Organic Phycocyanin Powder Market by Application (Bakery Products, Confectionery, Dairy Products, Functional Food & Beverages, Alcoholic Beverages, Dietary Supplements, Other Non-food Applications), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Organic Phycocyanin Powder Market was valued at USD 187 Million in 2023 and is projected to reach USD 358.88 Million by 2032, with an expected CAGR of 9.76% during the forecast period. Phycocyanin pigment is an organic powder made from the blue-green algae: Spirulina. It is used because of its blue hue and for the rich antioxidants that it contains. There are two main types: two different vars, crude phycocyanin which is less processed, and the highly purified phycocyanin which is also highly concentrated. Some of the benefits include being rich in protein and possessing antioxidant properties as well as being stable in formulations. Some of the applications include; dietary supplements, cosmetics, and food color. In supplements, it adds on Immune support and Energy. As for cosmetic products it is valued for their ability to fight against aging and give the skin a shiny look. It is a bioactive substance that makes it a healthy and environment-friendly source of coloration when compared to chemical dyes.
Organic Phycocyanin Powder Trends
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.76% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.76% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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