Global Phycocyanin Market Growth 2023-2029

Global Phycocyanin Market Growth 2023-2029

Phycocyanin is a pigment-protein complex from the light-harvesting phycobiliprotein family, along with allophycocyanin and phycoerythrin. It is an accessory pigment to chlorophyll. All phycobiliproteins are water-soluble, so they cannot exist within the membrane like carotenoids can. Instead, phycobiliproteins aggregate to form clusters that adhere to the membrane called phycobilisomes. Phycocyanin is a characteristic light blue color, absorbing orange and red light, particularly near 620 nm (depending on which specific type it is), and emits fluorescence at about 650 nm (also depending on which type it is). Allophycocyanin absorbs and emits at longer wavelengths than phycocyanin C or phycocyanin R. Phycocyanins are found in Cyanobacteria (also called blue-green algae).

LPI (LP Information)' newest research report, the “Phycocyanin Industry Forecast” looks at past sales and reviews total world Phycocyanin sales in 2022, providing a comprehensive analysis by region and market sector of projected Phycocyanin sales for 2023 through 2029. With Phycocyanin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phycocyanin industry.

This Insight Report provides a comprehensive analysis of the global Phycocyanin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phycocyanin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phycocyanin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phycocyanin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phycocyanin.

The global Phycocyanin market size is projected to grow from US$ 57 million in 2022 to US$ 160.1 million in 2029; it is expected to grow at a CAGR of 160.1 from 2023 to 2029.

DIC, Parry Nutraceuticals, Nan Pao International Biotech, King Dnarmsa Spirulina and Zhejiang Binmei Biotechnology are the top 5 of global Phycocyanin, with about 74% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Phycocyanin market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Food Grade
Cosmetic Grade
Pharmaceutical Grade

Segmentation by application
Natural Food Colorant
Pharmaceutical Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DIC
Japan Algae
Parry Nutraceuticals
Ozone Naturals
EcoFuel Laboratories
Nan Pao International Biotech
King Dnarmsa Spirulina
Zhejiang Binmei Biotechnology
Wuli Lvqi
Norland

Key Questions Addressed in this Report

What is the 10-year outlook for the global Phycocyanin market?

What factors are driving Phycocyanin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Phycocyanin market opportunities vary by end market size?

How does Phycocyanin break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.