The aim of this chapter is to review and discuss methodology and protocols in the analysis of phycobiliproteins (phycocyanins, allophycocyanins, and phycoerythrins) and their chromophores. Due to the presence of multiple covalently bound open-chain tetrapyrrole chromophores, phycobiliproteins are colored and strongly fluorescent molecules, with high absorption coefficients (10 5 to 10 6 ) and excellent fluorescent quantum yield (0.51 up to 0.98).Therefore, a vast number of methods for phycobiliproteins analysis is based on these spectral characteristics, whereas assessment of their, bioactivity is related to their exceptional redox and metal-chelating properties. This chapter is dedicated to methods used for isolation and purification, structure analysis, physicochemical properties and stability characterization, quantification, as well as in vitro and in vivo biological activities evaluation. In addition, emerging approaches related to phycobiliproteins analysis are also reviewed including interactions with other biomolecules and ions, identification by proteomics, phycobiliprotein (chromo)peptides and computational studies of structural and dynamic properties.