Phycobiliprotein Market Size Was Valued at USD 30.0 Million in 2022, and is Projected to Reach USD 140.61 Million by 2030, Growing at a CAGR of 21.3 % From 2023-2030.
Phycobiliproteins are pigments that can dissolve in water and are present in specific types of algae, cyanobacteria, and certain cryptophyte algae. They have an important function in photosynthesis as they absorb light energy and pass it on to chlorophyll for transforming it into chemical energy. Phycobiliproteins contain chromophores bound to protein complexes, which provide them with a range of vibrant colors from red to blue. These pigments are crucial for organisms in dimly lit environments, improving their capacity to absorb light energy for photosynthesis.
The widespread use of Phycobiliproteins in industries like food and beverages, cosmetics, healthcare, and research is leading to substantial growth in the market. Phycobiliproteins, obtained from algae and cyanobacteria, are water-soluble pigments recognized for their vibrant colors and fluorescence characteristics. These proteins are becoming more popular as natural colorants, substitutes for artificial dyes, and beneficial components in various products.
Top Key Players Covered in The Global Phycobiliprotein Market
Columbia Bioscience (United States), Sigma-Aldrich (United States), Algapharma Biotech (France), Phyco-Biotech (France), Norland Biotech (China), King DnarmsaSpirulina (China), Zhejiang Binmei Biotechnology (China), Nan Pao International Biotech (Taiwan), DIC Corporation (Japan), Japan Algae (Japan), WuliLvqi (China), Dainippon Ink and Chemicals (Japan), Ozone Naturals (India), Parry Nutraceuticals (India), SETA BioMedicals (South Korea), and other Major Players.
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Technological Advancements in Extraction and Purification
The developments make it possible to extract and purify Phycobiliprotein from algae, cyanobacteria, and other photosynthetic organisms in a more efficient and cost-effective manner.
In comparison to conventional methods, novel extraction techniques such as supercritical fluid extraction and ultrasound-assisted extraction provide increased yields and shorter processing times. In addition, improvements in purification methods such as chromatography and membrane filtration improve the purity and quality of Phycobiliprotein, meeting the strict demands of different applications.
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Segmentation Analysis of the Phycobiliprotein Market
Phycobiliprotein Market Segmented on the basis of type, end-users.
By Type
- Phycoerythrin
- Allophycocyanin
- Phycoerythrocyanin
- Phycocyanin
By End-User
- Food Industry
- Cosmetics & Personal Care Industry
- Dietary Supplements
- Pharmaceuticals
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Phycobiliprotein Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
Asia Pacific is becoming a leading presence in the Phycobiliprotein market. Phycobiliprotein, extracted from a range of microalgae varieties, are becoming increasingly popular for their wide range of uses in food, beauty products, medications, and medical tests. Several factors are responsible for the region's superiority.
Asia Pacific has a diverse range of microalgae, which forms a strong foundation for producing phycobiliproteins. Nations such as China, India, and Japan possess substantial knowledge in growing algae and processing it, allowing for cost-effective mass production.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Table of contents:
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by Technology
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
- Appendix
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