Global Phycobiliprotein Market Growth 2025-2031

Global Phycobiliprotein Market Growth 2025-2031

The global Phycobiliprotein market size is predicted to grow from US$ 106 million in 2025 to US$ 352 million in 2031; it is expected to grow at a CAGR of 22.1% from 2025 to 2031.

Phycobiliprotein are water-soluble proteins present in cyanobacteria and certain algae, for example rhodophytes, cryptomonads, glaucocystophytes, that capture light energy, which is then passed on to chlorophylls during photosynthesis. Phycobiliproteins are formed of a complex between proteins and covalently bound phycobilins that act as chromophores. They are most important constituents of the phycobilisomes.

Global Phycobiliprotein key players include DIC Corporation, King Dnarmsa Spirulina, Zhejiang Binmei Biotechnology, Parry Nutraceuticals, etc. Global top four manufacturers hold a share over 60%.

North America is the largest market, with a share over 40%, followed by China, and India, both have a share about 45 percent.

In terms of product, Food Grade is the largest segment, with a share about 90%. And in terms of application, the largest application is Natural Food Colorant, followed by Dietary Supplement, Cosmetics, etc.

LP Information, Inc. (LPI) ' newest research report, the “Phycobiliprotein Industry Forecast” looks at past sales and reviews total world Phycobiliprotein sales in 2024, providing a comprehensive analysis by region and market sector of projected Phycobiliprotein sales for 2025 through 2031. With Phycobiliprotein sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phycobiliprotein industry.

This Insight Report provides a comprehensive analysis of the global Phycobiliprotein landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phycobiliprotein portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Phycobiliprotein market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phycobiliprotein and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phycobiliprotein.

This report presents a comprehensive overview, market shares, and growth opportunities of Phycobiliprotein market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Food Grade
Cosmetic Grade
Others

Segmentation by Application:
Natural Food Colorant
Dietary Supplement
Cosmetics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
DIC Corporation
King Dnarmsa Spirulina
Zhejiang Binmei Biotechnology
Parry Nutraceuticals
Nan Pao International Biotech
Japan Algae
Wuli Lvqi
Ozone Naturals
Norland Biotech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Phycobiliprotein market?

What factors are driving Phycobiliprotein market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Phycobiliprotein market opportunities vary by end market size?

How does Phycobiliprotein break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.