Global
Phycocyanin Market: Overview
Phycocyanin
is a pigment-protein complex obtained from the phycobiliprotein
family, along with allophycocyanin and phycoerythrin. Phycocyanin is
one of the key pigment in the chlorophyll. Phycocyanin is
water-soluble pigment proteins that conglomerates with
phycobiliproteins conglomerates, which stick to phycobilisomes.
C-phycocyanin a phycobiliprotein, is one of the primary pigments of
spirulina used as a dietary supplement worldwide. It also find its
use in the development of immunoassay kit to study phycocyanin use as
a light harvesting protein. Apart from its application nutraceutical,
cosmetics, and pharmaceutical industries owing to its health
benefits, phycocyanin pigment has natural colorant properties. Now a
days due to increasing inclination of the consumers towards natural
products and rising awareness for the harmful effects of synthetic
compounds has led to exhaustive research on microalgae as a source of
natural pigments/colours. Thus, fuelling the global
phycocyanin market
growth worldwide.
Global
Phycocyanin Market: Drivers and Restraints
The
one of the major drivers for the global phycocyanin market are the
growing demand for the natural colourants especially in the Western
Europe region as artificial colourants or dyes are totally banned in
Europe. Also, FDA approval for the spirullina in U.S market drives
high opportunity for the phycocyanin market in the U.S. As, the
production cost of the parent product spirulina microalgae is also
very economical, phycocyanin pigments are finding increased
application in food supplements, nutraceuticals, pharmaceuticals,
cosmetics and in dietary supplements products such as fermented milk
products, ice creams, soft drinks, chewing gum, alcoholic drinks,
desserts, sweet cake decoration, milk shakes etc. There are few
restraints also to the phycocyanin market as its production is wholly
dependent on environmental factors it requires ponds, lakes, water
bodies, sand, and air to be clean and pure as per the production
specifications. Also, the product is highly temperature sensitive and
any change in the desired environmental conditions can destroy the
whole product.
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Global
Phycocyanin Market: Segmentation
On
the basis of product type, phycocyanin market is segmented into:-
- Lyophilized powder
- Natural colour pigment
- On the basis of extraction type, phycocyanin market is segmented into:-
- Ammonium sulphate precipitation
- ion-exchange chromatography
- Gel filtration chromatography
On
the basis of Application, phycocyanin market is segmented into:-
- Food Industry
- Dietary supplements:
- Cosmetic Industry
- Pharmaceutical Industry
- Chemicals
Global
Phycocyanin Market: Region wise Outlook
The
global phycocyanin market is divided into seven regions, namely North
America, Latin America, Asia Pacific excluding Japan (APEJ), Western
Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In
North America region U. S. is the largest manufacturer for the
phycocyanin colourants market, followed by APEJ region. In the APEJ
region, India and china are the major producers of phycocyanin
colourants in the phycocyanin market showing a significant growth as
of the high demand for natural colorants in the region followed by
Japan. In the other regions such as Western and Eastern Europe, the
phycocyanin market is anticipated top record steady growth during the
forecast period.
Global
Phycocyanin Market: Key Players
Some
of the prominent players identified in the global phycocyanin market
includes:
- Earthrise Nutritional.
- Dainippon Ink and Chemicals
- Japan Algae Co., Ltd
- Parry Nutraceuticals
- Prozyme
- Ozone Naturals
- Hash BioTech Labs Private Limited
- EcoFuel Laboratories
- Nan Pao International Biotech
- Parry Nutraceuticals
- Norland Biotech
- Fuqing King Dnarmsa Spirulina
- Sigma-Aldrich Co. LLC.
- Xian Sonwu Biotech Co., Ltd.
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