2025-2031 Global Phycocyanin Industry Research & Trends Analysis Report- YH Research

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2025-2031 Global Phycocyanin Industry Research & Trends Analysis Report

Publication Date: 2025-11-29
Report Id: 2857129
Industry: Pharma & Healthcare
Report Page: 124
Chart: 127

PDF Download

Publication Date: 2025-11-29
Report Id: 2857129
Industry: Pharma & Healthcare
Report Page: 124
Chart: 127

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 Revenue, Global Phycocyanin Market Size, 2020-2031
1.2.2 By Sales Volume, Global Phycocyanin Market Size, 2020-2031
1.2.3 Global Phycocyanin Price Trend, 2020-2031
1.3 China Phycocyanin Market Size and Forecast
1.3.1 By Revenue, China Phycocyanin Market Size, 2020-2031
1.3.2 By Sales Volume, China Phycocyanin Market Size, 2020-2031
1.3.3 China Phycocyanin Price Trend, 2020-2031
1.4 China Percentage in Global Market
1.4.1 By Revenue, China Phycocyanin Share in Global Market, 2020-2031
1.4.2 By Sales Volume, China Phycocyanin Share in Global Market, 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 Competitive Landscape by Company
2.1 Global Phycocyanin Revenue by Company, 2020-2025
2.2 Global Phycocyanin Sales Volume by Company, 2020-2025
2.3 Global Phycocyanin Price 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

3 China Competitive Landscape by Company
3.1 China Phycocyanin Revenue by Company, 2020-2025
3.2 China Phycocyanin Sales Volume by Company, 2020-2025
3.3 China Phycocyanin Phycocyanin Participants, Market Position (Tier 1, Tier 2, and Tier 3)
3.4 China Phycocyanin Market, Sales Percentage of Local Players VS Foreign Players (2020-2025)
3.5 Chinese Local Players, Phycocyanin Domestic VS Export
3.6 China Market, Phycocyanin Import & Export
3.6.1 China Market, Phycocyanin Import & Export, 2020-2031
3.6.2 China Phycocyanin Import & Export Trends
3.6.3 Main Sources of China Phycocyanin Import
3.6.4 Export Destination of China Phycocyanin

4 Phycocyanin Production by Region
4.1 Global Phycocyanin Capacity, Production and Capacity Utilization, 2020-2031
4.2 Global Geographic Distribution of Phycocyanin Manufacturers
4.3 Global Major Manufacturers, Phycocyanin Capacity Expansion and Future Plans
4.4 Global Phycocyanin Capacity by Region
4.5 Global Phycocyanin Production by Region
4.5.1 Global Phycocyanin Production & Forecast by Region, 2020 VS 2024 VS 2031
4.5.2 Global Phycocyanin Production by Region, 2020-2025
4.5.3 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 Market Size & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Phycocyanin Revenue, 2020-2031
6.4 by Type, Global Phycocyanin Sales Volume, 2020-2031
6.5 by Type, Global Phycocyanin Price, 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 Market Size & CAGR, 2020 VS 2024 VS 2031
7.3 by Source, Global Phycocyanin Revenue, 2020-2031
7.4 by Source, Global Phycocyanin Sales Volume, 2020-2031
7.5 by Source, Global Phycocyanin Price, 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 Market Size & CAGR, 2020 VS 2024 VS 2031
8.3 by Physical Form, Global Phycocyanin Revenue, 2020-2031
8.4 by Physical Form, Global Phycocyanin Sales Volume, 2020-2031
8.5 by Physical Form, Global Phycocyanin Price, 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 Market Size & CAGR, 2020 VS 2024 VS 2031
9.3 by Application, Global Phycocyanin Revenue, 2020-2031
9.4 by Application, Global Phycocyanin Sales Volume, 2020-2031
9.5 by Application, Global Phycocyanin Price, 2020-2031

10 Sales Sights by Region
10.1 By Region, Global Phycocyanin Market Size, 2020 VS 2024 VS 2031
10.2 By Region, Global Phycocyanin Revenue, 2020-2031
10.3 By Region, Global Phycocyanin Sales Volume, 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 AmericaPhycocyanin 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 Revenue, 2020-2031
11.3 By Country, Global Phycocyanin Sales Volume, 2020-2031
11.4 United States
11.4.1 United States Phycocyanin Market Size, 2020-2031
11.4.2 By Company, United States Phycocyanin Sales Volume Market Share, 2024
11.4.3 by Type, United States Phycocyanin Market Size, Share, 2024 VS 2031
11.4.4 by Application, United States Phycocyanin Market Size, Share, 2024 VS 2031
11.5 Europe
11.5.1 Europe Phycocyanin Market Size, 2020-2031
11.5.2 By Company, Europe Phycocyanin Sales Volume Market Share, 2024
11.5.3 by Type, Europe Phycocyanin Market Size, Share, 2024 VS 2031
11.5.4 by Application, Europe Phycocyanin Market Size, Share, 2024 VS 2031
11.6 China
11.6.1 China Phycocyanin Market Size, 2020-2031
11.6.2 By Company, China Phycocyanin Sales Volume Market Share, 2024
11.6.3 by Type, China Phycocyanin Market Size, Share, 2024 VS 2031
11.6.4 by Application, China Phycocyanin Market Size, Share, 2024 VS 2031
11.7 Japan
11.7.1 Japan Phycocyanin Market Size, 2020-2031
11.7.2 By Company, Japan Phycocyanin Market Share, 2024
11.7.3 by Type, Japan Phycocyanin Market Size, Share, 2024 VS 2031
11.7.4 by Application, Japan Phycocyanin Market Size, Share, 2024 VS 2031
11.8 South Korea
11.8.1 South Korea Phycocyanin Market Size, 2020-2031
11.8.2 By Company, South Korea Phycocyanin Market Share, 2024
11.8.3 by Type, South Korea Phycocyanin Market Size, Share, 2024 VS 2031
11.8.4 by Application, South Korea Phycocyanin Market Size, Share, 2024 VS 2031
11.9 Southeast Asia
11.9.1 Southeast Asia Phycocyanin Market Size, 2020-2031
11.9.2 By Company, Southeast Asia Phycocyanin Market Share, 2024
11.9.3 by Type, Southeast Asia Phycocyanin Market Size, Share, 2024 VS 2031
11.9.4 by Application, Southeast Asia Phycocyanin Market Size, Share, 2024 VS 2031
11.10 India
11.10.1 India Phycocyanin Market Size, 2020-2031
11.10.2 By Company, India Phycocyanin Market Share, 2024
11.10.3 by Type, India Phycocyanin Market Size, Share, 2024 VS 2031
11.10.4 by Application, India Phycocyanin Market Size, Share, 2024 VS 2031
11.11 Middle East & Africa
11.11.1 Middle East & Africa Phycocyanin Market Size, 2020-2031
11.11.2 By Company, Middle East & Africa Phycocyanin Market Share, 2024
11.11.3 by Type, Middle East & Africa Phycocyanin Market Size, Share, 2024 VS 2031
11.11.4 by Application, Middle East & Africa Phycocyanin Market Size, 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 Volume, 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 Volume, 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 Volume, 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 Volume, 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 Volume, 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 Volume, 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 Volume, 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 Volume, 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 Volume, 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 Volume, 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 aims to provide a comprehensive study of the global market for Phycocyanin.
Report Highlights:
(1) Global Phycocyanin market size (sales volume & revenue), history data from 2020-2025, and forecast data from 2026 to 2031.

(2) Global Phycocyanin market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.

(3) China Phycocyanin market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.

(4) Global Phycocyanin segment by region (or country), key regions cover the United States, Europe, China, Japan, South Korea, Southeast Asia, and India, etc.

(5) Global Phycocyanin segment by Type, and by Application, and regional segment by Type, and by Application.

(6) Global major production regions of Phycocyanin, capacity, production and trends.

(7) Phycocyanin industry supply chain, upstream, midstream, and downstream analysis.

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
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 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