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Phycocyanin Market Share, Growth by Top Company, Region, Applications, Drivers, Trends and Forecast to 2031

Phycocyanin has calming, enemies of oxidants, and hypolipidemic properties because of which it is sought after in the makeup business. Future Market Insights (FMI) in a review has estimated the worldwide phycocyanin market to arrive at US$ 136.5 Mn in 2021. Phycocyanin comprises cell reinforcements, for example, Beta-carotene and Vitamin A, C, and E in huge amounts, which are useful in giving skin sustenance. Expanding mindfulness concerning different medical advantages of phycocyanin other than its enemy of malignant growth properties will fuel its utilization in beauty care products items.

This is because customers these days are likelier to pick a treatment that doesn’t need utilization of prescriptions. The interest for more normal approaches to forestalling ongoing diseases will look good for the market. Beauty care products produced using phycocyanin observe an appeal because of their wide use in spa, beauty care products, for example, American ginseng concentrates and homegrown treatment.

Of late, makers have begun creating restorative items from phycocyanin that can further develop cutin degeneration and have properties of skin sustenance and keeping from bright lights. Further, there is additionally developing business sector in the space of skin brightening, against maturing and pigmentation lessening items.

Regardless of rising interest from the makeup industry, the food and drinks area will keep ruling the market through the gauge time frame. The rising interest for food containing normal tones and overall repugnance towards counterfeit fixings and added substances will reinforce phycocyanin presence in the food area. FMI has projected the food and drinks industry to represent almost 85% of the general market in 2021.

A couple of the main players working in the Phycocyanin market are Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., Parry Nutraceuticals Limited, Döhler GmbH, Naturex S.A., Naturalin Bio-Resources Co., Ltd, Far East Bio-Tec Co., Ltd., Franken Biochem Co., Ltd. also different players.

Key Questions Answered in the Report

Q1. At what rate the interest for phycocyanin is relied upon to develop for the following 5 years?

The worldwide phycocyanin market is assessed to develop by a CAGR of 6.8% for the following 5 years.

Q2. Which type of phycocyanin is more liked?

The powder type of phycocyanin holds the prevailing offer on the lookout and is estimated to develop at 6.7% CAGR by 2031. Powder structure is more favored because it permits high adaptability with dosing and offers dynamic supplement conveyance. In powder structure, the shortfall of water forestalls the event of oxidative peculiarities which corrupts blue protein.

Q3. Which are the main organizations offering phycocyanin?

A portion of the main organizations offering phycocyanin is Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., among others.

Q4. What are the key variables supporting phycocyanin use?

A portion of the key variables supporting utilization of phycocyanin incorporates the expanding mindfulness about high nourishment worth of Spirulina, endorsement of phycocyanin removed from Spirulina for use in food and refreshments by administrative offices, government drive towards the creation of Spirulina, and send off of new assortments of the normal tone’s delivered from Spirulina and numerous others.

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