Phycobiliprotein are water-soluble proteins present in cyanobacteria and certain algae, for example rhodophytes, cryptomonads, glaucocystophytes, that capture light energy, which is then passed on to chlorophylls during photosynthesis. Phycobiliproteins are formed of a complex between proteins and covalently bound phycobilins that act as chromophores. They are most important constituents of the phycobilisomes.
Scientific research shows that the phycobiliprotein can be used as a natural pigment of food, cosmetics, dyes and other industries. It also can be made into a fluorescent reagent using in clinical medical diagnosis, immune chemical and biological engineering research field. In a word, it has wide range of applications, high development and utilization value. But because of low market awareness and high price, its application market is still immature. Phycobiliprotein’s present value is about 1522 million dollars in worldwide in 2015.
According to our survey, Dainippon Ink and Chemicals from Japan is one of the earliest companies researching and manufacturing phycobiliprotein. So Japan is the biggest supplier of phycobiliprotein depending on mature technology and enough raw materials like spirulina naturally cultured. It occupies relatively large market share at about 28%.
With the huge amount of population, the demand of phycobiliprotein is large in China. But, Chinese manufacturing technology is still not mature. With the expansion of investment, phycobiliprotein industry will usher in a huge growth space.
The global Phycobiliprotein market was 30 million US$ in 2018 and is expected to 140 million US$ by the end of 2025, growing at a CAGR of 21.3% between 2019 and 2025.
This report studies the Phycobiliprotein market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Phycobiliprotein in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
King Dnarmsa Spirulina
Zhejiang Binmei Biotechnology
Nan Pao International Biotech
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Natural Food Colorant
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Phycobiliprotein market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Phycobiliprotein market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Phycobiliprotein manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Phycobiliprotein with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Phycobiliprotein submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Phycobiliprotein are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Phycobiliprotein market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Phycobiliprotein market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.