The global Phycocyanin Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Nature (Organic, Conventional), By Form (Powder, Liquid), By Grade (Phycocyanin E18, Phycocyanin E25, Phycocyanin E30), By End-User (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Animal Feed, Others).
The phycocyanin market in 2024 experiences growth driven by the increasing demand for natural blue pigments, nutritional supplements, and functional ingredients derived from spirulina and other cyanobacteria sources. Phycocyanin is a natural blue pigment with antioxidant, anti-inflammatory, and health-promoting properties, making it popular in food and beverage, cosmetics, and pharmaceutical industries. With rising consumer awareness of natural ingredients, plant-based products, and health benefits, the phycocyanin market witnesses applications in functional foods, nutraceuticals, skincare products, and natural colorants. The market is characterized by sustainable sourcing practices, clean-label trends, and research advancements in phycocyanin extraction, purification, and formulation, driving market growth and product innovation across various sectors.
The market report analyses the leading companies in the industry including AlgoSource, Arthrise Nutritionals LLC, Bluetec Naturals Co. Ltd, Cyanotech Corp, DIC Corp, Givaudan Sense Colour, Japan Algae Co. Ltd, PARRY Nutraceuticals, Phyco-Biotech.
The most prominent trend in the Phycocyanin market is the increasing demand for natural blue pigments derived from algae. With growing consumer preference for natural and plant-based ingredients in food, cosmetics, and pharmaceutical products, phycocyanin, a blue pigment extracted from cyanobacteria and algae, has gained popularity as a natural coloring agent. This trend includes the use of phycocyanin in various applications such as food and beverage coloring, cosmetics formulations, nutraceutical supplements, and research in biomedical imaging, driving market growth in the phycocyanin industry.
A significant driver for the Phycocyanin market is the health and wellness trends that promote the consumption of natural, functional ingredients with potential health benefits. Phycocyanin is recognized for its antioxidant properties, anti-inflammatory effects, and potential applications in supporting immune health, which align with consumer preferences for functional foods and supplements. Factors such as increasing awareness of the health benefits of algae-based products, rising demand for natural food colors, and the expansion of the nutraceutical industry contribute to the market growth of phycocyanin as a natural blue pigment.
One potential opportunity in the Phycocyanin market lies in innovation and the development of new products and formulations using phycocyanin. Collaborating with food manufacturers, cosmetic companies, and pharmaceutical firms presents opportunities to create phycocyanin-infused products such as natural blue food dyes, cosmetic pigments, dietary supplements, and functional beverages. Capitalizing on this opportunity involves exploring the diverse applications of phycocyanin, optimizing extraction methods, enhancing product stability, and conducting research on its potential health benefits to create value-added offerings that meet market demand for natural, sustainable, and health-promoting ingredients derived from algae.
The Phycocyanin Market is emerging as one of the fastest-growing segments in the natural pigment industry, propelled by a confluence of factors driving demand across diverse sectors. The market's growth is notably fueled by the rising preference for organic and natural products, leading to a surge in demand for organic phycocyanin variants. This preference aligns with shifting consumer trends toward healthier lifestyles and sustainable choices, boosting the market for organic phycocyanin, known for its purity and nutritional value. Additionally, the versatility of phycocyanin is a significant driver, with applications spanning across multiple industries. In the food and beverages sector, phycocyanin serves as a natural blue colorant, meeting the demand for clean-label ingredients in various products such as confectionery, beverages, and dairy. The personal care and cosmetics industry leverage phycocyanin for its antioxidant and anti-inflammatory properties, catering to the growing demand for natural and wellness-focused skincare products. Furthermore, the pharmaceutical and animal feed sectors are increasingly adopting phycocyanin for its health benefits, driving further market expansion. With diverse applications, a shift toward organic products, and growing awareness of its nutritional and functional properties, the Phycocyanin Market is on a trajectory of rapid growth, poised to capitalize on evolving consumer preferences and industry demands.
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
OthersGeographical Analysis
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
AlgoSource
Arthrise Nutritionals LLC
Bluetec Naturals Co. Ltd
Cyanotech Corp
DIC Corp
Givaudan Sense Colour
Japan Algae Co. Ltd
PARRY Nutraceuticals
Phyco-Biotech*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Phycocyanin Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Phycocyanin Market Size Outlook, $ Million, 2021 to 2030
3.2 Phycocyanin Market Outlook by Type, $ Million, 2021 to 2030
3.3 Phycocyanin Market Outlook by Product, $ Million, 2021 to 2030
3.4 Phycocyanin Market Outlook by Application, $ Million, 2021 to 2030
3.5 Phycocyanin Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Phycocyanin Industry
4.2 Key Market Trends in Phycocyanin Industry
4.3 Potential Opportunities in Phycocyanin Industry
4.4 Key Challenges in Phycocyanin Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Phycocyanin Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Phycocyanin Market Outlook by Segments
7.1 Phycocyanin Market Outlook by Segments, $ Million, 2021- 2030
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others
8 North America Phycocyanin Market Analysis and Outlook To 2030
8.1 Introduction to North America Phycocyanin Markets in 2024
8.2 North America Phycocyanin Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Phycocyanin Market size Outlook by Segments, 2021-2030
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others
9 Europe Phycocyanin Market Analysis and Outlook To 2030
9.1 Introduction to Europe Phycocyanin Markets in 2024
9.2 Europe Phycocyanin Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Phycocyanin Market Size Outlook by Segments, 2021-2030
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others
10 Asia Pacific Phycocyanin Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Phycocyanin Markets in 2024
10.2 Asia Pacific Phycocyanin Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Phycocyanin Market size Outlook by Segments, 2021-2030
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others
11 South America Phycocyanin Market Analysis and Outlook To 2030
11.1 Introduction to South America Phycocyanin Markets in 2024
11.2 South America Phycocyanin Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Phycocyanin Market size Outlook by Segments, 2021-2030
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others
12 Middle East and Africa Phycocyanin Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Phycocyanin Markets in 2024
12.2 Middle East and Africa Phycocyanin Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Phycocyanin Market size Outlook by Segments, 2021-2030
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others 13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AlgoSource
Arthrise Nutritionals LLC
Bluetec Naturals Co. Ltd
Cyanotech Corp
DIC Corp
Givaudan Sense Colour
Japan Algae Co. Ltd
PARRY Nutraceuticals
Phyco-Biotech
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Nature
Organic
Conventional
By Form
Powder
Liquid
By Grade
Phycocyanin E18
Phycocyanin E25
Phycocyanin E30
By End-User
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Phycocyanin Market is forecast to register a CAGR of 8.8% from 211.6 Million in 2024 to $351 Million in 2030 driven by new product launches by companies
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AlgoSource, Arthrise Nutritionals LLC, Bluetec Naturals Co. Ltd, Cyanotech Corp, DIC Corp, Givaudan Sense Colour, Japan Algae Co. Ltd, PARRY Nutraceuticals, Phyco-Biotech
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume