The Lycopene Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Synthetic Lycopene, Organic Lycopene). The global analysis is further broken-down at regional level and major countries. The report further presents analysis based on Application (Food and Beverage, Cosmetics, Pharmaceuticals, Dietary Supplements, Others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Lycopene Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Lycopene Market Segmentation
Type- Synthetic Lycopene
- Organic Lycopene
- Food and Beverage
- Cosmetics
- Pharmaceuticals
- Dietary Supplements
Strategic Insights
Lycopene Market Growth Drivers- Lycopene's Health Benefits Driving Market Demand: Lycopene, a powerful antioxidant, is gaining popularity as a functional food ingredient due to its potential health benefits, such as promoting heart health, reducing the risk of certain cancers, and improving skin health. The growing awareness about the benefits of antioxidants is driving the lycopene market.
- Growing Popularity of Lycopene in Nutraceuticals and Supplements: The rise in demand for nutraceuticals and dietary supplements, driven by an aging population and greater health consciousness, is a key driver for the lycopene market. As consumers seek natural solutions for improving health, lycopene's role in reducing oxidative stress and inflammation is leading to its inclusion in various supplements.
- Lycopene as a Natural Food Colorant in Clean Label Products: Lycopene is also used as a natural food colorant, replacing synthetic alternatives that may pose health risks. The trend toward clean label products, which avoid artificial additives, is driving the demand for natural colorants, including lycopene, in food and beverage applications.
- Rising Demand for Lycopene as a Natural Food Colorant: Lycopene's growing use as a natural food colorant, in place of synthetic dyes, will continue to rise due to consumer preference for clean-label, non-toxic ingredients. As functional foods and beverages gain popularity, lycopene will be increasingly used for its antioxidant benefits and color enhancement.
- Increasing Use of Lycopene in Antioxidant Supplements for Health and Wellness: The growing trend toward health and wellness will lead to a rise in demand for lycopene as an antioxidant supplement. As more consumers become aware of the benefits of antioxidants in preventing chronic diseases, lycopene, especially from natural sources like tomatoes, will be a key ingredient in dietary supplements and functional foods.
- Lycopene’s Growing Role in Skin Health and Cosmetic Applications: Lycopene's proven benefits for skin health, including its potential for reducing skin damage from UV exposure, are expected to increase its use in the cosmetic industry. As demand for anti-aging and skin-care products grows, lycopene will be incorporated more frequently into creams, lotions, and serums due to its antioxidant and anti-inflammatory properties.
- Growing Demand for Lycopene in Dietary Supplements and Functional Foods: Lycopene’s antioxidant properties, particularly in preventing heart disease and cancer, are driving its inclusion in dietary supplements and functional foods. As consumers prioritize health, the demand for lycopene-based products will grow.
- Rising Popularity of Lycopene in Natural Cosmetics and Personal Care: The natural cosmetics market is expanding, and lycopene, due to its anti-aging and skin protection benefits, is gaining popularity in personal care products such as creams and lotions. This trend will continue as consumers increasingly seek natural ingredients in beauty products.
- Expanding Research and Opportunities for Lycopene in Cancer Therapies and Pharmaceuticals: Ongoing research into the medicinal properties of lycopene, including its potential in cancer therapies, will open up new opportunities in the pharmaceutical market, with lycopene being incorporated into treatments or preventive measures.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Lycopene Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Lycopene Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Expansion in natural food colorants and supplements is expected to be the key market trends
Based on geography, Asia Pacific held the largest share of the lycopene market due to the well-established food manufacturing industry across the region, coupled with continuous growth and development
Based on type, the organic lycopene segment is expected to witness the fastest growth during the forecast period
Increasing demand for functional foods is driving the market growth
DSM
; Kemin Industries
; BASF
; Cargill
; Symrise
; Herbs of the Earth
; ChromaDex
; LycoRed
; Carotech
; Eden Botanicals
; Amway
; Givaudan
; Parchem
; Naturex
; P&G (Procter & Gamble)
The Lycopene Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lycopene Market - By Type
1.3.2 Lycopene Market - By Application
1.3.3 Lycopene Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LYCOPENE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. LYCOPENE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LYCOPENE MARKET - GLOBAL MARKET ANALYSIS
6.1. LYCOPENE - GLOBAL MARKET OVERVIEW
6.2. LYCOPENE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LYCOPENE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SYNTHETIC LYCOPENE
7.3.1. Overview
7.3.2. Synthetic Lycopene Market Forecast and Analysis
7.4. ORGANIC LYCOPENE
7.4.1. Overview
7.4.2. Organic Lycopene Market Forecast and Analysis
8. LYCOPENE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and Beverage Market Forecast and Analysis
8.4. COSMETICS
8.4.1. Overview
8.4.2. Cosmetics Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. DIETARY SUPPLEMENTS
8.6.1. Overview
8.6.2. Dietary Supplements Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. LYCOPENE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lycopene Market Overview
9.1.2 North America Lycopene Market Forecasts and Analysis
9.1.3 North America Lycopene Market Forecasts and Analysis - By Type
9.1.4 North America Lycopene Market Forecasts and Analysis - By Application
9.1.5 North America Lycopene Market Forecasts and Analysis - By Countries
9.1.5.1 United States Lycopene Market
9.1.5.1.1 United States Lycopene Market by Type
9.1.5.1.2 United States Lycopene Market by Application
9.1.5.2 Canada Lycopene Market
9.1.5.2.1 Canada Lycopene Market by Type
9.1.5.2.2 Canada Lycopene Market by Application
9.1.5.3 Mexico Lycopene Market
9.1.5.3.1 Mexico Lycopene Market by Type
9.1.5.3.2 Mexico Lycopene Market by Application
9.2. EUROPE
9.2.1 Europe Lycopene Market Overview
9.2.2 Europe Lycopene Market Forecasts and Analysis
9.2.3 Europe Lycopene Market Forecasts and Analysis - By Type
9.2.4 Europe Lycopene Market Forecasts and Analysis - By Application
9.2.5 Europe Lycopene Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lycopene Market
9.2.5.1.1 Germany Lycopene Market by Type
9.2.5.1.2 Germany Lycopene Market by Application
9.2.5.2 France Lycopene Market
9.2.5.2.1 France Lycopene Market by Type
9.2.5.2.2 France Lycopene Market by Application
9.2.5.3 Italy Lycopene Market
9.2.5.3.1 Italy Lycopene Market by Type
9.2.5.3.2 Italy Lycopene Market by Application
9.2.5.4 United Kingdom Lycopene Market
9.2.5.4.1 United Kingdom Lycopene Market by Type
9.2.5.4.2 United Kingdom Lycopene Market by Application
9.2.5.5 Russia Lycopene Market
9.2.5.5.1 Russia Lycopene Market by Type
9.2.5.5.2 Russia Lycopene Market by Application
9.2.5.6 Rest of Europe Lycopene Market
9.2.5.6.1 Rest of Europe Lycopene Market by Type
9.2.5.6.2 Rest of Europe Lycopene Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lycopene Market Overview
9.3.2 Asia-Pacific Lycopene Market Forecasts and Analysis
9.3.3 Asia-Pacific Lycopene Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Lycopene Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Lycopene Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lycopene Market
9.3.5.1.1 Australia Lycopene Market by Type
9.3.5.1.2 Australia Lycopene Market by Application
9.3.5.2 China Lycopene Market
9.3.5.2.1 China Lycopene Market by Type
9.3.5.2.2 China Lycopene Market by Application
9.3.5.3 India Lycopene Market
9.3.5.3.1 India Lycopene Market by Type
9.3.5.3.2 India Lycopene Market by Application
9.3.5.4 Japan Lycopene Market
9.3.5.4.1 Japan Lycopene Market by Type
9.3.5.4.2 Japan Lycopene Market by Application
9.3.5.5 South Korea Lycopene Market
9.3.5.5.1 South Korea Lycopene Market by Type
9.3.5.5.2 South Korea Lycopene Market by Application
9.3.5.6 Rest of Asia-Pacific Lycopene Market
9.3.5.6.1 Rest of Asia-Pacific Lycopene Market by Type
9.3.5.6.2 Rest of Asia-Pacific Lycopene Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lycopene Market Overview
9.4.2 Middle East and Africa Lycopene Market Forecasts and Analysis
9.4.3 Middle East and Africa Lycopene Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Lycopene Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Lycopene Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lycopene Market
9.4.5.1.1 South Africa Lycopene Market by Type
9.4.5.1.2 South Africa Lycopene Market by Application
9.4.5.2 Saudi Arabia Lycopene Market
9.4.5.2.1 Saudi Arabia Lycopene Market by Type
9.4.5.2.2 Saudi Arabia Lycopene Market by Application
9.4.5.3 U.A.E Lycopene Market
9.4.5.3.1 U.A.E Lycopene Market by Type
9.4.5.3.2 U.A.E Lycopene Market by Application
9.4.5.4 Rest of Middle East and Africa Lycopene Market
9.4.5.4.1 Rest of Middle East and Africa Lycopene Market by Type
9.4.5.4.2 Rest of Middle East and Africa Lycopene Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lycopene Market Overview
9.5.2 South and Central America Lycopene Market Forecasts and Analysis
9.5.3 South and Central America Lycopene Market Forecasts and Analysis - By Type
9.5.4 South and Central America Lycopene Market Forecasts and Analysis - By Application
9.5.5 South and Central America Lycopene Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lycopene Market
9.5.5.1.1 Brazil Lycopene Market by Type
9.5.5.1.2 Brazil Lycopene Market by Application
9.5.5.2 Argentina Lycopene Market
9.5.5.2.1 Argentina Lycopene Market by Type
9.5.5.2.2 Argentina Lycopene Market by Application
9.5.5.3 Rest of South and Central America Lycopene Market
9.5.5.3.1 Rest of South and Central America Lycopene Market by Type
9.5.5.3.2 Rest of South and Central America Lycopene Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LYCOPENE MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAYER AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENERAL NUTRITION CENTER,
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HOFFMANN-LA ROCHE LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JAMIESON
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KAGOME
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LYCORED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NBTY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ROYAL DSM N.V..
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHAANXI HUIKE BOTANICAL DEVELOPMENT CO. LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BASF SE
2. Bayer AG
3. General Nutrition Center,
4. Hoffmann-La Roche Ltd
5. Jamieson
6. Kagome
7. Lycored
8. NBTY
9. Royal DSM N.V..
10. Shaanxi Huike Botanical Development Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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