The Phycocyanin market is expected to reach USD 155.61 million by 2027, witnessing expansion at a potential rate of 7.73% in the forecast period of 2020 to 2027. Improvements in the consumption rate from the various application industries such as food & beverages, supplement/nutraceuticals, and cosmetics & personal care segments are the major driving factors of phycocyanin market expansion in the above mentioned forecasted period.
Phycocyanin is a type of light-based protein pigment generally derived/extracted from algae of different variants such as blue-green and red algae. These pigments are majorly used as a food colorant/additive in a variety of applications such as confectionaries, beverages, bakeries, and various others.
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Global Phycocyanin Market By Nature (Organic, Conventional), Form (Powder, Liquid), Grade (Phycocyanin E18, Phycocyanin E25, Phycocyanin E3.0), Applications (Food & Beverages, Nutraceutical, Animal Feed, Medicines/Pharmaceuticals, Biotechnology, Cosmetics & Personal Care, Aquaculture, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa), Industry Trends and Forecast to 2027

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Global phycocyanin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Data Bridge Market Research phycocyanin market contact us for an Analyst Brief, our team will help you make an informed market decision to achieve market growth. Get complete report @ https://www.databridgemarketresearch.com/reports/global-phycocyanin-market
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