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Phycocyanin Market Valuation to reach US$ 230 Mn by 2029

Phycocyanin Market Valuation to reach US$ 230 Mn by 2029
Manufactures Increase Production of Phycocyanin to Support Natural Colorants Industry Revenue of the phycocyanin market accounted to be the highest in Western Europe in 2018, estimated to reach ~US$ 77 million in 2029. Currently, ~60% of Europeans consume functional foods, and a higher number of women consume functional beverages. As such, manufacturers are introducing patent-protected phycocyanin food additives. This indoor-grown pigment serves as a cost-efficient option for stakeholders in the food sector. The food industry is experiencing a shift in consumer preference, from artificial ingredients to natural ingredients. Since the development of natural blue ingredients is a challenge, manufacturers are innovating on phycocyanin, which is naturally found in spirulina algae. Request a sample to get extensive insights into the Phycocyanin Market Several Food & Beverage Applications Increase Scope for Market Growth Patented Systems and Cost-competitive Techniques Ensure Year-round Supply

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