Buffer extraction represents 55% within the extraction process segment and freeze-dried phycoerythrin accounts for 64% of the form category in 2025. The phycoerythrin market was valued at USD 5.18 million in 2025, is projected to reach USD 11.30 million by 2035 and is forecast to post an 8.1% CAGR between 2025 and 2035.