The global phycoerythrin market size is estimated to be worth USD 4.8 million in 2024, and is projected to reach a value of USD 10.3 million by 2034, growing at a compound annual growth rate of 8.1% over the assessment period of 2024 to 2034.
The increased application of natural colour pigments in the food and beverage as well as in the pharmaceutical products such as processed foods, bakery and confectionary, instant foods, medicines, syrups etc. has led a surge in the target market across the globe.
Continuous research and development also improve the existing process for the production of target products reshaping the phycoerythrin market. This continuous development led to new opportunities and pushed the sales of phycoerythrin as a widespread application across a range of industries. This increased application of products in various fields is driven by the ongoing development in the production, purification, and supply of phycoerythrin to the widespread industrial end-use. Continuous development in the target product extraction, purification, and microencapsulation technology which increases its efficiency and stability to withstand any process and application such as for research and study, pharmaceutical, cosmetic, food and beverage industries, etc.
Brands leverage their extensive distribution channels by collaborating with distributors and wholesalers globally. Key market leaders utilizes its extensive global distribution network to ensure that its products are available in multiple markets, ranging from food service to industrial applications.
Key Takeaways from Market Study:
- The phycoerythrin market will reach nearly USD 4.8 million by 2024.
- The United States phycoerythrin market is expected to register 6.9% CAGR between 2024 and 2034.
- The Australia phycoerythrin market is expected to register 9.8% CAGR between 2024 and 2034.
- Top countries driving the phycoerythrin demand are United States, China, India, Germany, and Australia.
Who is winning?
Key players in the market are engaging in collaboration and partnership to create innovative products. MNC’s focus on expanding their geographical presence, and local players focus on catering to niche segments of the market by collaborating with other companies.
- Agilent technology launches the R-Phycoerythrin (R-PE) Conjugation Kit contains everything that is needed to conjugate up to 1 mg (~1000 tests) of your antibody to RPE.
Leading Phycoerythrin Brands
- 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
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Key Segments of Market Report
By Process of Extraction:
As per the process of Extraction, the industry has been categorized into Buffer Extraction, Cell Wall Extraction, and Hydrolysis Extraction.
By Form:
This segment is further categorized into Freeze dried and Liquid form
By Product Type:
This segment is further categorized into R-PE, B-PE, and C-PE
By End Use Application:
This segment is further categorized into the Pharmaceutical Industry, Food Industry, Cosmetics Industry, Diagnostic Industry, Biotechnology, and Agricultural Industry.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
