Phycocyanin is a blue light pigment that is detected in Cyanobacteria and two Eukaryotics algae such as Rhodophyta and Crytophyta. It is soluble in water, has robust fluorescent peculiarities as antioxidants, and is usually utilized in the food industry, cosmetics, biotechnology, and drugs. But phycocyanin is undeniably blemished by a heating procedure. The phycocyanin market demand is on the rise as it has been described that phycocyanin has an anti-oxidative basis, anti-inflammatory activity, anti-cancer function, immune improvisation function, and liver and kidney preservation pharmacological impacts. It has become a contemporary center in the field of drug research. Till now, studies have portrayed that phycocyanin has an anti-cancer influence, which can obstruct the spread of cancer cells and kill cancer cells.
The global phycocyanin market was valued at USD 172.02 million in 2022 and is expected to grow at USD 414.24 million with a CAGR of 9.5% during the forecast period 2032.
The Benefits of Phycocyanin
- Phycocyanin to ease blood and cell oxygenation: Its molecular formation, homogenous to erythropoietin, permits it to make possible the emergence of red blood cells and renders it a perfect means of simply transferring oxygen in the blood. Phycocyanin’s antioxidant characteristics also guarantee that red and white blood cells are safeguarded against oxidative stress caused by the production of free radicals.
- An excellent anti-inflammatory: It performs as an obstacle for specific enzymes that generate inflammation, such as COX-2, lipoxygenases, or iNOS. In addition to engendering these issues, the second also enhances the injury of joints and cartilage, which can cause grave pain, which can extensively be diminished by the anti-inflammatory characteristics of phycocyanin. The phycocyanin market trends include it being an exceptional pain killer. For instance, it can block the pursuit of COX-2 and lessen the agitation of pain engendered by inflammation.
Phycocyanin in Food
Phycocyanin is a blue natural food colorant and can be utilized as an effective food component and has several health advantages and is a natural colorant. For dairy products, it can be utilized in additives such as dyes with stabilizers and emulsifiers in the course of the manufacturing procedure. The biosecurity of food is intimidated because of the inclusion of synthetic additives and artificial colors in food, as they often hamper the soaking up of some nutrients and engender allergic reactions.
Growth Drivers
The speedy escalation in investments in research and development ventures and aggregate firms traversing the probable health advantages of phycocyanin, enhancing uprooting techniques, and maximizing productions process that caused product upheaval, cost efficiencies, and quality improvisations are additionally expected to push the market growth ahead and generate contemporary revenue moments firms through acquiring progression in their systems or operations.
Geographic Penetration
Europe: The regional market growth is extensively credited to the growing vegan and vegetarian population and the existence of a reassuring regulatory ambiance inspiring the usage of phycocyanin covering industries such as food and beverage and personal care.
Asia Pacific: This region is growing fast due to escalating consumer consciousness about health and welfare, growing demand for organic components in pharmaceutical and nutraceutical conceptions, and escalating concentration of research establishment in the APAC regions regarding identifying its possible therapeutic applications and capacity as an immune booster, anti-cancer agent, and liver shielding.
Recent Developments
In November 2022, GNT announced that they had received the US Food and Drug Administration approval for the use of spirulina extract in the beverages, which enables manufacturers to easily achieve vibrant blue shades along with a clean label. It also contains a kind of naturally occurring pigment named phycocyanin, which is completely water-soluble and offers exceptional blue shades.
Final Thoughts
The growing number of clinical research ventures on phycocyanin’s health advantages have reflected them as a secure and feasible substitute for chemically synthesized drugs. In the phycocyanin market, the developing health advantages have offered the mode to effectively market phycocyanin to consumers in multi-nutrient addition or therapeutic agents.