Global Phycocyanin Market Research Report 2021

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).
In the coming years there is an increasing demand for Phycocyanin in the regions of North America, Europe and Asia-Pacific, which is expected to drive the market for more Phycocyanin. Growth is attributed to the development of economic.

The global Phycocyanin market was valued at US$ 44 million in 2019 and is expected to reach US$ 121 million by the end of 2026, growing at a CAGR of 15.4% during 2021-2026.
This report focuses on Phycocyanin volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Phycocyanin market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Phycocyanin Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Food Grade
Cosmetic Grade
Pharmaceutical Grade

Segment by Application
Natural Food Colorant
Pharmaceutical Industry

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
DIC
Japan Algae
Parry Nutraceuticals
Ozone Naturals
EcoFuel Laboratories
Nan Pao International Biotech
King Dnarmsa Spirulina
Zhejiang Binmei Biotechnology
Wuli Lvqi
Norland