Press release
Phycocyanin Market Surges: Key Developments Across Leading Economies
Phycocyanin Market
The global phycocyanin market is experiencing remarkable expansion, driven by increasing consumer demand for natural and health-enhancing products. Valued at approximately USD 203.33 Mn. in 2023, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.6% from 2024 to 2030, reaching an estimated USD 391.72 Mn. by 2030.
๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/45492/
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐
Vietnam's phycocyanin market is witnessing growth due to rising health consciousness and a shift towards natural food additives. The country's integration into global trade frameworks has attracted investments from nations such as Japan, South Korea, and Singapore, fostering advancements in the food and beverage sector.
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐
Thailand is experiencing an uptick in phycocyanin demand, propelled by its robust food and beverage industry. The nation's focus on natural ingredients aligns with global trends, enhancing the adoption of phycocyanin as a preferred natural colorant.
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐
In Japan, the phycocyanin market is expanding, supported by consumer preferences for natural and functional foods. Companies like ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง are at the forefront, investing in research to develop innovative applications for phycocyanin in various products.
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐
South Korea's market is consolidating, with significant investments in the nutraceutical sector. The emphasis on health and wellness has led to increased utilization of phycocyanin in dietary supplements and functional foods.
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐
Singapore is updating its food industry standards, promoting the use of natural additives like phycocyanin. The nation's commitment to innovation and quality assurance is driving the incorporation of phycocyanin in various culinary applications.
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐
The United States presents substantial opportunities for phycocyanin, driven by a growing preference for clean-label products. Companies such as ๐๐๐ง๐ฌ๐ข๐๐ง๐ญ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง are leading the charge, expanding their natural colorant portfolios to include phycocyanin-based solutions.
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ช๐๐๐๐
China's phycocyanin market is on the rise, fueled by increasing health awareness and demand for natural food ingredients. The country's expansive food processing industry is integrating phycocyanin to meet consumer preferences for natural and nutritious products.
๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฌ๐๐๐๐๐
Europe is witnessing significant trends towards natural food colorants, with phycocyanin gaining traction across various applications. Companies like ๐๐ก๐ซ. ๐๐๐ง๐ฌ๐๐ง ๐๐จ๐ฅ๐๐ข๐ง๐ ๐/๐ are investing in phycocyanin to cater to the region's demand for sustainable and health-conscious food solutions.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
The phycocyanin industry has seen notable mergers and acquisitions aimed at enhancing market presence and product offerings. For instance, ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง has expanded its capabilities through strategic partnerships, strengthening its position in the natural colorants market.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/45492/
๐๐ก๐ฒ๐๐จ๐๐ฒ๐๐ง๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฎ ๐๐๐ฉ๐ช๐ง๐
Organic
Conventional
๐๐ฎ ๐๐ค๐ง๐ข
Powder
Liquid
Because powdered phycocyanin is widely used in many different industries, particularly in food and drinks as a natural blue colourant, it led the phycocyanin market based on form. Its dry shape makes it simple to incorporate into solid formulations, dry mixes, and supplements, improving the products' visual attractiveness. Because of its stability in formulations such as powdered beauty products, powdered phycocyanin is preferred in the cosmetics industry.
๐๐ฎ ๐๐ง๐๐๐
Phycocyanin E18
Phycocyanin E25
Phycocyanin E3.0
According to grade, Phycocyanin E18 held a significant market share in 2023 and is well-known for its greater level of purity. It is often used in pharmaceuticals and upscale food products where purity is crucial. Its exceptional quality makes it advantageous for culinary products that need premium-grade natural colourants as well as for pharmaceutical formulations because of its possible therapeutic effects.
๐๐ฎ ๐ผ๐ฅ๐ฅ๐ก๐๐๐๐ฉ๐๐ค๐ฃ
Food & Beverages
Cosmetics & Personal Care
Nutraceuticals
Animal Feed
Aquaculture
๐๐จ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ ๐จ ๐ญ๐จ: https://www.maximizemarketresearch.com/request-sample/45492/
๐๐ก๐ฒ๐๐จ๐๐ฒ๐๐ง๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Major Contributors in the Phycocyanin Industry in North America:
1. Cyanotech Corp., Hawaii, US
2. Sensient Technologies Corporation, Wisconsin, US
3. Algorigin USA, California, US
4. Earthrise Nutritionals, California, US
5. Parry Nutraceuticals, Arizona, US
Leading players in the Europe Phycocyanin Market:
1. Algatech, Israel
2. Farmaespaรฑa, Spain
3. Algenics, France
4. VHB Herbs, Bulgaria
5. GNT Group, Germany
Key players driving the Asia-Pacific Phycocyanin market:
1. DIC Corporation, Tokyo, Japan
2. Far East Bio-Tec Co., Ltd., Taiwan
3. Fraken Biochem Co., Ltd, Shandong, China
4. Kingherbs Limited, Hunan, China
๐ ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ณ๐ณ:
Organic Chocolate Market https://www.maximizemarketresearch.com/market-report/organic-chocolate-market/220851/
Organic Cheese Market https://www.maximizemarketresearch.com/market-report/organic-cheese-market/220871/
Organic Baby Food Market https://www.maximizemarketresearch.com/market-report/organic-baby-food-market/221143/
Oryzenin Market https://www.maximizemarketresearch.com/market-report/oryzenin-market/217548/
Manuka Honey Market https://www.maximizemarketresearch.com/market-report/manuka-honey-market/217559/
Global Food Grade Gases Market https://www.maximizemarketresearch.com/market-report/global-food-grade-gases-market/28592/
Global Alternative Sweeteners Market https://www.maximizemarketresearch.com/market-report/global-alternative-sweeteners-market/21291/
Pickles Market https://www.maximizemarketresearch.com/market-report/pickles-market/221120/
Cocoa Liquor Market https://www.maximizemarketresearch.com/market-report/cocoa-liquor-market/188078/
Dog and Cat Food Market https://www.maximizemarketresearch.com/market-report/dog-and-cat-food-market/194019/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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