The Phycocyanin market report defines and briefs readers about its products, applications, and specifications. The research lists key companies operating in the market and also highlights the key changing course adopted by the companies to maintain their strength. By using SWOT analysis and Porter’s five force analysis tools, the strengths, weaknesses, opportunities, and commination of key companies are altogether referenced in the report. Every single leading player in this global market is profiled with details such as product types, business overview, sales, manufacturing base, contestant, applications, and specifications.
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.
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Phycocyanin Market has witnessed continuous growth within the past few years and is projected to grow even more throughout the forecast. The analysis presents a whole assessment of the market and contains Future trends, Current Growth Factors, attentive opinions, facts, historical information, and statistically supported and trade valid market information.
The Global Phycocyanin Market Can Be Segmented As
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
This blanket Phycocyanin research report includes a close on these trends, share, size which will facilitate the companies in operation within the trade to work out the market and strategize for his or her business development consequently. The analysis report analyses the expansion, market size, key segments, trade share, application, and key drivers.
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Phycocyanin Market Research Methodology:
This study estimates it provides a detailed qualitative and quantitative analysis of the Phycocyanin market. Primary sources, such as experts from related industries and suppliers of Phycocyanin were interviewed to obtain and verify critical information and assess prospects of the Phycocyanin market
Key players within the Phycocyanin market are known through secondary analysis, and their market shares are determined through primary and secondary analysis. All activity shares split, and breakdowns are resolute victimization secondary sources and verified primary sources. The Phycocyanin Market report begins with a basic summary of the trade lifecycle, definitions, classifications, applications, and trade chain structure and every one these along can facilitate leading players to perceive the scope of the Market, what characteristics it offers and the way it’ll fulfill customer’s needs.
By Company Profile, Product Image and Specification, Product Application Analysis, Production Capability, Price Cost, Production Value, Contact Data is Include in this research report.
What Phycocyanin Market report offers:
•Phycocyanin Market share assessments for the regional and country-level segments
•Market share analysis of the highest trade players
•Phycocyanin Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
•Strategic recommendations in key business segments supported the market estimations
The Report Answers Following Questions:
•Over successive few years, that Phycocyanin application segments can perform well?
•Within which market, the businesses ought to establish a presence?
•However, the various product segments are growing?
•What are the market restraints which will threaten the growth rate?
•However, market share changes their values by completely different producing brands?
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The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
In the end, the Phycocyanin Market Report delivers a conclusion which includes Breakdown and Data Triangulation, Consumer Needs/Customer Preference Change, Research Findings, Market Size Estimation, Data Source. These factors will increase the business overall.
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