Industry Overview of Phycocyanin Market
The global Phycocyanin market research report studies market overview definition, types, applications latest trends to identify the revenues and the progress of the market over the forecast period. The report offers preventive and premeditated management along with emphasizes the summary of the global Phycocyanin market along with classifications and market chain structures. It also highlights authorized statistics of the global Phycocyanin market.
In this report, the global Phycocyanin Market will reach 66.25 Million USD by the end of 2022 with a CAGR of 15.35%
The global Phycocyanin market is valued at 32.44 Million USD in 2017 and will reach 66.25 Million USD by the end of 2022, growing at a CAGR of 15.35% during 2017-2022.
Phycocyanin is a pigment-protein complex from the light-harvesting phycobiliprotein family, along with allophycocyanin and phycoerythrin. It is an accessory pigment to chlorophyll. All phycobiliproteins are water-soluble, so they cannot exist within the membrane-like carotenoids can. Instead, phycobiliproteins aggregate to form clusters that adhere to the membrane called phycobilisomes.
Phycocyanin is a characteristic light blue color, absorbing orange and red light, particularly near 620 nm (depending on which specific type it is), and emits fluorescence at about 650 nm (also depending on which type it is). Allophycocyanin absorbs and emits at longer wavelengths than phycocyanin C or phycocyanin R. Phycocyanins are found in Cyanobacteria (also called blue-green algae).
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Phycocyanin can be divided into three categories: food grade, cosmetic grade, and pharmaceutical grade. Food Grade type accounted for the highest proportion in the sales market, with a figure of 68.03% in 2017, followed by Pharmaceutical Grade, account for 25.84% and cosmetic grade account for 6.13%.
In 2013, the Federal Food approve phycocyanin as color additives used in food, the application into the natural food colorant is paying much attention, and many companies begin to put much more investments into the phycocyanin industry. The market share of natural food colorant rose from 65.11% in 2012 to 85.93% in 2017
AMR center data shows that North America is the biggest contributor to the Phycocyanin revenue market, accounting for 54.28% of the total global market with a revenue of 17.61 million USD in 2017, followed by Europe, 28.27% with a revenue of 9.17 million USD.
DIC is the largest company in the global Phycocyanin market, accounted for 46.52% of the revenue market share in 2017, followed by King Dnarmsa Spirulina and Parry Nutraceuticals, accounted for 15.88% and 5.27% of the revenue market share in 2017.
The Phycocyanin industry is not concentrated, these manufacturers range from large multinational corporations to small privately-owned companies compete in this industry. The top five producers account for above 75 % of the revenue market.
Phycocyanin Market
The research methodology of the market involves both primary as well as secondary research data sources. It commits different factors affecting the Phycocyanin industry such as market environment, various policies of the government, past data and market trends, technological advancements, upcoming innovations, market risk factors, market restraints, and challenges in the industry.
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Manufacturer Detail: DIC, Japan Algae, Parry Nutraceuticals, Ozone Naturals, EcoFuel Laboratories, Nan Pao International Biotech, King Dnarmsa Spirulina, Zhejiang Binmei Biotechnology, Wuli Lvqi, Norland
Product Type Segmentation: Food Grade, Cosmetic Grade, Pharmaceutical Grade
Industry Segmentation: Natural Food Colorant, Pharmaceutical Industry
The fundamental purpose of this Phycocyanin market report is to provide a correct and strategic analysis of the Profile Projectors industry. The report scrutinizes each segment and sub-segments presents before you a 360-degree view of the said market. It provides a deep insight into the industry parameters by accessing the market growth, consumption volume, the upcoming market trends, and the different price variation for the forecast year.
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Improvement approaches and plans are examined just as assembling procedures and cost structures are additionally investigated. This report likewise states import/trade utilization, free market activity Figures, cost, value, income, and gross edges. The report centers around Global real driving Phycocyanin Industry players giving data, for example, organization profiles, item picture and determination, limit, generation, value, cost, income, and contact data.
The report grants knowledge on the accompanying pointers:
– Market Penetration: Comprehensive data on the items collection of the top players in the Phycocyanin market.
– Product Development/Innovation: Detailed knowledge on the forthcoming advances, R&D actions, and product dispatches in the Phycocyanin market
– Competitive Assessment: top to the bottom appraisal of the market systems, geographic and business sections of the main players in the Phycocyanin market
– Market Development: Comprehensive data about developing markets. This report breaks down the market for a different area overall topographies
– Market Diversification: Exhaustive data about new items, undiscovered topographies, late advancements, and capital exposures in the Phycocyanin market
With tables and figures broken down on the worldwide Global Phycocyanin market, this research gives key measurements on the condition of the business and is a profitable wellspring in direction and course for organizations and people intrigued by the market.
For compiling the report, data has been derived from a number of paid and unpaid sources such as presentations, white papers, journals, and press releases. It offers in-depth information obtained through extensive primary and secondary research methods. The information has been further assessed using various effective analytical tools. Therefore, the report provides a 360-degree view of the market.
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At last, It includes the methodical description of the various factors such as the Phycocyanin market growth and detailed information about the different company’s revenue, growth, technological developments, production, and the various other strategic developments.
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