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Polyamide is among the more dominant of engineering plastics with applications in various end-user industries including automotive, electronics, construction, sports equipment and consumer goods. Polyamide, also known as nylon occurs in nature in form of silk and wool and can be produced artificially through polymerization.

Polyamide-66 and polyamide-6 are among the most dominant artificially made polyamide employed mainly in the production of fibers. Polyamides such as polyamide-11, polyamide-12 are employed primarily as engineering plastics.

Undecanoic acid and sebacic acid derived from castor oil areamong the most dominant raw materials used in the production of bio based polyamide. Owing to the eco logical benefits, bio based polyamides are gaining acceptance and are anticipated to be the fastest growing product segment during the forecast period.

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Caprolactam, Adipic Acid and Hexamethylenediamineare dominant precursors for polyamides.Caprolactam, a monomer of polyamide 6 is the most dominant precursor. Automotives is the largest application segment for polyamide and the trend is expected to continue in the near future. Demand for polyamide in packaging applications is expected to outdo other application segments in terms of growth rate during the forecast period.

Several end user industries for polyamide include consumer goods hence, GDP growth rate and increasing disposable income of people in a region are some of the important determinants for polyamide demand in a region.

Characteristics such as light weight, abrasion resistance and chemical resistance of polyamide make polyamides suitable for transportation applications. Transportation applications have been a major factor driving demand for polyamides. Castor oil is the most dominant raw material employed in the production of bio based polyamide.

India is among the leading suppliers of castor oil and is also expected to be among the fastest growing region for the demand of bio-polyamide, specialty polyamide and precursors. Growing investment in the emerging economies of India, China and Brazil is expected to drive market growth during the forecast period.

Petroleum based products are used in the production of several specialty polyamide. Therefore, volatile pricing of raw material has been a major restraint for these polyamides. Increasing research and development activities to improve efficiency of bio based polyamide is expected to offer huge growth opportunity in the market.

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Asia Pacific dominates the global demand for bio-polyamide, specialty polyamide andprecursors and the trend is expected to continue during the forecast period. Increasing industrial investment and high economic growth rate in the emerging economies of India and China has been a major factor driving demand for bio-polyamide, specialty polyamide andprecursors in the region.

China dominates the global bio-polyamide, specialty polyamide andprecursors both in terms of production and consumption. North America is the second largest consumer for polyamides.

Demand for bio-polyamide, specialty polyamide andprecursors in North America and Europe is anticipated to grow at a sluggish rate primarily owing to market saturation in various end user industries. Emerging economies in South America are anticipated to drive the demand for polyamide in the RoW region.

Bio-polyamide, specialty polyamide andprecursors market is concentrated and dominated by few major players. Ascend Performance MaterialsInc., E. I. du Pont de Nemours and Company, Honeywell International Inc.,Li Peng Enterprise Co., Shenma Industrial Co. Ltd., Nantong Jingshan Polyamide Fibre Co., Ltd., Synergy Polymers are some of the major players in the bio-polyamide, specialty polyamide andprecursors market.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Plant-derived chelating agent market is segmented on the basis of their applications in different industries such as food and beverages, household & cleaning products, personal care, pharmaceuticals, pulp & paper industry, water treatment, textile, agrochemicals, photography, and others. Amongst all segments plant derived chelating agent major market demand comes from pulp and paper industry followed by household and cleaning. However, pharmaceuticals, food and beverages, personal care, and agrochemicals segments possess significant market demand for plant-derived chelating agents.

Plant-derived chelating agent market further segmented on the basis of forms as, powdered and liquid form. Depending on the source, application and packaging condition required for particular chelating agent they are stored in either powdered or liquid forms.

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Plant-derived chelating agent market later segmented on the basis of regions as, Latin America, North America, Europe, Asia Pacific Excluding Japan, Middle East and Africa, and Japan.

Chelating agents are the chemicals possess ability to form one or more bonds with metal ions or metallic compounds or other substances. Chelating agents also called as sequencing agents or cheaters. Chelating agents inhibit microbial growth, extract heavy metals by binding them. And hence their has broad application range in different industries such as cosmetics, water treatment, food and beverages, household cleaning, paper industry, textiles, agrochemicals, pharmaceutical etc., due to their unique metal ion binding properties. In food and beverages chelating agents improve the efficacy of preservatives and antioxidants.

EDTA, DTPA, and phosphates are commonly used chemical or synthetic chelating agents has proven harmful to biological system. With increasing environmental and health concerns, industries are emphasizing on use of naturally derived bio-degradable chelating agents. Plant derived chelating agents includes, sodium phytate or phytic acid, sodium gluconate, citric acid, etc. These are derived from the plants such as rice, wheat, corn, citrus fruits, sweet potatoes, sugar cane, apples, cilantro etc.

Plant-derived Chelating Agent Global Market Trends and Market Drivers:

Increasing demand for natural based ingredients in almost all industries is major market driver of plant-derived chelating agents. Rising health awareness and increasing health concerns related with communal diseases among the global population are expected to drive the demand of natural products, resulting in the market demand and growth of plant-based chelating agents.

Harmful effects of synthetic chelating agents such as EDTA, fueling market demand for  plant-derived chelating agents .Increased environmental and health concerns with regards to use of synthetic chelating agents are another major market driver for plant-derived chelating agent’s market.

The stringent environmental and water conservation regulations by various governments in Latin America and European markets are fueling market demand for plant-derived chelating agents.

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Plant-derived Chelating Agent Global Market Regional outlook:

In regional outlook North America is the major market for plant-derived natural chelating agents. The U.S accounts for significant shares in the global plant-derived chelating agent’s market. After North America, Europe is another major market as well as manufacturer of plant-derived chelating agents in terms of value, with Germany standing at first rank for manufacturing as well as consumption.

However emerging markets demand for use of natural products in personal care, pharmaceutical, food and beverages industries etc., is driving market demand for plant-derived chelating agent , in Asia pacific region. And emerging economies such as, China, India, Indonesia are expected to show significant market growth for plant-derived chelating agent in the region.

Plant-derived Chelating Agent Market Key Players:

Key market players manufacturing plant-derived chelating agents include ADM,Cargill Incorporated, Kemira Oyj, The Dow Chemical Company, Nippon Shokub, BASF SE , and Akzo Nobel NV etc.

The report covers exhaustive analysis on:

• Plant-derived Chelating Agent Market Segments
• Plant-derived Chelating Agent Market Dynamics
• Historical Actual Market Size, 2014 – 2015
• Plant-derived Chelating Agent Market Size & Forecast 2016 to 2026
• Plant-derived Chelating Agent Market Supply & Demand Value Chain
• Plant-derived Chelating Agent Market Current Trends/Issues/Challenges
• Plant-derived Chelating Agent Players Competition & Companies involved
• Plant-derived Chelating Agent Market Technology
• Plant-derived Chelating Agent Market Value Chain
• Plant-derived Chelating Agent Market Drivers and Restraints

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Regional analysis for Plant-derived Chelating Agent Market includes

• North America
  • US
  • Canada
• Latin America
  • Argentina
  • Mexico
  • Brazil
  • Rest of Latin America
• Western Europe
  • Germany
  • Italy
  • UK
  • France
  • Spain
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (A&NZ)
  • China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• The Middle East and Africa
  • GCC Countries
  • North Africa
  • South Africa
  • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.

Plant Derived Chelating Agent Market

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 4-years.

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Humectants are hygroscopic substances that are used to keep things moist. Humectants consists of various hydrophilic groups such as amines and carboxyl and hydroxyl groups. Humectants include polysaccharides, proteins, alcohols, acids, urea, aloe Vera, glycerin and sorbitol. The major applications of humectants include medicines, cosmetics, pesticides and paints & coatings. Various factors that are driving the global humectants market are increasing demand from the cosmetic industry and changing lifestyle which is anticipated to fuel the cosmetics market.

Some of the humectants are derivatives of petroleum products and are subjected to price volatility as they are derived from crude oil. Various players operating in the global humectant market leverage opportunity due to the technological up-gradation in the cosmetics and food industry. Global humectants market is exhibiting the remarkable growth owing to increasing population and increasing construction industry which drives the paint and coating market and in turn drives the global humectants market over the forecast period.

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Humectants Market: Drivers

Major factors that are expected to fuel the growth of humectants market are increasing usage of humectants in medicines coupled with the rising  usage of the humectants in  the food products. For example polydextrose is the food additive that is used as substitute for sugar in food products. However major restraint that is expected to hamper the market growth of the humectants is the adverse effect of humectant on consumer health.

For example polydextrose and hyaluronic acid can cause cancer when consumed in high dosage. Other factor that is expected to hinder the market growth of the global humectant market is price volatility as some humectant are made from crude oil.

Humectants Market Segmentation

Global humectants market is segmented on the basis of type, application and region. Based on the type segmentation includes proteins, acids, polysaccharides, alcohol and small molecules such as glycerin, urea, sorbitol and aloevera. Of which protein is anticipated to be the dominating segment owing to the presence of various health benefits associated with its consumption such as simulation of essential hormones and enzymes.

On the basis of application humectants market is segmented into cosmetics, pesticides, medicines, paints and coatings. Among all the sub segments of the humectants market cosmetics sub segment is anticipated to witness remarkable growth over the forecast period followed by the medicines segment. Global humectants market is segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East and  Africa and Japan.

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Humectants Market: Region-wise Outlook

The Global humectants market is expected to witness significant growth over the forecast period due to the rising demand for medicines coupled with increasing awareness health awareness among consumers. Globally, among all the regions, North America is expected to contribute the highest market share followed by European region over the forecast period due the FDA approval for using humectants in food products.

In Europe the usage of humectants is limited owing to the less usage of humectants in cosmetics and more emphasis of government to use natural humectant in comparison to synthetic humectants owing to less harmful effects associated with the natural humectants. However, Asia Pacific is expected to be the fastest growing market owing to the rising disposable income coupled with changing lifestyle of consumers is expected to support the market growth of the cosmetics market which eventually drives the market growth of humectants market.

Humectants Market: Key Players

Major companies operating in humectants market are BASF SE, Wuhan Sanjiang Space Gude Biotech Co., VMP Chemiekontor GmbH, The Lubrizol Corporation, Vantage Specialty Ingredients, Inc., and The Dow Chemical Company among others.

The report covers exhaustive analysis on:

• Humectants market Segments
• Humectants market Dynamics
• Historical Actual Market Size, 2014 – 2015
• Humectants market Size & Forecast 2016 to 2026
• Supply & Demand Value Chain
• Humectants market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Humectants market Drivers and Restraints

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Regional analysis for Humectants Market services includes

• North America
  • US & Canada
• Latin America
  • Brazil, Mexico, Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Humectants Market

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 4-years.

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The global Turmeric market is prognosticate to witness a significant rise in coming years. The worldwide turmeric market is very aggressive and broadened because of the nearness of a substantial number of provincial and universal sellers over the globe. A portion of the central point in charge of the developing deals volume and market offer of the seller incorporate organization’s image esteem, nature of turmeric, estimating, dispersion, and other such separating factors.

Additionally, these merchants confront market difficulties, for example, extraordinary rivalry, fluctuating crude turmeric costs, and dangers related with unfavorable climate conditions.

Moreover, to maintain in the market, these merchants are progressively concentrating on recognizing their item offerings through an unmistakable and one of a kind incentive. The food and beverage fragment represented the larger part market share amid 2016 and will keep on dominating the market for the following four years.

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Earth Expo Company, Shah Ratanshi Khimji, ITC Spices, Nani Agro Foods are some of the prominent players in the global turmeric market. Apart this, Gandhi Spices, Green Earth Products, Shalimar Food Products, Taj Agro International, Everest Spices, Grover Sons, MDH Spices, and Sino-Nature are some of the other major players in the worldwide market.

As per a report by Future Market Insights titled, “Turmeric Market: Western Europe to Dominate in Terms of Value Share Throughout the Forecast Period: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)”, income from worldwide turmeric was evaluated more than US$ 2,700 mn in 2012 and more than US$ 3,160 mn in 2016.

The worldwide turmeric market is estimated to achieve a market valuation of somewhat more than US$ 5,650 Mn before the finish of 2027, extending at a CAGR of 5.5% over the gauge time frame. As far as volume, the utilization of turmeric is assessed to be 1,049,490.5 MT by 2017 end, and is gauge to achieve 1,696,519.8 MT by 2027 end, growing at a CAGR of 4.9% amid the conjecture time frame.

Small Scale Food Processors to BE a Major Contributor in the Enhancement of Ethnic Taste

Development of spice sector in European Union will keep on witnessing a development at a huge pace in the coming years attributable to expanding fame of ethnic taste in the locale. Nearness of multicultural populace in Europe and developing pattern of setting out to an ever increasing number of outlandish spots have moved European shoppers taste to Indian nourishment and flavors bringing about expanding interest for flavors including turmeric.

Small scale food processors, retailers and ethic nourishment have high presence in creating ethnic sustenance taste in Western Europe. Be that as it may, substantial retailers and multinationals are additionally progressively dynamic in this market which is expanding the income offer of turmeric in the worldwide turmeric market.

Another pattern seen in Western Europe is that it is a center for home grown items. Western Europe is considered as a moment biggest center point for home grown items as it speaks to a huge offer in European pharmaceutical market.

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Change in Health Perception to Support the Global Market Demand for Turmeric

In spite of the fact that the relative market share of natural curcuma longa is little in Europe, interest for guaranteed natural sustenance supplements still keeps on developing. Accreditation for natural flavors including curcuma longa powder is basic pre-imperative for marketing the item as natural particularly in universal markets.

Natural accreditation is favored by sustenance supplements than for home grown prescription as the later can’t be marked as natural. Sustenance supplements for the most part includes an ostensible measure of Curcuma longa extricates and a substantially higher one of fillers, which don’t require any natural confirmation.

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the sports food market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2022 along with the key takeaways over the forecast period 2022 to 2032.

The team of researchers at Future Business Insights are focusing on research and market study to produce different sports food market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the sports food market.

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Which is the Key Sports Food Market?

North America led the sports food market, accounting for approximately 45% of sports food sales. The reason for this is the increased demand for sports food from the USA.
High usage of dietary supplements and increased awareness of health and wellness are expected to drive expansion of sports food market share. In addition, the expansion of the market share of sports food in the near future will be driven by the existence of a large number of companies and the various tactics of these companies.
During the forecast period, Europe is expected to grow at a CAGR of 7.7%. The expansion of the sports food market is being driven by increased participation in sports and the expansion of government and private activity.

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

• Nestle SA
• Danone S.A
• Clif Bar & Company
• Alpsnack Inc
• The Hain Celestial Group

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Queries Solved

• What is the size of the overall sports food market in the Food and Beverage Market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities, and challenges of the sports food market in the Food and Beverage Market, and how they are expected to impact the market?
• What are the attractive investment opportunities within the sports food market in the Food and Beverage Market?
• What is the sports food market in the Food and Beverage Market size at the regional and country-level?
• What are the key market players focusing on?
• What are the strategies for growth adopted by the key players in sports food market in the Food and Beverage Market?
• What are the recent trends in sports food market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
• What are the challenges to the sports food market in the growth of the Food and Beverage Market?
• What are the key market trends impacting the growth of the sports food market in the Food and Beverage Market?

Reasons to Buy the report

• The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
• We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
• Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global food thickeners agents market size is estimated to be USD 2.6 Bn in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 3.8% from 2022 to 2032 and reach a valuation of USD 3.8 Bn by 2032 end.

Health Benefits Pushing Adoption of Food Thickening Agents

Food thickening agents are commonly used for texture and consistency enhancement, without compromising on taste or savory. Moreover, health benefits associated with food thickening agents is also driving the overall sales. Thickens agents such as gums and starches are used a fat replacers, fibre bearing ingredients gums naturally resist digestion whereas starches act as primary energy sources, and the ability to replace high-carb ingredients by reducing the overall calorie content of the food are some key reasons behind enhanced consumption of food thickening agents.

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Consumer inclination towards plant-based food thickening agents is estimated to grow, especially among vegans, in the coming years. Economically priced starch offering high stability and viscosity will make it the fastest growing product segment through 2028.

Application in bakery and confectionary coupled with rising demand for gluten-free bakery products is projected to dominate the global consumption of food thickening agents. The ability of thickening agents to increase the viscosity without altering other taste aspects of the food and beverages and providing an improved mouth feel has made it immensely popular among food manufacturers.

Multiple Functionalities of Food Thickening Agents to Provide Product Innovation Opportunities for Manufacturers

Incidences of medical conditions such as difficulty in swallowing or dysphagia, has led to a greater adoption of food thickening agents as it helps in slowing down the transit of fluids and food, providing more coordination time for the swallowing process. Additionally, cases of dysphagia in infants has created opportunities for food thickening agents manufacturers to come up with innovative baby food, addressing the concern pertaining to rising back of food in the oesophagus, among infants. Since, food thickening agents are also used as stabilizers, providing a longer shelf life to processed food, manufacturers of pet food see this an opportunity to come up with canned food for dogs and cats. Listed in Annex of the Council Directive of Europe, Cassia Gum is considered safe for canned pet foods.

Key Segments Covered

Global Food Thickening Agents Market – By Source

• Plant
  • Guar Gum
  • Gum Arabic
  • Locust Bean Gum
  • Pectin
  • Starches
  • Other Plant Sources
• Seaweed
  • Carrageenan
  • Agar
  • Alginate
• Microbial
  • Gellan Gum
  • Curdlan
  • Xanthan Gum
• Animal (Gelatin)
• Synthetic
  • Carboxy Methyl Cellulose
  • Methyl Cellulose

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Global Food Thickening Agents Market – By Application

• Bakery & Confectionery
• Meat & Poultry
• Sauces & Dressings
• Beverages
• Dairy Products
• Other Applications

Global Food Thickening Agents Market – By Region

• North America
• Western Europe
• Eastern Europe
• Latin America
• Asia Pacific excluding Japan
• Japan
• Middle East & Africa

Frequently Asked Questions

• How much is the food thickening agents market current worth?
• At what CAGR is the market expected to grow?
• How was the performance in the last five years?
• What is boosting food thickening agent’s sales?
• How are market players reacting to the new developments in the market?
• How much share does the top 5 companies hold?
• Which are the major countries driving demand for food thickening agents?
• Who are the major players in food thickening agents market?
• What outlook does North America provide?
• At what rate will the U.S. food thickening agents market grow?

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Phycocyanin possess anti-inflammatory, anti-oxidants, and hypolipidemic properties due to which it is in high demand in the cosmetics industry. Future Market Insights (FMI) in a study has forecast the global phycocyanin market to reach US$ 136.5 Mn in 2021. Phycocyanin consists of antioxidants such as Beta-carotene and Vitamin A, C and E in large quantities, which are helpful in providing skin nourishment. Increasing awareness regarding various health benefits of phycocyanin besides its anti-cancer properties will fuel its use in cosmetics products.

This is because consumers nowadays are likelier to choose treatment that doesn’t require consumption of medicines. The demand for more natural ways of preventing chronic ailments will bode well for the market. Cosmetics made from phycocyanin witnesses a high demand in the due to their wide use in spa, cosmetics such as American ginseng extracts and herbal treatment.

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Lately, manufacturers have started producing cosmetic products from phycocyanin that are capable for improving cutin degeneration and also has properties of skin nourishment and preventing from ultraviolet irradiations. Further, there is also growing market in the areas of skin whitening, anti-aging and pigmentation reducing products.

Despite rising demand from cosmetics industry, the food and beverages sector will continue dominating the market through the forecast period. The rising demand for food containing natural colors and in general aversion towards artificial ingredients and additives will strengthen phycocyanin presence in the food sector. FMI has projected the food and beverages industry to account for nearly 85% of the overall market in 2021.

Key Takeaways from the Phycocyanin Market Study

The global phycocyanin market is set to 7.1% Y-o-Y growth in 2021, driven by increasing application across diverse industries The U.S. remain an attractive market, accounting for over 82% of phycocyanin sold in North America in 2021 Demand from U.K. will rise considerably. The U.K. market for phycocyanin is expected to register 7% Y-o-Y growth in 2021 Germany and France will emerge as other attractive markets in Western Europe China and India will emerge as lucrative pockets in Asia Pacific excluding Japan Japan market will record 5.7% Y-o-Y growth in 2021 in terms of value

“In order to gain competitive advantage, market players have been focusing on research and development initiatives. This is especially common among new entrants intending to seal their position with the launch of innovative products in the market,” said a lead FMI analyst.

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Who is winning?

Several top manufacturers of phycocyanin are concentrating on providing phycocyanin at an optimum price, owing to their increasing demand among consumers. Different companies have implemented integrated production approach to delivering cost-effective products in the market to escalate their industry footprints and to upsurge their production capacity. Prominent players of phycocyanin are endowing in research and development to produce organic, non-GMO products from phycocyanin.

A few of the leading players operating in the Phycocyanin market are:

• Chr. Hansen Holding A/S
• Cyanotech Corp
• DDW Inc.
• DIC Corporation
• Dongtai City Spirulina Bio-Engineering Co., Ltd.
• Fuqing King Dnarmsa Spirulina Co., Ltd.
• GNT Holding B.V.
• Sensient Technologies Corp.
• Parry Nutraceuticals Limited
• Döhler GmbH
• Naturex S.A.
• Naturalin Bio-Resources Co., Ltd
• Far East Bio-Tec Co., Ltd.
• Fraken Biochem Co., Ltd. and other players.

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