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According to a new report published by Allied Market Research, titled, Sliding Vane Air Motor Market: Global Opportunity Analysis and Industry Forecast, 2018-2025, the sliding vane air motor market accounted for $2,575.8 million in 2017, and is expected to reach $3,677.7 million by 2025, growing at a CAGR of 4.61% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market share in terms of revenue by accruing 36.0% share, which was followed by Europe.

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Sliding vane air motor are air motors that constitute multiple vanes fitted on slotted rotor. These motors utilize the energy stored in form of compressed air to exert pressure on vanes, which convert the potential energy into mechanical work by providing rotational motion to the central shaft. Moreover, increase in investment toward superior industrial tools and systems and the ability to perform efficiently in hazardous conditions with low fuel consumption boost the growth of the sliding vane air motor market. However, high energy consumption and low demand in heavy duty applications are expected to hamper the market growth.

The products segment accounted for the highest market share of about 74.00% in 2017 and is expected to grow at a CAGR of 4.34% during the forecast period. Among end-user industries, the others sector is expected to be the leading revenue contributor in rotary vane air motor market in the coming years. The industrial equipment segment accounted for a major share of about 75.00% in 2017, owing to increase in demand for tools with variable torque, speed, and fastening capabilities.

Asia-Pacific is one of the fastest growing regions in the global sliding vane air motor market. It is expected to witness higher growth rate during the forecast period, owing to increase in demand for sliding vane air motor in industrial equipment used in automotive and manufacturing industries.

The report includes a comprehensive study of major market players including are

Prominent players, such as Atlas Copco, Parker Hannifin Corporation, SANEI Co. Ltd., Ingersoll-Rand, Bibus AG, FIAM, Desoutter Industrial Tools, Globe Airmotors, Sommer-Technik, and Ferry Produits, have focused on developing new products and components to sustain the competition and expand their market presence.

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

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Key Findings of the Sliding Vane Air Motor Market:

• In 2017, the product segment dominated the global sliding vane air motor market, in terms of revenue, and is projected to grow at a CAGR of 4.34% during the forecast period
• The industrial equipment segment is projected to witness the highest revenue during the forecast period
• Asia-Pacific is expected to exhibit the highest CAGR during the forecast period.

Major market players analyzed in the report:

The report provides a study of the past and current market trends and evaluates the future opportunities. The Sliding Vane Air Motor Market  study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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According to a new report published by Allied Market Research, titled,”Lock Washer Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the lock washer market size accounted for $673.7 million in 2017, and is expected to reach $1,251.5 million by 2025, growing at a CAGR of 8.2% from 2018 to 2025. In 2017, Asia-Pacific dominated the global lock washer market, in terms of revenue, accounting for about 38% share of the global market, followed by North America.

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Lock washers are a type of hardware that are used to resist loosening of bolted joints. A lock washer can hold the nut or other threaded fastener in place. These washers, placed under the nut or screw head, prevent fastening or loosening by preventing unscrewing rotation of the fastening device. Lock washers are mostly made up of metal. Steel is the most commonly used in the production of washers. Steel washers include carbon steel, spring steel, and stainless steel. Other metals in which washers are available include copper, brass, aluminum, titanium, bronze, zinc, and iron. Split and tooth lock washers are the two most popular lock washer types. Split washers look like a ring with uneven ends. The benefit of split lock washers lies in the spring-like shape of the washer. When compressed to loads near the proof strength of the bolt, it will twist and flatten. There are different types of tooth lock washers such as internal, external, internal-external, and countersunk external. These washers create a tooth action by biting into the nut or screw head and the surface it contacts.

The global lock washer market has witnessed a substantial growth over the past few years and expected to record similar growth during the coming years. Increase in demand for lock washers in the automotive, aerospace, machinery, and construction industries is expected to drive the market growth during the forecast year. In addition, increase in industrialization and urbanization, particularly in the emerging markets, further fuels the market growth. However, corrosion to these washers, rise in cost of steel, and fluctuating foreign exchange are anticipated to hinder the market growth. Furthermore, rise in demand for automotive in developing countries, availability of low-cost and efficient manufacturing particularly in Asia-Pacific region, and increase in demands for machineries provide lucrative growth opportunities for the lock washer market.

The automotive industry secured the highest share of about 31.1% in the global lock washer market in 2017 and is expected to grow at a CAGR of 8.4% during the forecast period. In terms of product types, split lock washers are expected to account for the highest market share in the coming years.

The report includes a comprehensive study of major market players including are

The major players operating in the lock washer market include Nord-Lock, Shakeproof, Disc-Lock Inc., Schnorr, Titan Fasteners, Hangzhou spring washer Co., Ltd., Midwest Acorn Nut Co., HEICO-LOCK (HWICO Group), Earnest Machine, and Wrought Washer Manufacturing, Inc.

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

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Key Findings of the Lock Washer Market:

• In 2017, the spilt lock washer product segment dominated the global lock washer market in terms of revenue, and is projected to grow at a CAGR of 8.1% during the forecast period.
• The automobile and machinery & equipment industries are expected to be the largest customers for the lock washer players as the two contributes for around 49% share of the total lock washer market globally.
• Asia-Pacific is projected as one of the most dominant regions in the lock washer market and is expected to witness a high growth rate of around 8.6% during the forecast period.

Major market players analyzed in the report:

The report provides a study of the past and current market trends and evaluates the future opportunities. The Lock Washer Market  study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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According to a new report published by Allied Market Research, titled, Thermo ventilators Market by Product, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global thermo ventilators market was valued at from $2,332 million in 2016, and is expected to reach $3,718 million by 2023, registering a CAGR of 7.1% from 2017 to 2023. Asia-Pacific is expected to exhibit lucrative growth opportunities, owing to the growth in commercial sector.

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The demand for global thermo ventilators industry is mainly driven by its ability to automatically adjust the ventilation system as per the occupants thereby making it energy efficient and its increasing application in commercial sector. Moreover, growth in awareness about thermos ventilators among the residential sector is also expected to contribute significantly to the demand for thermos ventilators during the forecast period. However, the initial investment of thermo ventilators is expected to pose a major challenge for the global market growth.

Among its application, commercial segment is expected to generate the maximum revenue in the global market during the forecast period, and is expected to account for $2,255 million until 2023. Residential sector is expected to register the fastest CAGR of 7.5% during the forecast period.

Major market players analyzed in the report:

The report includes a comprehensive study of major market players including are

The key players operating in the global thermo ventilators market are Panasonic, Whirlpool, Lennox International Inc., Vaisala, Mistubishi Electric, Honeywell International Inc., Aereco, Swegon Group AB, Siemens, and Sauter Controls GmbH.

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

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Key Findings of the Thermo Ventilators Market:

• The global thermo ventilators market is expected to grow at the CAGR of 7.1% during the forecast period, thereby expanding the opportunities for the industry.
• The window mounted, among the various types of thermo ventilators market is expected to witness the highest CAGR as compared to other product types.
• North America is expected to be the highest revenue contributor in 2016.

The report provides a study of the past and current market trends and evaluates the future opportunities. The Thermo ventilators Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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Smart Cooling Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $137,548 million by 2022, registering a CAGR of 52.4% during the period 2014 – 2022.

The smart cooling system comprises smart air-conditioners and smart refrigerators. These cooling systems are autonomous and can be easily monitored, controlled, and optimized from remote location via any connected devices such as tablets and smartphones. These systems find applications in residential, commercial, and industrial sector.

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Changing lifestyle and consumer shift towards smart or connected products have encouraged prominent players to bring innovation in the wireless communication and connectivity technology. In addition, the demand for smart cooling systems is gaining traction especially from residential and commercial sectors owing to increase in need for effective and efficient cooling systems in smart cities and data centers, respectively. This trend is projected to continue in the future and drive the market growth.

By type, the smart split AC segment dominated the market in 2014 with around 74% market revenue share. Furthermore, the segment is projected to continue its dominance throughout the forecast period, owing to the increase in the application of smart split ACs in data centers and smart buildings.

Based on geography, the smart cooling systems market is segmented into four major regions, namely North America, Europe, Asia-Pacific, and LAMEA. Europe was the highest revenue contributor in 2014, accounting for around 35% share of the overall smart cooling systems market size. The Asia-Pacific market is projected to grow at the highest CAGR of 59.1% during the forecast period owing to increased penetration of smart air-conditioners and smart refrigerators in residential as well as commercial sectors.

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Major market players analyzed in the report:

The report includes a comprehensive study of major market players including are

The report features a competitive scenario of the smart cooling systems industry and provides comprehensive analysis of key growth strategies adopted by major players. Some of the key players operating in the smart cooling systems market include Mitsubishi Electric Corporation, LG Electronics Ltd., Samsung Electronics Co. Ltd., Videocon Industries Ltd., Daikin Industries Ltd., Voltas Ltd., Fujitsu General Ltd., Blue Star Ltd., Friedrich Air Conditioning Co., Ltd., and Electrolux AB.

 The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

Key Findings of Smart Cooling Systems Market :

• The smart split AC segment dominated the smart cooling systems industry in 2014, and is expected to grow at the highest CAGR.
• Among system types, the smart chiller segment is projected to create significant growth opportunities for prominent players operating in the global market.
• Europe dominated the global market in 2014, however by 2022, Asia-Pacific is projected to surpass Europe in terms of adoption of smart cooling systems.
• U.S. was leading in terms of spending on smart cooling systems in 2014, followed by Germany. In addition, India, China, and other emerging markets are projected to provide significant opportunities for major players operating in the market.

The report provides a study of the past and current market trends and evaluates the future opportunities. The Smart Cooling Systems Marketstudy focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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The global rainscreen cladding market size was $113,313.0 million in 2020 and is expected to reach $206,638.0 million by 2030, registering a CAGR of 6.0% from 2021 to 2030. 

The market study incorporates an in-depth analysis of the Rainscreen Cladding Market based on the key parameters that take in the drives, sales inquiry, and market extents & share. Moreover, the report provides a detailed measurements about the drivers, growth, and opportunities that have a direct influence on the market. The report, further, focuses on assessing the market size of four major regions, namely North America, Europe, Asia-Pacific, and LAMEA. The research study is designed to help the readers with an exhaustive valuation of the current industry trends and analysis.

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Competition Analysis

The key players profiled in the market report include Rockwool International A/S, Kingspan Group, Sika AG, SFS Group AG, CGL Systems Ltd, Trespa International B.V., Valcan, Sotech Optima ALL, The Clarison Group Ltd (Alucraft Ltd), and Euro Panels Overseas N.V. 

Major players are adopting acquisition and product launch as key developmental strategies to improve the product portfolio of the global rainscreen cladding market. For instance, in April 2018, Sotech Optima ALL launched an aluminum composite material consists of aluminum skids and plastic core. It possesses features such as lightweight, high rigidity, excellent flatness, and long-lasting coating qualities. It is eco-friendly and environmentally sustainable.

The study will help the readers-

• Acknowledge the complete market dynamics.
• Inspect the competitive scenario along with the future market landscape with the help of different strictures such as Porter’s five forces and parent/peer market.
• Understand the impact of government regulations during the Covid-19 pandemic and evaluate the market throughout the global health crisis.
• Consider the portfolios of the major market players operational in the market coupled with the comprehensive study of the products and services they offer.

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Main Offerings-

• The report crafted by AMR on the Rainscreen Cladding Market doles out a wide-ranging study of global market share, key determinants of the growth, country-level stance, segmental assessment, market prospects, and the major trends.
• Porter’s five forces model, on the other hand, cites the efficacy of buyers & sellers, which is important to help the market players implement fruitful stratagems. Furthermore, the research study includes
  • Threat of new competitors
  • Threat of new stand-ins
  • Bargaining clout of suppliers as well as consumers
  • Rivalry among key players

• An explicit analysis of the driving and restraining factors of the global Rainscreen Cladding Market is also provided in the report.

The Rainscreen Cladding Market also focuses on the key players operating in the sector.  Their product portfolio, business tactics, company profiles, and revenue share are also perfectly delineated in the report. Finally, the study delineates the strategies such as partnership, expansion, collaboration, joint ventures, and others implemented by the frontrunners to heighten their status in the sector.

COVID-19 Scenario-

The research study showcases the thorough impact analysis of COVID-19 on the global Rainscreen Cladding Market. The unprecedented situation had distressed the global economy and the Rainscreen Cladding Market was impacted badly, especially during the initial phase. The report also takes in the details about the market extents during this pandemic. Moreover, the study provides a large-scale study of the policies & plans executed by the key players all over this term. At the same time, it also cites the post-pandemic scenario, since the majority of government bodies have come up with slackening measures on the existing rules, when major vaccination drives have also been initiated across the world. With this drift on board, the global Rainscreen Cladding Market is projected get back on track very soon.

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According to a new report published by Allied Market Research, titled, “Algae protein market by type, and application: global opportunity analysis and industry forecast, 2021–2028,” the algae protein market size was $361.4 million in 2020, and is projected reach $709.0 million by 2028, registering a CAGR of 8.9% from 2021 to 2028.

Algae protein can be alternative source of protein and is expected to witness increased adoption in upcoming years. Industrialized animal agriculture results multitude of problems including negative impact on environment. Animal husbandry is a leading contributor to a number of global issues, including deforestation, climate change, biodiversity loss, pollution, antibiotic resistance, soil erosion and degradation, water overuse, and zoonotic diseases. Livestock contributes both directly and indirectly to climate change through emissions of green hose gases such as N2O, CO2, and CH4. As a result, alternative proteins sourced from algae have immense potential to create food products that are healthier and more ecologically sustainable. Thus, complex ecological and environmental problems associated with animal agriculture is expected to result in paradigm shift toward algae related products.

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Furthermore, algae can be cultivated in both freshwater & saline water and on non-arable land as well. In addition, algae produces higher protein per unit area per unit time when compared to traditional crops. Protein yield from microalgae has been reported to range from 4 to 15 tons/ha/year compared to protein productivity of 0.6 to 1.2 tons/ha/year from soybean. Thus, presence of high protein content in algae is expected to augment the market growth in coming years.

Algae protein supplemented functional food products are still in their nascent stages in various developing as well as developed regions. These are still untapped, which presents a remunerative opportunity for manufacturers of algae protein in the functional food market. Multiple companies invested in research and development to launch unique and innovative products using Spirulina. For instance, squeeze dried launched spirulina flavored mermaid lemonade. Various other manufacturers are also launching spirulina infused drinks and foods. Furthermore, consumers across the globe are becoming aware about benefits regarding protein supplements, which is expected to provide lucrative opportunities for the market.

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The COVID-19 pandemic have positively impacted the global algae protein market. However, engaged players have witnessed widespread disruptions in supply chains during the initial few months of pandemic.

Nevertheless, algae protein has seen huge demand, owing to growth in consumer consciousness regarding health and fitness during the pandemic.

The global algae protein market is segmented on the basis of type, application, and region. On the basis of type, the market is bifurcated into spirulina and chlorella. By application it is segmented into nutraceuticals/supplements, food & beverages, and others. Region wise, it is analyzed across market is studied across North America, Europe, Asia Pacific and LAMEA.

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Key Findings Of The Study

By region, North America dominates the global algae protein market, and is expected to retain its dominance during the forecast period.
By type, the spirulina segment led in terms of market share, in 2020; and is expected to grow with robust CAGR in the upcoming years.
By application, the nutraceuticals/supplements segment accounted for more than four-fifths of the market share of the algae protein market in 2020; and is projected to grow at the highest CAGR during the forecast period.
By type, the chlorella segment is expected to lose some market share in the upcoming years.
By region, Asia-Pacific is anticipated to grow with a robust CAGR during the forecast period.

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Some of the major players profiled for in the algae protein market analysis includes Cyanotech Corporation, C.B.N. Bio-engineering Co., Ltd, Far East Microalgae Industries, Co., Ltd., Fuqing King Dnarmsa Spirulina Co., ltd., Gong Bih Enterprise Co., Ltd., Algenol biotech, Sun Chlorella Corporation, NB Laboratories, Taiwan Chlorella Manufacturing Company Ltd, and Tianjin Norland Biotech Co., Ltd

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
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According to a new report published by Allied Market Research, titled, “Textured Vegetable Protein Market by Product Type, Form, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2027,” The global textured vegetable protein market size was valued at $987.9 million in 2019, and is projected to reach $2,139.6 million by 2027, registering a CAGR of 9.2% from 2021 to 2027. Textured vegetable protein is plant-based protein that acts as a replacement for animal-based protein such as egg, meat, and others. The demand for textured vegetable protein is expected to experience growth due to increase in demand from the health-conscious consumers looking for protein rich food.

The outbreak of COVID-19 has positively impacted the textured vegetable protein market growth in terms of value sales. Consumers are avoiding meat and meat products and are replacing it with the textured vegetable protein which has similar texture and taste like meat, during the pandemic. This turn boost the growth of the textured vegetable protein market amidst of the global health crisis.

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Furthermore, the demand for textured vegetable protein is anticipated to increase due to surge in need for nutritional food in the market. Consumers are shifting their focus toward healthy diets and are increasing their intake of protein owing to increase in awareness about the benefits offered by nutritional and health products. This in turn significantly contributes toward the growth of the textured vegetable protein market.

The textured vegetable protein market segment is categorized into product type, form, end user, and region. By product type, it is bifurcated into textured soy protein and others. By form, the market is classified into flakes, granules, chunks, and others. By end user, it is divided into business to business and business to consumers. By region, the textured vegetable protein market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

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By product type, the others segment is expected to grow at the highest CAGR during the textured vegetable protein market forecast period owing to the increase in consumer awareness regarding animal cruelty and the negative impact of meat products on human health.

By form, the flakes segment is anticipated to grow at the highest CAGR during the forecast period owing to the rise in adoption of textured vegetable protein in flakes form in restaurants in various meals including burgers, soups, and others as a meat analog.

By end user, the “business to business” segment is expected to grow at the highest CAGR during the forecast period owing to the surge in number of restaurants that are offering textured vegetable protein in their menu owing to the rise in number of health-conscious consumers.

By region, Asia-Pacific is anticipated to grow at the highest CAGR during the textured vegetable protein market forecast period. Asian consumers have been seeking beyond food and drink to functional foods to boost their wellbeing with the rise in health and wellness trend in the region.

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Key findings of the study

By product type, the textured soy protein segment accounted for the highest textured vegetable protein market share in 2019, growing at a CAGR of 9.0% from 2021 to 2027.
By form, the chunks segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period.
By end user, the business to consumer segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period.
By region, North America accounted for highest share in 2019 and is expected to grow at a CAGR of 7.9% during the forecast period.

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Some of the prominent players operating in the global textured vegetable protein industry analyzed in this report include Archer Daniels Midland Company, Cargill, Incorporated Inc., Du Pont de Nemours and Company, Foodchem International Corporation, Hung Yang Foods Co., Ltd., Sonic Biochem Extraction Pvt Ltd, Südzucker Group(Beneo), Victoria Group A.D. ,and Wilmar International Limited

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

According to a new report published by Allied Market Research, titled, “Global Phycocyanin Market by Form, Grade and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global phycocyanin market size is expected to reach $409.8 million by 2030 at a CAGR of 9.6% from 2021 to 2030.

Phycocyanin belongs to the light harvesting phycobiliprotein family. It is found in Cryptophyceae, cyanobacteria, Rhodophyceae and according to the species it is called as C-PC and R-PC. It has been gaining major popularity in medical and biotechnology filed as C-phycocyanin isolated from S. platensis having many therapeutic efficacies such as anticancer properties, free radical scavenging activity, and antioxidant and anti-inflammatory properties.

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The phycocyanin market is segmented on the basis of form, grade, application, and region. On the basis of form, the market is categorized into powder and liquid. On the basis of grade, the market is divided into food grade, pharma grade and reagent & analytical grade. By application, it is segregated into food & beverages, pharmaceuticals, cosmetics, nutraceuticals and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).

According to the phycocyanin market trends, on the basis of form, the liquid segment was valued at $11.8 million in 2020, and is projected to reach $39.0 million by 2030, registering a CAGR of 12.1% from 2021 to 2030. Liquid phycocyanin has been gaining significant traction among end users as liquid phycocyanin is more concentrated than powder so food & beverages manufacturing companies need liquid phycocyanin in lesser quantity.

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On the basis of grade, the reagent & analytical grade segment is estimated to reach $14.8 million by 2030, at a CAGR of 10.1%. The grades of the phycocyanin are based on the purity of the phycocyanin and on the basis of purity, it is used in various applications such as pharmaceutical, biomedical, and food & beverages. C-PC purity is defined as the ratio between the absorbances at 620 nm and 280 nm; when this ratio is ≥ 0.7, C-PC is considered to be of food grade purity and when ≥ 4.0 it is considered to be of analytical grade purity. Analytical grade phycocyanin is used for pharmaceutical and nutraceuticals applications as it is a nontoxic and non-carcinogenic natural coloring agent.

As per application, the cosmetic segment is estimated to reach $32.7 million by 2030, growing at a CAGR of 10.9%. Phycocyanin has been gaining considerable popularity cosmetic and personal care industry, owning to its free radical scavenging and anti-inflammatory properties. Growth in demand for premium cosmetic products and greater acceptance for the organic and natural ingredient-based cosmetic products are likely to surge the growth of the phycocyanin through cosmetic segment. For instance, Kunye’s Nourish Face Mask has gained major popularity among the health-conscious customers. Nourish Face Mask is an organic face mask that combines formula such as phycocyanin, wheatgrass, neem, sea kelp, and Canadian bentonite Clay.

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Region wise, Europe has been gaining considerable traction in the phycocyanin market, and is expected to grow at a significant CAGR during the forecast period. EFSA, the regulatory agency of EU countries for food safety, has banned the use of synthetic colors in the products consumed in EU countries, which is expected to boost the growth of the natural color market. Changes in consumer preferences toward nutritious and healthy products is the new trend for which companies are launching innovative products to supplement the demands of the modern society. Thus, growing demand for organic and natural food color and high inclination toward nutritious foods products are expected to accelerate the growth of the Europe phycocyanin market during the forecast period.

Key findings of the study

The phycocyanin market was valued at $155.3 million in 2020, and is estimated to reach $409.8 million by 2030, growing at a CAGR of 9.6% during the forecast period.
By form, the powder segment is estimated to witness the fastest growth, registering a CAGR of 9.4% during the forecast period.
In 2020, depending on application, the nutraceuticals segment was valued at $18.9 million, accounting for 12.2% of the global functional pet food market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $107.8 million by 2030, growing at a CAGR of 7.9% during the forecast period.

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The players operating in the phycocyanin industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bluetec Naturals Co., DDW Inc., DIC Corporation, Earthrise Nutritionals LLC, Japan Algae Co. Ltd., Parry Nutraceuticals, Phyco-Biotech Laboratories, Qingdao ZolanBio Co. Ltd., Sigma-Aldrich Corporation, and Yunnan Green A Biological Project Co. Ltd.

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