Forecast of Global Phycobiliprotein Players Market 2023

Global Phycobiliprotein Market will register a 5.6% CAGR in terms of revenue, reach US$ 1830 million by 2023, from US$ 1320 million in 2017. 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.