Phycocyanin Market is expected to witness Incredible Growth during 2021-2031

Global Phycocyanin report from Global Insight Services is the single authoritative source of intelligence on Phycocyanin market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Phycocyanin is a blue pigment found in blue-green algae and other microorganisms. It is used by these organisms to absorb light for photosynthesis. Phycocyanin is also a potent antioxidant and has been shown to have anti-inflammatory, anti-cancer, and neuroprotective effects in animal studies.

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Market Segments

The Phycocyanin Market is segmented on the basis of form, grade, application, and region. On the basis of form, the market is categorized into powder and liquid. On the basis of grade, the market is categorized into food grade, pharma grade, and reagent & analytical grade. By application, it is segregated into food & beverages, pharmaceuticals, cosmetics, nutraceuticals, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World.

Key Players

The Phycocyanin Market report includes players such a Bluetec Naturals Co.DDW Inc.DIC CorporationEarthrise Nutritionals LLCJapan Algae Co. Ltd., Parry NutraceuticalsPhyco-Biotech LaboratoriesQingdao ZolanBio Co. Ltd., Sigma-Aldrich Corporation, and Yunnan Green A Biological Project Co. Ltd.

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Key Drivers

The key drivers of the Phycocyanin market are its wide range of applications in the food & beverage, cosmetics, and pharmaceutical industries, and its increasing use as a natural blue colorant. Phycocyanin is a water-soluble pigment that is extracted from blue-green algae and is used as a natural blue colorant in a wide range of food and beverage products, as well as in cosmetics and pharmaceuticals. The pigment is also known for its antioxidant, anti-inflammatory, and anti-cancer properties.

The food & beverage industry is the largest end-user of Phycocyanin. The pigment is widely used as a natural blue colorant in a wide range of food and beverage products, such as juices, jams, jellies, ice creams, and confectioneries. The cosmetics industry is the second-largest end-user of Phycocyanin. The pigment is used in a wide range of cosmetics products, such as hair dyes, eyeliners, and lipsticks, owing to its antioxidant and anti-inflammatory properties. The pharmaceutical industry is the third-largest end-user of Phycocyanin.

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