Global Phycocyanin Market Research Report 2018 Overview

Publisher: QYResearch

Published Date: 2018/6/6

In the coming years there is an increasing demand for Phycocyanin in the regions of North America, Europe and Asia-Pacific, which is expected to drive the market for more Phycocyanin. Growth is attributed to the development of economic.

Globally, the Phycocyanin industry market is concentrated as the manufacturing technology of Phycocyanin. As for consumption market, the global sales were 94.86 MT Phycocyanin in 2016, which was much higher than that of 34.48MT in 2012. And some enterprises, like DIC, King Dnarmsa Spirulina, Japan Algae and Parry Nutraceuticals are well-known for the wonderful performance of their Phycocyanin and related services.

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.

In 2013, the Federal Food approve phycocyanin as color additives used in food, the application into the natural food colorant is paied much attention, and many companies begin to put much more investments into the phycocyanin industry, such as DIC, Japan Algae. The great demand brings giant incentives in phycocyanin industry, especially in China many companies start to put focus on this industry and therefore the market shows great prospects.

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.

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