Phycocyanin Market Analysis

The phycocyanin market is segmented by nature, form, grade, and applications. Among product form, the powder segment is expected to hold the largest market share. The powder form is highly effective and offer great ease of digestion in comparison to other forms. The form permits effective nutrient distribution, offers high flexibility with dosing, and is economically reasonable which is expected to have a major impact on the market growth. By product applications, the food & beverage segment is expected to register the leading position in the global market among others owing to wide applications of phycocyanin, consumer demand as it’s a clean ingredient, growing interest among the vegan population, and raising awareness about a natural lifestyle. The nutraceuticals segment in the application category is expected to grow at the fastest pace owing to several benefits particularly muscle enhancement.

Our in-depth analysis of the global market includes the following segments: