Phycocyanin Market
Allied Market Research forecasts a robust growth at 9.6% CAGR for phycocyanin, driven by rising demand for natural food colors and health benefits.
โ Allied Market Research
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 28, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, Global Phycocyanin Market by Form, Grade and Application: Global Opportunity Analysis and Industry Forecast, 2021โ2030, The global phycocyanin market size is expected to reach $409.8 million by 2030 at a CAGR of 9.6% from 2021 to 2030.
๐๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ @
๐๐ฑ๐๐ข๐ญ๐ข๐ง๐ ๐๐๐๐๐ซ ๐๐ฅ๐๐ซ๐ญ! ๐ ๐๐๐ญ ๐ ๐๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐๐จ๐ฎ๐ซ ๐๐๐ฑ๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐! ๐๐ฎ๐ฒ ๐ง๐จ๐ฐ ๐๐ง๐ ๐ญ๐๐ค๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ฆ๐ข๐ญ๐๐-๐ญ๐ข๐ฆ๐ ๐จ๐๐๐๐ซ. ๐๏ธ
Phycocyanin belongs to the light harvesting phycobiliprotein family. It is found in Cryptophyceae, cyanobacteria, Rhodophyceae and according to the species it is called as C-PC and R-PC. It has been gaining major popularity in medical and biotechnology filed as C-phycocyanin isolated from S. platensis having many therapeutic efficacies such as anticancer properties, free radical scavenging activity, and antioxidant and anti-inflammatory properties.
North America and Europe are critically banning use of synthetic colors in food & beverages, owing to its health hazards hyperactivity in the children and skin allergies. For instance, European Food Safety Authority, the regulatory agency of EU countries has banned the utilization of synthetic color for food safety for the products that are consumed in EU countries, which subsequently promotes the growth for natural color market; thus, indirectly boosting the demand for phycocyanin during the forecast period.
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 divided into food grade, pharma grade and reagent & analytical grade. By application, it is segregated into food & beverages, pharmaceuticals, cosmetics, nutraceuticals and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).
Phycocyanin is a blue pigment-protein complex from the light-harvesting phycobiliprotein family, found in cyanobacteria (such as Spirulina) and certain red algae. It is used for its vibrant blue color and potential health benefits.
๐๐๐๐ฒ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฌ ๐จ๐ ๐๐ก๐ฒ๐๐จ๐๐ฒ๐๐ง๐ข๐ง:
๐ซด Natural Colorant: Phycocyanin is widely used as a natural blue colorant in foods and beverages, replacing synthetic dyes like Blue No. 1.
๐ซด Antioxidant Properties: It exhibits strong antioxidant activity, helping to neutralize free radicals and reduce oxidative stress.
๐ซด Anti-Inflammatory Effects: Research suggests that phycocyanin may help reduce inflammation, making it beneficial for conditions like arthritis.
๐ซด Immune System Support: It may enhance the immune response by promoting the production of antibodies and other immune cells.
๐ซด Potential Anti-Cancer Activity: Some studies indicate that phycocyanin might have anti-cancer properties, inhibiting the growth of cancer cells.
๐๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
๐ซด – Food and Beverage Industry: Used in smoothies, ice creams, candies, and drinks for its color and health benefits.
๐ซด – Cosmetics: Incorporated into skincare products for its antioxidant and anti-inflammatory properties.
๐ซด – Nutraceuticals: Available in supplement form, often marketed for its health benefits.
๐๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
Ongoing research is exploring the various health benefits and potential therapeutic applications of phycocyanin, as well as ways to optimize its extraction and stability for commercial use.
According to the phycocyanin market trends, on the basis of form, the liquid segment was valued at $11.8 million in 2020, and is projected to reach $39.0 million by 2030, registering a CAGR of 12.1% from 2021 to 2030. Liquid phycocyanin has been gaining significant traction among end users as liquid phycocyanin is more concentrated than powder so food & beverages manufacturing companies need liquid phycocyanin in lesser quantity.
On the basis of grade, the reagent & analytical grade segment is estimated to reach $14.8 million by 2030, at a CAGR of 10.1%. The grades of the phycocyanin are based on the purity of the phycocyanin and on the basis of purity, it is used in various applications such as pharmaceutical, biomedical, and food & beverages. C-PC purity is defined as the ratio between the absorbances at 620 nm and 280 nm; when this ratio is โฅ 0.7, C-PC is considered to be of food grade purity and when โฅ 4.0 it is considered to be of analytical grade purity. Analytical grade phycocyanin is used for pharmaceutical and nutraceuticals applications as it is a nontoxic and non-carcinogenic natural coloring agent.
As per application, the cosmetic segment is estimated to reach $32.7 million by 2030, growing at a CAGR of 10.9%. Phycocyanin has been gaining considerable popularity cosmetic and personal care industry, owning to its free radical scavenging and anti-inflammatory properties. Growth in demand for premium cosmetic products and greater acceptance for the organic and natural ingredient-based cosmetic products are likely to surge the growth of the phycocyanin through cosmetic segment. For instance, Kunyeโs Nourish Face Mask has gained major popularity among the health-conscious customers. Nourish Face Mask is an organic face mask that combines formula such as phycocyanin, wheatgrass, neem, sea kelp, and Canadian bentonite Clay.
๐๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ @
Region wise, Europe has been gaining considerable traction in the phycocyanin market, and is expected to grow at a significant CAGR during the forecast period. EFSA, the regulatory agency of EU countries for food safety, has banned the use of synthetic colors in the products consumed in EU countries, which is expected to boost the growth of the natural color market. Changes in consumer preferences toward nutritious and healthy products is the new trend for which companies are launching innovative products to supplement the demands of the modern society. Thus, growing demand for organic and natural food color and high inclination toward nutritious foods products are expected to accelerate the growth of the Europe phycocyanin market during the forecast period.
๐๐๐ก๐ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฉ๐ก๐ฒ๐๐จ๐๐ฒ๐๐ง๐ข๐ง ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ก๐๐ฏ๐ ๐๐๐จ๐ฉ๐ญ๐๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ ๐ฅ๐๐ฎ๐ง๐๐ก ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ฌ ๐ญ๐ก๐๐ข๐ซ ๐ค๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐๐ฅ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐ญ๐จ ๐๐ฑ๐ฉ๐๐ง๐ ๐ญ๐ก๐๐ข๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ก๐๐ซ๐, ๐ข๐ง๐๐ซ๐๐๐ฌ๐ ๐ฉ๐ซ๐จ๐๐ข๐ญ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ, ๐๐ง๐ ๐ซ๐๐ฆ๐๐ข๐ง ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ.
โ ๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
โ ๐๐ฅ๐ฎ๐๐ญ๐๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฅ๐ฌ ๐๐จ.
โ ๐๐๐ ๐๐ง๐.
โ ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง
โ ๐๐๐ซ๐ญ๐ก๐ซ๐ข๐ฌ๐ ๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง๐๐ฅ๐ฌ ๐๐๐
โ ๐๐๐ฉ๐๐ง ๐๐ฅ๐ ๐๐ ๐๐จ. ๐๐ญ๐.
โ ๐๐๐ซ๐ซ๐ฒ ๐๐ฎ๐ญ๐ซ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ๐ฌ
โ ๐๐ก๐ฒ๐๐จ-๐๐ข๐จ๐ญ๐๐๐ก ๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ข๐๐ฌ
โ ๐๐ข๐ง๐ ๐๐๐จ ๐๐จ๐ฅ๐๐ง๐๐ข๐จ ๐๐จ. ๐๐ญ๐.
โ ๐๐ข๐ ๐ฆ๐-๐๐ฅ๐๐ซ๐ข๐๐ก ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง
โ ๐๐ฎ๐ง๐ง๐๐ง ๐๐ซ๐๐๐ง ๐ ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐ซ๐จ๐ฃ๐๐๐ญ ๐๐จ. ๐๐ญ๐.
๐๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ @
โ ๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ
– – The phycocyanin market was valued at $155.3 million in 2020, and is estimated to reach $409.8 million by 2030, growing at a CAGR of 9.6% during the forecast period.
– – By form, the powder segment is estimated to witness the fastest growth, registering a CAGR of 9.4% during the forecast period.
– – In 2020, depending on application, the nutraceuticals segment was valued at $18.9 million, accounting for 12.2% of the global functional pet food market share.
– – In 2020, the U.S. was the most prominent market in North America, and is projected to reach $107.8 million by 2030, growing at a CAGR of 7.9% during the forecast period.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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David Correa
Allied Market Research
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Article originally published on www.einpresswire.com as Phycocyanin Market Expected to Reach $409.8 Million by 2030