Phycocyanin - Global Top Players Market Share and Ranking 2025- YH Research

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Phycocyanin - Global Top Players Market Share and Ranking 2025

Publication Date: 2025-11-29
Report Id: 2857128
Industry: Pharma & Healthcare
Report Page: 110
Chart: 109

PDF Download

Publication Date: 2025-11-29
Report Id: 2857128
Industry: Pharma & Healthcare
Report Page: 110
Chart: 109

PDF Download

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Table of Contents
Description
Table of Figures
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1 Market Overview
1.1 Phycocyanin Definition
1.2 Global Phycocyanin Market Size and Forecast
1.2.1 By Consumption Value, Global Phycocyanin Market Size, 2020-2031
1.2.2 By Sales Quantity, Global Phycocyanin Market Size, 2020-2031
1.2.3 Global Phycocyanin Average Selling Price (ASP), 2020-2031
1.3 China Phycocyanin Market Size and Forecast
1.3.1 By Consumption Value, China Phycocyanin Market Size, 2020-2031
1.3.2 By Sales Quantity, China Phycocyanin Market Size, 2020-2031
1.3.3 China Phycocyanin Average Selling Price (ASP), 2020-2031
1.4 Share of China Phycocyanin Market with Respect to the Global Market
1.4.1 By Consumption Value, China Phycocyanin Market Share in Global, 2020-2031
1.4.2 By Sales Quantity, China Phycocyanin Market Share in Global, 2020-2031
1.4.3 Phycocyanin Market Size: China VS Global, 2020-2031
1.5 Phycocyanin Market Dynamics
1.5.1 Phycocyanin Market Drivers
1.5.2 Phycocyanin Market Restraints
1.5.3 Phycocyanin Industry Trends
1.5.4 Phycocyanin Industry Policy

2 Global Leading Manufacturers and Market Share
2.1 By Revenue of Phycocyanin, Global Market Share by Company, 2020-2025
2.2 By Sales Quantity of Phycocyanin, Global Market Share by Company, 2020-2025
2.3 Phycocyanin Average Selling Price (ASP) by Company, 2020-2025
2.4 Global Phycocyanin Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Phycocyanin Concentration Ratio
2.6 Global Phycocyanin Mergers & Acquisitions, Expansion Plans
2.7 Global Phycocyanin Manufacturers Product Type
2.8 Head Office and Phycocyanin Production Site of Key Manufacturer
2.9 Phycocyanin Capacity of Major Manufacturers and Future Plan

3 China Leading Manufacturers and Market Share
3.1 By Revenue of Phycocyanin, China Market Share by Company, 2020-2025
3.2 By Sales Quantity of Phycocyanin, China Market Share by Company, 2020-2025
3.3 China Phycocyanin Phycocyanin Participants, Market Position (Tier 1, Tier 2, and Tier 3)

4 Global Producing Regions
4.1 Global Phycocyanin Capacity, Output and Capacity Utilization, 2020-2031
4.2 Global Phycocyanin Capacity by Region
4.3 Global Phycocyanin Production & Forecast by Region, 2020 VS 2024 VS 2031
4.4 Global Phycocyanin Production by Region, 2020-2031
4.5 Global Phycocyanin Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis
5.1 Phycocyanin Industry Chain
5.2 Phycocyanin Upstream Analysis
5.2.1 Phycocyanin Core Raw Materials
5.2.2 Main Manufacturers of Phycocyanin Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Phycocyanin Production Mode
5.6 Phycocyanin Procurement Model
5.7 Phycocyanin Industry Sales Model and Sales Channels
5.7.1 Phycocyanin Sales Model
5.7.2 Phycocyanin Typical Distributors

6 Sights by Type
6.1 Phycocyanin Classification by Type
6.1.1 Food Grade
6.1.2 Cosmetic Grade
6.1.3 Pharmaceutical Grade
6.2 by Type, Global Phycocyanin Consumption Value & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Phycocyanin Consumption Value, 2020-2031
6.4 by Type, Global Phycocyanin Sales Quantity, 2020-2031
6.5 by Type, Global Phycocyanin Average Selling Price (ASP), 2020-2031

7 Sights by Source
7.1 Phycocyanin Classification by Source
7.1.1 Spirulina-Based Phycocyanin
7.1.2 Other Cyanobacteria-Derived Phycocyanin
7.2 by Source, Global Phycocyanin Consumption Value & CAGR, 2020 VS 2024 VS 2031
7.3 by Source, Global Phycocyanin Consumption Value, 2020-2031
7.4 by Source, Global Phycocyanin Sales Quantity, 2020-2031
7.5 by Source, Global Phycocyanin Average Selling Price (ASP), 2020-2031

8 Sights by Physical Form
8.1 Phycocyanin Classification by Physical Form
8.1.1 Powdered Phycocyanin
8.1.2 Liquid Phycocyanin
8.1.3 Microencapsulated Phycocyanin
8.1.4 Others
8.2 by Physical Form, Global Phycocyanin Consumption Value & CAGR, 2020 VS 2024 VS 2031
8.3 by Physical Form, Global Phycocyanin Consumption Value, 2020-2031
8.4 by Physical Form, Global Phycocyanin Sales Quantity, 2020-2031
8.5 by Physical Form, Global Phycocyanin Average Selling Price (ASP), 2020-2031

9 Sights by Application
9.1 Phycocyanin Segment by Application
9.1.1 Natural Food Colorant
9.1.2 Pharmaceutical Industry
9.1.3 Others
9.2 by Application, Global Phycocyanin Consumption Value & CAGR, 2020 VS 2024 VS 2031
9.3 by Application, Global Phycocyanin Consumption Value, 2020-2031
9.4 by Application, Global Phycocyanin Sales Quantity, 2020-2031
9.5 by Application, Global Phycocyanin Price, 2020-2031

10 Sales Sights by Region
10.1 By Region, Global Phycocyanin Consumption Value, 2020 VS 2024 VS 2031
10.2 By Region, Global Phycocyanin Consumption Value, 2020-2031
10.3 By Region, Global Phycocyanin Sales Quantity, 2020-2031
10.4 North America
10.4.1 North America Phycocyanin Market Size & Forecasts, 2020-2031
10.4.2 By Country, North America Phycocyanin Market Size Market Share
10.5 Europe
10.5.1 Europe Phycocyanin Market Size & Forecasts, 2020-2031
10.5.2 By Country, Europe Phycocyanin Market Size Market Share
10.6 Asia Pacific
10.6.1 Asia Pacific Phycocyanin Market Size & Forecasts, 2020-2031
10.6.2 By Country/Region, Asia Pacific Phycocyanin Market Size Market Share
10.7 South America
10.7.1 South America Phycocyanin Market Size & Forecasts, 2020-2031
10.7.2 By Country, South America Phycocyanin Market Size Market Share
10.8 Middle East & Africa

11 Sales Sights by Country Level
11.1 By Country, Global Phycocyanin Market Size & CAGR, 2020 VS 2024 VS 2031
11.2 By Country, Global Phycocyanin Consumption Value, 2020-2031
11.3 By Country, Global Phycocyanin Sales Quantity, 2020-2031
11.4 United States
11.4.1 United States Phycocyanin Market Size, 2020-2031
11.4.2 by Type, United States Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.4.3 by Application, United States Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.5 Europe
11.5.1 Europe Phycocyanin Market Size, 2020-2031
11.5.2 by Type, Europe Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.5.3 by Application, Europe Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.6 China
11.6.1 China Phycocyanin Market Size, 2020-2031
11.6.2 by Type, China Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.6.3 by Application, China Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.7 Japan
11.7.1 Japan Phycocyanin Market Size, 2020-2031
11.7.2 by Type, Japan Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.7.3 by Application, Japan Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.8 South Korea
11.8.1 South Korea Phycocyanin Market Size, 2020-2031
11.8.2 by Type, South Korea Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.8.3 by Application, South Korea Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.9 Southeast Asia
11.9.1 Southeast Asia Phycocyanin Market Size, 2020-2031
11.9.2 by Type, Southeast Asia Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.9.3 by Application, Southeast Asia Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.10 India
11.10.1 India Phycocyanin Market Size, 2020-2031
11.10.2 by Type, India Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.10.3 by Application, India Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.11 Middle East & Africa
11.11.1 Middle East & Africa Phycocyanin Market Size, 2020-2031
11.11.2 by Type, Middle East & Africa Phycocyanin Sales Quantity Market Share, 2024 VS 2031
11.11.3 by Application, Middle East & Africa Phycocyanin Sales Quantity Market Share, 2024 VS 2031

12 Manufacturers Profile
12.1 DIC
12.1.1 DIC Company Information, Head Office, Market Area, and Industry Position
12.1.2 DIC Phycocyanin Models, Specifications, and Application
12.1.3 DIC Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.1.4 DIC Company Profile and Main Business
12.1.5 DIC Recent Developments
12.2 Japan Algae
12.2.1 Japan Algae Company Information, Head Office, Market Area, and Industry Position
12.2.2 Japan Algae Phycocyanin Models, Specifications, and Application
12.2.3 Japan Algae Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.2.4 Japan Algae Company Profile and Main Business
12.2.5 Japan Algae Recent Developments
12.3 Parry Nutraceuticals
12.3.1 Parry Nutraceuticals Company Information, Head Office, Market Area, and Industry Position
12.3.2 Parry Nutraceuticals Phycocyanin Models, Specifications, and Application
12.3.3 Parry Nutraceuticals Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.3.4 Parry Nutraceuticals Company Profile and Main Business
12.3.5 Parry Nutraceuticals Recent Developments
12.4 Ozone Naturals
12.4.1 Ozone Naturals Company Information, Head Office, Market Area, and Industry Position
12.4.2 Ozone Naturals Phycocyanin Models, Specifications, and Application
12.4.3 Ozone Naturals Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.4.4 Ozone Naturals Company Profile and Main Business
12.4.5 Ozone Naturals Recent Developments
12.5 CNJ Nature
12.5.1 CNJ Nature Company Information, Head Office, Market Area, and Industry Position
12.5.2 CNJ Nature Phycocyanin Models, Specifications, and Application
12.5.3 CNJ Nature Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.5.4 CNJ Nature Company Profile and Main Business
12.5.5 CNJ Nature Recent Developments
12.6 Nan Pao International Biotech
12.6.1 Nan Pao International Biotech Company Information, Head Office, Market Area, and Industry Position
12.6.2 Nan Pao International Biotech Phycocyanin Models, Specifications, and Application
12.6.3 Nan Pao International Biotech Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.6.4 Nan Pao International Biotech Company Profile and Main Business
12.6.5 Nan Pao International Biotech Recent Developments
12.7 King Dnarmsa Spirulina
12.7.1 King Dnarmsa Spirulina Company Information, Head Office, Market Area, and Industry Position
12.7.2 King Dnarmsa Spirulina Phycocyanin Models, Specifications, and Application
12.7.3 King Dnarmsa Spirulina Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.7.4 King Dnarmsa Spirulina Company Profile and Main Business
12.7.5 King Dnarmsa Spirulina Recent Developments
12.8 Zhejiang Binmei Biotechnology
12.8.1 Zhejiang Binmei Biotechnology Company Information, Head Office, Market Area, and Industry Position
12.8.2 Zhejiang Binmei Biotechnology Phycocyanin Models, Specifications, and Application
12.8.3 Zhejiang Binmei Biotechnology Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.8.4 Zhejiang Binmei Biotechnology Company Profile and Main Business
12.8.5 Zhejiang Binmei Biotechnology Recent Developments
12.9 Wuli Lvqi
12.9.1 Wuli Lvqi Company Information, Head Office, Market Area, and Industry Position
12.9.2 Wuli Lvqi Phycocyanin Models, Specifications, and Application
12.9.3 Wuli Lvqi Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.9.4 Wuli Lvqi Company Profile and Main Business
12.9.5 Wuli Lvqi Recent Developments
12.10 Norland
12.10.1 Norland Company Information, Head Office, Market Area, and Industry Position
12.10.2 Norland Phycocyanin Models, Specifications, and Application
12.10.3 Norland Phycocyanin Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.10.4 Norland Company Profile and Main Business
12.10.5 Norland Recent Developments

13 Conclusion

14 Appendix
14.1 Research Methodology
14.2 Data Source
14.2.1 Secondary Sources
14.2.2 Primary Sources
14.3 Market Estimation Model
14.4 Disclaimer

According to YH Research, the global market for Phycocyanin should grow from US$ 81.95 million in 2024 to US$ 117 million by 2031, with a CAGR of 5.1% for the period of 2025-2031.

The strategic recalibration of 2025 U.S. tariff mechanisms is redefining global economic governance norms. This study deciphers the transmission mechanisms of tariff escalation pathways and global policy responses on corporate investment strategies, regional trade networks, and critical material supply architectures.

Phycocyanin

According to YH Research, the global market for Phycocyanin should grow from US$ 81.95 million in 2024 to US$ 117 million by 2031, with a CAGR of 5.1% for the period of 2025-2031.

Unit: US$ M

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In-depth insight into market trends

The phycocyanin market refers to the global economic activities connected to the production, extraction, purification, formulation, and sale of phycocyanin, a natural blue pigment–protein complex mainly derived from spirulina (Arthrospira platensis) and a few other cyanobacteria. In simple terms, phycocyanin is a naturally occurring bright blue colorant with antioxidant and anti-inflammatory characteristics, widely used in foods, beverages, nutraceuticals, dietary supplements, cosmetics, biotechnology, and even diagnostic research tools. The market includes spirulina farmers, algae cultivation technology suppliers, extraction equipment providers, pigment manufacturers, distributors, ingredient formulators, beverage companies, confectionery brands, cosmetic formulators, pharmaceutical ingredient suppliers, and downstream consumer-facing brands that integrate phycocyanin into their product formulations.

At the production level, the market covers various cultivation methods, including open-pond cultivation, closed photobioreactor systems, hybrid cultivation systems, and controlled high-density algae farms. After cultivation, manufacturers extract phycocyanin using water extraction, membrane filtration, enzymatic methods, or mild physical processes to preserve the protein’s stability. The extracted phycocyanin is categorized into multiple purity grades—food grade, cosmetic grade, pharmaceutical grade, reagent grade, and high-purity laboratory grade. Different grades serve different applications, which creates multiple layers of value within the industry and allows the market to expand across sectors.

In commercial use, phycocyanin is best known as a natural blue colorant used in ice cream, beverages, smoothies, candies, plant-based yogurts, syrups, blue beer, sports nutrition powders, gum, and various novelty foods. It has become a favored alternative to synthetic blue colorants such as Brilliant Blue FCF because consumers increasingly demand “clean label,” organic, and plant-based ingredients. The market also includes natural food coloring manufacturers that use phycocyanin to create blended colors such as green, lavender, or turquoise by mixing phycocyanin with yellow or red pigments.

In 2024, global Phycocyanin production reached approximately 283.4 MT, with an average global market price of around US$ 272 per kg. The global single-line production capacity ranges from 15 to 30 MT per year. The industry's gross profit margin is approximately 20%-25%.

The phycocyanin market has shown strong momentum in recent years, and several noticeable trends are shaping its development. One major trend is the rapid expansion of the natural food coloring sector. As global food and beverage brands move away from synthetic dyes, phycocyanin is becoming one of the most important natural blue pigments available. Unlike other natural pigments that fade easily, high-quality phycocyanin can achieve stable color performance in many refrigerated and frozen applications. This shift toward natural ingredients has significantly enlarged the market and continues to attract new manufacturers.

Another important trend is the rise of plant-based and “clean label” diets. Consumers in North America, Europe, Japan, South Korea, and increasingly China and Southeast Asia are paying attention to ingredient transparency. Packaging claims such as “naturally colored,” “spirulina extract,” “derived from algae,” and “no artificial dyes” help drive attention toward phycocyanin-based products. The natural cosmetics sector also aligns with this movement, expanding the pigment’s use in skincare and personal care.

The nutraceutical and dietary supplement industry also contributes to market growth. Spirulina-derived ingredients have long been used in wellness products, and phycocyanin—being one of spirulina’s most active components—now appears in energy drinks, sports powders, antioxidant supplements, and immune-boosting capsules. The trend toward multifunctional plant proteins and algae-based nutritional products gives phycocyanin additional visibility.

This report studies and analyses global Phycocyanin status and future trends, helps the client to determine the Phycocyanin market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Phycocyanin, and provides market size (in MT & US$ million) and Year-over-Year growth, considering 2024 as the base year.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

To assess the competitive environment within the market including supplier revenue, market share, and company profiles.

Highlights
(1) Global Phycocyanin market size, history data 2020-2025, and forecast data 2026-2031, (US$ million) & (MT)
(2) Global Phycocyanin sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (MT)
(3) China Phycocyanin sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (MT)
(4) Global Phycocyanin key consuming regions, consumption quantity, consumption value and demand structure
(5) Global Phycocyanin key producing regions, capacity, production, and year over year growth
(6) Phycocyanin industry chains, upstream, midstream and downstream
Market segment by players, this report covers
    DIC
    Japan Algae
    Parry Nutraceuticals
    Ozone Naturals
    CNJ Nature
    Nan Pao International Biotech
    King Dnarmsa Spirulina
    Zhejiang Binmei Biotechnology
    Wuli Lvqi
    Norland

Market segment by Type, covers
    Food Grade
    Cosmetic Grade
    Pharmaceutical Grade

Market segment by Source, covers
    Spirulina-Based Phycocyanin
    Other Cyanobacteria-Derived Phycocyanin

Market segment by Physical Form, covers
    Powdered Phycocyanin
    Liquid Phycocyanin
    Microencapsulated Phycocyanin
    Others

Market segment by Application, can be divided into
    Natural Food Colorant
    Pharmaceutical Industry
    Others

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Report Includes:
Chapter 1: to describe Phycocyanin product scope, global sales quantity, value and average price, China sales quantity, value and average price, development opportunities, challenges, trends, and policies.
Chapter 2: Global Phycocyanin market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 3: China Phycocyanin market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 4: Global key producing regions of Phycocyanin, percent & CAGR, 2020-2031
Chapter 5: Phycocyanin industry chain, upstream, medium-stream, and downstream.
Chapter 6: Segment by Type, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 7: Segment by Application, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 8: Segment in regional level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 9: Segment in country level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 10: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, sales quantity, average price, revenue, gross margin.