<span lang="EN-IN" calibri","sans-serif";mso-ascii-theme-font:minor-latin;="" mso-fareast-font-family:calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:="" minor-latin;mso-bidi-theme-font:minor-latin;color:black;mso-themecolor:text1;="" mso-fareast-language:en-us;mso-bidi-language:ar-sa"="" style="box-sizing: border-box;">Phycocyanin Market Report Coverage
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">The report: “<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market Forecast (2021-2026)<span lang="EN-IN" calibri","sans-serif";mso-ascii-theme-font:minor-latin;="" mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;color:black;="" mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">”, by Industry ARC, covers an in-depth analysis of the following segments of the <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market.
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Key Takeaways
- <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">Asia-Pacific dominated the Phycocyanin Market in 2020 owing to presence of local and regional players in this region coupled with changing lifestyle of the people. The Phycocyanin Market scope for different regions will be provided in the final report.
- <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">Increasing awareness among consumers about toxic effects of artificial colors in food and beverages is set to aid the market growth of the Phycocyanin Market report.
- <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Phycocyanin Market report.
- <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">High price of phycocyanin natural colour and risk of algae contamination is poised to create the hurdles for the Phycocyanin Market.
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">
<span lang="EN-IN" calibri","sans-serif";mso-ascii-theme-font:minor-latin;="" mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;color:black;="" mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market <span lang="EN-IN" calibri","sans-serif";mso-ascii-theme-font:minor-latin;="" mso-fareast-font-family:calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:="" minor-latin;mso-bidi-theme-font:minor-latin;color:black;mso-themecolor:text1;="" mso-fareast-language:en-us;mso-bidi-language:ar-sa"="" style="box-sizing: border-box;">Revenue Share, By Geography, 2020(%)
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">For More Details on This Report - Request for Sample
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market Segment Analysis – By Nature
Based on nature, the Phycocyanin market is segmented into organic and conventional. Conventional held the largest share in the Phycocyanin market in 2020. Conventional phycocyanin is cost effective compare to organic phycocyanin and also it provides fast results also it provides improve immune function, and comprehensively enhance the disease resistance of the body thereby increasing Phycocyanin market. However, organic is estimated to register higher CAGR of 8.9% during the forecast period 2021-2026 owing to rising demand for vegan, organic and non-genetically modified organism (?GMO) products.
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market Segment Analysis – By Application<span calibri","sans-serif";mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:="" minor-latin;mso-bidi-theme-font:minor-latin"="" style="box-sizing: border-box;">
Based on application, the Phycocyanin market is segmented into Food and Beverage, Nutraceuticals, Pharmaceuticals, Cosmetics and Personal Care, and others. Food and Beverages held the largest share in the Phycocyanin market in 2020. Phycocyanin is widely used by food and beverage manufacturers as natural blue color pigment in products such as confectioneries, ice-cream and beverages also it provides more stability to other natural blue colorants. Moreover, growing awareness about health issues associated with the use of synthetic colorants in beverages <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">thereby increasing Phycocyanin market. However, cosmetics and personal care, <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">is estimated to register higher CAGR of 9.1% during the forecast period 2021-2026 owing to rising demand of phycocyanin in cosmetics industry as it possesses anti-oxidant, hydrating, and anti-allergic properties, as well as the ability to reduce inflammation and remove spots.<span lang="EN-IN" calibri","sans-serif";mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:="" minor-latin;mso-bidi-font-family:"times="" new="" roman";mso-bidi-theme-font:minor-bidi;="" font-weight:normal"="" style="box-sizing: border-box;">
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market Segment Analysis – By Geography
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">Asia-Pacific dominated the Phycocyanin market with a major share of 32% in 2020. This is attributed to growing number of key manufacturers in food and beverage industry in this region coupled with rising spending capacity of the people. Moreover, increasing awareness about toxic effect of synthetic colors among the people in this region leads to rise in health consciousness among the people. <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:="" "times="" new="" roman";mso-bidi-theme-font:minor-bidi;color:black;mso-themecolor:="" text1;font-weight:normal;mso-bidi-font-weight:bold"="" style="box-sizing: border-box;">Furthermore, changing lifestyle of the people and rising disposable income of the people which are contributing to the growth of the market in this region.<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market Drivers
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Changing <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Preference of Consumers Towards Natural Colors
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">Increasing <span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;mso-bidi-font-weight:normal"="" style="box-sizing: border-box;">Application of Phycocyanin in Various Industries
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Phycocyanin Market Challenges
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">High Cost
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">Major factor that is set to impede the growth of the Phycocyanin market is high cost of phycocyanin. This is a<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">nother factor that hampers the growth of market which is risk of algae contamination.
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1"="" style="box-sizing: border-box;">Market Landscape
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Phycocyanin Market. In 2020, the Phycocyanin Market share is consolidated by the top ten players present in the market. The Phycocyanin Market, top 10 companies are, Naturex, BlueBioTech Int. GmbH, Japan Algae Co., Ltd., Dongtai City Spirulina Bio-engineering Co., Ltd., GNT Group B.V., Parry Nutraceuticals, Tianjin Norland Biotech Co., Ltd., AlgoSource, Wellisen Nutraceuticals and Sensient Technologies Corporation
<span lang="EN-IN" calibri","sans-serif";="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:black;mso-themecolor:text1;mso-bidi-font-weight:normal"="" style="box-sizing: border-box;">Development:
- <span lang="EN-IN" calibri","sans-serif";mso-ascii-theme-font:minor-latin;="" mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;color:black;="" mso-themecolor:text1;font-weight:normal"="" style="box-sizing: border-box;">In January 2020, DIC Corporation launched the plant-derived blue colorant “Linablue” which is a vibrant food coloring that is extracted with water from Spirulina.
<span lang="EN-IN" times="" new="" roman";="" mso-bidi-font-family:calibri;mso-bidi-theme-font:minor-latin;color:black;="" mso-themecolor:text1;mso-fareast-language:en-in;mso-bidi-language:hi"="" style="box-sizing: border-box;">Relevant Titles:
