Demand for Phycocyanin to Soar, as an Attractive Color Variant with Superior Properties
Manufacturers are channelizing efforts on production of phycocyanin from Spirulina to gain better market share in this segment. Phycocyanin has been approved by FDA for usage in food and beverages since 2013 and in the last few years, many companies have started producing phycocyanin due to its growing demand. Companies have also started launching new and innovative colors which can propel the market to newer heights.
Phycocyanin from Spirulina became the most attractive color globally owing to its features and texture and is primarily used in the food and beverage industry. European Food Safety Authority (EFSA), the regulatory agency of EU countries for food safety has banned the use of synthetic color in food products consumed in EU countries. This has boosted the demand for phycocyanin.
Growing Consumption in Cosmetics and Animal Feed Segments to Bolster Phycocyanin Demand
Phycocyanin, being a natural ingredient is seeing immense traction owing to its myriad applications. Phycocyanin from Spirulina has found application in animal feed, pet food and fish food since animals and pets can easily digest phycocyanin and don’t get allergies or medical problems after consuming it. Phycocyanin from Spirulina, rich in protein, vitamin and minerals has been used as fish feed for many decades. This also reduces the cost of production of fish at a commercial scale owing to increased commercial production of Spirulina and phycocyanin for animal feed.
Phycocyanin from Spirulina possesses anti-oxidants, hypolipidemic and anti-inflammatory properties owing to which it is witnessing high demand growth among food, beverage and cosmetics industries. Phycocyanin from Spirulina consists of numerous vitamins, Beta-carotene and antioxidants which are expected to push the demand of phycocyanin in the near future.
Emerging Markets from Asia to Exhibit Potential Growth
Phycocyanin is used in applications such as food coloring, clothing, pharmaceutical, cosmetics, paint additives, paper industry, and cancer research in many countries such as China and India. Moreover, the government of many countries such as India, Angola and Ghana are actively supporting the local spirulina market and building a strong gateway for the development of this super-food which can change the course of the food industry. The increased production of Spirulina has resulted in increased production of phycocyanin. Due to high nutritional content of phycocyanin, many countries have identified it as an economical solution to nutritional deficiencies which support the growth of phycocyanin market. Collectively, both Europe and North America capture the largest share in the market. However, APEJ will exhibit a steady growth trajectory in the phycocyanin market over the forecast period.
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Capacity Expansions Emerging as Sweet Spot for Key Players in Phycocyanin Market
Tier 1 phycocyanin market players such as Chr. Hansen Holding A/S, DDW Inc., DIC Corporation, etc, have been expanding their footprint in the potential markets such as India and China. In 2018, DIC announced major expansion of its production capacity for Linablue, a natural blue food coloring which is a phycocyanin variant from Spirulina. This move of the company is expected to solidify its position as global leader in phycocyanin market. Consumer concerns for food safety and security is rising. According to DIC, the global market for natural blue food coloring will grow at 50% annually from 2018 till 2020 which is projected to boost the growth of phycocyanin market.
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Phycocyanin market is anticipated to witness a notable upsurge during the forecast period 2019 to 2028, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of phycocyanin market. This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of phycocyanin market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the production of phycocyanin.
Phycocyanin market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of phycocyanin market. The report primarily conveys a summary of phycocyanin market, considering present and upcoming nutritional supplement industry scenarios, to reveal striking sides relating to the acceptance of phycocyanin across prominent regional markets.
A detailed assessment on few of phycocyanin producers and suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from phycocyanin supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning in phycocyanin market provided in the report enhances reliability of this ample research study.
Phycocyanin Market: Report Summary and Scope
The study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in phycocyanin market across the globe.
A comprehensive estimate on phycocyanin market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of phycocyanin during the forecast period. Analysis and estimation of price point comparison by region and by nature with the global average price has been included in this study.
Phycocyanin Market: Segmentation
FactMR’s study has done the segmentation of phycocyanin market on the basis of nature, form, application and region.
|
Nature |
Form |
Application |
Region |
|
Organic Conventional |
Powder Liquid |
Food and Beverage Nutraceuticals Animal Feed Cosmetics and Personal Care Others |
North America Latin America Western Europe Eastern Europe Asia Pacific Excluding Japan (APEJ) Japan Middle East and Africa (MEA) |
Phycocyanin Market: Analysis on Market Size Evaluation
Predictions of phycocyanin market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for phycocyanin are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent phycocyanin market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on phycocyanin applications where phycocyanin witnesses a steady demand.
Phycocyanin Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on phycocyanin market, which delivers projection on the regional markets. These chapters brighten the regional macros (political, economic, and business environment outlook), which are expected to have a significant impact on the growth of phycocyanin market during period of forecast.
Country-specific valuation on demand for phycocyanin has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Phycocyanin Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of phycocyanin market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of phycocyanin, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
Company profiles have been shared in the report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis. The company presence mapped and presented through the matrix for all the prominent players of the market functioning in phycocyanin market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in phycocyanin market. Major companies operating in global phycocyanin market, include Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., Parry Nutraceuticals Limited, Naturalin Bio-Resources Co., Ltd, Far East Bio-Tec Co., Ltd., Döhler GmbH, Naturex S.A., Fraken Biochem Co., Ltd. and others.
1. Global Phycocyanin Market - Executive Summary
1.1. Global Market Overview
1.2. Industry Attributes
1.3. Key Market Statistics
1.4. Fact.MR Analysis and Recommendation
2. Global Phycocyanin Market Data – Introduction
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
3. Key Market Trends
3.1. Key Trends Impacting Market
4. Market Background and Associated Industry Indicators
4.1. Global Food Ingredient Market Overview
4.1.1. Food Ingredient Consumption by Key Countries
4.1.2. Food Ingredient Market Y-O-Y Growth 2019 – 2028
4.1.3. Trends of Food Ingredient Market
4.2. Food Ingredient Market Consumption by Region
4.2.1. North America
4.2.2. Latin America
4.2.3. Europe
4.2.4. Asia Pacific
4.2.5. MEA
4.3. Forecast Factors - Relevance & Impact
4.3.1. Food Sector GVA and Growth
4.3.2. Global Food Ingredient Market Outlook
4.3.3. Global Food Processing Industry Trend
4.3.4. Global GDP Growth Outlook
4.3.5. Top Historic Growth of Companies
4.4. Value Chain Analysis and Operating Margins
4.4.1. List of Raw Material Providers
4.4.2. List of Key Producers
4.4.3. List of Channel Partners
4.4.4. Operating Margins
4.4.5. Notes on Value Added at Each Node in the Value Chain
4.5. Market Dynamics
4.5.1. Drivers
4.5.2. Restraints and Market Risks
4.5.3. Opportunity Analysis
5. Global Phycocyanin Market Volume Demand Analysis 2016-2018 and Forecast, 2019-2028
5.1. Historical Market Volume (Tons) Analysis, 2016-2018
5.2. Current and Future Market Volume (Tons) Projections, 2019-2028
5.3. Y-o-Y Growth Trend Analysis
5.4. Key Indicators Impacting the Phycocyanin Market Industry
5.4.1. World GDP by Key Countries, 2018
5.4.2. Macroeconomic Factors
6. Global Phycocyanin Market - Pricing Analysis
6.1. Regional Pricing Analysis By Nature
6.2. Pricing Break-up by Region
6.2.1. Manufacturer Level Pricing
6.2.2. Distributor Level Pricing
6.2.3. Retailer Level Pricing
6.3. Global Average Pricing Analysis Benchmark
6.4. Factors Influencing Pricing
7. Global Phycocyanin Market Value Demand (US$ Mn) Analysis 2016-2018 and Forecast, 2019-2028
7.1. Historical Market Value (US$ Mn) Analysis, 2016-2018
7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2028
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028, By Nature
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Nature, 2016 - 2018
8.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Nature, 2019 - 2028
8.3.1. Organic
8.3.2. Conventional
8.4. Market Attractiveness Analysis By Nature
9. Global Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028, by Form
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Form, 2016 - 2018
9.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Form, 2019 - 2028
9.3.1. Powder
9.3.2. Liquid
9.4. Market Attractiveness Analysis By Form
10. Global Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028, By Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Application, 2016 - 2018
10.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Application, 2019 - 2028
10.3.1. Food and
10.3.2. Nutraceuticals
10.3.3. Animal Feed
10.3.4. Cosmetics and Personal Care
10.3.5. Other
10.4. Market Attractiveness Analysis By Application
11. Global Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028, by Region
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2016 - 2018
11.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Region, 2019 - 2028
11.3.1. North America
11.3.2. Latin America
11.3.3. Western Europe
11.3.4. Eastern Europe
11.3.5. Asia Pacific Excluding Japan (APEJ)
11.3.6. Japan
11.3.7. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2016 - 2018
12.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2028
12.3.1.1. By Country
12.3.1.2. U.S.
12.3.1.3. Canada
12.3.2. By Nature
12.3.3. By Form
12.3.4. By Application
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Nature
12.4.3. By Form
12.4.4. By Application
13. Latin America Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2016 - 2018
13.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2028
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Rest of Latin America
13.3.2. By Nature
13.3.3. By Form
13.3.4. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Nature
13.4.3. By Form
13.4.4. By Application
14. Western Europe Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2016 - 2018
14.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2028
14.3.1. By Country
14.3.1.1. Germany
14.3.1.2. Italy
14.3.1.3. France
14.3.1.4. UK
14.3.1.5. Spain
14.3.1.6. Rest of Western Europe
14.3.2. By Nature
14.3.3. By Form
14.3.4. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Nature
14.4.3. By Form
14.4.4. By Application
15. Eastern Europe Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2016 - 2018
15.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2028
15.3.1. By Country
15.3.1.1. Russia
15.3.1.2. Poland
15.3.1.3. Rest of Eastern Europe
15.3.2. By Nature
15.3.3. By Form
15.3.4. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Nature
15.4.3. By Form
15.4.4. By Application
16. Asia Pacific Excluding Japan Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2016 - 2018
16.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2028
16.3.1. By Country
16.3.1.1. China
16.3.1.2. India
16.3.1.3. Australia and New Zealand
16.3.1.4. ASEAN Countries
16.3.1.5. Rest of APEJ
16.3.2. By Nature
16.3.3. By Form
16.3.4. By Application
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Nature
16.4.3. By Form
16.4.4. By Application
17. Japan Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028
17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2016 - 2018
17.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2028
17.3.1. By Nature
17.3.2. By Form
17.3.3. By Application
17.4. Market Attractiveness Analysis
17.4.1. By Nature
17.4.2. By Form
17.4.3. By Application
18. Middle East and Africa Phycocyanin Market Analysis 2016-2018 and Forecast 2019-2028
18.1. Introduction
18.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2016 - 2018
18.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2028
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. South Africa
18.3.1.3. Rest of MEA
18.3.2. By Nature
18.3.3. By Form
18.3.4. By Application
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Nature
18.4.3. By Form
18.4.4. By Application
19. Market Structure Analysis
19.1. Global Phycocyanin Market Competition - a Dashboard View
19.2. Global Phycocyanin Market Structure
19.3. Market Share Analysis of Top Players
20. Company Profiles
20.1. Chr. Hansen Holding A/S
20.1.1. Company Overview
20.1.2. Product Portfolio
20.1.3. Key Developments
20.1.4. Key Strategies
20.1.5. SWOT Analysis
20.1.6. Company Financials
20.2. Cyanotech Corp
20.2.1. Company Overview
20.2.2. Product Portfolio
20.2.3. Key Developments
20.2.4. Key Strategies
20.2.5. SWOT Analysis
20.3. DDW Inc.
20.3.1. Company Overview
20.3.2. Product Portfolio
20.3.3. Key Developments
20.3.4. Key Strategies
20.3.5. SWOT Analysis
20.4. DIC Corporation
20.4.1. Company Overview
20.4.2. Product Portfolio
20.4.3. Key Developments
20.4.4. Key Strategies
20.4.5. SWOT Analysis
20.5. Dongtai City Spirulina Bio-Engineering Co., Ltd.
20.5.1. Company Overview
20.5.2. Product Portfolio
20.5.3. Key Strategies
20.5.4. SWOT Analysis
20.6. Fuqing King Dnarmsa Spirulina Co., Ltd.
20.6.1. Company Overview
20.6.2. Product Portfolio
20.6.3. Key Strategies
20.6.4. SWOT Analysis
20.7. GNT Holding B.V.
20.7.1. Company Overview
20.7.2. Product Portfolio
20.7.3. Key Strategies
20.7.4. SWOT Analysis
20.8. Sensient Technologies Corp.
20.8.1. Company Overview
20.8.2. Product Portfolio
20.8.3. Key Strategies
20.8.4. SWOT Analysis
20.9. Parry Nutraceuticals Limited
20.9.1. Company Overview
20.9.2. Product Portfolio
20.9.3. Key Strategies
20.9.4. SWOT Analysis
20.10. Naturalin Bio-Resources Co., Ltd
20.10.1. Company Overview
20.10.2. Product Portfolio
20.10.3. Key Strategies
20.10.4. SWOT Analysis
20.11. Far East Bio-Tec Co., Ltd.
20.11.1. Company Overview
20.11.2. Product Portfolio
20.11.3. Key Strategies
20.11.4. SWOT Analysis
21. Research Methodology
22. Assumptions and Acronyms
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Phycocyanin Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028