltd.
Laboratoires Phyco-Biotech
Pond Technologies Holdings Inc.
QINGDAO ZAOLANBIO CO., LTD.
Sigma-Aldrich Corporation (Merck KGaA, Darmstadt, Germany)
Wellisen Nutraceuticals Pvt. Ltd.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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𝐏𝐡𝐲𝐜𝐨𝐜𝐲𝐚𝐧𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡: 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐌𝐚𝐣𝐨𝐫 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐞𝐬
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