The growth of global phycocyanin market is mainly attributed to key factors such as increased adoption of phycocyanin in the manufacturing of therapeutic & nutritional products, growing reluctance towards the usage of synthetic colors, rising demand for natural blue colorants, and investments from leading color houses in the phycocyanin space. However, the high cost of natural colors and purification and extraction, the complex production procedure of spirulina, and the risk of algae contamination are factors that are expected to hinder the growth of the global phycocyanin market to some extent.
The Phycocyanin Market is expected to reach $245.5 million by 2027, at a CAGR of 28.5% during the forecast period of 2020 to 2027
Here are the top 10 companies operating in this market-
In 1981, Earthrise developed a partnership with a Japanese company, Dainippon Ink and Chemicals (DIC), a diversified product company committed to developing micro-algae for food, biochemical, and pharmaceutical applications. In 2005, Earthrise Nutritionals was wholly owned by Dainippon Ink and Chemicals (Present DIC corporation).
Also, Linablue is Earthrise Nutritional’s spirulina extract product. Phycocyanin is a natural blue pigment derived from spirulina. It can be used as a natural food colorant as well as a functional food ingredient. It is an approved natural blue colorant in the U.S., Europe, and Asia. The company offers its phycocyanin products in the powder and liquid form.
With the outdoor algae cultivation facility, which covers a total area of 180,000 square meters, the company has annual spirulina production of approximately 500 tons. Earthrise Nutritionals, LLC, and DIC LIFETEC Co., Ltd. are the wholly-owned subsidiaries of DIC, which provide spirulina in the global market. DIC has its geographic presence in Korea, Taiwan, China, America, Europe, and Asia-pacific.
Qingdao ZolanBio Co., Ltd.
Headquartered at Qingdao, China, Qingdao ZolanBio Co., Ltd. is specialized in the research, production, and marketing of natural algae extracts such as phycocyanin. The company provides safe, stable, high-quality, and reliable raw materials to the market, and consistently follows safety concepts to provide the most suitable solutions for industries such as functional foods, dietary supplements, cosmetics, pharmaceuticals, animal feed, etc.
The company has 7 cultivation farms of area 1,000,000 sq. m. The company’s production of spirulina is 1,000 metric ton per year and of chlorella is 150 metric ton per year.
The company sells 90% products to more than 30 countries of the world and 10% in domestic market. The company exports its products to the U.S., Europe, Japan, Korea, and many other countries.
Yunnan Green A Biological Project Co., Ltd.
Founded in 1997 and headquartered at Kunming, China, Yunnan Green A Biological Project Co., Ltd is engaged in developing, breeding, producing, marketing, and researching micro-algae products. Yunnan Green A Biological Project Co., Ltd acts as a subsidiary of Yunnan Spirin Biotechnology Co., Ltd. The company offers spirulina powder, tablets, and extract-phycocyanin. The company uses spirulina and Haematococcus Pluvialis in many fields, such as healthcare, medicine, cosmetics, and food. The company offers the spirulina extract- phycocyanin product in the powder form for various application such as coloring of fermented milk products, ice creams, chewing gum, soft drinks, alcoholic drinks, desserts, sweet cake decoration, and milk shakes etc. It is also used as colorant in cosmetics.
With more than 100 natural algae species for research and 680 acres of culture pond, the company has its annual microalgae production of 3000 metric ton. Further, the production process of the company is strictly implemented in accordance with GMP standards. Green A’s research & development production base is located beside Chenghai Lake, Yunnan province, which is one of the biggest three alkaline lakes in the world, naturally producing spirulina.
The company offers its products to various markets such as East Europe, Russia, Southeast Asia, Australia, New Zealand, China, and Hong Kong.
Founded in 1788 and headquartered in Chennai, India, Parry Nutraceuticals is engaged in the cultivation of three algae—spirulina, astaxanthin, and chlorella. The company is a division of EID Parry (I) Ltd, which is based in Chennai, India, and deals in sugar and nutraceuticals. The company provides organic spirulina, chlorella, and algae products such as phycocyanin in the nutraceuticals space. ‘Parry’s Spirulina’ has three major international certifications and is sold in more than 41 countries worldwide. The company has a total area of 130 acres with a pristine ground water supply for cultivation of spirulina and chlorella.
Algavista is a specialized venture between Parry Nutraceuticals and Synthite Industries, which produces natural and high-quality spirulina extract—spirulina SuperBlu. This natural blue color is derived from spirulina and is used in the pharmaceuticals, cosmetics, and food industries. Also, Parry is one of the leading suppliers to several major global health and supplement brands operating across North America, Europe, Southeast Asia, and the Far East.
Tianjin Norland Biotech Co., Ltd.
Founded in 2013 and headquartered at Tianjin, China, Tianjin Norland Biotech Co., Ltd is involved in the manufacturing of algae products and supply of organic green food for the nutraceutical, cosmeceutical, and animal nutrition industries. The company is involved in the cultivation of spirulina, chlorella, and Haematococcus, and has 1000 greenhouses. Meanwhile, the company also supply other organic green food ingredients, such as wheat grass powder/barley grass powder. The company offers phycocyanin for applications such as health food, beverages, nutritional supplements, and cosmetics. The company is also certified by ISO22000, HACCP, QS, Kosher, Halal, BRC, EU organic, and USDA-NOP organic.
With over 350,000 m2 standard farms of algae cultivation, the company produce high quality microalgae products over 1,100 tons a year. The company has a geographic presence in China.
A report into the projected growth of the current phycocyanin Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 28.5%, reaching over $245.5 billion.
Zhejiang Binmei Biotechnology Co., Ltd.
Founded in 2013 and headquartered at Zhejiang Province, China, Zhejiang Binmei Biotechnology Co., Ltd. is engaged in manufacturing high-quality and reliable (powder, liquid, and oil-soluble) spirulina extract (Phycocyanin), which is widely used in food, candies, beverages, health care, cosmetics, pharmaceuticals, etc.. The company’s blue spirulina (Phycocyanin) is mainly divided into four grades, such as food grade, cosmetic grade, medical-grade, and reagent grade. The company has the independent intellectual property rights about the blue spirulina (phycocyanin), its independent innovation of purification technology in phycocyanin has owned the national patent technology. Binmei provides both spirulina protein powder and blue spirulina liquid extract with patent certifications.
With nine technology patents, advanced equipment, and HALAL, KOSHER certification, the company has an annual output of 200 tons of phycocyanin, 200 tons of spirulina liquid extract, and 500 tons of spirulina powder. The company’s high-quality products are widely exported to the U.S., Germany, Japan, South Korea, and other countries.
Fuqing King Dnarmsa Spirulina Co. Ltd.
Founded in 1995 and headquartered at Fuqing, China, Fuqing King Dnarmsa Spirulina Co. Ltd. is engaged in the breeding, production, sales, and scientific research of algae. The farm owns seven cultivation farms, an algae research institute, and an algae product deep-processing workshop. The company offers spirulina powder/tablets, chlorella powder/tablets, phycocyanin, and Dunaliella salina.
With the algae farms at Hainan province and ISO9001:2015, HACCP, BRC, Kosher, Halal, NOP and EU organic certificates, the company produces 1600 tons of spirulina, 400 tons of chlorella, and 30 tons of phycocyanin per year.
The company’s products are exported to Europe and the United States, Australia, Southeast Asia, and other countries and regions.
Japan Algae Co., Ltd.
Founded in 1980 and headquartered in Tokyo, Japan, Japan Algae Co., Ltd. has established reliably as a company that has pillars of two fields of organic germanium with manufacturing patent and spirulina. The company is engaged in manufacturing & wholesaling supplements made from natural ingredients such as deep seawater mineral tablets, germanium, etc. It also offers phycocyanin, which is one of the photosynthetic pigments of cyanobacteria. It is used as a natural coloring agent for ice creams, sugar coatings, gums, gummies, powdered juice, rice cakes, noodles, wasabi paste, frozen confectionery, capsules, and hard candies. The company also manufactures phycocyanin for reagents for use in photosensor and cell labeling applications.
Bluetec Naturals Co., Ltd.
Founded in 1998 and headquartered in Inner Mongolia, China, Bluetec Naturals Co., Ltd supplies algae products to many companies worldwide, ranging from large multinational organizations to small individual companies. The company also produces phycocyanin products according to special requirements from customers. The company developed an innovative technology to extract phycocyanin from spirulina in 2016. The company’s offer its phycocyanin products in liquid and powder form to the various industries, such as food, cosmetics, and pharmaceuticals. The company is also certified by FSSC22000, ISO9001, HACCP, BRC, Organic, Kosher, and Halal. Besides its existing products, Bluetec Naturals also can produce blue spirulina, spirulina extract, phycocyanin products according to special formulation from its customers.
The company sales its product to various regions including North America, Southern Europe, Asia, and others.
Dongtai City Spirulina Bio-engineering Co., Ltd.
Founded in 1994 and headquartered at Dongtai, China, Dongtai City Spirulina Bio-engineering Co., Ltd. is engaged in the development, manufacture, sales, and research of spirulina and chlorella. The company offers spirulina tablets, powder, and phycocyanin powder and has a production base of 600,000 sq. meters.
The company serves customers in more than 30 countries, including the U.S., Japan, the U.K., Germany, Mexico, Italy, Canada, Malaysia, Vietnam, South Korea, Hong Kong, and Taiwan.
Popular Mentions: D.D. Williamson & Co., Inc. (U.S.), Wellisen Nutraceuticals (India), Chr Hansen Holding (Denmark), Sensient Technologies Corporation (U.S.), Naturex S.A. (France), GNT Group (Netherlands), and Sigma-Aldrich Corporation (U.S.).
Authoritative Research on the Phycocyanin Market– Global Opportunity Analysis and Industry Forecast (2020-2027)
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