Global Phycocyanin Market is projected to exhibit a CAGR of 9.26% between 2016 and 2022
The global Phycocyanin market is valued at USD 30.70 million in 2016 and is expected to reach USD 45.18 million by the end of 2022, growing at a Growth Rate of 9.26% between 2016 and 2022. The market is driven by various end-user industries, such as Natureal Food Colorant and Pharmaceutical Industry.
The industry is concentration, the key brand includes DIC, Japan Algae, Parry Nutraceuticals, Ozone Naturals, EcoFuel Laboratories, Nan Pao International Biotech, King Dnarmsa Spirulina, Zhejiang Binmei Biotechnology so on. Among them, DIC is the leader.
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The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
In the coming years there is an increasing demand for Phycocyanin in the regions of USA, Europe and Asia, is expected to drive the market for more Phycocyanin. Growth is attributed to the development of F&F and economic.
The consumption volume of Phycocyanin is related to downstream industries and global economy. Although there will always be some uncertain in the global economy in the following years, the growth rate of Phycocyanin industry may still keep that fast. And it is surely forecasted that the market of Phycocyanin is still promising.
Because the market competition of Phycocyanin is not fierce globally, manufacturer can obtain considerable profit from the manufacturing and marketing of Phycocyanin and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises that have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Phycocyanin industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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