Phycocyanin Market, By Product (Lyophilized Powder and Natural Colour Pigment), By Extraction Type (Ion-Exchange Chromatography, Ammonium Sulphate Precipitation and Gel Filtration Chromatography) and By Application and By Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

  • Product Code:
    RP-ID-10294100
  • Published Date:
    17 Jul 2021
  • Region:
    Global
  • Pages:
    144
  • Category:
    Chemicals
  • Publisher:
    Pub-ID-48

Impact Analysis on the Growth of Market

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Market Overview:

REPORT HIGHLIGHT

The phycocyanin market was valued at USD 108.6 million by 2017, growing with 7.5% CAGR during the forecast period, 2018-2025

Market Dynamics

Phycocyanin is a pigment that is produced by a micro-organism group called as Cyanobacteria. Cyanobacteria is also identified as blue green algae owing to the pigment it produces. This pigment produced by the bacteria is further processed to produce a natural colorant known as Lina Blue. It is used in a variety of food and cosmetic material. An increase in demand for cleaner products i.e. without additives or artificial components are in demand. This product is a cleaner, natural alternative to artificial colours. As per an article in the National Public Radio website, 2013, caramel colour grade 150d had carcinogenic effect. Therefore, in order to avoid regulatory hassle Coke and Pepsi reformulated their recipe. Therefore, companies, especially MNC’s are shifting towards all natural and healthier alternative. One of the market restraints is typically the high cost in comparison to artificial colours, thus companies do not prefer switching unless there is a regulatory pressure. Another restraint is the supply, since this is a natural material, there is always a slight variation in the end product. Production also is heavily dependent upon climatic conditions.

Product Takeaway

Product segment is categorized as lyophilized powder and natural colour pigment. Also, the major grades available are food, cosmetic and analytical grades. Based on purity, the food grade is the purest and hence demands a premium with respect to price followed by cosmetic grade and then analytical grade. Food grade shows maximum revenue generation owing to the shift in regulatory status towards cleaner labels across the world. Some of the major categories in food where the product can be used is the confectionary, ice cream, sweets and cereals segments. Cosmetic grade is showing an increase in demand for the same reasons i.e. cleaner products, natural ingredients and mild processing needs.

Application Takeaway

Application wise the major categories are food & beverages, cosmetics, and healthcare. While Food and beverages is the dominating segment with respect to colours i.e. juices or drinks with varied colours is preferred. This is followed by an increased demand for natural products in the cosmetic industry. Cosmetic companies are now keen on developing entire range that is all natural only. Phycocyanin can find major applications in the entire colour cosmetics category. A rather new yet fast developing category is the healthcare segment. Healthcare industries are constantly formulating and researching on powdered mixed of for sports drinks that are targeted to a specific health category. In such a case, it is important to have clean and natural labels product, therefore Phycocyanin finds major applications in this category.

Regional Takeaway

The major regions that include in this research scope are North America, Europe, Asia Pacific, and Rest of the World. Europe is one of the largest consumers of phycocyanin, this is because Europe generally has stricter food laws and the people are more aware and conscious towards consuming products that have a cleaner label. Besides this, the Asia Pacific market maybe one of fastest growing owing to its awareness towards healthier foods. An overall growth in population and increased income capacities in developing countries could increase the growth of this product.

Key Vendor Takeaway

The key market players identified for this category are Nan Pao International Biotech, Ozone Naturals, Sigma-Aldrich Co. LLC, Parry Nutraceuticals, DIC Corporation, Zhejiang Binmel Biotechnology, EcoFuel Laboratories, Prozyme, Fuqing King Dnarmsa Spirulina Co., Ltd, Wuli Lvqi, Xian Sonwu Biotech Co., Limited and Tianjin Norland Biotech Co. Ltd. As per an article in the Business Standard website, 2018 stated a joint venture between the Parry group and Synthite industries in India to expand product of Spirulina and phycocyanin.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE

Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Lyophilized Powder
Natural Colour Pigment
MARKET, BY EXTRACTION TYPE

Ion-Exchange Chromatography
Ammonium Sulphate Precipitation
Gel Filtration Chromatography
MARKET, BY APPLICATION

Food Industry
Pharmaceutical Industry
Cosmetic Industry
Dietary Supplements
Chemicals
MARKET, BY REGION

North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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FREQUENTLY ASKED QUESTIONS

TABLE OF CONTENT

1. PHYCOCYANIN MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Products
2.1.2. Market Snippet by Extraction Type
2.1.3. Market Snippet by Application
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. PHYCOCYANIN KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. PHYCOCYANIN INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. PHYCOCYANIN MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. PHYCOCYANIN MARKET – BY PRODUCTS
6.1. Overview
6.1.1. Segment Share Analysis, By Products, 2017 & 2025 (%)
6.2. Lyophilized powder
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Natural colour pigment
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. PHYCOCYANIN MARKET – BY EXTRACTION TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Extraction Type, 2017 & 2025 (%)
7.2. Ion-exchange chromatography
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Ammonium sulphate precipitation
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Gel filtration chromatography
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. PHYCOCYANIN MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Extraction Type, 2017 & 2025 (%)
8.2. Food Industry
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Pharmaceutical Industry
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Cosmetic Industry
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Dietary supplements
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Chemicals
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. PHYCOCYANIN MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.2.4. North America Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
9.2.5. North America Market Size and Forecast, By Extraction Type, 2014 – 2025 (US$ Million)
9.2.6. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Extraction Type, 2014 – 2025 (US$ Million)
9.3.6. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.3.7. France
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.8. Germany
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.9. Rest of Europe
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Extraction Type, 2014 – 2025 (US$ Million)
9.4.6. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.8. India
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Rest of the World
9.5.1. Overview
9.5.2. Key Manufacturers in Rest of the World
9.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.5.4. Rest of the World Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
9.5.5. Rest of the World Market Size and Forecast, By Extraction Type, 2014 – 2025 (US$ Million)
9.5.6. Rest of the World Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.5.7. Latin America
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.8. Middle East and Africa
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. NAN PAO International Biotech
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Ozone Naturals
10.3. Sigma-Aldrich Co. LLC
10.4. Parry Nutraceuticals
10.5. DIC Corporation
10.6. Zhejiang Binmel Biotechnology
10.7. EcoFuel Laboratories
10.8. Prozyme
10.9. Fuqing King Dnarmsa Spirulina Co., Ltd.
10.10. Wuli Lvqi
10.11. Xian Sonwu Biotech Co. Limited
10.12. Tianjin Norland Biotech Co. Ltd
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us

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