In this work, we presented a phase demodulation technique for fringe analysis in fringe projection profilometry based on digital moiré and the co-phase technique. The approach involves the use of stereo illumination and the simultaneous projection and acquisition of two 𝜋 -shifted sinusoidal patterns from each projector. By taking advantage of color multiplexing, we code the sinusoidal patterns in the red and blue channels of the RGB images, so we need to project and acquire one image for each digital light projector. The phase demodulation consists of two steps: first, digitally generating the moiré pattern for each RGB image utilizing the spatial phase carrier; second, computing the analytic signals for the two moiré patterns via a third-order, low-pass Butterworth filter in the frequency domain; third, calculate the final phase by merging the two analytic signals using the co-phasing technique.