AT a CAGR of 5.2%, Lycopene Market Size by Type, Application, Key Players, Geographic Scope and Forecast 2023 - 2025

The carotenoid lycopene is a natural pigment that gives fruits their red colour. Red fruits and vegetables such tomatoes, papaya, guava, chillies, carrots, various types of cabbage, and grapefruits are the main sources of lycopene. The lycopene pigment is the only reason tomatoes are red. Compared to other fruits and vegetables, tomatoes have more lycopene. The human body benefits from lycopene's high antioxidant and nutritional value.

The 5% type is also known as Lycopene Tomatoes. It is a carotenoid pigment that gives tomatoes their red color. Lycopene is found in all kinds of tomatoes, but the concentration varies with different varieties. Some varieties contain up to 20% lycopene while others contain almost zero lycopene content. The highest amount of lycopene was observed in a beefsteak and large tomato types, which accounted for more than 40%.

The global lycopene market is projected to grow at a favorable rate from 2023 to 2031 (forecast period). Growing demand for organic-based lycopene products with anticancer capabilities that guard against diseases is expected to boost the worldwide lycopene market during the forecast period. Moreover, the increased demand for natural colorants in ready-to-eat meat products, together with the strong usage of lycopene in end-use industries such as food and beverage, pharmaceuticals, and cosmetics, is another aspect projected to propel the global lycopene market. As a result, the global lycopene market is anticipated to expand rapidly throughout the forecast period.

Lycopene is non-toxic and has a strong colour, and is therefore used as a food colouring agent. As the demand for organic products is increasing, the manufacturers in various industries are trying to develop organic products that are aligned with the consumer requirements. Thus, some manufacturers have developed organic lycopene which can be further utilized by the other industries in the formation of organic products.

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Global Lycopene Market: Major Players
DSM
Kagome
Chr. Hansen
BASF
Dangshan Sinojuice Food Co., Ltd
Jamieson Laboratories
LycoRed
North China Pharmaceutical Group
TomatoRed
General Nutrition Cente
Wellgreen Technology

Global Lycopene Market: By Types
Pharmaceutical Grade
Food Grade

Global Lycopene Market: By Applications
Feed Additive
Medicine
Food Coloring
Others

Global Lycopene Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Lycopene market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Global Lycopene Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Reasons to Purchase the Tomato Lycopene Market Report:

1. The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
2. Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
3. Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
4. The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
5. Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

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