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Meticulous Market Research Pvt. Ltd.: Algae Products Market to Reach $6.01 Billion by 2031 - Exclusive Report by Meticulous Research®

Meticulous Market Research Pvt. Ltd.: Algae Products Market for Cosmetics to Reach $1.10 Billion by 2031

Phycocyanin Market by Form, Grade, Application and Geography - Global Forecast to 2027

Share this article Share this article ResearchAndMarkets.com s offering. This report provides an in-depth analysis of the phycocyanin market in five major geographies and emphasizes the current market trends, market size, market share, recent developments, and forecast till 2027. The global phycocyanin market is expected to grow at a CAGR of 28.5% from 2020 to 2027 to reach $245.5 million by 2027. The growth of this market is mainly attributed to key factors such as increased adoption of phycocyanin in the manufacturing of therapeutic & nutritional products, growing reluctance towards the usage of synthetic colors, rising demand for natural blue colorants, and investments from leading color houses in the phycocyanin space. However, the high cost of natural colors and purification and extraction, the complex production procedure of spirulina, and the risk of algae contamination are factors that are expected to hinder the growth of the global phycocyanin market to some extent.