Phycocyanin Market - Forecast 2021 - 2026
Phycocyanin Market Overview Phycocyanin market size was estimated at $132.45 million in 2020, growing at a CAGR of 8.2% during the forecast period 2021-2026. Phycocyanin is a pigment-protein complex from the light-harvesting phycobiliprotein family. It is a light-harvesting, pigment-binding protein isolated from algae. Phycocyanin are photosynthetic pigments unique to cyanobacteria Phycocyanin. (PC) derived from blue-green algae and red algae are classified as C-PC and R-phycocyanin (R-PC). Phycocyanin contains vitamin B12, which helps the immune system work normally. It can be safely consumed by both adults and children. Phycocyanin also contains a lot of phycobiliproteins and essential amino acids that helps the body make elastin, and has anti-cancer properties. It has therapeutic properties for diabetes, cancer, and other cardiovascular issues. Increasing demand of phycocyanin from food and beverage, nutraceuticals industries coupled with growing awareness about nutritional benefit...