Phycocyanin Market - Forecasts from 2025 to 2030

The phycocyanin market is expected to grow at a CAGR of 6.93%, reaching a market size of US$321.595 million in 2030 from US$230.077 million in 2025.

Phycocyanin, an algae-derived blue pigment, is produced from cyanobacteria, including Spirulina. This blue pigment is celebrated for its color as well as its health properties, including anti-inflammatory and antioxidant benefits. Due to its nutritional and therapeutic uses, it is commonly found in beverages, dairy products,confectionery,dietary supplements, and cosmetics, as well as in natural food colors. The future of phycocyanin looks promising as demand for its natural properties continues to grow across various industries. Its potential applications are expected to expand with the increasing public interest in algal products and advancements in extraction technology, enhancing its viability as a natural ingredient in health and wellness.

Phycocyanin Market Drivers

Rising demand for clean products is contributing to the phycocyanin market growth

Consumer demand for natural and clean-label products is one of the major drivers behind the development of the phycocyanin market. Recently, consumers have become increasingly aware of the rising demand for natural ingredients across food and beverage products, as well as supplements, thus boosting their popularity among health-conscious individuals who are aware of the potential harm caused by synthetic additives. Phycocyanin, a blue pigment derived from spirulina, is widely accepted as a natural food coloring due to its bright color and health benefits, including anti-inflammatory and antioxidant properties. The movement toward natural colorants for clean-label products has significantly increased the demand for phycocyanin across various applications.

For instance, Nestlé has infused - and continues to infuse - a more sustainable and natural touch into its products by using phycocyanin as a natural colorant in beverages and confections. This aligns with the company's overall strategy to meet consumer demand for clean-label goods while minimizing environmental impact. The efforts of these significant players in the industry highlight how important phycocyanin will become in the food and beverage sectors, driving both innovation and market growth.

Phycocyanin Market Geographical Outlook:

North America is witnessing exponential growth during the forecast period.

North America's phycocyanin market is growing due to growing applications of phycocyanin in various key industries, including food and beverage, personal care, and pharmaceutical sectors. Moreover, consumers are shifting to natural colours due to the increasing incidence of diseases associated with artificial colours, and this is projected to heighten the demand for the product over the period. According to some analysts, the strong US food and beverage and healthcare industries will be the strongest possible push for the phycocyanin market in that country. National spending increases in drug development are likely to favourably impact growth in the market, along with rising awareness of the use of these products as anticancer components. The growing requirement for functional beverages in the USA is then to be spurred by changes in lifestyles, further reinforcing market growth.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The phycocyanin market is segmented and analyzed as follows:

By Nature

• Conventional
• Organic

By Form

• Dry
• Liquid

By Application

• Animal Feed
• Food and Beverage
• Nutraceuticals
• Personal Care
• Pharmaceuticals
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific