Phycocyanin Market Market Size, Share, Growth to 2031
Meticulous Research ® —a leading global market research company, published a research report titled ‘Phycocyanin Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research ® , the Phycocyanin market is expected to reach $350.5 million by 2031 , at a CAGR of 27.5% from 2024 to 2031. The factors propelling the growth of the phycocyanin market include the growing use of phycocyanin for nutritional and nutraceutical applications, the disinclination to artificial coloring, the demand for natural blue colorants from the food industry, and the rise in venture capital investments in phycocyanin production. Key Players: The phycocyanin market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the phycocyanin market are AlgoSource SA (France), Bluetec Naturals Co., Ltd (C...