Phycocyanin is found in a micro algae and is water soluble pigment protein. It consists of properties such as antioxidant, anti-inflammatory, hepatoprotective and neuro protective effects. Additionally, it has immune enhancement, anti-cancer function, and liver as well as kidney protection benefits. Phycocyanin has been used in the development of drugs and has been a focus in research activities. The natural products are being used in the treatment of diseases due to which the Phycocyanin has being given more importance as it has several benefits. This, there is a high demand in this product which is fueling the market growth.This growth is primarily driven by Wide Range of Usage is Propelling the Market Growth and Cost Effectiveness and Government Initiatives.
Globally, a noticeable market trend is evident Rising Demand for Organic and Natural Food Products
. Major Players, such as Pondtech (Canada), AAT Bioquest (United States), Phyco-Biotech (France), DIC (Japan), Japan Algae (Japan), Parry Nutraceuticals (India), Ozone Naturals (India), EcoFuel Laboratories (Czechia), Nan Pao International Biotech (Taiwan) and King Dnarmsa Spirulina (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Wide Range of Usage is Propelling the Market Growth
- Cost Effectiveness and Government Initiatives
- Rising Demand for Organic and Natural Food Products
- Increasing Awareness among the Consumers
- Environment Changes May Challenge the Production
Rising Application of Phycocyanin and Increasing Usage in Food and Beverage Due to its High Nutritional Value
Contamination in Phycocyanin May Affect the Production
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