Phycocyanin Market will witness a CAGR of 9.4% for the forecast period of 2023-2029 | Bluetec Naturals Co., DDW Inc., DIC Corporation, Earthrise Nutritionals LLC, Japan Algae Co. Ltd

Published April 28, 2023



The careful efforts of professional forecasters, skilled analysts, and intelligent researchers have resulted in the creation of the Phycocyanin Market research study. Companies can better understand the different types of consumers, consumer demands and preferences, perspectives on the product, purchasing intentions, reactions to individual products that are already on the market. Thanks to the detailed and current information provided in this report. By dealing with a wide range of market analyses, product definition, market segmentation, important developments, and the current vendor landscape through 2029, the Phycocyanin Market Report offers a complete overview of the market.

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Market Overview (2023-2029):

Historical Market Size (2022): USD 140.67 million in 2022

Forecast CAGR (2023-2029):  9.4%

Forecast Market Size (2029): USD 400 million by 2029

Also, the vendor landscape and competitive scenarios of the Phycocyanin market are broadly analysed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the Phycocyanin market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the Phycocyanin market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the market.

Some of the key developments seen in the phycocyanin market are as follows:

  • Florida-based Valensa International and EID Parry announced to venture into the Indian market with a new joint business partnership with India-based Synthite Industries, to produce phycocyanin from organic spirulina.
  • Scottish company ScotBio announced receiving a grant for a method for the enhanced production of phycocyanin from spirulina. The new method will enable the lower cost production of phycocyanin.

Growing Awareness about Health Benefits of Phycocyanin

  • Awareness about phycocyanin usage and its health benefits is increasing around the world. The use of social media platforms and websites for the marketing of new and innovative products is on the rise. Moreover, health-related blogs and vlogs are also responsible for creating new trends regarding health and wellness.
  • Phycocyanin is touted for its bright to dark blue color; however, its health benefits such as anti-cancer, anti-inflammatory, and antioxidant properties are creating a health halo surrounding consumption of phycocyanin.
  • The increasing prevalence of various diseases around the world, mostly in developed nations, is leading to increasing health concerns and consciousness, which is anticipated to result in increasing market demand for phycocyanin.

Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Phycocyanin market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Phycocyanin market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Phycocyanin market is Bluetec Naturals Co., DDW Inc., DIC Corporation, Earthrise Nutritionals LLC, Japan Algae Co. Ltd., Parry Nutraceuticals, Phyco-Biotech Laboratories, Qingdao ZolanBio Co and others.

Phycocyanin Market Segmentation:

Phycocyanin Market By Form, 2023-2029, (USD Million, Kilotons)

  • Powder
  • Liquid

Phycocyanin Market By Grade, 2023-2029, (USD Million, Kilotons)

  • Food Grade
  • Pharma Grade
  • Reagent & Analytical Grade

Phycocyanin Market By Application, 2023-2029, (USD Million, Kilotons)

  • Food & Beverage
  • Cosmetics
  • Pharmaceuticals
  • Nutraceuticals
  • Others

Regions included in the report Phycocyanin Market:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
  • South America (Colombia, Brazil, Argentina, Rest of South America)
  • Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Highlight the Following Key Factors:

  • Business description: a detailed description of company operations and business departments.
  • Company strategy: The analyst’s summary of the company’s business strategy.
  • SWOT analysis: Detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
  • Company History: The progress of major events related to the company.
  • Main products and services: A list of the company’s main products, services, and brands.
  • Main competitors: A list of the company’s main competitors.
  • Important locations and subsidiaries: The company’s main locations and subsidiaries’ list and contact information.
  • Detailed financial ratios of the past five years: The latest financial ratios come from the annual financial statements issued by companies with a history of five years.

What this report provides?

▶ GTM (Go-to-Market) strategy

▶ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer)

▶ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status

▶ Recent market developments and it’s futuristic growth opportunities

▶ Customized regional/country reports as per request

Why Choose Exactitude Consultancy?

Reliable Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support: For complete satisfaction of our customers

Targeted Market View: Targeted market view to provide pertinent information and save time of readers

Agile Approach: A faster and efficient way to cater to the needs with continuous iteration

Customization: On-demand customization of scope of the report to exactly meet your needs

Key Points from TOC:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Phycocyanin Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Global Statistics — Key Countries
    • New Product Launches
    • Pipeline Analysis
    • Regulatory Scenario — Key Countries
    • Recent Industry Developments — Partnerships, Mergers and Acquisitions
  5. Global Market Analysis, Insights and Forecast
  6. Key Findings/ Summary
    • Phycocyanin Market Analysis — By Product Type
    • Market Analysis — By Distribution Channel
    • Market Analysis — By Countries/Sub-regions
  7. Competitive Analysis
    • Key Industry Developments
    • Global Phycocyanin Market Share Analysis
    • Competition Dashboard
    • Comparative Analysis — Major Players
  8. Company Profiles
    • Overview
    • Products and Services
    • SWOT Analysis
    • Recent developments
    • Major Investments
    • Regional Market Size and Demand
  9. Strategic Recommendations

TOC Continued……………….

If you have any special requirements, please let us know and we will provide you with a report at a custom price. We always believe in quality, so we will provide you with instant 24*7 sales support. Should you have any questions or doubts, we offer after-sales priority analyst assistance to clarify even one doubt about your research.

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