The global demand for Food Grade Phycocyanin Market is presumed to reach the valuation of nearly USD XXX MN by 2027 from USD XXX MN in 2020 with a CAGR of X.XX% under the study period of 2021 - 2027. Whereas with regards to volume, the market was calculated XXX KT in 2020 and foreseen to touch XXX KT by 2027 with a CAGR of X.X% during 2021-2027.
Food grade phycocyanin obtained from natural resources has been widely used as a food additive and cosmetic colorant, medicine, and fluorescent dye. It is used for numerous types of foods, including yogurts, milkshakes, ice creams, alcoholic and non-alcoholic beverages, desserts, and cosmetic products. Food grade phycocyanin is also added to nutritional supplements. The utilization of food-grade phycocyanin proteins helps inhibit inflammation of osteoarthritis by regulation of interleukin-6 and cytokines factors.
Rising demand for natural colorants and people's growing healthy lifestyle drive the global food grade phycocyanin market. With improved living standards and attention to health issues, phycocyanin is a functional food preferred by more and more people. The phycocyanin market is forecasted to grow at a more robust pace during the forecast period as phycocyanin is getting approval for new uses, which has opened many opportunities for this market. Food Grade Phycocyanin has excellent potential for research and development as a drug or functional food. The pharmacological actions of phycocyanin, such as anti-inflammation, antioxidation, antitumor, and immunological enhancement, drive much research.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of food grade phycocyanin.
This section of the food grade phycocyanin market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service..
- C Phycocyanin
- R Phycocyanin
- Nutritional Supplements
This section covers regional segmentation which accentuates on current and future demand for food grade phycocyanin market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Food Grade Phycocyanin Market by Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the food grade phycocyanin market include DIC, Japan Algae, Parry Nutraceuticals, Ozone Naturals, EcoFuel Laboratories, Nan Pao International Biotech, King Dnarmsa Spirulina, Zhejiang Binmei Biotechnology, Wuli Lvqi, NorlandS. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.