In 2022, the global phycocyanin market acquired a valuation of USD 754.40 million. With consumers gravitating towards natural food-grade substances, the market is expected to reach a sum of USD 1,487.7 million, garnering a CAGR of 7% during the forecast period 2023 to 2033.
It is anticipated that there would be an increased use of phycocyanin in the production of nutritional supplements, nutraceuticals, as well as medicinal goods.
The usage of spirulina as a very nutritious food source, coloring ingredient, as well as consumer awareness of the health risks associated with synthetic colors, are other factors contributing to the market's rise over the projected period.
Children's hyperactivity, cancer, and severe allergies are just a few of the harmful negative effects of consuming synthetic colors in food and beverages. With phycocyanin, consumers can effectively eliminate these risks and consume their food without further risks.
The food and beverage sector is seeing significant growth thanks to the nutritional and coloring benefits of phycocyanin, which is derived from spirulina.
The import and export of goods containing artificial food colors is prohibited in many nations, which is helping the phycocyanin business expand. For instance, the artificial food color Allura red AC is prohibited in Denmark, France, Belgium, and Switzerland.
The revenue of the phycocyanin market is also anticipated to grow over the forecast period due to a rise in product launches related to organic and natural food colors.
For instance, the food colorant manufacturer DDW Inc. has introduced a new blue phycocyanin liquid with up to 40% better light stability.
The expensive cost of natural colors, their purification as well as extraction processes, as well as the potential for algal contamination, are likely to enhance the market expansion over the next ten years.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 754.40 million |
| Expected Market Value (2023) | USD 785 million |
| Projected Forecast Value (2033) | USD 1,487.7 million |
| Anticipated Growth Rate (2023 to 2033) | 7% CAGR |
During the historical period of 2018 to 2022, the global phycocyanin market experienced expansion at a CAGR of 2.7%. By the end of 2018, this market was valued at USD 678.8 million.
The pigment is mostly utilized in the food sector as a natural coloring additive. The United States Food and Drug Administration (FDA) has given its usage as a food coloring additive its approval. This naturally occurring pigment has antioxidant action in vitro and in vivo, qualifying it for usage as a nutraceutical ingredient.
It has a variety of pharmacological effects and is frequently used as a dietary supplement for nutrition. It is also frequently employed as a natural blue dye for industrial purposes in the food and cosmetics sectors. In 2022, as a result of these developments, the growth of revenues went beyond USD 754.40 million in 2022.
Varied Usage of these Products in Different Sectors is accelerating Growth
The global phycocyanin market has been expanding since the last few years as a result of its wide applications in various industries. Phycocyanin is used in a variety of applications due to its stability, bioavailability, safety, interaction with various food matrix components, as well as health-promoting properties.
The demand for phycocyanin as an all-natural blue food colorant has increased significantly over time since its clearance by the FDA as a food pigment for gum and candy. Its uses have been extended to encompass frozen desserts, ice cream frostings, dry beverages mixes and powders, coatings as well as toppings for desserts, yogurt, custard, cottage cheese, puddings, bread, gelatin, and cereals that are ready to eat.
Phycocyanin’s application in coatings for medications and nutritional supplements was also authorized few years back and also as one of the few naturally occurring blue colors recognized in Europe, the United States, and Asia is phytocyanin.
Spirulina extract has been authorized as a color additive and thus, is exempt from certification under the United States FDA Code of Federal Regulations. It is created by filtering dried biomass from the spirulina platensis and extracting it with water.
Other Factors that May Aid the Growth of the Phycocyanin Market
Increasing individual spending power and a growing awareness of the need of maintaining excellent health are the key drivers of market expansion. The other factors that determine market growth include changing lifestyles, westernization, increased R&D efforts made by leading biotech businesses, particularly in emerging nations, and an ever-increasing worldwide population.
Increasing the proprietary production method of these substances to assure a steady supply of pigments, improving the distribution channels, and raising consumer knowledge of the many advantages of natural ingredients, particularly in emerging nations may also augment the global growth.
High Cost Related to Processing of the Natural Colors to Impede the Market Growth
The high cost of natural colors, their purity, and their extractions will be a significant obstacle to the market's expansion.
The market's potential for expansion is expected to be further constrained by fluctuations in the cost of equipment and machinery and supply chain interruptions brought on by sudden factors, like the pandemic. The high expense of research and development efforts and the danger of algal contamination will both slow the market's expansion.
The Powder Segment will be Highly Preferred for the Ease of Usage
By form type, the powder segment is anticipated to be the leading segment in the global market for phycocyanin during the forecast period. In 2022, this segment acquired 76.9% of the global market share.
The advantages of phycocyanin powder, including simple solubility and digestion, are primarily responsible for this segment's substantial market share. The powdered form provides considerable dosage flexibility and enables active nutrition delivery.
During the forecast period, phycocyanin powder sales are anticipated to grow with a significant CAGR due to its extensive usage as a colorant and functional component in the food, beverage, and cosmetic sectors.
Phycocyanin E18 Segment will acquire a Prominent Share in the Global Market
According to the grade type, a significant market share of the phycocyanin market is accounted for by the Phycocyanin E18 segment.
E18 is solely used for food coloring agents. It is also known as food-grade phycocyanin. This segment was estimated to garner a market share of 56.9% in 2022.
The significant market share of this sector is primarily attributable to:
More people are predicted to become aware of the health risks associated with consuming synthetic colors, which is projected to increase consumer demand for phycocyanin. For instance, increased tartrazine consumption has been associated to cancer and has been connected to skin responses, asthma episodes, and allergic reactions.
Consumer Preference towards Natural Colors is Accelerating the Demand
According to Future Market Insights, North America led the phycocyanin market in 2022, and it is anticipated that it would continue to do so for the duration of the forecast period.
This market for phycocyanin in North America is mostly driven by the substance's expanding use in a variety of industries, including the pharmaceutical, food and beverage, and cosmetic industries.
Within this regional market, the United States was estimated to have acquired 20% market share in 2022. The demand for phycocyanin in North American countries like the United States is also a result of customers' rising health consciousness along with demand for natural food coloring agents.
The rise in illnesses brought on by artificial colors has prompted consumers to choose natural colors, which has fuelled the market development for phycocyanin in North America.
Presence of key players to boost the sales in the region
During the forecasted period of 2023 to 2033, it is predicted that the phycocyanin market in Asia Pacific would reach new heights. China is anticipated to see a CAGR of 7.3%, while the Indian market will experience a CAGR of 8.9%.
The presence of significant companies like Dongtai City Spirulina Bio-Engineering Co., Ltd. and Fuqing King Dnarmsa Spirulina Co., Ltd. belonging to the global market for phycocyanin is a key driver of the regional market.
The involvement of these several regional and local players as well as the quickly increasing demand for processed food items in rising and developing nations like China, Indonesia, India, and Thailand, Asia-Pacific is predicted to grow at a high rate throughout the projection period.
The growing demand for phycocyanin in the nutraceuticals, food & beverage, and cosmetics industries is also anticipated to present potential possibilities for market participants from 2023 to 2033.
The key players of this market include:
Some of the products being launched by the key players are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7% from 2022 to 2032 |
| Market Value in 2023 | USD 785 million |
| Market Value in 2033 | USD 1,487.7 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Nature, Form, Grade, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Spain, Italy, Japan, China, Singapore, Thailand, Indonesia, Israel, GCC Countries, South Africa, Australia, New Zealand |
| Key Companies Profiled | Cyanotech Corp; DDW Inc.; DIC Corporation; Dongtai City Spirulina Bio-Engineering Co., Ltd.; Fuqing King Dnarmsa Spirulina Co., Ltd.; GNT Holding B.V.; Sensient Technologies Corp.; Parry Nutraceuticals Limited; Döhler GmbH; Naturex S.A.; Naturalin Bio-Resources Co., Ltd; Far East Bio-Tec Co., Ltd.; Fraken Biochem Co., Ltd. |
| Customization & Scope | Available on Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (MT) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Nature, 2018 to 2033
Table 4: Global Market Volume (MT) Forecast by Nature, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 6: Global Market Volume (MT) Forecast by Form, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Grade, 2018 to 2033
Table 8: Global Market Volume (MT) Forecast by Grade, 2018 to 2033
Table 9: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 10: Global Market Volume (MT) Forecast by Application, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 12: North America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Nature, 2018 to 2033
Table 14: North America Market Volume (MT) Forecast by Nature, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 16: North America Market Volume (MT) Forecast by Form, 2018 to 2033
Table 17: North America Market Value (US$ Million) Forecast by Grade, 2018 to 2033
Table 18: North America Market Volume (MT) Forecast by Grade, 2018 to 2033
Table 19: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 20: North America Market Volume (MT) Forecast by Application, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: Latin America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Nature, 2018 to 2033
Table 24: Latin America Market Volume (MT) Forecast by Nature, 2018 to 2033
Table 25: Latin America Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 26: Latin America Market Volume (MT) Forecast by Form, 2018 to 2033
Table 27: Latin America Market Value (US$ Million) Forecast by Grade, 2018 to 2033
Table 28: Latin America Market Volume (MT) Forecast by Grade, 2018 to 2033
Table 29: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 30: Latin America Market Volume (MT) Forecast by Application, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: Europe Market Volume (MT) Forecast by Country, 2018 to 2033
Table 33: Europe Market Value (US$ Million) Forecast by Nature, 2018 to 2033
Table 34: Europe Market Volume (MT) Forecast by Nature, 2018 to 2033
Table 35: Europe Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 36: Europe Market Volume (MT) Forecast by Form, 2018 to 2033
Table 37: Europe Market Value (US$ Million) Forecast by Grade, 2018 to 2033
Table 38: Europe Market Volume (MT) Forecast by Grade, 2018 to 2033
Table 39: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 40: Europe Market Volume (MT) Forecast by Application, 2018 to 2033
Table 41: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: Asia Pacific Market Volume (MT) Forecast by Country, 2018 to 2033
Table 43: Asia Pacific Market Value (US$ Million) Forecast by Nature, 2018 to 2033
Table 44: Asia Pacific Market Volume (MT) Forecast by Nature, 2018 to 2033
Table 45: Asia Pacific Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 46: Asia Pacific Market Volume (MT) Forecast by Form, 2018 to 2033
Table 47: Asia Pacific Market Value (US$ Million) Forecast by Grade, 2018 to 2033
Table 48: Asia Pacific Market Volume (MT) Forecast by Grade, 2018 to 2033
Table 49: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 50: Asia Pacific Market Volume (MT) Forecast by Application, 2018 to 2033
Table 51: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 52: MEA Market Volume (MT) Forecast by Country, 2018 to 2033
Table 53: MEA Market Value (US$ Million) Forecast by Nature, 2018 to 2033
Table 54: MEA Market Volume (MT) Forecast by Nature, 2018 to 2033
Table 55: MEA Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 56: MEA Market Volume (MT) Forecast by Form, 2018 to 2033
Table 57: MEA Market Value (US$ Million) Forecast by Grade, 2018 to 2033
Table 58: MEA Market Volume (MT) Forecast by Grade, 2018 to 2033
Table 59: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 60: MEA Market Volume (MT) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Nature, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Form, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Grade, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 5: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 7: Global Market Volume (MT) Analysis by Region, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Nature, 2018 to 2033
Figure 11: Global Market Volume (MT) Analysis by Nature, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 15: Global Market Volume (MT) Analysis by Form, 2018 to 2033
Figure 16: Global Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 17: Global Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 18: Global Market Value (US$ Million) Analysis by Grade, 2018 to 2033
Figure 19: Global Market Volume (MT) Analysis by Grade, 2018 to 2033
Figure 20: Global Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033
Figure 21: Global Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033
Figure 22: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 23: Global Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 24: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 25: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 26: Global Market Attractiveness by Nature, 2023 to 2033
Figure 27: Global Market Attractiveness by Form, 2023 to 2033
Figure 28: Global Market Attractiveness by Grade, 2023 to 2033
Figure 29: Global Market Attractiveness by Application, 2023 to 2033
Figure 30: Global Market Attractiveness by Region, 2023 to 2033
Figure 31: North America Market Value (US$ Million) by Nature, 2023 to 2033
Figure 32: North America Market Value (US$ Million) by Form, 2023 to 2033
Figure 33: North America Market Value (US$ Million) by Grade, 2023 to 2033
Figure 34: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 35: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 36: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 37: North America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 40: North America Market Value (US$ Million) Analysis by Nature, 2018 to 2033
Figure 41: North America Market Volume (MT) Analysis by Nature, 2018 to 2033
Figure 42: North America Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 43: North America Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 44: North America Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 45: North America Market Volume (MT) Analysis by Form, 2018 to 2033
Figure 46: North America Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 47: North America Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 48: North America Market Value (US$ Million) Analysis by Grade, 2018 to 2033
Figure 49: North America Market Volume (MT) Analysis by Grade, 2018 to 2033
Figure 50: North America Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033
Figure 51: North America Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033
Figure 52: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 53: North America Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 54: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 55: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 56: North America Market Attractiveness by Nature, 2023 to 2033
Figure 57: North America Market Attractiveness by Form, 2023 to 2033
Figure 58: North America Market Attractiveness by Grade, 2023 to 2033
Figure 59: North America Market Attractiveness by Application, 2023 to 2033
Figure 60: North America Market Attractiveness by Country, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) by Nature, 2023 to 2033
Figure 62: Latin America Market Value (US$ Million) by Form, 2023 to 2033
Figure 63: Latin America Market Value (US$ Million) by Grade, 2023 to 2033
Figure 64: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 66: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 67: Latin America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 70: Latin America Market Value (US$ Million) Analysis by Nature, 2018 to 2033
Figure 71: Latin America Market Volume (MT) Analysis by Nature, 2018 to 2033
Figure 72: Latin America Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 74: Latin America Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 75: Latin America Market Volume (MT) Analysis by Form, 2018 to 2033
Figure 76: Latin America Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 78: Latin America Market Value (US$ Million) Analysis by Grade, 2018 to 2033
Figure 79: Latin America Market Volume (MT) Analysis by Grade, 2018 to 2033
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033
Figure 82: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 83: Latin America Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 84: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 85: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 86: Latin America Market Attractiveness by Nature, 2023 to 2033
Figure 87: Latin America Market Attractiveness by Form, 2023 to 2033
Figure 88: Latin America Market Attractiveness by Grade, 2023 to 2033
Figure 89: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 90: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 91: Europe Market Value (US$ Million) by Nature, 2023 to 2033
Figure 92: Europe Market Value (US$ Million) by Form, 2023 to 2033
Figure 93: Europe Market Value (US$ Million) by Grade, 2023 to 2033
Figure 94: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 95: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 96: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 97: Europe Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 98: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 99: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 100: Europe Market Value (US$ Million) Analysis by Nature, 2018 to 2033
Figure 101: Europe Market Volume (MT) Analysis by Nature, 2018 to 2033
Figure 102: Europe Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 103: Europe Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 104: Europe Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 105: Europe Market Volume (MT) Analysis by Form, 2018 to 2033
Figure 106: Europe Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 107: Europe Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 108: Europe Market Value (US$ Million) Analysis by Grade, 2018 to 2033
Figure 109: Europe Market Volume (MT) Analysis by Grade, 2018 to 2033
Figure 110: Europe Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033
Figure 111: Europe Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033
Figure 112: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 113: Europe Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 114: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 115: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 116: Europe Market Attractiveness by Nature, 2023 to 2033
Figure 117: Europe Market Attractiveness by Form, 2023 to 2033
Figure 118: Europe Market Attractiveness by Grade, 2023 to 2033
Figure 119: Europe Market Attractiveness by Application, 2023 to 2033
Figure 120: Europe Market Attractiveness by Country, 2023 to 2033
Figure 121: Asia Pacific Market Value (US$ Million) by Nature, 2023 to 2033
Figure 122: Asia Pacific Market Value (US$ Million) by Form, 2023 to 2033
Figure 123: Asia Pacific Market Value (US$ Million) by Grade, 2023 to 2033
Figure 124: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 125: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 126: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 127: Asia Pacific Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 128: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 129: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 130: Asia Pacific Market Value (US$ Million) Analysis by Nature, 2018 to 2033
Figure 131: Asia Pacific Market Volume (MT) Analysis by Nature, 2018 to 2033
Figure 132: Asia Pacific Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 133: Asia Pacific Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 134: Asia Pacific Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 135: Asia Pacific Market Volume (MT) Analysis by Form, 2018 to 2033
Figure 136: Asia Pacific Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 137: Asia Pacific Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 138: Asia Pacific Market Value (US$ Million) Analysis by Grade, 2018 to 2033
Figure 139: Asia Pacific Market Volume (MT) Analysis by Grade, 2018 to 2033
Figure 140: Asia Pacific Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033
Figure 141: Asia Pacific Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033
Figure 142: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 143: Asia Pacific Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 144: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 145: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 146: Asia Pacific Market Attractiveness by Nature, 2023 to 2033
Figure 147: Asia Pacific Market Attractiveness by Form, 2023 to 2033
Figure 148: Asia Pacific Market Attractiveness by Grade, 2023 to 2033
Figure 149: Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 150: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 151: MEA Market Value (US$ Million) by Nature, 2023 to 2033
Figure 152: MEA Market Value (US$ Million) by Form, 2023 to 2033
Figure 153: MEA Market Value (US$ Million) by Grade, 2023 to 2033
Figure 154: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 155: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 156: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 157: MEA Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 158: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 159: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 160: MEA Market Value (US$ Million) Analysis by Nature, 2018 to 2033
Figure 161: MEA Market Volume (MT) Analysis by Nature, 2018 to 2033
Figure 162: MEA Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 163: MEA Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 164: MEA Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 165: MEA Market Volume (MT) Analysis by Form, 2018 to 2033
Figure 166: MEA Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 167: MEA Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 168: MEA Market Value (US$ Million) Analysis by Grade, 2018 to 2033
Figure 169: MEA Market Volume (MT) Analysis by Grade, 2018 to 2033
Figure 170: MEA Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033
Figure 171: MEA Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033
Figure 172: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 173: MEA Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 174: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 175: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 176: MEA Market Attractiveness by Nature, 2023 to 2033
Figure 177: MEA Market Attractiveness by Form, 2023 to 2033
Figure 178: MEA Market Attractiveness by Grade, 2023 to 2033
Figure 179: MEA Market Attractiveness by Application, 2023 to 2033
Figure 180: MEA Market Attractiveness by Country, 2023 to 2033
The market is forecast to register a CAGR of 7% through 2033.
The market is valued to reach USD 1,487.7 million by 2033.
The global market advanced at a 2.7% HCAGR from 2018 to 2022.
The market is to secure a valuation of USD 785 million in 2023.
Powder is forecast to account for 76.9% of the global market share by form type.
The E18 segment is poised to achieve a market share of 56.9%.
China's market is set to expand at a 7.3% CAGR.
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Phycocyanin Market
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