Extensive evaluation of Global Phycocyanin Market 2019-2026, underscoring product values, growing demand, considerable revenue, and escalating CAGR.
The global Phycocyanin Market 2019 is comprehensively and Insightful information in the report, taking into consideration various factors such as competition, regional growth, segmentation, and Phycocyanin Market size by value and volume. This is an excellent research study specially compiled to provide the latest insights into critical aspects of the Phycocyanin market. The report includes different market forecasts related to market size, production, revenue, consumption, CAGR, gross margin, price, and other key factors. It is prepared with the use of industry-best primary and secondary research methodologies and tools.
In this report,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).
Phycocyanin can be divided into three categories: food grade, cosmetic grade and pharmaceutical grade. Food Grade type accounted for the highest proportion in 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 paied 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, accounted 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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Top Companies Covered in the report: DIC, Japan Algae, Parry Nutraceuticals, Ozone Naturals, EcoFuel Laboratories, Nan Pao International Biotech, King Dnarmsa Spirulina, Zhejiang Binmei Biotechnology, Wuli Lvqi, Norland.
By the product type, the market is primarily split into: Food Grade, Cosmetic Grade, Pharmaceutical Grade
By the end-users/application, this report covers the following segments: Natural Food Colorant, Pharmaceutical Industry
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Be the Santa of your Happy Business!The main sources are mainly industry experts in the core and related industries and manufacturers involved in all sectors of the industry supply chain. The bottom-up approach is used to plan the market size of Phycocyanin based on the end-user industry and region in terms of value. With the help of data, we support the primary market through the three-dimensional survey procedure and the first interview and data verification through expert telephone, determine the individual market share and size and confirm with this study.
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Regions covered in the market report: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The Objective of the Study:
1)To study and forecast the market size of Phycocyanin in Global
2)To analyze the global key players, SWOT analysis, value and Global Phycocyanin Market share for top players.
3)To identify significant trends and factors driving or constraining the growth of the market.
4)To analyze competitive developments such as extensions, contracts, new product launches, mergers, and acquisitions in the market
5)To strategically analyze each sub-market in regards to the individual growth trends and their influence in the Phycocyanin Market.
Some of the major questions are answered:
1)What are the different types of Phycocyanin Market?
2)What are the market trends and major development patterns equipment’s and products?
3)Who are the key industry pioneers and what is their overall share in the global Phycocyanin Market?
4)What are the multiple used case scenarios considered under various end-users and applications for the market?
5)What are the different sales, marketing, and distribution channels in the global industry?
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Our experts and analysts evaluate the vendors in the Phycocyanin market and provide understandings to articulate current and future market trends, innovation, customer expectations and competitive forces. The overviews, SWOT analysis and strategies of each vendor in the market provide understanding about the Phycocyanin market forces and how those can be oppressed to create future opportunities.
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