The Phycocyanin Market size was valued at USD 203.33 Million in 2023 and the total Phycocyanin revenue is expected to grow at a CAGR of 9.82 % from 2024 to 2030, reaching nearly USD 391.72 Million by 2030. Phycocyanin, a natural blue pigment extracted from blue-green algae such as Spirulina, is renowned for its vibrant blue color and various health benefits. It serves as an antioxidant, and anti-inflammatory, and has applications in the food, cosmetic, and pharmaceutical industries.To know about the Research Methodology :- Request Free Sample Report The Phycocyanin market expected a rapid growth over the forecast period owing to the increasing demand for natural food colorants, rising health consciousness among consumers, and various applications in various sectors. Factors contributing to this growth include the escalating use of Phycocyanin as a natural alternative to synthetic colors in food and beverages, its proven health benefits leading to higher adoption in dietary supplements, and the increasing research and development initiatives exploring its medicinal properties. DIC Corporation, Sensient Technologies Corporation, and Chr. Hansen Holding A/S has made significant advancements in the food and beverages domain, investing in technological advancements for efficient extraction processes, expanding production capacities, and developing innovative applications for Phycocyanin. Recent developments involve strategic collaborations, mergers, and acquisitions aimed at broadening product portfolios and geographical reach, as well as advancements in extraction techniques to enhance yield and purity, thus catering to the increasing demand for this natural pigment. The future of the Phycocyanin market appears bright, driven by ongoing innovations in product development, heightened recognition of its health advantages, and a rising inclination towards natural components across diverse industries, all set to boost its Phycocyanin market growth in the coming years.
Phycocyanin Market Dynamics:
Increasing Demand for Natural Food Colorants driving Phycocyanin Market growth The Phycocyanin market has experienced rapid growth, primarily driven by the rising demand for natural food colorants. As consumers increasingly seek natural alternatives, Phycocyanin stands out for its vibrant blue hue derived from blue-green algae such as Spirulina, meeting the demand for clean-label, natural food coloring options. This trend aligns with the wider market movement towards cleaner, healthier ingredients, positioning Phycocyanin as a sought-after natural pigment in various industries. The rise in health consciousness among consumers has driven Phycocyanin Market due to its inherent antioxidant properties and nutritional benefits. Studies have showcased a 20% uptick in the sales of products containing natural antioxidants, indicating a growing preference for health-enhancing ingredients. This increased awareness of the health benefits of Phycocyanin has significantly contributed to its market growth, particularly in sectors such as dietary supplements and pharmaceuticals. Phycocyanin's medicinal properties have further prompted its use in pharmaceutical formulations. Research has revealed a 15% rise in Phycocyanin utilization in pharmaceutical applications owing to its anti-inflammatory and neuroprotective characteristics. Its incorporation in cosmetic products has surged by 25% due to its natural color and skin-enhancing properties, aligning with the cosmetic industry's inclination towards natural ingredients. This multifaceted demand across industries underscores Phycocyanin's versatility and attractiveness as a natural ingredient with diverse applications, driving its Phycocyanin market growth globally.Compliance with stringent chemical laws and regulations Hinders The Market Growth The production of Phycocyanin faces multiple challenges that impede Phycocyanin market growth and accessibility. Extracting this pigment from blue-green algae involves intricate processes such as cell disruption and purification, contributing to high production costs ranging from $5,000 to $20,000 per kilogram. Environmental factors affecting algae cultivation, such as temperature fluctuations and contaminants, disrupt supply consistency, causing shortages and production delays. Inadequate consumer awareness about Phycocyanin's health benefits limits market penetration, impacting demand and growth potential. Compliance with stringent chemical laws such as REACH in the EU and FDA guidelines in the U.S. poses hurdles, necessitating adherence to strict criteria for additives and extraction methods, affecting production processes and market entry. Balancing production demands with sustainable sourcing of blue-green algae presents challenges due to environmental concerns, ethical considerations, and the need for resource conservation. Synthetic colorants, though less desirable for health reasons, create competitive pressures due to their cost-effectiveness, affecting Phycocyanin market competitiveness. The Phycocyanin market also grapples with technological limitations in extraction methods, hindering scalability and cost reduction. Fragmentation and lack of standardized quality parameters across suppliers and regions restrict widespread adoption, fostering uncertainty among buyers and hindering market growth. Economic fluctuations globally impact consumer spending and investment in research and development, potentially slowing Phycocyanin's market growth. Additionally, logistical hurdles in transportation, storage, and shelf-life stability challenge market distribution and accessibility, necessitating stringent handling and preservation methods to maintain product quality and meet demand. Specific regulations, such as the EU's Regulation (EC) No 1333/2008 on Food Additives, demand rigorous safety evaluations and labelling for Phycocyanin in food products, adding complexity and compliance challenges for manufacturers, potentially limiting market access within the EU and impacting commercial viability. Food Additives Regulations Impacting Phycocyanin Market Growth in Major Regions
Region Regulation/Authority Impact on Phycocyanin Market European Union (EU) Regulation (EC) No 1333/2008 on Food Additives Mandates safety evaluations, strict labeling, and permissible usage levels, affecting market entry and compliance costs for Phycocyanin-based products within the EU. United States (US) Food and Drug Administration (FDA) regulations FDA guidelines govern food color additives, necessitating rigorous testing and approval processes for Phycocyanin, impacting market access and commercial viability. China China Food Safety Law Regulations in China set standards for food additives, requiring compliance and approval processes for Phycocyanin products, influencing market entry and accessibility in the Chinese market. Japan Japan's Food Sanitation Act Governed by the Ministry of Health, Labour and Welfare, Japan enforces strict regulations on food additives, influencing Phycocyanin's approval processes and market presence in Japan. Australia/New Zealand Food Standards Australia New Zealand (FSANZ) Standards The joint authority sets standards for food additives, impacting Phycocyanin's approval and use in food products within these regions, affecting market accessibility and compliance requirements. Phycocyanin Market Segment Analysis:
Based on Form, Powdered Phycocyanin dominated the Phycocyanin market as it finds widespread utilization in various industries, especially in food and beverages as a natural blue colorant. Its dry form allows for easy incorporation in dry mixes, supplements, and solid formulations, enhancing the aesthetic appeal of products. Powdered Phycocyanin is favoured in the cosmetic industry for its stability in formulations like powdered makeup products. Liquid Phycocyanin, although less prevalent, is gaining traction due to its suitability for liquid-based products such as beverages and liquid supplements. The liquid form's solubility facilitates its integration into liquid formulations seamlessly. While powdered Phycocyanin dominates due to its versatility across applications, the liquid variant shows promise, especially in industries requiring fluid formulations, fulfilling to a niche Phycocyanin market segment seeking liquid-based natural colouring options.Based on Grade, Phycocyanin E18 dominated the Phycocyanin market with the large market share in 2023, it is known for its higher purity level, finds extensive application in pharmaceuticals and high-end food products where purity is paramount. Its superior quality makes it favorable for medicinal formulations due to its potential therapeutic benefits and in food products requiring premium-grade natural colorants. Phycocyanin E25 is a fast-growing segment in Phycocyanin market offering a balance between purity and cost-effectiveness, is widely adopted across food and beverage industries. Its versatility allows it to be used in a broad range of applications, from confectionery to beverages, owing to its good balance between quality and affordability. Meanwhile, Phycocyanin E3.0, with a lower purity level but a more cost-effective option, sees adoption in applications where stringent purity standards are not essential, such as certain cosmetic products or bulk food coloring requirements. Each grade caters to specific industry needs, offering a range of purity and cost considerations that align with diverse application requirements.
Phycocyanin Market Regional Insights:
Asia Pacific Dominance in the Phycocyanin Market Asia Pacific region dominated the Phycocyanin market in 2023 and is expected to continue its dominance during the forecast period. China and India, emerge as significant producing hubs thanks to favorable climatic conditions for algae cultivation. China, as a leading producer, boasts a manufacturing capacity of approximately 2000 tonnes annually, driven by its extensive algae farming. India follows closely, contributing around 1200 tonnes annually to the global market. North America and Europe stand out as major consuming regions, with the United States and European countries displaying substantial consumption rates. The U.S., with an estimated consumption capacity of 500 tonnes per 100K people, demonstrates a robust demand for natural food colorants like Phycocyanin. Europe, with its emphasis on clean label products and increasing awareness of natural ingredients, has an annual consumption rate of around 400 tonnes. Import-export dynamics reveal an intercontinental trade flow, with Asia Pacific exporting Phycocyanin to North America and Europe.Scope of the Global Phycocyanin Market: Inquire before buying
Global Phycocyanin Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 203.33 Mn. Forecast Period 2024 to 2030 CAGR: 9.6% Market Size in 2030: US $ 391.72 Mn. Segments Covered: by Nature Organic Conventional by Form Powder Liquid by Grade Phycocyanin E18 Phycocyanin E25 Phycocyanin E3.0 by Application Food & Beverages Cosmetics & Personal Care Nutraceuticals Animal Feed Aquaculture Phycocyanin Market, by Region:
North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)Phycocyanin Market Key Players:
Major Contributors in the Phycocyanin Industry in North America: 1. Cyanotech Corp., Hawaii, US 2. Sensient Technologies Corporation, Wisconsin, US 3. Algorigin USA, California, US 4. Earthrise Nutritionals, California, US 5. Parry Nutraceuticals, Arizona, US Leading players in the Europe Phycocyanin Market: 1. Algatech, Israel 2. Farmaespaña, Spain 3. Algenics, France 4. VHB Herbs, Bulgaria 5. GNT Group, Germany Key players driving the Asia-Pacific Phycocyanin market: 1. DIC Corporation, Tokyo, Japan 2. Far East Bio-Tec Co., Ltd., Taiwan 3. Fraken Biochem Co., Ltd, Shandong, China 4. Kingherbs Limited, Hunan, China FAQs: 1] What segments are covered in the Global Phycocyanin Market report? Ans. The segments covered in the Phycocyanin Market report are based on Nature, Form, Grade, Application and Region. 2] Which region is expected to hold the highest share in the Global Phycocyanin Market? Ans. Europe region is expected to hold the highest share in the Phycocyanin market. 3] What is the market size of the Global Phycocyanin Market by 2030? Ans. The market size of the Phycocyanin Market by 2030 is expected to reach US$ 391.72 Mn. 4] What is the forecast period for the Global Phycocyanin Market? Ans. The forecast period for the Phycocyanin Market is 2024-2030. 5] What was the market size of the Global Phycocyanin Market in 2023? Ans. The market size of the Market in 2023 was valued at US$ 203.33 Mn.
1. Phycocyanin Market: Research Methodology 2. Phycocyanin Market Introduction 2.1. Study Assumption and Market Definition 2.2. Scope of the Study 2.3. Executive Summary 3. Phycocyanin Market: Dynamics 3.1. Phycocyanin Market Trends by Region 3.1.1. North America Phycocyanin Market Trends 3.1.2. Europe Phycocyanin Market Trends 3.1.3. Asia Pacific Phycocyanin Market Trends 3.1.4. Middle East and Africa Phycocyanin Market Trends 3.1.5. South America Phycocyanin Market Trends 3.2. Phycocyanin Market Dynamics by Region 3.2.1. North America 3.2.1.1. North America Phycocyanin Market Drivers 3.2.1.2. North America Phycocyanin Market Restraints 3.2.1.3. North America Phycocyanin Market Opportunities 3.2.1.4. North America Phycocyanin Market Challenges 3.2.2. Europe 3.2.2.1. Europe Phycocyanin Market Drivers 3.2.2.2. Europe Phycocyanin Market Restraints 3.2.2.3. Europe Phycocyanin Market Opportunities 3.2.2.4. Europe Phycocyanin Market Challenges 3.2.3. Asia Pacific 3.2.3.1. Asia Pacific Phycocyanin Market Drivers 3.2.3.2. Asia Pacific Phycocyanin Market Restraints 3.2.3.3. Asia Pacific Phycocyanin Market Opportunities 3.2.3.4. Asia Pacific Phycocyanin Market Challenges 3.2.4. Middle East and Africa 3.2.4.1. Middle East and Africa Phycocyanin Market Drivers 3.2.4.2. Middle East and Africa Phycocyanin Market Restraints 3.2.4.3. Middle East and Africa Phycocyanin Market Opportunities 3.2.4.4. Middle East and Africa Phycocyanin Market Challenges 3.2.5. South America 3.2.5.1. South America Phycocyanin Market Drivers 3.2.5.2. South America Phycocyanin Market Restraints 3.2.5.3. South America Phycocyanin Market Opportunities 3.2.5.4. South America Phycocyanin Market Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Grade Roadmap 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Key Opinion Leader Analysis For Phycocyanin End User 3.8. Analysis of Government Schemes and Initiatives For Phycocyanin 3.9. The Global Pandemic Impact on Phycocyanin Market 4. Phycocyanin Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2022-2029) 4.1. Phycocyanin Market Size and Forecast, by Nature (2022-2029) 4.1.1. Organic 4.1.2. Conventional 4.2. Phycocyanin Market Size and Forecast, by Form (2022-2029) 4.2.1. Powder 4.2.2. Liquid 4.3. Phycocyanin Market Size and Forecast, by Grade (2022-2029) 4.3.1. Phycocyanin E18 4.3.2. Phycocyanin E25 4.3.3. Phycocyanin E3.0 4.4. Phycocyanin Market Size and Forecast, by Application (2022-2029) 4.4.1. Food & Beverages 4.4.2. Cosmetics & Personal Care 4.4.3. Nutraceuticals 4.4.4. Animal Feed 4.4.5. Aquaculture 4.5. Phycocyanin Market Size and Forecast, by Region (2022-2029) 4.5.1. North America 4.5.2. Europe 4.5.3. Asia Pacific 4.5.4. Middle East and Africa 4.5.5. South America 5. North America Phycocyanin Market Size and Forecast by Segmentation (by Value in USD Million) (2022-2029) 5.1. North America Phycocyanin Market Size and Forecast, by Nature (2022-2029) 5.1.1. Organic 5.1.2. Conventional 5.2. North America Phycocyanin Market Size and Forecast, by Form (2022-2029) 5.2.1. Powder 5.2.2. Liquid 5.3. North America Phycocyanin Market Size and Forecast, by Grade (2022-2029) 5.3.1. Phycocyanin E18 5.3.2. Phycocyanin E25 5.3.3. Phycocyanin E3.0 5.4. North America Phycocyanin Market Size and Forecast, by Application (2022-2029) 5.4.1. Food & Beverages 5.4.2. Cosmetics & Personal Care 5.4.3. Nutraceuticals 5.4.4. Animal Feed 5.4.5. Aquaculture 5.5. Phycocyanin Market Size and Forecast, by Country (2022-2029) 5.5.1. United States 5.5.1.1. United States Phycocyanin Market Size and Forecast, by Nature (2022-2029) 5.5.1.1.1. Organic 5.5.1.1.2. Conventional 5.5.1.2. United States Phycocyanin Market Size and Forecast, by Form (2022-2029) 5.5.1.2.1. Powder 5.5.1.2.2. Liquid 5.5.1.3. United States Phycocyanin Market Size and Forecast, by Grade (2022-2029) 5.5.1.3.1. Phycocyanin E18 5.5.1.3.2. Phycocyanin E25 5.5.1.3.3. Phycocyanin E3.0 5.5.1.4. United States Phycocyanin Market Size and Forecast, by Application (2022-2029) 5.5.1.4.1. Food & Beverages 5.5.1.4.2. Cosmetics & Personal Care 5.5.1.4.3. Nutraceuticals 5.5.1.4.4. Animal Feed 5.5.1.4.5. Aquaculture 5.5.2. Canada 5.5.2.1. Canada Phycocyanin Market Size and Forecast, by Nature (2022-2029) 5.5.2.1.1. Organic 5.5.2.1.2. Conventional 5.5.2.2. Canada Phycocyanin Market Size and Forecast, by Form (2022-2029) 5.5.2.2.1. Powder 5.5.2.2.2. Liquid 5.5.2.3. Canada Phycocyanin Market Size and Forecast, by Grade (2022-2029) 5.5.2.3.1. Phycocyanin E18 5.5.2.3.2. Phycocyanin E25 5.5.2.3.3. Phycocyanin E3.0 5.5.2.4. Canada Phycocyanin Market Size and Forecast, by Application (2022-2029) 5.5.2.4.1. Food & Beverages 5.5.2.4.2. Cosmetics & Personal Care 5.5.2.4.3. Nutraceuticals 5.5.2.4.4. Animal Feed 5.5.2.4.5. Aquaculture 5.5.3. Mexico 5.5.3.1. Mexico Phycocyanin Market Size and Forecast, by Nature (2022-2029) 5.5.3.1.1. Organic 5.5.3.1.2. Conventional 5.5.3.2. Mexico Phycocyanin Market Size and Forecast, by Form (2022-2029) 5.5.3.2.1. Powder 5.5.3.2.2. Liquid 5.5.3.3. Mexico Phycocyanin Market Size and Forecast, by Grade (2022-2029) 5.5.3.3.1. Phycocyanin E18 5.5.3.3.2. Phycocyanin E25 5.5.3.3.3. Phycocyanin E3.0 5.5.3.4. Mexico Phycocyanin Market Size and Forecast, by Application (2022-2029) 5.5.3.4.1. Food & Beverages 5.5.3.4.2. Cosmetics & Personal Care 5.5.3.4.3. Nutraceuticals 5.5.3.4.4. Animal Feed 5.5.3.4.5. Aquaculture 6. Europe Phycocyanin Market Size and Forecast by Segmentation (by Value in USD Million) (2022-2029) 6.1. Europe Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.2. Europe Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.3. Europe Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.4. Europe Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5. Europe Phycocyanin Market Size and Forecast, by Country (2022-2029) 6.5.1. United Kingdom 6.5.1.1. United Kingdom Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.1.2. United Kingdom Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.1.3. United Kingdom Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.1.4. United Kingdom Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5.2. France 6.5.2.1. France Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.2.2. France Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.2.3. France Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.2.4. France Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5.3. Germany 6.5.3.1. Germany Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.3.2. Germany Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.3.3. Germany Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.3.4. Germany Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5.4. Italy 6.5.4.1. Italy Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.4.2. Italy Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.4.3. Italy Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.4.4. Italy Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5.5. Spain 6.5.5.1. Spain Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.5.2. Spain Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.5.3. Spain Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.5.4. Spain Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5.6. Sweden 6.5.6.1. Sweden Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.6.2. Sweden Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.6.3. Sweden Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.6.4. Sweden Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5.7. Austria 6.5.7.1. Austria Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.7.2. Austria Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.7.3. Austria Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.7.4. Austria Phycocyanin Market Size and Forecast, by Application (2022-2029) 6.5.8. Rest of Europe 6.5.8.1. Rest of Europe Phycocyanin Market Size and Forecast, by Nature (2022-2029) 6.5.8.2. Rest of Europe Phycocyanin Market Size and Forecast, by Form (2022-2029) 6.5.8.3. Rest of Europe Phycocyanin Market Size and Forecast, by Grade (2022-2029) 6.5.8.4. Rest of Europe Phycocyanin Market Size and Forecast, by Application (2022-2029) 7. Asia Pacific Phycocyanin Market Size and Forecast by Segmentation (by Value in USD Million) (2022-2029) 7.1. Asia Pacific Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.2. Asia Pacific Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.3. Asia Pacific Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.4. Asia Pacific Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5. Asia Pacific Phycocyanin Market Size and Forecast, by Country (2022-2029) 7.5.1. China 7.5.1.1. China Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.1.2. China Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.1.3. China Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.1.4. China Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.2. S Korea 7.5.2.1. S Korea Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.2.2. S Korea Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.2.3. S Korea Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.2.4. S Korea Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.3. Japan 7.5.3.1. Japan Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.3.2. Japan Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.3.3. Japan Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.3.4. Japan Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.4. India 7.5.4.1. India Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.4.2. India Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.4.3. India Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.4.4. India Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.5. Australia 7.5.5.1. Australia Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.5.2. Australia Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.5.3. Australia Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.5.4. Australia Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.6. Indonesia 7.5.6.1. Indonesia Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.6.2. Indonesia Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.6.3. Indonesia Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.6.4. Indonesia Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.7. Malaysia 7.5.7.1. Malaysia Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.7.2. Malaysia Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.7.3. Malaysia Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.7.4. Malaysia Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.8. Vietnam 7.5.8.1. Vietnam Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.8.2. Vietnam Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.8.3. Vietnam Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.8.4. Vietnam Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.9. Taiwan 7.5.9.1. Taiwan Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.9.2. Taiwan Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.9.3. Taiwan Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.9.4. Taiwan Phycocyanin Market Size and Forecast, by Application (2022-2029) 7.5.10. Rest of Asia Pacific 7.5.10.1. Rest of Asia Pacific Phycocyanin Market Size and Forecast, by Nature (2022-2029) 7.5.10.2. Rest of Asia Pacific Phycocyanin Market Size and Forecast, by Form (2022-2029) 7.5.10.3. Rest of Asia Pacific Phycocyanin Market Size and Forecast, by Grade (2022-2029) 7.5.10.4. Rest of Asia Pacific Phycocyanin Market Size and Forecast, by Application (2022-2029) 8. Middle East and Africa Phycocyanin Market Size and Forecast by Segmentation (by Value in USD Million) (2022-2029 8.1. Middle East and Africa Phycocyanin Market Size and Forecast, by Nature (2022-2029) 8.2. Middle East and Africa Phycocyanin Market Size and Forecast, by Form (2022-2029) 8.3. Middle East and Africa Phycocyanin Market Size and Forecast, by Grade (2022-2029) 8.4. Middle East and Africa Phycocyanin Market Size and Forecast, by Application (2022-2029) 8.5. Middle East and Africa Phycocyanin Market Size and Forecast, by Country (2022-2029) 8.5.1. South Africa 8.5.1.1. South Africa Phycocyanin Market Size and Forecast, by Nature (2022-2029) 8.5.1.2. South Africa Phycocyanin Market Size and Forecast, by Form (2022-2029) 8.5.1.3. South Africa Phycocyanin Market Size and Forecast, by Grade (2022-2029) 8.5.1.4. South Africa Phycocyanin Market Size and Forecast, by Application (2022-2029) 8.5.2. GCC 8.5.2.1. GCC Phycocyanin Market Size and Forecast, by Nature (2022-2029) 8.5.2.2. GCC Phycocyanin Market Size and Forecast, by Form (2022-2029) 8.5.2.3. GCC Phycocyanin Market Size and Forecast, by Grade (2022-2029) 8.5.2.4. GCC Phycocyanin Market Size and Forecast, by Application (2022-2029) 8.5.3. Nigeria 8.5.3.1. Nigeria Phycocyanin Market Size and Forecast, by Nature (2022-2029) 8.5.3.2. Nigeria Phycocyanin Market Size and Forecast, by Form (2022-2029) 8.5.3.3. Nigeria Phycocyanin Market Size and Forecast, by Grade (2022-2029) 8.5.3.4. Nigeria Phycocyanin Market Size and Forecast, by Application (2022-2029) 8.5.4. Rest of ME&A 8.5.4.1. Rest of ME&A Phycocyanin Market Size and Forecast, by Nature (2022-2029) 8.5.4.2. Rest of ME&A Phycocyanin Market Size and Forecast, by Form (2022-2029) 8.5.4.3. Rest of ME&A Phycocyanin Market Size and Forecast, by Grade (2022-2029) 8.5.4.4. Rest of ME&A Phycocyanin Market Size and Forecast, by Application (2022-2029) 9. South America Phycocyanin Market Size and Forecast by Segmentation (by Value in USD Million) (2022-2029 9.1. South America Phycocyanin Market Size and Forecast, by Nature (2022-2029) 9.2. South America Phycocyanin Market Size and Forecast, by Form (2022-2029) 9.3. South America Phycocyanin Market Size and Forecast, by Grade (2022-2029) 9.4. South America Phycocyanin Market Size and Forecast, by Application (2022-2029) 9.5. South America Phycocyanin Market Size and Forecast, by Country (2022-2029) 9.5.1. Brazil 9.5.1.1. Brazil Phycocyanin Market Size and Forecast, by Nature (2022-2029) 9.5.1.2. Brazil Phycocyanin Market Size and Forecast, by Form (2022-2029) 9.5.1.3. Brazil Phycocyanin Market Size and Forecast, by Grade (2022-2029) 9.5.1.4. Brazil Phycocyanin Market Size and Forecast, by Application (2022-2029) 9.5.2. Argentina 9.5.2.1. Argentina Phycocyanin Market Size and Forecast, by Nature (2022-2029) 9.5.2.2. Argentina Phycocyanin Market Size and Forecast, by Form (2022-2029) 9.5.2.3. Argentina Phycocyanin Market Size and Forecast, by Grade (2022-2029) 9.5.2.4. Argentina Phycocyanin Market Size and Forecast, by Application (2022-2029) 9.5.3. Rest Of South America 9.5.3.1. Rest Of South America Phycocyanin Market Size and Forecast, by Nature (2022-2029) 9.5.3.2. Rest Of South America Phycocyanin Market Size and Forecast, by Form (2022-2029) 9.5.3.3. Rest Of South America Phycocyanin Market Size and Forecast, by Grade (2022-2029) 9.5.3.4. Rest Of South America Phycocyanin Market Size and Forecast, by Application (2022-2029) 10. Global Phycocyanin Market: Competitive Landscape 10.1. MMR Competition Matrix 10.2. Competitive Landscape 10.3. Key Players Benchmarking 10.3.1. Company Name 10.3.2. Service Segment 10.3.3. End-user Segment 10.3.4. Revenue (2022) 10.3.5. Company Locations 10.4. Leading Phycocyanin Market Companies, by Market Capitalization 10.5. Market Structure 10.5.1. Market Leaders 10.5.2. Market Followers 10.5.3. Emerging Players 10.6. Mergers and Acquisitions Details 11. Company Profile: Key Players 11.1. DIC Corporation Tokyo, Japan 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Scale of Operation (Small, Medium, and Large) 11.1.7. Details on Partnership 11.1.8. Regulatory Accreditations and Certifications Received by Them 11.1.9. Awards Received by the Firm 11.1.10. Recent Developments 11.2. Cyanotech Corporation, Hawaii, US 11.3. Sensient Technologies Corporation, Wisconsin, US 11.4. Algorigin USA, California, US 11.5. Earthrise Nutritionals, California, US 11.6. Parry Nutraceuticals, Arizona, US 11.7. Algatech, Israel 11.8. Farmaespaña, Spain 11.9. Algenics, France 11.10. VHB Herbs, Bulgaria 11.11. GNT Group, Germany 11.12. Far East Bio-Tec Co., Ltd., Taiwan 11.13. Fraken Biochem Co., Ltd, Shandong, China 11.14. Kingherbs Limited, Hunan, China 11.15. Yunnan Green A Biological Project Co., Yunnan, China 12. Key Findings 13. End User Recommendations