Phycocyanin Market Size, Share, Opportunities, And Trends, By Nature (Conventional, Organic), By Form (Dry, Liquid), By Application (Animal Feed, Food and Beverage, Nutraceuticals, Personal Care, Pharmaceuticals, Others), And By Geography - Forecasts From 2025 To 2030

Phycocyanin Market Size

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.

What are the 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.

• Increasing use of power and liquid phycocyanin is anticipated to boost the phycocyanin market.

The constantly growing demand for powdered phycocyanin has been a major propelling factor for the global market of phycocyanin. The sector is highly inclined toward the usage of powdered phycocyanin as it is quite stable and remains for much longer while finding a lot of use across the food and beverage, dietary supplement, and cosmetic industries. Its compact structure makes transportation and storage easier and therefore reduces cost and increases supply chain productivity.

Further, the market is stepping ahead with increasing demand for powdered phycocyanin in all those industries that tend to require reliable, long-lasting natural colourants. Easy application in a formulation that has immediate solubility in beverages and certain cosmetic products makes liquid phytocyanin the second fastest-growing market. The easy use and rising demand for natural colourants, albeit with a shorter shelf life, and ready-to-use, have played a role in the steady development of the market for liquid phycocyanin.

• Increasing usage of spirulina fuel is anticipated to boost the phycocyanin market.

The demand for phycocyanin is expected to flourish tremendously as spirulina gets hyped because of its abundant phycocyanin content and high acceptance in the nutrition and health industries. This blue-green algae is rich in protein and is one of the most potent sources of phycocyanin, the naturally occurring blue pigment associated with anti-inflammatory and antioxidant properties. Spirulina's popularity as a natural colourant and health supplement will increase the production and consumption of phycocyanin, further growing the market as consumer preference shifts toward these types of natural, functional ingredients.

Phycocyanin Market Restraints:

• Growing synthetic colourant competition is anticipated to hamper the market growth

The increase in synthetic colourants that are more stable and cheaper poses serious threats to phycocyanin market growth. Manufacturers invariably turned to synthetic colourants, even though they know natural ones are far superior, because of consistent performance, cheaper prices, and longer shelf life. In this light, synthetic colourants gain extra consideration when it comes to large-scale production in food and beverage manufacturing, where efficiency and cost become the main determinants in making decisions.

Moreover, the historic culture of using synthetic colourants continues to be the worst setback that has ever happened to the cause of phycocyanin, even when faced with the increased need for natural and clean-label products. New extraction and production technologies have made phycocyanin more competitive among recent developments. Companies are supporting research for increased output and stability of phycocyanin to cut prices and widen applications.

Geographical Outlook of the Phycocyanin Market:

• 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.

Key Launches in the Phycocyanin Market:

• In June 2024, three new phycocyanin extracts were approved by the FDA for use in food products, making them more appealing as natural colourants. It is anticipated that this certification will increase demand in the food and beverage sector as businesses search for natural colour alternatives to artificial ones.
• In February 2024, Algama unveiled a brand-new phycocyanin-based natural food coloring. The goal of this product is to satisfy the growing demand for natural and sustainable food additives by offering a clean-label substitute for artificial colours.

Phycocyanin Market Scope:

Report Metric	Details
Phycocyanin Market Size in 2025	US$35.798 billion
Phycocyanin Market Size in 2030	US$45.796 billion
Growth Rate	CAGR of 6.93%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Nature Form Applications Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Phycocyanin Market	Bluetec Naturals Co., Ltd DIC CORPORATION JAPAN ALGAE Co., Ltd. Phyco-Biotech Pond Technologies Inc.
Customization Scope	Free report customization with purchase

 

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
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View 

5. PHYCOCYANIN MARKET BY NATURE

5.1. Introduction

5.2. Conventional

5.3. Organic

6. PHYCOCYANIN MARKET BY FORM

6.1. Introduction

6.2. Dry

6.3. Liquid

7. PHYCOCYANIN MARKET BY APPLICATION

7.1. Introduction

7.2. Animal Feed

7.3. Food and Beverage

7.4. Nutraceuticals

7.5. Personal Care

7.6. Pharmaceuticals

7.7. Others

8. PHYCOCYANIN MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Nature

8.2.2. By Form

8.2.3. By Application

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Nature

8.3.2. By Form

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Nature

8.4.2. By Form

8.4.3. By Application

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Italy

8.4.4.5. Spain

8.4.4.6. Others

8.5. Middle East and Africa

8.5.1. By Nature

8.5.2. By Form

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Nature

8.6.2. By Form

8.6.3. By Application

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Indonesia

8.6.4.6. Taiwan

8.6.4.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Bluetec Naturals Co., Ltd

10.2. DIC CORPORATION

10.3. JAPAN ALGAE Co., Ltd.

10.4. Phyco-Biotech

10.5. Pond Technologies Inc.

10.6. ScotBio

10.7. Tianjin Norland Biotech Co., Ltd.

10.8. Zhejiang Binmei Biotechnology Co., Ltd

10.9. Givaudan Sense Colour

10.10. Cyanotech Corporation

10.11. AlgoSource

10.12. Arthrise Nutritionals LLC

10.13. Nutra Bioactive.

10.14. Naturalin Bio-Resources Co., Ltd

10.15. Far East Bio-Tec Co., Ltd.

Bluetec Naturals Co., Ltd

DIC CORPORATION

JAPAN ALGAE Co., Ltd.

Phyco-Biotech

Pond Technologies Inc.

ScotBio

Tianjin Norland Biotech Co., Ltd.

Zhejiang Binmei Biotechnology Co., Ltd

Givaudan Sense Colour

Cyanotech Corporation

AlgoSource

Arthrise Nutritionals LLC

Nutra Bioactive.

Naturalin Bio-Resources Co., Ltd

Far East Bio-Tec Co., Ltd.