Phycocyanin Market to Register a Stout Growth by 2028 End
Verfasser: ashwani_kailiya on Tuesday, 23 June 2020The global phycocyanin market will be largely influenced by substantial traction for phycocyanin as a naturally-sourced ingredient in food products, beverages, cosmetics, and animal feed. A new Fact.MR study suggests that the thriving demand for clean label ingredients in F&B and personal care products will heavily contribute towards market growth in the near future.
“Food processors are leveraging the nutritional properties of phycocyanin by sourcing the pigment from spirulina. Successful outcomes of this would help them solidify their market positioning over competition,” says Fact.MR.
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Key Takeaways from the Phycocyanin Market Study
Conventional phycocyanin outsells other variants
Demand for powdered phycocyanin is set to grow 1.9X, with key applications emerging in cosmetics and beverage products
Spirulina-based phycocyanin is witnessing a surge in adoption, on the back of FDA approvals
Europe remains the largest market for phycocyanin globally
Phycocyanin Market: Key Drivers