Phycoerythrin Market Key Highlights:
- Market Size (2024): USD 6,110 Million
- Projected Market Size (2034): USD 10,410 Million
- CAGR (2024-2034): 5.47%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Phycoerythrin Market Definition
Phycoerythrin (PE) is a red protein-pigment complex present in red algae, cryptophytes, and cyanobacteria. The rising application of natural colour pigments in the food and beverage and in the pharmaceutical products including bakery and confectionary, processed foods, instant foods, medicines, syrups, and others contributing to the overall growth of the market. Other factors responsible for the rapid growth of the phycoerythrin market is majorly driven by the several factors such as increasing demand for phycoerythrin as a natural colorant, rising popularity for clean-label products, and increasing health related benefits associated with algae-based products. The market is experiencing significant advancements in biotechnology and emerging applications in the diagnostic and healthcare sectors.
The rising shift towards eco-friendly and sustainable products, fuelling the demand for phycobiliproteins derived from microalgae. Constant research and development efforts are improving the existing process for the production of target products are projected to create significant opportunities for the growth of the market. This continuous development boosts the sales of phycoerythrin as a widespread application across a range of industries. Phycoerythrin (PE) finds various uses across various industries Food and beverages Industries, cosmetics, pharmaceuticals, and Biotechnology.
Phycoerythrin Market Segmentation:
By Process of Extraction
- Buffer Extraction
- Cell Wall Extraction
- Hydrolysis Extraction
By Form
By Product Type
By End Use Application
- Pharmaceutical Industry
- Food Industry
- Cosmetics Industry
- Diagnostic Industry
- Biotechnology
- Agricultural Industry
Phycoerythrin Market Companies:
- Thermo Fisher Scientific Inc.
- Eurogentec
- Dainippon Ink and Chemicals
- Procurement Limited
- Norland Biotech
- Abcepta
- Europa Biotechnology
- Anaspec
- Jackson Immuno Research
- Chemscene
- SETA BioMedicals
- Agilent Technologies
- Assay Biotech Company Inc.
- Fivephoton Biochemical
- R&D Systems Inc.
- Binmei Biotechnology
- Columbia Bioscience
- Sigma-Aldrich
- Vector Laboratories
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