Phycobiliprotein Market to Hit USD 390.98 Million by 2035

Posted 2026-01-02 05:00:08

“According to a new report published by Introspective Market Research, Phycobiliprotein Market by Product Type, Source, and Application, The Global Phycobiliprotein Market Size Was Valued at USD 44.35 Million in 2024 and is Projected to Reach USD 390.98 Million by 2035, Growing at a CAGR of 21.88% from 2025 to 2035.”

The Phycobiliprotein market is witnessing rapid growth driven by increasing demand for natural pigments and fluorescent proteins across biotechnology, pharmaceuticals, food & beverages, and cosmetics industries. Phycobiliproteins are water-soluble proteins derived primarily from cyanobacteria and algae, widely recognized for their vibrant colors, antioxidant properties, and high fluorescence efficiency.

Compared to synthetic dyes, phycobiliproteins offer superior biocompatibility, non-toxicity, and eco-friendly characteristics, making them highly suitable for biomedical diagnostics, immunoassays, and natural food coloring applications. Their growing usage in fluorescence-based research and clinical diagnostics is further strengthening market adoption.

Additionally, rising consumer preference for clean-label and plant-based ingredients, coupled with advancements in algae cultivation and extraction technologies, is accelerating global market expansion during the forecast period.

Market Segmentation

The Phycobiliprotein Market is segmented into Product Type, Source, and Application.
By Product Type, the market is categorized into Phycocyanin, Phycoerythrin, and Allophycocyanin.
By Source, the market is categorized into Cyanobacteria, Red Algae, and Cryptophytes.
By Application, the market is categorized into Food & Beverages, Biotechnology & Research, Pharmaceuticals, Cosmetics, and Others

Growth Driver

The primary growth driver of the phycobiliprotein market is the increasing adoption of natural and bio-based ingredients across food, pharmaceutical, and cosmetic industries. Rising health awareness among consumers has significantly boosted demand for natural colorants and antioxidants, positioning phycobiliproteins as preferred alternatives to synthetic additives. Furthermore, the expanding use of phycobiliproteins as fluorescent markers in biomedical research, flow cytometry, and immunodiagnostics is accelerating market growth, supported by increased investments in life sciences and biotechnology research worldwide.

Market Opportunity

A major market opportunity lies in the expanding application of phycobiliproteins in advanced medical diagnostics and therapeutic research. Continuous innovations in extraction, purification, and stabilization technologies are improving product yield and cost efficiency, enabling large-scale commercial adoption. Additionally, untapped potential in emerging economies, combined with rising government support for algae-based biotechnology and sustainable production methods, presents lucrative growth opportunities for market players over the forecast period.

Detailed Segmentation

Phycobiliprotein Market, Segmentation

The Phycobiliprotein Market is segmented on the basis of Product Type, Source, and Application.

Product Type

The Product Type segment is further classified into Phycocyanin, Phycoerythrin, and Allophycocyanin. Among these, the Phycocyanin sub-segment accounted for the highest market share in 2024. Phycocyanin is widely used due to its intense blue color, strong antioxidant properties, and extensive applications in food coloring, nutraceuticals, and cosmetics. Its high demand in functional foods and dietary supplements, combined with increasing consumer inclination toward natural blue pigments, continues to drive dominance of this segment globally.

Application

The Application segment is further classified into Food & Beverages, Biotechnology & Research, Pharmaceuticals, Cosmetics, and Others. Among these, the Biotechnology & Research sub-segment held the highest market share in 2024. This dominance is attributed to the extensive use of phycobiliproteins as fluorescent probes in immunoassays, flow cytometry, and molecular diagnostics. Growing investments in biomedical research and increasing demand for high-sensitivity diagnostic tools are further supporting segment growth.

Some of The Leading/Active Market Players Are

• DIC Corporation (Japan)
• Parry Nutraceuticals (India)
• Cyanotech Corporation (USA)
• Merck KGaA (Germany)
• Thermo Fisher Scientific Inc. (USA)
• Agilent Technologies Inc. (USA)
• Sensient Technologies Corporation (USA)
• Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
• Dongtai City Spirulina Bio-engineering Co., Ltd. (China)
• Naturex SA (France)
• Biosearch Life (Spain)
• Sigma-Aldrich (USA)
• Zhejiang Binmei Biotechnology Co., Ltd. (China)
• Farbest Brands (USA)
• DDW, The Color House (USA)

and other active players.

Key Industry Developments

In March 2024, a leading biotechnology company announced the expansion of its algae-based pigment production facility to meet growing demand for natural phycobiliproteins.
The expansion aims to enhance production capacity, improve extraction efficiency, and strengthen supply chains for food and pharmaceutical applications globally.

In September 2024, a research institute introduced an advanced purification technology for high-grade phycobiliproteins used in medical diagnostics.
This innovation improves fluorescence stability and purity, enabling broader adoption in high-precision diagnostic and research applications.

Key Findings of the Study

• Phycocyanin dominated the product type segment in 2024
• Biotechnology & research emerged as the leading application segment
• Asia-Pacific led the market due to strong algae production capabilities
• Rising demand for natural colorants is a key growth driver
• Technological advancements are shaping market expansion

More Info:- https://introspectivemarketresearch.com/reports/phycobiliprotein-market/

About Us

At Introspective Market Research Private Limited, we are a forward-thinking research consulting firm committed to driving growth in the Phycobiliprotein Market. With deep insights, strategic solutions, and holistic research, we empower businesses to achieve success and dominance in the global Phycobiliprotein industry.