Phycocyanin Market Trends, Revenue Share & Opportunity Status Analyzed by 2019 to 2028

Posted on 2020-01-31 by Mark Hub in Food & Beverage // 0 Comments

Companies are launching myriad beverage variants made from phycocyanin with a corresponding increase in its demand. Phycocyanin infused juices and smoothies have been launched in only a few regions which shows remunerative opportunity for these products as it is still in its nascent, introductory stage. Phycocyanin Blue pigments, a natural color produced from Green-blue Spirulina received approval from FDA in 2013 which heralded a brand new era of possibilities for phycocyanin. On this backdrop, demand for phycocyanin is expected to grow exponentially and is projected to create an absolute $ opportunity of around US$ 113 Mn during forecast period 2019 – 2028. Natural Blue and Green Color produced from Spirulina is in high demand and has witnessed strong market growth in last two years. Many companies such as GNT Holdings B.V., DIC Corporation, DDW Inc., Chr. Hansen Holding A/S and Sensient Technologies Corp. are producing Spirulina Blue which is an eye-catching trend giving an uptick to its demand.

The global phycocyanin market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each phycocyanin market player in a comprehensive way. Further, the phycocyanin market report emphasizes the adoption pattern of the phycocyanin across various industries.

The phycocyanin market report highlights the following players:

DIC Corporation
Cyanotech Corp
Hansen Holding A/S
GNT Holding B.V.

The phycocyanin market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

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Market Leaders Capitalizing on Cosmetology to Expand Revenue Share

Application of phycocyanin from Spirulina in cosmetic products is gaining traction in the recent years. Recently, manufacturers have started using micro-algae in the treatment of skin problems such as aging, tanning, and pigment disorders. Further, phycocyanin also has potential uses in the areas of anti-aging, skin whitening, and pigmentation reduction. Market leaders are involved in the development of new products related to Algae species in cosmetic formulations, such as moisturizing and thickening agents. In 2018, Nourish Face Mask by Kunye, also known as the “green smoothie for your face” was launched by the company. The product is gaining popularity among health conscious consumers.

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Fact.MR helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million plus data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Find More Valuable Insights on the Global Phycocyanin Market

Fact.MR, in its new offering, provides an unbiased analysis of the global market for phycocyanin, with historical data on demand (2014-2018) and expected projections for the period (2019-2028). The phycocyanin report discloses compelling insights into the demand for phycocyanin based on nature i.e. organic, and conventional, product form (powder and liquid), application (food and beverages, nutraceuticals, animal feed, cosmetics and personal care and others), across 7 key regions and 22 + countries.

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