Global phycocyanin market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand for natural blue food colourants across industries such as food and beverages, cosmetics, and pharmaceuticals. Phycocyanin, derived from blue-green algae like spirulina, is sought after for its vivid colour and perceived health benefits. Growing consumer preference for natural ingredients, coupled with the rising awareness of phycocyanin's antioxidant and anti-inflammatory properties, has fuelled its adoption. Looking towards its high market demand key players are expanding their production capacity of phycocyanin. 

For instance, in 2023, DIC Corp. (DIC) unveiled plans for collaborative business expansion in the polyphenols sector and has partnered with California-based biotechnology startup Debut that employs advanced biotechnology and the venture aims to produce polyphenols for application in both the food and cosmetics industries.

Further, in June 2022, DDW, Inc. headquartered in the US, and Fermentalg based in France, commenced the pre-commercialization phase of the revolutionary acid-stable Galdieria Blue Extract and is anticipated to hit the market in the near future, this innovative product represents a significant advancement in the field.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Form
By Grade
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes DIC Corp., Sensient Technologies Corp., Cyanotech, E.I.D. – Parry (India) Ltd, Döhler GmbH and others.

Phycocyanin Market Report Segment

By Form

Dry
Liquid

By Grade

Phycocyanin E18
Phycocyanin E25
Phycocyanin E3.0

By Application

Food & Beverages
Pharmaceuticals & Nutraceuticals
Cosmetics & Personal Care
Diagnostics & Biomedical
Others (Animal feed)

A full Report of Phycocyanin Market is Available @  https://www.omrglobal.com/industry-reports/phycocyanin-market

Phycocyanin Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

AlgoSource
Bluetec Naturals Co., Ltd.
DDW Inc. (Givaudan)
Döhler GmbH 
I.D. – Parry (India) Ltd.
Earthrise Nutritionals LLC
Far East Bio-Tec Co., Ltd.
FrakenBiochem Co., Ltd.
Fuqing King Dnarmsa Spirulina Co., Ltd.
Japan Algae Co. Ltd
Jiangshan Comp Spirulina Co. Ltd.
Nan Pao International Biotech Co. Ltd.
Naturalin Bio-Resources Co., Ltd
Naturex S.A.
Parry Nutraceuticals Ltd.
Laboratoires Phyco-Biotech
Pond Technologies Holdings Inc.
QINGDAO ZAOLANBIO CO., LTD.
Sigma-Aldrich Corporation (Merck KGaA, Darmstadt, Germany)
Wellisen Nutraceuticals Pvt. Ltd.

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Over 100+ paid data sources mined for investigation.
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