This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in the field of algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.
The Phycocyanin Market is projected to reach $279.6 million by 2030, at a CAGR of 28.1% from 2023 to 2030. In terms of volume, the global phycocyanin market is projected to reach 3,587.2 tons by 2030 at a CAGR of 33.8% from 2023 to 2030. The growth of this market is driven by the increasing adoption of phycocyanin for nutraceutical & nutritional applications, the reluctance toward the use of synthetic colors, the rising demand for natural blue colorants, and increasing venture investments in phycocyanin production. Additionally, the high potential of phycocyanin in pharmaceutical applications and the increasing consumer awareness regarding clean-label products are further expected to provide growth opportunities for the players operating in the global phycocyanin market. However, the high prices of natural colorants, high costs of extracting and purifying phycocyanin, and complexities in algae production restrain the growth of this market.
Phycocyanin is a pigment-protein complex synthesized by blue-green microalgae such as Arthrospira (Spirulina). This pigment is mainly used as a natural coloring agent in the food industry. It is approved by the U.S. Food and Drug Administration (FDA) for use as a food coloring agent. This natural pigment shows antioxidant activity both in vivo and in vitro; therefore, it can be considered a nutraceutical compound. It is often used as a dietary nutritional supplement and exhibits various pharmacological properties. It is widely used as a natural blue dye for commercial applications in the food and cosmetics industries.
The stability, safety, bioavailability, interactions with food matrix components, and health-promoting effects of phycocyanin drive its utilization in various applications. The demand for phycocyanin as a natural blue food colorant has grown exponentially in the past five years, especially after the FDA’s 2013 approval of spirulina extract as a food colorant for gum and candy. In 2014, its applications were expanded to include frostings, ice cream and frozen desserts, dessert coatings and toppings, dry beverage mixes and powders, yogurts, custards, puddings, cottage cheese, gelatin, bread, and ready-to-eat cereals. In 2015, its use in coatings for dietary supplements and pharmaceuticals was also approved. Phycocyanin is one of the few natural blue colorants approved in the U.S., Europe, and Asia. In the U.S. FDA Code of Federal Regulations, spirulina extract has been approved as a color additive and is exempt from certification. It is produced through the filtered aqueous extraction of spirulina platensis dried biomass.
Besides F&B applications, phycocyanin is also used as a cosmetics colorant in lipstick, eyeliner, and eye shadow manufacturing. Moreover, phycocyanin and its bilin chromophore have remarkable potential for use in food technology as a safe food colorant, functional food additive, and nutraceutical and dietary supplement, given its excellent health-related properties. Its mass production is also sustainable and relatively inexpensive. Thus, the growing demand for natural blue colorants is expected to drive the growth of the phycocyanin market.
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In 2023, the Phycocyanin Powder Segment is Expected to Dominate the Global Phycocyanin Market
Based on form, the phycocyanin market is segmented into phycocyanin powder and liquid phycocyanin. In 2023, the phycocyanin powder segment is expected to account for the largest share of the global phycocyanin market. The large market share of this segment is mainly attributed to the benefits offered by phycocyanin powder, such as easy solubility and digestibility. Additionally, the powdered form allows active nutrient delivery and offers high flexibility with dosing. Thus, phycocyanin powder is highly used as a colorant and functional component in the food & beverage and cosmetic industries, contributing to its large market share.
However, the liquid phycocyanin segment is projected to register the highest CAGR during the forecast period. The growth of this segment is mainly driven by the increasing demand for liquid phycocyanin for applications in dietary supplements and personal care products. However, in the liquid form, phycocyanin degrades quickly due to oxidation reactions, resulting in the fading of color, which hampers its adoption to some extent.
In 2023, the Food Grade Phycocyanin Segment is Expected to Dominate the Global Phycocyanin Market
Based on grade, the phycocyanin market is segmented into food-grade phycocyanin, cosmetic-grade phycocyanin, and reagent- & analytical-grade phycocyanin. In 2023, the food-grade phycocyanin segment is expected to account for the largest share of the global phycocyanin market due to the increasing use of phycocyanin as an alternative to synthetic colors in the food & beverage industry, the growing awareness about the adverse effects of synthetic colors, and the increasing demand for clean-label brands that promote natural colors.
However, the cosmetic-grade phycocyanin segment is slated to register the highest CAGR during the forecast period. The fast growth of this segment is mainly driven by the increasing applications of phycocyanin in the cosmetic industry due to its therapeutic uses and zero to minimal side effects.
In 2023, the Food and Beverage Segment is Expected to Dominate the Global Phycocyanin Market
Based on application, the phycocyanin market is segmented into food & beverages, pharmaceuticals & nutraceuticals, cosmetics, and diagnostics and biomedical. In 2023, the food and beverage segment is expected to account for the largest share of the global phycocyanin market. The large market share of this segment is mainly attributed to the growing awareness about the adverse effects of synthetic food colorants on health, the rising trend of replacing artificial colorants with natural colorants in the food industry, and the non-toxic & non-carcinogenic properties of phycocyanin.
However, the cosmetics segment is slated to register the highest CAGR during the forecast period. The fast growth of this segment is mainly driven by the rising demand for natural cosmetics products and increasing awareness among consumers about the adverse effects of synthetic cosmetic products.
Asia-Pacific: Fastest-growing Regional Market
Based on geography, the phycocyanin market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the fastest growth rate during the forecast period due to the presence of several local and regional stakeholders and the rapidly growing demand for processed food products in emerging and developing countries, including India, China, Indonesia, and Thailand. Furthermore, the expanding food & beverage, nutraceuticals, and cosmetics industries and rising demand for phycocyanin in these industries are expected to provide growth opportunities for stakeholders operating in this market.
In 2023, Europe is expected to account for the largest share of the global phycocyanin market. The large share of this market is mainly attributed to the scientific and technological developments in the field of micro-algae research for various health foods and dietary supplements and growing demand for natural food colors due to stringent regulations against the use of synthetic colors in food and beverage products. Additionally, the growing cosmetic & personal care industries and the rising adoption of algae-derived/extracted natural colors in cosmetics are further expected to support the growth of this market in the region.
Key Players
The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in this market in the last three to four years. The key players operating in the global phycocyanin market are AlgoSource (France), Bluetec Naturals Co., Ltd (China), DIC Corporation (Japan), E.I.D. - Parry (India) Limited (India), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Givaudan SA (Switzerland), GNT Group B.V. (Netherlands), Hangzhou OuQi Food co., Ltd. (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Japan Algae Co., Ltd. (Japan), Jiangshan Comp Spirulina Co., Ltd (China), Merck KGaA (Germany), Phyco-Biotech Laboratories (France), Pond Technologies Inc. (Canada), Qingdao Haizhijiao Biotechnology Co., Ltd (China), Qingdao ZolanBio Co., Ltd. (China), Sensient Technologies Corporation (U.S.), SPIFORM (France), Wellisen Nutraceuticals (U.S.), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Yunnan Green A Biological Project Co., Ltd. (China), and Zhejiang Binmei Biotechnology Co., Ltd (China).
Scope of the Report:
Phycocyanin Market Assessment—by Form
Phycocyanin Market Assessment—by Grade
Phycocyanin Market Assessment—by Application
Phycocyanin Market Assessment—by Geography
Key Questions Answered in the Report:
Phycocyanin is a blue pigment found in blue-green microalgae such as Arthrospira (Spirulina) platensis and is widely used in various industries, such as food & beverages, cosmetics, pharmaceuticals, and nutraceuticals due to its antioxidant, anticancer, and anti-inflammatory properties. This study provides valuable insights into the phycocyanin market, segmented by form, grade, application, and geography.
The phycocyanin market is projected to reach $279.6 million by 2030, at a CAGR of 28.1% during the forecast period of 2023–2030.
The cosmetics segment is projected to record the fastest growth rate during the forecast period of 2023–2030.
The key players operating in the global phycocyanin market are AlgoSource (France), Bluetec Naturals Co., Ltd (China), DIC Corporation (Japan), E.I.D. - Parry (India) Limited (India), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Givaudan SA (Switzerland), GNT Group B.V. (Netherlands), Hangzhou OuQi Food co., Ltd. (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Japan Algae Co., Ltd. (Japan), Jiangshan Comp Spirulina Co., Ltd. (China), Merck KGaA (Germany), Phyco-Biotech Laboratories (France), Pond Technologies Inc. (Canada), Qingdao Haizhijiao Biotechnology Co., Ltd (China), Qingdao ZolanBio Co., Ltd. (China), Sensient Technologies Corporation (U.S.), SPIFORM (France), Wellisen Nutraceuticals (U.S.), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Yunnan Green A Biological Project Co., Ltd. (China), and Zhejiang Binmei Biotechnology Co., Ltd (China).
Asia-Pacific is projected to record the fastest growth rate during the forecast period of 2023–2030 due to the presence of several local and regional stakeholders and the rapidly growing demand for processed food products in emerging and developing countries, including India, China, Indonesia, and Thailand. Furthermore, the expanding food & beverage, nutraceuticals, and cosmetics industries and rising demand for phycocyanin in these industries are expected to provide growth opportunities for stakeholders operating in this market.
This report provides pre & post COVID-19 market estimates.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Phycocyanin Market—Form Segment Analysis
3.2.2. Phycocyanin Market—Grade Segment Analysis
3.2.3. Phycocyanin Market—Application Segment Analysis
3.3. Regional Level Analysis
3.4. Key Players
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Increasing Adoption of Phycocyanin for Nutraceutical & Nutritional Applications
4.2.2. Reluctance Toward the Use of Synthetic Colors
4.2.2.1. Stringent Regulations for Synthetic Color Additives
4.2.2.2. Health Hazards of Synthetic Colors
4.2.3. Rising Demand for Natural Blue Colorants
4.2.4. Increasing Venture Investments in Phycocyanin Production
4.3. Restraints
4.3.1. High Prices of Natural Colorants
4.3.2. High Costs of Extracting and Purifying Phycocyanin
4.3.3. Complexities in Algae Production
4.4. Opportunities
4.4.1. High Potential of Phycocyanin in Pharmaceutical Applications
4.4.2. Increasing Consumer Awareness Regarding Clean-label Products
4.5. Sources of Phycocyanin
5. Global Phycocyanin Market Assessment—by Form
5.1. Overview
5.2. Phycocyanin Powder
5.3. Liquid Phycocyanin
6. Global Phycocyanin Market Assessment—by Grade
6.1. Overview
6.2. Food-grade Phycocyanin
6.3. Reagent- & Analytical-grade Phycocyanin
6.4. Cosmetic-grade Phycocyanin
7. Global Phycocyanin Market Assessment—by Application
7.1. Overview
7.2. Food & Beverages
7.3. Cosmetics
7.4. Pharmaceuticals & Nutraceuticals
7.5. Diagnostics and Biomedical
8. Phycocyanin Market Assessment—by Geography
8.1. Overview
8.2. Europe
8.2.1. France
8.2.2. Germany
8.2.3. U.K.
8.2.4. Italy
8.2.5. Spain
8.2.6. Netherlands
8.2.7. Denmark
8.2.8. Sweden
8.2.9. Rest of Europe
8.3. North America
8.3.1. U.S.
8.3.2. Canada
8.4. Asia-Pacific
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. Thailand
8.4.6. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Mexico
8.5.2. Brazil
8.5.3. Rest of Latin America
8.6. Middle East & Africa
8.6.1. Egypt
8.6.2. Saudi Arabia
8.6.3. South Africa
8.6.4. UAE
8.6.5. Rest of Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Dashboard
9.3.1. Industry Leaders
9.3.2. Market Differentiators
9.3.3. Vanguards
9.3.4. Emerging Companies
9.4. Vendor Market Positioning
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments)
10.1. AlgoSource
10.2. Bluetec Naturals Co., Ltd
10.3. DIC Corporation
10.4. E.I.D. - Parry (India) Limited (A Subsidiary Of M/S. Ambadi Investments Limited)
10.5. Fuqing King Dnarmsa Spirulina Co., Ltd.
10.6. Givaudan SA
10.7. GNT Group B.V.
10.8. Hangzhou Ouqi Food co., Ltd.
10.9. Inner Mongolia Rejuve Biotech Co., Ltd.
10.10 Japan Algae Co., Ltd.
10.11. Jiangshan Comp Spirulina Co., Ltd
10.12. Merck KGaA
10.13. Phyco-Biotech Laboratories
10.14. Pond Technologies Inc.
10.15. Qingdao Haizhijiao Biotechnology Co., Ltd.
10.16. Qingdao Zaolanbio Co., Ltd.
10.17. Sensient Technologies Corporation
10.18. SPIFORM
10.19. Tianjin Norland Biotech Co., Ltd
10.20 Wellisen Nutraceuticals
10.21 Yunnan Green A Biological Project Co., Ltd. (A Subsidiary of Yunnan Spirin Biotechnology Co. Ltd)
10.22. Xi’an Fengzu Biological Technology Co., LTD. (FZBIOTECH)
10.23. Zhejiang Binmei Biotechnology Co.,Ltd
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Global Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 2 Global Phycocyanin Powder Market, by Country/ Region, 2021–2030 (USD Thousand)
Table 3 Global Liquid Phycocyanin Market, by Country/ Region, 2021–2030 (USD Thousand)
Table 4 Global Phycocyanin Market, by Grade, 2021–2030 USD Thousand)
Table 5 Global Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 6 Global Food-Grade Phycocyanin Market, by Country/Region, 2021–2030 (USD Thousand)
Table 7 Global Food-Grade Phycocyanin Market, by Country/Region, 2021–2030 (Tons)
Table 8 Global Reagent- & Analytical-Grade Phycocyanin Market, by Country/Region, 2021–2030 (USD Thousand)
Table 9 Global Reagent- & Analytical-Grade Phycocyanin Market, by Country/Region, 2021–2030 (Tons)
Table 10 Global Cosmetic-Grade Phycocyanin Market, by Country/Region, 2021–2030 (USD Thousand)
Table 11 Global Cosmetic-Grade Phycocyanin Market, by Country/Region, 2021–2030 (Tons)
Table 12 Global Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 13 Global Phycocyanin Market for Food & Beverages, by Country/Region, 2021–2030 (USD Thousand)
Table 14 Global Phycocyanin Market for Cosmetics, by Country/Region, 2021–2030 (USD Thousand)
Table 15 Global Phycocyanin Market for Pharmaceuticals & Nutraceuticals, by Country/ Region, 2021–2030 (USD Thousand)
Table 16 Global Phycocyanin Market for Diagnostics & Biomedical, by Country/ Region, 2021–2030 (USD Thousand)
Table 17 Global Phycocyanin Market, by Region, 2021–2030 (USD Thousand)
Table 18 Global Phycocyanin Market, by Region, 2021–2030 (Tons)
Table 19 Europe: Phycocyanin Market, by Country/Region, 2021–2030 (USD Thousand)
Table 20 Europe: Phycocyanin Market, by Country/Region, 2021–2030 (Tons)
Table 21 Europe: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 22 Europe: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 23 Europe: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 24 Europe: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 25 France: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 26 France: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 27 France: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 28 France: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 29 Germany: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 30 Germany: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 31 Germany: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 32 Germany: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 33 U.K.: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 34 U.K.: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 35 U.K.: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 36 U.K.: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 37 Italy: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 38 Italy: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 39 Italy: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 40 Italy: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 41 Spain: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 42 Spain: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 43 Spain: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 44 Spain: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 45 Netherlands: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 46 Netherlands: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 47 Netherlands: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 48 Netherlands: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 49 Denmark: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 50 Denmark: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 51 Denmark: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 52 Denmark: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 53 Sweden: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 54 Sweden: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 55 Sweden: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 56 Sweden: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 57 Rest of Europe: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 58 Rest of Europe: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 59 Rest of Europe: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 60 Rest of Europe: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 61 North America: Phycocyanin Market, by Country, 2021–2030 (USD Thousand)
Table 62 North America: Phycocyanin Market, by Country, 2021–2030 (Tons)
Table 63 North America: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 64 North America: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 65 North America: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 66 North America: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 67 U.S.: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 68 U.S.: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 69 U.S.: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 70 U.S.: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 71 Canada: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 72 Canada: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 73 Canada: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 74 Canada: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 75 Asia-Pacific: Phycocyanin Market, by Country, 2021–2030 (USD Thousand)
Table 76 Asia-Pacific: Phycocyanin Market, by Country, 2021–2030 (Tons)
Table 77 Asia-Pacific: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 78 Asia-Pacific: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 79 Asia-Pacific: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 80 Asia-Pacific: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 81 China: Leading Producers Of Phycocyanin
Table 82 China: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 83 China: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 84 China: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 85 China: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 86 India: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 87 India: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 88 India: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 89 India: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 90 Japan: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 91 Japan: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 92 Japan: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 93 Japan: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 94 Australia: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 95 Australia: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 96 Australia: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 97 Australia: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 98 Thailand: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 99 Thailand: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 100 Thailand: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 101 Thailand: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 102 Rest of Asia-Pacific: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 103 Rest of Asia-Pacific: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 104 Rest of Asia-Pacific: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 105 Rest of Asia-Pacific: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 106 Latin America: Phycocyanin Market, by Country/Region, 2021–2030 (USD Thousand)
Table 107 Latin America: Phycocyanin Market, by Country/Region, 2021–2030 (Tons)
Table 108 Latin America: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 109 Latin America: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 110 Latin America: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 111 Latin America: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 112 Brazil: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 113 Brazil: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 114 Brazil: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 115 Brazil: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 116 Mexico: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 117 Mexico: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 118 Mexico: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 119 Mexico: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 120 Rest of Latin America: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 121 Rest of Latin America: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 122 Rest of Latin America: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 123 Rest of Latin America: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 124 Middle East & Africa: Phycocyanin Market, by Country/Region, 2021–2030 (USD Thousand)
Table 125 Middle East & Africa: Phycocyanin Market, by Country/Region, 2021–2030 (Tons)
Table 126 Middle East & Africa: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 127 Middle East & Africa: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 128 Middle East & Africa: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 129 Middle East & Africa: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 130 Egypt: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 131 Egypt: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 132 Egypt: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 133 Egypt: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 134 Saudi Arabia: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 135 Saudi Arabia: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 136 Saudi Arabia: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 137 Saudi Arabia: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 138 South Africa: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 139 South Africa: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 140 South Africa: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 141 South Africa: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 142 UAE: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 143 UAE: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 144 UAE: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 145 UAE: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 146 Rest of Middle East & Africa: Phycocyanin Market, by Form, 2021–2030 (USD Thousand)
Table 147 Rest of Middle East & Africa: Phycocyanin Market, by Grade, 2021–2030 (USD Thousand)
Table 148 Rest of Middle East & Africa: Phycocyanin Market, by Grade, 2021–2030 (Tons)
Table 149 Rest of Middle East & Africa: Phycocyanin Market, by Application, 2021–2030 (USD Thousand)
Table 150 Recent Developments—by Company (2019–2023)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Secondary Sources Referenced for this Study
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation and Growth Forecast Approach
Figure 8 In 2023, the Phycocyanin Powder Segment to Dominate the Phycocyanin Market
Figure 9 In 2023, the Food Grade Phycocyanin Segment to Dominate the Phycocyanin Market
Figure 10 In 2023, the Food & Beverages Segment to Dominate the Phycocyanin Market
Figure 11 Europe Dominates the Overall Phycocyanin Market, While Asia-Pacific Leads in Growth
Figure 12 Factors Affecting Market Growth
Figure 13 Global Phycocyanin Market, by Form, 2023 Vs. 2030 (USD Thousand)
Figure 14 Global Phycocyanin Market, by Grade, 2023 Vs. 2030 (USD Thousand)
Figure 15 Global Phycocyanin Market, by Grade, 2023 Vs. 2030 (Tons)
Figure 16 Global Phycocyanin Market, by Application, 2023 Vs. 2030 (USD Thousand)
Figure 17 Global Phycocyanin Market, by Region
Figure 18 Global Phycocyanin Market, by Region, 2023 Vs. 2030 (Tons)
Figure 19 Europe: Phycocyanin Market Snapshot, 2023
Figure 20 North America: Phycocyanin Market Snapshot, 2023
Figure 21 Asia-Pacific: Phycocyanin Market Snapshot, 2023
Figure 22 Latin America: Phycocyanin Market Snapshot, 2023
Figure 23 Middle East & Africa: Phycocyanin Market Snapshot, 2023
Figure 24 Key Growth Strategies Adopted by Leading Players (2019–2023)
Figure 25 Competitive Dashboard: Global Phycocyanin Market
Figure 26 Global Phycocyanin Market Competitive Benchmarking—by Application
Figure 27 DIC Corporation: Financial Overview (2022)
Figure 28 E.I.D. - Parry (India) Limited: Financial Overview (2022)
Figure 29 Givaudan SA: Financial Overview (2022)
Figure 30 Merck KGaA: Financial Overview (2021)
Figure 31 Sensient Technologies Corporation: Financial Overview (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2023
Published Date: Jan-2020
Published Date: Apr-2023
Published Date: Apr-2023
Published Date: Apr-2020
