Phycobiliprotein are water-soluble proteins present in cyanobacteria and certain algae, for example rhodophytes, cryptomonads, glaucocystophytes, that capture light energy, which is then passed on to chlorophylls during photosynthesis. Phycobiliproteins are formed of a complex between proteins and covalently bound phycobilins that act as chromophores. They are most important constituents of the phycobilisomes.
Due to the COVID-19 pandemic, the global Phycobiliprotein market size is estimated to be worth US$ 91 million in 2022 and is forecast to a readjusted size of US$ 290.2 million by 2028 with a CAGR of 21.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Food Grade accounting for % of the Phycobiliprotein global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Natural Food Colorant segment is altered to an % CAGR throughout this forecast period.
Global Phycobiliprotein key players include DIC Corporation, King Dnarmsa Spirulina, Zhejiang Binmei Biotechnology, Parry Nutraceuticals, etc. Global top four manufacturers hold a share over 60%.
North America is the largest market, with a share over 40%, followed by China, and India, both have a share about 45 percent.
In terms of product, Food Grade is the largest segment, with a share about 90%. And in terms of application, the largest application is Natural Food Colorant, followed by Dietary Supplement, Cosmetics, etc.
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast 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
Segment by Application
- Natural Food Colorant
- Dietary Supplement
- DIC Corporation
- King Dnarmsa Spirulina
- Zhejiang Binmei Biotechnology
- Parry Nutraceuticals
- Nan Pao International Biotech
- Japan Algae
- Wuli Lvqi
- Ozone Naturals
- Norland Biotech
Production by Region
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
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