- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Natural Food Colorant
- Pharmaceutical Industry
- DIC
- Japan Algae
- Parry Nutraceuticals
- Ozone Naturals
- EcoFuel Laboratories
- Nan Pao International Biotech
- King Dnarmsa Spirulina
- Zhejiang Binmei Biotechnology
- Wuli Lvqi
- Norland
-
North America
- U.S.A
- Canada
- Europe
- France
- Germany
- Spain
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South East Asia
- Latin America
- Brazil
- Middle East and Africa
- Market Forecast for 2024-2030
- Market growth drivers
- Challenges and Opportunities
- Emerging and Current market trends
- Market player Capacity, Production, Revenue (Value)
- Supply (Production), Consumption, Export, Import analysis
- End user/application Analysis
Phycocyanin Market Analysis & Forecast 2024-2030
Phycocyanin Market by Product (Food Grade, Cosmetic Grade, Pharmaceutical Grade ) by Application (Natural Food Colorant, Pharmaceutical Industry ) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)
Global Phycocyanin Market is expected to reach USD 288.25 million by 2031 with CAGR of 8.3 % between 2025 and 2031
Phycocyanin is a blue pigment that is attached to photosynthetic membranes important used in the photosynthesis (food production) of cyanobacteria and accounts for up to 20% of proteins in cyanobacteria. Phycocyanin has the characteristics of high efficiency and low toxicity, and it can be used as a functional food. It also assists the function of chlorophyll especially during low light conditions.
Phycocyanin has anti-oxidative function, anti-inflammatory activity, anti-cancer function, immune enhancement function, liver and kidney protection pharmacological effects. Thus, phycocyanin has potential to become a new a promising anti-cancer drug in the field of drug research. Specially, the use of phycocyanin as non-toxic and non-carcinogenic natural colourants is gaining importance worldwide in view of the potential toxicity and carcinogenicity of the synthetic colourants. This is boosting investment in research and development which ultimately driving growth in this market.
Europe is the is largest phycocyanin market especially western Europe. North America region is expected to grow at the highest CAGR during forecast period. Growing demand for the natural colourants, increasing applications of phycocyanin pigments in food supplements, nutraceuticals, pharmaceuticals, cosmetics and in dietary supplements, rising demand due to cost effectiveness, favorable government initiatives are major factors for growth of this market. However, phycocyanin contamination is affecting production, discontinuity in import and export of phycocyanin and uneven environment change challenging the production of phycocyanin are hindering growth of the global phycocyanin market.
Phycocyanin Market : Product Type
Phycocyanin Market : Application
Global Phycocyanin Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Phycocyanin Market:
Geographical analysis of Phycocyanin Market :
Global Phycocyanin Market Report delivers a comprehensive analysis of the following parameters:
Report Coverage
| Parameters | Details |
|---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 164.96 million |
Forecast Value (2031) |
USD 288.25 million |
CAGR (2025-2030) |
8.3 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Frequently Asked Questions (FAQ)
Phycocyanin Market was valued at around USD 164.96 million in 2023 & estimated to reach USD 288.25 million by 2030.
Phycocyanin Market is likely to grow at Compound Annual Growth Rate (CAGR) of 8.3% between 2024 to 2030.
Phycocyanin Market is dominated by the Food Grade segment and the Europe region holds the highest market share in 2023.
Some of the top key players in the Phycocyanin Market are DIC, Japan Algae, Parry Nutraceuticals, Ozone Naturals, EcoFuel Laboratories, Nan Pao International Biotech, King Dnarmsa Spirulina, Zhejiang Binmei Biotechnology, Wuli Lvqi, Norland.
Primary driving factors for the growth of the Phycocyanin Market include Growing demand for the natural colourants, increasing applications of phycocyanin pigments in food supplements, nutraceuticals, pharmaceuticals, cosmetics and in dietary supplements, rising demand due to cost effectiveness.
Yes, the report includes COVID 19 impact on the market.
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