An object of the present invention is to provide a phycocyanin pigment composition insoluble in water and provide food, cosmetics, a coating material or a printing marker for pharmaceuticals or agricultural chemicals, a stationery product, a writing tool, a printing ink, an inkjet ink, a metal ink, a paint, a plastic coloring agent, a color toner, a fluorescent labeling agent, a fluorescent probe, or a chemical sensor, each containing the pigment composition. It was found that the phycocyanin pigment composition containing phycocyanin and a metal or a metal compound was insoluble in water, and thus the present invention was accomplished.