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Phycocyanin Market

Release date:

Sep-2020

Region:

global

Research Code:MRFB - 104430

Sku:MRFB - 104430

Phycocyanin Market by Form (Liquid, Powder), by Grade (Food Grade, Cosmetic Grade, Reagent Grade, Analytical Grade) by Application (Food and Beverages, Pharmaceutical and Nutraceutical, Diagnostics and Biomedical), Geography - Global Forecast To 2027

  • Report ID: MRFB - 104430
  • Pages: 130
  • Sep-2020
  • Formats*: PDF
  • Category: Food and Beverages
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The Phycocyanin Market is expected to reach $245.5 million by 2027, at a CAGR of 28.5% during the forecast period of 2020 to 2027.

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 growth of this market is mainly attributed to key factors such as increased adoption of phycocyanin in the manufacturing of therapeutic & nutritional products, growing reluctance towards the usage of synthetic colors, rising demand for natural blue colorants, and investments from leading color houses in the phycocyanin space. However, the high cost of natural colors and purification and extraction, the complex production procedure of spirulina, and the risk of algae contamination are factors that are expected to hinder the growth of the global phycocyanin market to some extent.

Phycocynin Market

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Impact of Covid-19 on the Phycocyanin Market

The border closures, quarantines, and market supply chain and trade disruptions could restrict people’s access to sufficient/diverse and nutritious sources of food, especially in countries hit hard by the virus or already affected by high levels of food insecurity. The worldwide supply chain includes distribution, packaging, as well as sourcing of raw materials. Lockdowns have disrupted the transportation of packaged foods, prepared foods, and non-alcoholic and alcoholic beverages. In addition, the shutdowns of restaurants and quick-service facilities due to lockdowns have hindered the growth of the food & beverage industry to a large extent. Nutritious and diverse food sources are in short supply in the wake of the global health crisis. Also, greater food insecurity is prevalent in regions hit hard by COVID-19, such as Spain, Italy, and the U.S. Thus, the negative impact on the global economy, supply chains, and trade are indirectly hampering the growth of the phycocyanin market to some extent.

Food & beverage companies across the world continue to feel the impact of COVID-19. Social distancing, self-isolation, and city-wide lockdowns have forced many establishments to close in countries across Asia, the U.S., Europe, and the rest of the world. In the U.K., the U.S., and Australia, supermarket chains have started to enforce new rules to curb panic buying, while suppliers and factory workers have put additional health and safety measures in place to keep consumers safe. Moreover, the manufacturers of consumer food & beverage products are facing significantly reduced consumption as well as disrupted supply chains. The food & beverage industry has witnessed a slight downfall due to the lockdowns imposed across various countries. This scenario has also impacted the confectionery industry negatively since people are opting to buy only essential products.

In addition, government bodies have passed various rules and regulations for the purchase of essential goods. The majority of the consumers are buying essential products, which has caused a rapid decline in the consumption of confectionery items. According to trade organizations in the nutritional products industry, there has been a significant impact on many points in the global supply chain for functional foods and dietary supplements. This has, in turn, lowered the sales and consumption of phycocyanin by its end users, impacting the phycocyanin market.

Increasing number of health hazards to fuel the growth of the phycocyanin market.

Synthetic colors have high practical value as they are used in various industries. These colors are manufactured chemically and are the most commonly used dyes in the food and beverage, pharmaceutical, and cosmetic industries. However, it is observed that synthetic colorants can cause various health problems, such as allergic disorders, skin irritations, and digestion problems among consumers. For instance:

  • Synthetic orange-red color induces allergy-like reactions &hyperactivity in children.
  • Higher consumption of tartrazine is linked to cancer and is known to provoke asthma attacks and skin reactions.

Health problems, along with growing awareness among consumers regarding environmental health, is leading to the growing demand for natural colors to be used in food, beverages, pharmaceutical and cosmetic products.

Furthermore, the demand for chemical-free food products is growing drastically across the globe, due to which various government authorities are taking initiatives to discard or discontinuing marketing licenses of products containing synthetic colors. For instance:

  • In 2017, Japan and all European countries banned the trading of products containing synthetic food color.
  • In 2009, the UK Food Standard Agency phased out tartrazine, a synthetic food color.
  • Amaranth was banned in the U.S. since 1974, as it causes a rash similar to nettle rash, particularly among those with aspirin intolerance or asthmatics.
  • Allura red AC, synthetic food color, banned in Denmark, Belgium, France, and Switzerland.
  • Erythrosine food color is banned in Norway and the U.S., as it is linked with thyroid activities.
  • Carmoisine was banned in Sweden, the U.S., Japan, and Norway. It is also phased out of the U.K., as it is linked with allergic and intolerance reactions.

This trend is expected a shift towards the use of natural colors over synthetic colors and will further boost the growth of the phycocyanin as natural colorants in the future.

Key Findings in the Phycocyanin Market Study:

In 2020, the powder segment to dominate the global phycocyanin market.

Based on form, the powder segment is estimated to command the dominant share of the overall phycocyanin market in 2020. Powder breaks down quickly and bids high comfort of digestion in comparison to other forms. Also, powder allows active nutrient delivery and offers high flexibility with dosing, further driving the growth of this segment.

The food grade segment to dominate the global phycocyanin market in 2020.

Based on grade, the food grade segment is estimated to command the largest share of the overall phycocyanin market in 2020. The large share of this segment is mainly attributed to the rising demand of phycocyanin as the alternative for synthetic color, growing consumer preference towards clean label products, and stringent regulations against synthetic colors.

Food and beverage to dominate the global phycocyanin market in 2020.

Based on application, the food and beverage segment is estimated to command the largest share of the overall phycocyanin market in 2020. The large share of this segment is mainly attributed to growing consumer preference towards ready-to-drink beverages, growing awareness about health issues associated with the use of synthetic colorants in soft drinks, and the trend of replacing artificial colorants with natural ones. In addition, the growing demand for protein-enhanced drinks is boosting the demand for phycocyanin.

Asia-Pacific: The fastest growing region

Asia-Pacific is expected to grow with the fastest CAGR during the forecast period. The fast growth of this region is primarily attributed to factors such as the changing lifestyle of people, the presence of several local & regional players in this region, and the growing demand for processed food products in emerging & developing countries, including India, China, Indonesia, and Thailand. Furthermore, the growing demand for phycocyanin by the F&B and nutraceutical industries is driving the growth of the phycocyanin market in Asia-Pacific.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the phycocyanin market over the last four years. The key players operating in the global phycocyanin market are Earthrise Nutritionals, LLC (U.S.), Yunnan Green A Biological Project Co., Ltd (China), Zhejiang Binmei Biotechnology Co., Ltd (China), Fuqing King Dnarmsa Spirulina Co. Ltd. (China), Tianjin Norland Biotech Co., Ltd (China), Bluetec Naturals Co., Ltd (China), BlueBioTech Int. GmbH (Germany), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), Parry Nutraceuticals (India), Japan Algae Co., Ltd. (Japan), Qingdao ZolanBio Co., Ltd. (China), AlgoSource (France), D.D. Williamson & Co., Inc. (U.S.), Wellisen Nutraceuticals (India), Chr Hansen Holding A/S (Denmark), Sensient Technologies Corporation (U.S.), Naturex (France), GNT Group (Netherlands), Phyco-Biotech Laboratories (France), and Sigma-Aldrich Corporation (U.S.).

Scope of the report

Phycocyanin Market, by Form

  • Powder
  • Liquid

PhycocyaninMarket, by Grade

  • Food Grade
  • Cosmetic Grade
  • Reagent Grade
  • Analytical Grade

Phycocyanin Market, by Application

  • Food & Beverages
  • Pharmaceuticals and Nutraceutical
  • Cosmetic
  • Diagnostics and Biomedical

Phycocyanin Market,by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • U.K.
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Australia
    • Thailand
    • Rest of The Asia Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

What is the focus of the phycocyanin market?

The phycocyanin market covers the market size & forecasts of the various segments, including form, grade, application, and region. The phycocyanin market studied in this report involves the value analysis of various segments and subsegments of phycocyanin at the regional and country levels.

What is the value of revenue generated from the sale of phycocyanin across the globe? At what rate their demand expected to grow for the next 5-7 years?

The global phycocyanin market projected to reach USD 245.5 million by 2027, at a CAGR of 28.5% during the forecast period.

Which form is estimated to hold the major share of the market?

Based on form, the powder segment commanded the dominant share of the overall phycocyanin market in 2019. Moreover, the liquid segment is further expected to grow with the fastest CAGR during the forecast period.

Which application segment is projected to create more traction in the global phycocyanin market?

Based on application, the pharmaceutical and nutraceutical segment is projected to create more traction with the fastest CAGR during the forecast period owing to the growing aging population, rising consumer inclination towards the adoption of natural colors in the pharmaceutical and nutraceutical, and increasing popularity of the product for its several potential health benefits.

What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global phycocyanin market?

The increased adoption of phycocyanin in the manufacturing of therapeutic & nutritional products, growing reluctance towards synthetic colors, growing demand for natural blue colorants, and investments from leading color houses in phycocyanin space are the major drivers for this market. Moreover, increasing awareness of clean-label products is expected to create lucrative opportunities for players operating in this market.

Who are the major players operating in the global phycocyanin market?

The key players operating in the global phycocyanin market are Earthrise Nutritionals, LLC (U.S.), Yunnan Green A Biological Project Co., Ltd (China), Zhejiang Binmei Biotechnology Co., Ltd (China), Fuqing King Dnarmsa Spirulina Co. Ltd. (China), Tianjin Norland Biotech Co., Ltd (China), Bluetec Naturals Co., Ltd (China), BlueBioTech Int. GmbH (Germany), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), Parry Nutraceuticals (India), Japan Algae Co., Ltd. (Japan), Qingdao ZolanBio Co., Ltd. (China), AlgoSource (France), D.D. Williamson & Co., Inc. (U.S.), Wellisen Nutraceuticals (India), Chr Hansen Holding A/S (Denmark), Sensient Technologies Corporation (U.S.), Naturex (France), GNT Group (Netherlands), Phyco-Biotech Laboratories (France), and Sigma-Aldrich Corporation (U.S.).

Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

The emerging countries from Asia and Latin America are projected to offer significant growth opportunities for the vendors in this market due to the increasing trend across this region for processed food and the presence of major players.

1.    Introduction
        1.1.    Currency and Limitations
                   1.1.1.    Currency
                   1.1.2.    Limitations

2.    Research Methodology
        2.1.    Research Process
                   2.1.1.    Secondary Research
                   2.1.2.    Primary Research
                   2.1.3.    Market Size Estimation

3.    Executive Summary

4.    Market Insights
        4.1.    Introduction
        4.2.    Drivers
                   4.2.1.    Increased Adoption of Phycocyanin for Therapeutic & Nutritional Purpose
                   4.2.2.    Reluctance Towards Usage of Synthetic Colors
                                4.2.2.1.    Stringent Regulation on Synthetic Color Additives
                                4.2.2.2.    Health Hazards Occurred Due to Synthetic Colors
                   4.2.3.    Rising Demand for Natural Blue Colorants
                   4.2.4.    Investments from Leading Color Houses in Phycocyanin Space
        4.3.    Restraints
                   4.3.1.    High Cost of Natural Colors
                   4.3.2.    High Cost of Purification and Extraction
                   4.3.3.    Complex Production Process for Algae
                   4.3.4.    Risk of Contamination
        4.4.    Opportunities
                   4.4.1.    Phycocyanin: A Potential Pharmaceutical Drug
                   4.4.2.    Increasing Awareness for Clean-Label Products
        4.5.    Sources of Phycocyanin
        4.6.    Impact of COVID 19 on Phycocyanin Market
        4.7.    Production Volume of Global Phycocyanin Market

5.    Global Phycocyanin Market, by Form
        5.1.    Introduction
        5.2.    Powder
        5.3.    Liquid

6.    Global Phycocyanin Market, by Grade
        6.1.    Introduction
        6.2.    Food Grade
        6.3.    Cosmetic Grade
        6.4.    Analytical Grade
        6.5.    Reagent Grade

7.    Phycocyanin Market, by Application
        7.1.    Introduction
        7.2.    Food and Beverages
        7.3.    Pharmaceutical & Nutraceuticals
        7.4.    Cosmetics
        7.5.    Diagnostics and Biomedical

8.    Phycocyanin Market, by Geography
        8.1.    Introduction
        8.2.    North America
                   8.2.1.    U.S.
                   8.2.2.    Canada
        8.3.    Europe
                   8.3.1.    France
                   8.3.1.    Germany
                   8.3.2.    U.K.
                   8.3.3.    Italy
                   8.3.4.    Spain
                   8.3.5.    The Netherlands
                   8.3.6.    RoE
        8.4.    Asia-Pacific
                   8.4.1.    Japan
                   8.4.2.    China
                   8.4.3.    India
                   8.4.4.    Australia
                   8.4.5.    Thailand
                   8.4.6.    RoAPAC
        8.5.    Latin America
        8.6.    Middle East and Africa

9.    Competitive Landscape
        9.1.    Introduction

10.    Company Profiles
          10.1.    Earthrise Nutritionals, LLC
                       10.1.1.    Business Overview
                       10.1.2.    Financial Overview
                       10.1.3.    Product Portfolio
                       10.1.4.    Strategic Developments
          10.2.    Yunnan Green A Biological Project Co., Ltd
                       10.2.1.    Business Overview
                       10.2.2.    Financial Overview
                       10.2.3.    Product Portfolio
                       10.2.4.    Strategic Developments
          10.3.    Zhejiang Binmei Biotechnology Co., Ltd.
                       10.3.1.    Business Overview
                       10.3.2.    Financial Overview
                       10.3.3.    Product Portfolio
                       10.3.4.    Strategic Developments
          10.4.    Fuqing King Dnarmsa Spirulina Co., Ltd.
                       10.4.1.    Business Overview
                       10.4.2.    Financial Overview
                       10.4.3.    Product Portfolio
                       10.4.4.    Strategic Developments
          10.5.    Tianjin Norland Biotech Co., Ltd
                       10.5.1.    Business Overview
                       10.5.2.    Financial Overview
                       10.5.3.    Product Portfolio
                       10.5.4.    Strategic Developments
          10.6.    Bluetec Naturals Co., Ltd
                       10.6.1.    Business Overview
                       10.6.2.    Financial Overview
                       10.6.3.    Product Portfolio
                       10.6.4.    Strategic Developments
          10.7.    Bluebiotech INT. Gmbh
                       10.7.1.    Business Overview
                       10.7.2.    Financial Overview
                       10.7.3.    Product Portfolio
                       10.7.4.    Strategic Developments
          10.8.    Dongtai City Spirulina Bio-Engineering Co., Ltd.
                       10.8.1.    Business Overview
                       10.8.2.    Financial Overview
                       10.8.3.    Product Portfolio
                       10.8.4.    Strategic Developments
          10.9.    Parry Nutraceuticals
                       10.9.1.    Business Overview
                       10.9.2.    Financial Overview
                       10.9.3.    Product Portfolio
                       10.9.4.    Strategic Developments
          10.10.    Japan Algae Co., Ltd.
                       10.10.1.    Business Overview
                       10.10.2.    Financial Overview
                       10.10.3.    Product Portfolio
                       10.10.4.    Strategic Developments
          10.11.    Qingdao Zaolanbio Co. Ltd.
                       10.11.1.    Business Overview
                       10.11.2.    Financial Overview
                       10.11.3.    Product Portfolio
                       10.11.4.    Strategic Developments
          10.12.    Algosource
                       10.12.1.    Business Overview
                       10.12.2.    Financial Overview
                       10.12.3.    Product Portfolio
                       10.12.4.    Strategic Developments
          10.13.    D.D. Williamson & Co., Inc.
                       10.13.1.    Business Overview
                       10.13.2.    Financial Overview
                       10.13.3.    Product Portfolio
                       10.13.4.    Strategic Developments
          10.14.    Wellisen Nutraceuticals
                       10.14.1.    Business Overview
                       10.14.2.    Financials
                       10.14.3.    Product Portfolio
                       10.14.4.    Strategic Developments
          10.15.    Chr. Hansen Holding A/S
                       10.15.1.    Business Overview
                       10.15.2.    Financial Overview
                       10.15.3.    Product Portfolio
                       10.15.4.    Strategic Developments
          10.16.    Sensient Technologies Corporation
                       10.16.1.    Business Overview
                       10.16.2.    Financial Overview
                       10.16.3.    Product Portfolio
                       10.16.4.    Strategic Developments
          10.17.    Naturex S.A. (Part of Givaudan)
                       10.17.1.    Business Overview
                       10.17.2.    Financial Overview
                       10.17.3.    Product Portfolio
                       10.17.4.    Strategic Developments
                                         10.17.4.1.    Expansions
          10.18.    GNT Group B.V.
                       10.18.1.    Business Overview
                       10.18.2.    Financial Overview
                       10.18.3.    Product Portfolio
                       10.18.4.    Strategic Developments
                                        10.18.4.1.    New Product Launches
          10.19.    Phyco-Biotech Laboratories
                       10.19.1.    Business Overview
                       10.19.2.    Financial Overview
                       10.19.3.    Product Portfolio
                       10.19.4.    Strategic Developments
          10.20.    Sigma-Aldrich Corporation
                         10.20.1.    Business Overview
                         10.20.2.    Financial Overview
                         10.20.3.    Product Portfolio
                         10.20.4.    Strategic Developments

11.    Appendix
          11.1.    Questionnaire
          11.2.    Available Customization

List of Tables :- 

Table 1    Global Phycocyanin Market: Impact Analysis of Market Drivers (2020–2027)
Table 2    A Various Mechanisms of Antitumor Activity of Phycocyanin Isolated from Spirulina Platensis
Table 3    Global Phycocyanin market: Impact Analysis of Market Restraints (2020–2027)
Table 4    Global Phycocyanin Production Volume, by Region, 2018-2027 (Tons)
Table 5    Global Phycocyanin Market Size, by form, 2018-2027 ($Million)
Table 6    Global Powder Form Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 7    Global Liquid Form Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 8    Global Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 9    Global Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 10    Global Food Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 11    Global Food Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 12    Global Cosmetic Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 13    Global Cosmetic Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 14    Global Analytical Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 15    Global Analytical Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 16    Global Reagent Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 17    Global Reagent Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 18    Global Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 19    Global Phycocyanin Market Size for Food and Beverages, by Country/Region, 2018-2027 ($Million)
Table 20    Global Phycocyanin Market Size for Pharmaceutical & Nutraceuticals, by Country/Region, 2018-2027 ($Million)
Table 21    Global Phycocyanin Market Size for Cosmetics, by Country/Region, 2018-2027 ($Million)
Table 22    Global Phycocyanin Market Size for Diagnostics and Biomedical, by Country/Region, 2018-2027 ($Million)
Table 23    Global Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 24    Global Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 25    North America: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 26    North America: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 27    North America: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 28    North America: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 29    North America: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 30    U.S.: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 31    U.S.: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 32    U.S.: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 33    Canada: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 34    Canada: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 35    Canada: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 36    Europe: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 37    Europe: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 38    Europe: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 39    Europe: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 40    Europe: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 41    France: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 42    France: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 43    France: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 44    Germany: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 45    Germany: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 46    Germany: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 47    U.K.: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 48    U.K.: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 49    U.K.: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 50    Italy: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 51    Italy: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 52    Italy: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 53    Spain: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 54    Spain: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 55    Spain: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 56    Netherlands: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 57    Netherlands: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 58    Netherlands: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 59    Rest of Europe: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 60    Rest of Europe: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 61    Rest of Europe: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 62    Asia-Pacific: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 63    Asia-Pacific: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 64    Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 65    Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 66    Asia-Pacific: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 67    Japan: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 68    Japan: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 69    Japan: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 70    Leading Producers of Phycocyanin in China
Table 71    China: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 72    China: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 73    China: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 74    India: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 75    India: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 76    India: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 77    Australia: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 78    Australia: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 79    Australia: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 80    Thailand: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 81    Thailand: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 82    Thailand: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 83    Rest of Asia-Pacific: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 84    Rest of Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 85    Rest of Asia-Pacific: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 86    Latin America: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 87    Latin America: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 88    Latin America: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 89    Latin America: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 90    Middle East and Africa: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 91    Middle East and Africa: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 92    Middle East and Africa: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 93    Middle East and Africa: Phycocyanin Market Size, by Application, 2018-2027 ($Million)

List of Figure :-

Figure 1    Market Ecosystem
Figure 2    Key Stakeholders
Figure 3    Research Process
Figure 4    Key Executives interviewed
Figure 5    Primary Research Techniques
Figure 6    Market Size Estimation
Figure 7    Meticulous Research Estimates: Powder Form Vs. Liquid Form
Figure 8    Meticulous Research Estimates: Food Grade Vs. Cosmetic Grade
Figure 9    Meticulous Research Estimates: Food and Beverages Vs. Pharmaceutical and Nutraceutical
Figure 10    Global Phycocyanin Market Share (2019) and CAGR (2020-2027), by Geography
Figure 11    Market Dynamics
Figure 12    Global Phycocyanin Production Volume, by Region, 2020-2027 (Tons)
Figure 13    Global Phycocyanin Market Size, by Form, 2020-2027 ($Million)
Figure 14    Global Phycocyanin Market Size, by Grade, 2020-2027 ($Million)
Figure 15    Global Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Figure 16    Global Phycocyanin Market Size, by Application, 2020-2027 ($Million)
Figure 17    Global Phycocyanin Market Size, by Geography, 2020-2027 ($Million)
Figure 18    Global Phycocyanin Market Size, by Geography, 2020-2027 (Tons)
Figure 19    Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 20    DIC Corporation: Financial Overview, 2019
Figure 21    E.I.D. Parry (India) Limited: Financial Overview, 2018
Figure 22    Chr. Hansen Holding A/S: Financial Overview, 2019
Figure 23    Sensient Technologies Corporation: Financial Overview, 2019
Figure 24    Givaudan SA: Financial Overview, 2019
Figure 25    Merck KGaA: Financial Overview, 2019

 
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Related Research

The Phycocyanin Market is expected to reach $245.5 million by 2027, at a CAGR of 28.5% during the forecast period of 2020 to 2027.

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 growth of this market is mainly attributed to key factors such as increased adoption of phycocyanin in the manufacturing of therapeutic & nutritional products, growing reluctance towards the usage of synthetic colors, rising demand for natural blue colorants, and investments from leading color houses in the phycocyanin space. However, the high cost of natural colors and purification and extraction, the complex production procedure of spirulina, and the risk of algae contamination are factors that are expected to hinder the growth of the global phycocyanin market to some extent.

Phycocynin Market

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Impact of Covid-19 on the Phycocyanin Market

The border closures, quarantines, and market supply chain and trade disruptions could restrict people’s access to sufficient/diverse and nutritious sources of food, especially in countries hit hard by the virus or already affected by high levels of food insecurity. The worldwide supply chain includes distribution, packaging, as well as sourcing of raw materials. Lockdowns have disrupted the transportation of packaged foods, prepared foods, and non-alcoholic and alcoholic beverages. In addition, the shutdowns of restaurants and quick-service facilities due to lockdowns have hindered the growth of the food & beverage industry to a large extent. Nutritious and diverse food sources are in short supply in the wake of the global health crisis. Also, greater food insecurity is prevalent in regions hit hard by COVID-19, such as Spain, Italy, and the U.S. Thus, the negative impact on the global economy, supply chains, and trade are indirectly hampering the growth of the phycocyanin market to some extent.

Food & beverage companies across the world continue to feel the impact of COVID-19. Social distancing, self-isolation, and city-wide lockdowns have forced many establishments to close in countries across Asia, the U.S., Europe, and the rest of the world. In the U.K., the U.S., and Australia, supermarket chains have started to enforce new rules to curb panic buying, while suppliers and factory workers have put additional health and safety measures in place to keep consumers safe. Moreover, the manufacturers of consumer food & beverage products are facing significantly reduced consumption as well as disrupted supply chains. The food & beverage industry has witnessed a slight downfall due to the lockdowns imposed across various countries. This scenario has also impacted the confectionery industry negatively since people are opting to buy only essential products.

In addition, government bodies have passed various rules and regulations for the purchase of essential goods. The majority of the consumers are buying essential products, which has caused a rapid decline in the consumption of confectionery items. According to trade organizations in the nutritional products industry, there has been a significant impact on many points in the global supply chain for functional foods and dietary supplements. This has, in turn, lowered the sales and consumption of phycocyanin by its end users, impacting the phycocyanin market.

Increasing number of health hazards to fuel the growth of the phycocyanin market.

Synthetic colors have high practical value as they are used in various industries. These colors are manufactured chemically and are the most commonly used dyes in the food and beverage, pharmaceutical, and cosmetic industries. However, it is observed that synthetic colorants can cause various health problems, such as allergic disorders, skin irritations, and digestion problems among consumers. For instance:

  • Synthetic orange-red color induces allergy-like reactions &hyperactivity in children.
  • Higher consumption of tartrazine is linked to cancer and is known to provoke asthma attacks and skin reactions.

Health problems, along with growing awareness among consumers regarding environmental health, is leading to the growing demand for natural colors to be used in food, beverages, pharmaceutical and cosmetic products.

Furthermore, the demand for chemical-free food products is growing drastically across the globe, due to which various government authorities are taking initiatives to discard or discontinuing marketing licenses of products containing synthetic colors. For instance:

  • In 2017, Japan and all European countries banned the trading of products containing synthetic food color.
  • In 2009, the UK Food Standard Agency phased out tartrazine, a synthetic food color.
  • Amaranth was banned in the U.S. since 1974, as it causes a rash similar to nettle rash, particularly among those with aspirin intolerance or asthmatics.
  • Allura red AC, synthetic food color, banned in Denmark, Belgium, France, and Switzerland.
  • Erythrosine food color is banned in Norway and the U.S., as it is linked with thyroid activities.
  • Carmoisine was banned in Sweden, the U.S., Japan, and Norway. It is also phased out of the U.K., as it is linked with allergic and intolerance reactions.

This trend is expected a shift towards the use of natural colors over synthetic colors and will further boost the growth of the phycocyanin as natural colorants in the future.

Key Findings in the Phycocyanin Market Study:

In 2020, the powder segment to dominate the global phycocyanin market.

Based on form, the powder segment is estimated to command the dominant share of the overall phycocyanin market in 2020. Powder breaks down quickly and bids high comfort of digestion in comparison to other forms. Also, powder allows active nutrient delivery and offers high flexibility with dosing, further driving the growth of this segment.

The food grade segment to dominate the global phycocyanin market in 2020.

Based on grade, the food grade segment is estimated to command the largest share of the overall phycocyanin market in 2020. The large share of this segment is mainly attributed to the rising demand of phycocyanin as the alternative for synthetic color, growing consumer preference towards clean label products, and stringent regulations against synthetic colors.

Food and beverage to dominate the global phycocyanin market in 2020.

Based on application, the food and beverage segment is estimated to command the largest share of the overall phycocyanin market in 2020. The large share of this segment is mainly attributed to growing consumer preference towards ready-to-drink beverages, growing awareness about health issues associated with the use of synthetic colorants in soft drinks, and the trend of replacing artificial colorants with natural ones. In addition, the growing demand for protein-enhanced drinks is boosting the demand for phycocyanin.

Asia-Pacific: The fastest growing region

Asia-Pacific is expected to grow with the fastest CAGR during the forecast period. The fast growth of this region is primarily attributed to factors such as the changing lifestyle of people, the presence of several local & regional players in this region, and the growing demand for processed food products in emerging & developing countries, including India, China, Indonesia, and Thailand. Furthermore, the growing demand for phycocyanin by the F&B and nutraceutical industries is driving the growth of the phycocyanin market in Asia-Pacific.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the phycocyanin market over the last four years. The key players operating in the global phycocyanin market are Earthrise Nutritionals, LLC (U.S.), Yunnan Green A Biological Project Co., Ltd (China), Zhejiang Binmei Biotechnology Co., Ltd (China), Fuqing King Dnarmsa Spirulina Co. Ltd. (China), Tianjin Norland Biotech Co., Ltd (China), Bluetec Naturals Co., Ltd (China), BlueBioTech Int. GmbH (Germany), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), Parry Nutraceuticals (India), Japan Algae Co., Ltd. (Japan), Qingdao ZolanBio Co., Ltd. (China), AlgoSource (France), D.D. Williamson & Co., Inc. (U.S.), Wellisen Nutraceuticals (India), Chr Hansen Holding A/S (Denmark), Sensient Technologies Corporation (U.S.), Naturex (France), GNT Group (Netherlands), Phyco-Biotech Laboratories (France), and Sigma-Aldrich Corporation (U.S.).

Scope of the report

Phycocyanin Market, by Form

  • Powder
  • Liquid

PhycocyaninMarket, by Grade

  • Food Grade
  • Cosmetic Grade
  • Reagent Grade
  • Analytical Grade

Phycocyanin Market, by Application

  • Food & Beverages
  • Pharmaceuticals and Nutraceutical
  • Cosmetic
  • Diagnostics and Biomedical

Phycocyanin Market,by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • U.K.
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Australia
    • Thailand
    • Rest of The Asia Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

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1.    Introduction
        1.1.    Currency and Limitations
                   1.1.1.    Currency
                   1.1.2.    Limitations

2.    Research Methodology
        2.1.    Research Process
                   2.1.1.    Secondary Research
                   2.1.2.    Primary Research
                   2.1.3.    Market Size Estimation

3.    Executive Summary

4.    Market Insights
        4.1.    Introduction
        4.2.    Drivers
                   4.2.1.    Increased Adoption of Phycocyanin for Therapeutic & Nutritional Purpose
                   4.2.2.    Reluctance Towards Usage of Synthetic Colors
                                4.2.2.1.    Stringent Regulation on Synthetic Color Additives
                                4.2.2.2.    Health Hazards Occurred Due to Synthetic Colors
                   4.2.3.    Rising Demand for Natural Blue Colorants
                   4.2.4.    Investments from Leading Color Houses in Phycocyanin Space
        4.3.    Restraints
                   4.3.1.    High Cost of Natural Colors
                   4.3.2.    High Cost of Purification and Extraction
                   4.3.3.    Complex Production Process for Algae
                   4.3.4.    Risk of Contamination
        4.4.    Opportunities
                   4.4.1.    Phycocyanin: A Potential Pharmaceutical Drug
                   4.4.2.    Increasing Awareness for Clean-Label Products
        4.5.    Sources of Phycocyanin
        4.6.    Impact of COVID 19 on Phycocyanin Market
        4.7.    Production Volume of Global Phycocyanin Market

5.    Global Phycocyanin Market, by Form
        5.1.    Introduction
        5.2.    Powder
        5.3.    Liquid

6.    Global Phycocyanin Market, by Grade
        6.1.    Introduction
        6.2.    Food Grade
        6.3.    Cosmetic Grade
        6.4.    Analytical Grade
        6.5.    Reagent Grade

7.    Phycocyanin Market, by Application
        7.1.    Introduction
        7.2.    Food and Beverages
        7.3.    Pharmaceutical & Nutraceuticals
        7.4.    Cosmetics
        7.5.    Diagnostics and Biomedical

8.    Phycocyanin Market, by Geography
        8.1.    Introduction
        8.2.    North America
                   8.2.1.    U.S.
                   8.2.2.    Canada
        8.3.    Europe
                   8.3.1.    France
                   8.3.1.    Germany
                   8.3.2.    U.K.
                   8.3.3.    Italy
                   8.3.4.    Spain
                   8.3.5.    The Netherlands
                   8.3.6.    RoE
        8.4.    Asia-Pacific
                   8.4.1.    Japan
                   8.4.2.    China
                   8.4.3.    India
                   8.4.4.    Australia
                   8.4.5.    Thailand
                   8.4.6.    RoAPAC
        8.5.    Latin America
        8.6.    Middle East and Africa

9.    Competitive Landscape
        9.1.    Introduction

10.    Company Profiles
          10.1.    Earthrise Nutritionals, LLC
                       10.1.1.    Business Overview
                       10.1.2.    Financial Overview
                       10.1.3.    Product Portfolio
                       10.1.4.    Strategic Developments
          10.2.    Yunnan Green A Biological Project Co., Ltd
                       10.2.1.    Business Overview
                       10.2.2.    Financial Overview
                       10.2.3.    Product Portfolio
                       10.2.4.    Strategic Developments
          10.3.    Zhejiang Binmei Biotechnology Co., Ltd.
                       10.3.1.    Business Overview
                       10.3.2.    Financial Overview
                       10.3.3.    Product Portfolio
                       10.3.4.    Strategic Developments
          10.4.    Fuqing King Dnarmsa Spirulina Co., Ltd.
                       10.4.1.    Business Overview
                       10.4.2.    Financial Overview
                       10.4.3.    Product Portfolio
                       10.4.4.    Strategic Developments
          10.5.    Tianjin Norland Biotech Co., Ltd
                       10.5.1.    Business Overview
                       10.5.2.    Financial Overview
                       10.5.3.    Product Portfolio
                       10.5.4.    Strategic Developments
          10.6.    Bluetec Naturals Co., Ltd
                       10.6.1.    Business Overview
                       10.6.2.    Financial Overview
                       10.6.3.    Product Portfolio
                       10.6.4.    Strategic Developments
          10.7.    Bluebiotech INT. Gmbh
                       10.7.1.    Business Overview
                       10.7.2.    Financial Overview
                       10.7.3.    Product Portfolio
                       10.7.4.    Strategic Developments
          10.8.    Dongtai City Spirulina Bio-Engineering Co., Ltd.
                       10.8.1.    Business Overview
                       10.8.2.    Financial Overview
                       10.8.3.    Product Portfolio
                       10.8.4.    Strategic Developments
          10.9.    Parry Nutraceuticals
                       10.9.1.    Business Overview
                       10.9.2.    Financial Overview
                       10.9.3.    Product Portfolio
                       10.9.4.    Strategic Developments
          10.10.    Japan Algae Co., Ltd.
                       10.10.1.    Business Overview
                       10.10.2.    Financial Overview
                       10.10.3.    Product Portfolio
                       10.10.4.    Strategic Developments
          10.11.    Qingdao Zaolanbio Co. Ltd.
                       10.11.1.    Business Overview
                       10.11.2.    Financial Overview
                       10.11.3.    Product Portfolio
                       10.11.4.    Strategic Developments
          10.12.    Algosource
                       10.12.1.    Business Overview
                       10.12.2.    Financial Overview
                       10.12.3.    Product Portfolio
                       10.12.4.    Strategic Developments
          10.13.    D.D. Williamson & Co., Inc.
                       10.13.1.    Business Overview
                       10.13.2.    Financial Overview
                       10.13.3.    Product Portfolio
                       10.13.4.    Strategic Developments
          10.14.    Wellisen Nutraceuticals
                       10.14.1.    Business Overview
                       10.14.2.    Financials
                       10.14.3.    Product Portfolio
                       10.14.4.    Strategic Developments
          10.15.    Chr. Hansen Holding A/S
                       10.15.1.    Business Overview
                       10.15.2.    Financial Overview
                       10.15.3.    Product Portfolio
                       10.15.4.    Strategic Developments
          10.16.    Sensient Technologies Corporation
                       10.16.1.    Business Overview
                       10.16.2.    Financial Overview
                       10.16.3.    Product Portfolio
                       10.16.4.    Strategic Developments
          10.17.    Naturex S.A. (Part of Givaudan)
                       10.17.1.    Business Overview
                       10.17.2.    Financial Overview
                       10.17.3.    Product Portfolio
                       10.17.4.    Strategic Developments
                                         10.17.4.1.    Expansions
          10.18.    GNT Group B.V.
                       10.18.1.    Business Overview
                       10.18.2.    Financial Overview
                       10.18.3.    Product Portfolio
                       10.18.4.    Strategic Developments
                                        10.18.4.1.    New Product Launches
          10.19.    Phyco-Biotech Laboratories
                       10.19.1.    Business Overview
                       10.19.2.    Financial Overview
                       10.19.3.    Product Portfolio
                       10.19.4.    Strategic Developments
          10.20.    Sigma-Aldrich Corporation
                         10.20.1.    Business Overview
                         10.20.2.    Financial Overview
                         10.20.3.    Product Portfolio
                         10.20.4.    Strategic Developments

11.    Appendix
          11.1.    Questionnaire
          11.2.    Available Customization

List of Tables :- 

Table 1    Global Phycocyanin Market: Impact Analysis of Market Drivers (2020–2027)
Table 2    A Various Mechanisms of Antitumor Activity of Phycocyanin Isolated from Spirulina Platensis
Table 3    Global Phycocyanin market: Impact Analysis of Market Restraints (2020–2027)
Table 4    Global Phycocyanin Production Volume, by Region, 2018-2027 (Tons)
Table 5    Global Phycocyanin Market Size, by form, 2018-2027 ($Million)
Table 6    Global Powder Form Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 7    Global Liquid Form Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 8    Global Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 9    Global Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 10    Global Food Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 11    Global Food Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 12    Global Cosmetic Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 13    Global Cosmetic Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 14    Global Analytical Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 15    Global Analytical Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 16    Global Reagent Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 17    Global Reagent Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 18    Global Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 19    Global Phycocyanin Market Size for Food and Beverages, by Country/Region, 2018-2027 ($Million)
Table 20    Global Phycocyanin Market Size for Pharmaceutical & Nutraceuticals, by Country/Region, 2018-2027 ($Million)
Table 21    Global Phycocyanin Market Size for Cosmetics, by Country/Region, 2018-2027 ($Million)
Table 22    Global Phycocyanin Market Size for Diagnostics and Biomedical, by Country/Region, 2018-2027 ($Million)
Table 23    Global Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 24    Global Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 25    North America: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 26    North America: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 27    North America: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 28    North America: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 29    North America: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 30    U.S.: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 31    U.S.: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 32    U.S.: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 33    Canada: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 34    Canada: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 35    Canada: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 36    Europe: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 37    Europe: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 38    Europe: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 39    Europe: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 40    Europe: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 41    France: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 42    France: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 43    France: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 44    Germany: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 45    Germany: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 46    Germany: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 47    U.K.: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 48    U.K.: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 49    U.K.: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 50    Italy: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 51    Italy: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 52    Italy: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 53    Spain: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 54    Spain: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 55    Spain: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 56    Netherlands: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 57    Netherlands: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 58    Netherlands: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 59    Rest of Europe: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 60    Rest of Europe: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 61    Rest of Europe: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 62    Asia-Pacific: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 63    Asia-Pacific: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 64    Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 65    Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 66    Asia-Pacific: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 67    Japan: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 68    Japan: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 69    Japan: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 70    Leading Producers of Phycocyanin in China
Table 71    China: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 72    China: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 73    China: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 74    India: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 75    India: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 76    India: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 77    Australia: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 78    Australia: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 79    Australia: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 80    Thailand: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 81    Thailand: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 82    Thailand: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 83    Rest of Asia-Pacific: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 84    Rest of Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 85    Rest of Asia-Pacific: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 86    Latin America: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 87    Latin America: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 88    Latin America: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 89    Latin America: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 90    Middle East and Africa: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 91    Middle East and Africa: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 92    Middle East and Africa: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 93    Middle East and Africa: Phycocyanin Market Size, by Application, 2018-2027 ($Million)

List of Figure :-

Figure 1    Market Ecosystem
Figure 2    Key Stakeholders
Figure 3    Research Process
Figure 4    Key Executives interviewed
Figure 5    Primary Research Techniques
Figure 6    Market Size Estimation
Figure 7    Meticulous Research Estimates: Powder Form Vs. Liquid Form
Figure 8    Meticulous Research Estimates: Food Grade Vs. Cosmetic Grade
Figure 9    Meticulous Research Estimates: Food and Beverages Vs. Pharmaceutical and Nutraceutical
Figure 10    Global Phycocyanin Market Share (2019) and CAGR (2020-2027), by Geography
Figure 11    Market Dynamics
Figure 12    Global Phycocyanin Production Volume, by Region, 2020-2027 (Tons)
Figure 13    Global Phycocyanin Market Size, by Form, 2020-2027 ($Million)
Figure 14    Global Phycocyanin Market Size, by Grade, 2020-2027 ($Million)
Figure 15    Global Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Figure 16    Global Phycocyanin Market Size, by Application, 2020-2027 ($Million)
Figure 17    Global Phycocyanin Market Size, by Geography, 2020-2027 ($Million)
Figure 18    Global Phycocyanin Market Size, by Geography, 2020-2027 (Tons)
Figure 19    Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 20    DIC Corporation: Financial Overview, 2019
Figure 21    E.I.D. Parry (India) Limited: Financial Overview, 2018
Figure 22    Chr. Hansen Holding A/S: Financial Overview, 2019
Figure 23    Sensient Technologies Corporation: Financial Overview, 2019
Figure 24    Givaudan SA: Financial Overview, 2019
Figure 25    Merck KGaA: Financial Overview, 2019

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1.    Introduction
        1.1.    Currency and Limitations
                   1.1.1.    Currency
                   1.1.2.    Limitations

2.    Research Methodology
        2.1.    Research Process
                   2.1.1.    Secondary Research
                   2.1.2.    Primary Research
                   2.1.3.    Market Size Estimation

3.    Executive Summary

4.    Market Insights
        4.1.    Introduction
        4.2.    Drivers
                   4.2.1.    Increased Adoption of Phycocyanin for Therapeutic & Nutritional Purpose
                   4.2.2.    Reluctance Towards Usage of Synthetic Colors
                                4.2.2.1.    Stringent Regulation on Synthetic Color Additives
                                4.2.2.2.    Health Hazards Occurred Due to Synthetic Colors
                   4.2.3.    Rising Demand for Natural Blue Colorants
                   4.2.4.    Investments from Leading Color Houses in Phycocyanin Space
        4.3.    Restraints
                   4.3.1.    High Cost of Natural Colors
                   4.3.2.    High Cost of Purification and Extraction
                   4.3.3.    Complex Production Process for Algae
                   4.3.4.    Risk of Contamination
        4.4.    Opportunities
                   4.4.1.    Phycocyanin: A Potential Pharmaceutical Drug
                   4.4.2.    Increasing Awareness for Clean-Label Products
        4.5.    Sources of Phycocyanin
        4.6.    Impact of COVID 19 on Phycocyanin Market
        4.7.    Production Volume of Global Phycocyanin Market

5.    Global Phycocyanin Market, by Form
        5.1.    Introduction
        5.2.    Powder
        5.3.    Liquid

6.    Global Phycocyanin Market, by Grade
        6.1.    Introduction
        6.2.    Food Grade
        6.3.    Cosmetic Grade
        6.4.    Analytical Grade
        6.5.    Reagent Grade

7.    Phycocyanin Market, by Application
        7.1.    Introduction
        7.2.    Food and Beverages
        7.3.    Pharmaceutical & Nutraceuticals
        7.4.    Cosmetics
        7.5.    Diagnostics and Biomedical

8.    Phycocyanin Market, by Geography
        8.1.    Introduction
        8.2.    North America
                   8.2.1.    U.S.
                   8.2.2.    Canada
        8.3.    Europe
                   8.3.1.    France
                   8.3.1.    Germany
                   8.3.2.    U.K.
                   8.3.3.    Italy
                   8.3.4.    Spain
                   8.3.5.    The Netherlands
                   8.3.6.    RoE
        8.4.    Asia-Pacific
                   8.4.1.    Japan
                   8.4.2.    China
                   8.4.3.    India
                   8.4.4.    Australia
                   8.4.5.    Thailand
                   8.4.6.    RoAPAC
        8.5.    Latin America
        8.6.    Middle East and Africa

9.    Competitive Landscape
        9.1.    Introduction

10.    Company Profiles
          10.1.    Earthrise Nutritionals, LLC
                       10.1.1.    Business Overview
                       10.1.2.    Financial Overview
                       10.1.3.    Product Portfolio
                       10.1.4.    Strategic Developments
          10.2.    Yunnan Green A Biological Project Co., Ltd
                       10.2.1.    Business Overview
                       10.2.2.    Financial Overview
                       10.2.3.    Product Portfolio
                       10.2.4.    Strategic Developments
          10.3.    Zhejiang Binmei Biotechnology Co., Ltd.
                       10.3.1.    Business Overview
                       10.3.2.    Financial Overview
                       10.3.3.    Product Portfolio
                       10.3.4.    Strategic Developments
          10.4.    Fuqing King Dnarmsa Spirulina Co., Ltd.
                       10.4.1.    Business Overview
                       10.4.2.    Financial Overview
                       10.4.3.    Product Portfolio
                       10.4.4.    Strategic Developments
          10.5.    Tianjin Norland Biotech Co., Ltd
                       10.5.1.    Business Overview
                       10.5.2.    Financial Overview
                       10.5.3.    Product Portfolio
                       10.5.4.    Strategic Developments
          10.6.    Bluetec Naturals Co., Ltd
                       10.6.1.    Business Overview
                       10.6.2.    Financial Overview
                       10.6.3.    Product Portfolio
                       10.6.4.    Strategic Developments
          10.7.    Bluebiotech INT. Gmbh
                       10.7.1.    Business Overview
                       10.7.2.    Financial Overview
                       10.7.3.    Product Portfolio
                       10.7.4.    Strategic Developments
          10.8.    Dongtai City Spirulina Bio-Engineering Co., Ltd.
                       10.8.1.    Business Overview
                       10.8.2.    Financial Overview
                       10.8.3.    Product Portfolio
                       10.8.4.    Strategic Developments
          10.9.    Parry Nutraceuticals
                       10.9.1.    Business Overview
                       10.9.2.    Financial Overview
                       10.9.3.    Product Portfolio
                       10.9.4.    Strategic Developments
          10.10.    Japan Algae Co., Ltd.
                       10.10.1.    Business Overview
                       10.10.2.    Financial Overview
                       10.10.3.    Product Portfolio
                       10.10.4.    Strategic Developments
          10.11.    Qingdao Zaolanbio Co. Ltd.
                       10.11.1.    Business Overview
                       10.11.2.    Financial Overview
                       10.11.3.    Product Portfolio
                       10.11.4.    Strategic Developments
          10.12.    Algosource
                       10.12.1.    Business Overview
                       10.12.2.    Financial Overview
                       10.12.3.    Product Portfolio
                       10.12.4.    Strategic Developments
          10.13.    D.D. Williamson & Co., Inc.
                       10.13.1.    Business Overview
                       10.13.2.    Financial Overview
                       10.13.3.    Product Portfolio
                       10.13.4.    Strategic Developments
          10.14.    Wellisen Nutraceuticals
                       10.14.1.    Business Overview
                       10.14.2.    Financials
                       10.14.3.    Product Portfolio
                       10.14.4.    Strategic Developments
          10.15.    Chr. Hansen Holding A/S
                       10.15.1.    Business Overview
                       10.15.2.    Financial Overview
                       10.15.3.    Product Portfolio
                       10.15.4.    Strategic Developments
          10.16.    Sensient Technologies Corporation
                       10.16.1.    Business Overview
                       10.16.2.    Financial Overview
                       10.16.3.    Product Portfolio
                       10.16.4.    Strategic Developments
          10.17.    Naturex S.A. (Part of Givaudan)
                       10.17.1.    Business Overview
                       10.17.2.    Financial Overview
                       10.17.3.    Product Portfolio
                       10.17.4.    Strategic Developments
                                         10.17.4.1.    Expansions
          10.18.    GNT Group B.V.
                       10.18.1.    Business Overview
                       10.18.2.    Financial Overview
                       10.18.3.    Product Portfolio
                       10.18.4.    Strategic Developments
                                        10.18.4.1.    New Product Launches
          10.19.    Phyco-Biotech Laboratories
                       10.19.1.    Business Overview
                       10.19.2.    Financial Overview
                       10.19.3.    Product Portfolio
                       10.19.4.    Strategic Developments
          10.20.    Sigma-Aldrich Corporation
                         10.20.1.    Business Overview
                         10.20.2.    Financial Overview
                         10.20.3.    Product Portfolio
                         10.20.4.    Strategic Developments

11.    Appendix
          11.1.    Questionnaire
          11.2.    Available Customization

List of Tables :- 

Table 1    Global Phycocyanin Market: Impact Analysis of Market Drivers (2020–2027)
Table 2    A Various Mechanisms of Antitumor Activity of Phycocyanin Isolated from Spirulina Platensis
Table 3    Global Phycocyanin market: Impact Analysis of Market Restraints (2020–2027)
Table 4    Global Phycocyanin Production Volume, by Region, 2018-2027 (Tons)
Table 5    Global Phycocyanin Market Size, by form, 2018-2027 ($Million)
Table 6    Global Powder Form Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 7    Global Liquid Form Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 8    Global Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 9    Global Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 10    Global Food Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 11    Global Food Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 12    Global Cosmetic Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 13    Global Cosmetic Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 14    Global Analytical Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 15    Global Analytical Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 16    Global Reagent Garde Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 17    Global Reagent Garde Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 18    Global Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 19    Global Phycocyanin Market Size for Food and Beverages, by Country/Region, 2018-2027 ($Million)
Table 20    Global Phycocyanin Market Size for Pharmaceutical & Nutraceuticals, by Country/Region, 2018-2027 ($Million)
Table 21    Global Phycocyanin Market Size for Cosmetics, by Country/Region, 2018-2027 ($Million)
Table 22    Global Phycocyanin Market Size for Diagnostics and Biomedical, by Country/Region, 2018-2027 ($Million)
Table 23    Global Phycocyanin Market Size, by Country/Region, 2018-2027 ($Million)
Table 24    Global Phycocyanin Market Size, by Region, 2018-2027 (Tons)
Table 25    North America: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 26    North America: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 27    North America: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 28    North America: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 29    North America: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 30    U.S.: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 31    U.S.: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 32    U.S.: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 33    Canada: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 34    Canada: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 35    Canada: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 36    Europe: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 37    Europe: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 38    Europe: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 39    Europe: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 40    Europe: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 41    France: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 42    France: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 43    France: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 44    Germany: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 45    Germany: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 46    Germany: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 47    U.K.: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 48    U.K.: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 49    U.K.: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 50    Italy: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 51    Italy: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 52    Italy: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 53    Spain: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 54    Spain: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 55    Spain: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 56    Netherlands: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 57    Netherlands: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 58    Netherlands: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 59    Rest of Europe: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 60    Rest of Europe: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 61    Rest of Europe: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 62    Asia-Pacific: Phycocyanin Market Size, by Country, 2018-2027 ($Million)
Table 63    Asia-Pacific: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 64    Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 65    Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 66    Asia-Pacific: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 67    Japan: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 68    Japan: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 69    Japan: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 70    Leading Producers of Phycocyanin in China
Table 71    China: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 72    China: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 73    China: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 74    India: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 75    India: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 76    India: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 77    Australia: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 78    Australia: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 79    Australia: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 80    Thailand: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 81    Thailand: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 82    Thailand: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 83    Rest of Asia-Pacific: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 84    Rest of Asia-Pacific: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 85    Rest of Asia-Pacific: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 86    Latin America: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 87    Latin America: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 88    Latin America: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 89    Latin America: Phycocyanin Market Size, by Application, 2018-2027 ($Million)
Table 90    Middle East and Africa: Phycocyanin Market Size, by Form, 2018-2027 ($Million)
Table 91    Middle East and Africa: Phycocyanin Market Size, by Grade, 2018-2027 ($Million)
Table 92    Middle East and Africa: Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Table 93    Middle East and Africa: Phycocyanin Market Size, by Application, 2018-2027 ($Million)

List of Figure :-

Figure 1    Market Ecosystem
Figure 2    Key Stakeholders
Figure 3    Research Process
Figure 4    Key Executives interviewed
Figure 5    Primary Research Techniques
Figure 6    Market Size Estimation
Figure 7    Meticulous Research Estimates: Powder Form Vs. Liquid Form
Figure 8    Meticulous Research Estimates: Food Grade Vs. Cosmetic Grade
Figure 9    Meticulous Research Estimates: Food and Beverages Vs. Pharmaceutical and Nutraceutical
Figure 10    Global Phycocyanin Market Share (2019) and CAGR (2020-2027), by Geography
Figure 11    Market Dynamics
Figure 12    Global Phycocyanin Production Volume, by Region, 2020-2027 (Tons)
Figure 13    Global Phycocyanin Market Size, by Form, 2020-2027 ($Million)
Figure 14    Global Phycocyanin Market Size, by Grade, 2020-2027 ($Million)
Figure 15    Global Phycocyanin Market Size, by Grade, 2018-2027 (Tons)
Figure 16    Global Phycocyanin Market Size, by Application, 2020-2027 ($Million)
Figure 17    Global Phycocyanin Market Size, by Geography, 2020-2027 ($Million)
Figure 18    Global Phycocyanin Market Size, by Geography, 2020-2027 (Tons)
Figure 19    Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 20    DIC Corporation: Financial Overview, 2019
Figure 21    E.I.D. Parry (India) Limited: Financial Overview, 2018
Figure 22    Chr. Hansen Holding A/S: Financial Overview, 2019
Figure 23    Sensient Technologies Corporation: Financial Overview, 2019
Figure 24    Givaudan SA: Financial Overview, 2019
Figure 25    Merck KGaA: Financial Overview, 2019

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