Press release
Lycopene Market Business Segmentation by Revenue, Present Scenario and Growth Prospects 2032
Lycopene Market
Lycopene, a carotenoid pigment with a red colour, is found in large quantities in tomatoes and other red fruits. Because it is a strong antioxidant, lycopene finds use in a number of industries, including those that deal with food, drink, , functional foods, animal nutrition, cosmetics, and pharmaceuticals. Lycopene is utilised as a food colouring since it is non-toxic and has a vibrant hue. Manufacturers in a variety of industries are working to create organic products that meet consumer demands as the demand for organic goods rises. As a result, some producers have created organic lycopene that can be used by other sectors of the economy to create organic goods.
Rising Consumer Inclination towards the Use of Natural Products Creates a Positive Impact on Lycopene Market
One of the main factors driving the rise in lycopene demand is expected to be the increase in the incidence of prostate cancer. Prostate cancer is the second most frequent cancer among men worldwide, according to data published by the World Cancer Research Fund International. There were 1.3 million new cases of prostate cancer in 2018. Lycopene has been demonstrated to have anticancer effects in some investigations. Lycopene has the ability to stop the growth of cancer cells and trigger apoptosis. As a result, prostate cancer can be prevented and treated thanks to lycopene's anticancer properties.
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Therefore, it is predicted that the market for lycopene will be driven by the rising incidence of prostate cancer. In addition, lycopene promotes cardiovascular health. The rise in cardiovascular disease incidence The prevalence of illnesses is expected to raise demand for components that promote heart health. As a result, it is projected that lycopene will be used more frequently in the pharmaceutical and industries to treat and prevent prostate cancer and heart disease.
Lycopene sales are anticipated to rise in response to the rising demand for natural cosmetics. Because people are becoming more aware of the negative effects of the chemicals used in cosmetics, they are becoming more inclined to use natural personal care products. As a result, lycopene makes a great natural element for the creation of natural cosmetics. Lycopene helps to better moisturise the skin, enhances skin elasticity and texture, and has antioxidant characteristics that shield the skin from injury. Therefore, it is predicted that the market for lycopene will grow as a result of consumers' growing preference for natural products. Additionally, the market for lycopene is predicted to grow due to the increase in demand for sunscreen products. A powerful pigment, lycopene shields the skin from the harm caused by UV radiation. As a result, lycopene can be used to create sunscreen products.
Market Segmentation:
The lycopene market can be segmented based on application and source.
Application: The lycopene market can be segmented based on application into food and beverage, pharmaceuticals, and cosmetics.
Food and beverage: Lycopene is used as a natural coloring and flavoring agent in a variety of food products, such as sauces, soups, and beverages. It is also added to functional foods, such as cereals and energy bars, due to its potential health benefits.
: Lycopene supplements are used to reduce the risk of certain cancers, cardiovascular diseases, and age-related macular degeneration.
Pharmaceuticals: Lycopene is being studied for its potential therapeutic applications, such as its anti-inflammatory and anti-cancer properties.
Cosmetics: Lycopene is used in cosmetic products due to its antioxidant properties and potential anti-aging benefits.
Source: The lycopene market can be segmented based on source into natural and synthetic.
Natural: Lycopene is naturally found in fruits and vegetables, with tomatoes being the primary source. Other natural sources of lycopene include watermelon, pink grapefruit, and guava.
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Synthetic: Synthetic lycopene is produced through chemical synthesis or biotechnology.
Overall, the food and beverage industry is the largest application segment for lycopene due to its use as a natural coloring and flavoring agent. The segment is also expected to witness significant growth due to the increasing awareness of the health benefits of lycopene. The natural source segment is expected to dominate the market due to the growing demand for natural and organic products.
Competitive Landscape:
Some of the key players in the lycopene market include:
Lycored Ltd. is one of the leading players in the lycopene market and offers a range of lycopene products for the food and beverage, and cosmetic industries. DSM Nutritional Products also offers a wide range of lycopene products, including natural and synthetic lycopene. BASF SE is another major player in the market and offers lycopene products for various applications, including food and beverage, , and pharmaceuticals. Wellgreen Technology Co., Ltd. is a leading producer of natural lycopene from tomatoes and offers a range of lycopene products for the food and beverage industry. Shaanxi Huatai Bio-fine Chemical Co., Ltd. is a Chinese company that offers natural lycopene products for various applications, including food and beverage, and cosmetics. Vidya Herbs Pvt. Ltd., Xi'an SR Bio-Engineering Co., Ltd., AIE Pharmaceuticals, Inc., Beijing Gingko Group, and Chr. Hansen Holding A/S are other notable players in the lycopene market.
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.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
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More Releases for Lycopene
Factory Supply Pure Tomato Extract | Fermented Lycopene
Factory Supply Pure Tomato Extract| Fermented Lycopene
Image: https://cdn.globalso.com/ruiwophytochem/%E7%95%AA%E8%8C%84%E7%BA%A2%E7%B4%A04.jpgImage: https://cdn.globalso.com/ruiwophytochem/%E7%95%AA%E8%8C%84%E7%BA%A2%E7%B4%A04.jpg
Short Description:
Lycopene is a carotenoid that is found in high levels in tomatoes and other red fruits and vegetables. It has been shown to have numerous health benefits, including reducing the risk of heart disease, protecting against certain types of cancer, and improving skin health.
Product Detail
Product Name: Lycopene Powder [https://www.ruiwophytochem.com/products/]
Category: Plant Extracts
Effective Components: Lycopene
Analysis: HPLC
Quality Control: In House
Formulate: C40H56
Molecular weight: 536.85
CAS No:…
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Lycopene is a carotenoid and phytonutrient substance which is found in the tomato species known as Solanum lycopersicum, mostly present in Central and South America regions. Lycopene is primarily present in red fruits and vegetables which includes tomatoes, watermelon, papaya, guava, sweet red peppers, mango, carrots, red cabbage, and pink grapefruits. Lycopene is found in high amounts in tomato and tomato-based products as compared with other fruits and vegetables.…
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