Lycopene Market Is Set To Rise At 5% CAGR Through 2032: Fact.MR Report

The current global lycopene market is valued at US$ 141.9 million and is projected to reach US$ 232.3 million by 2032. Forecasts indicate a 5% compound annual growth rate (CAGR) in demand from 2022 to 2032.

One of the primary drivers of this market expansion is the increasing demand for organic lycopene products renowned for their anti-cancer properties, effectively combating degenerative diseases.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=1037

Abundantly present in vegetables and red fruits like watermelon, tomatoes, apricots, pink guavas, papayas, grapefruit, asparagus, red cabbage, mangoes, and carrots, lycopene acts as a potent antioxidant, shielding the body from the harmful effects of free radicals.

Renowned for its preventive qualities against a spectrum of ailments including cancer (such as prostate, digestive tract, bladder, skin, breast, and cervical cancers), cardiovascular diseases, osteoporosis, male infertility, hypertension, and more, lycopene's widespread utility in the pharmaceutical and food industries is expected to be a key driver of market growth. Additionally, its benefits extend to the cosmetic industry, further bolstering its market potential.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Increasing Awareness of Health Benefits: Growing awareness among consumers about the health benefits of lycopene is fueling demand. Its role in preventing various diseases, including cancer and cardiovascular ailments.

Rising Demand for Functional Foods and Nutraceuticals: The demand for functional foods and nutraceuticals fortified with lycopene is on the rise. Consumers are seeking out products that offer additional health benefits beyond basic nutrition, leading to the incorporation of lycopene into a variety of food and beverage products.

Expansion of the Cosmetic Industry: Lycopene's antioxidant properties make it a valuable ingredient in the cosmetic industry. As consumers increasingly seek out skincare products with natural and effective ingredients, the demand for lycopene-infused cosmetics is growing.

Preference for Organic and Natural Products: There is a growing preference for organic and natural products among consumers concerned about health and environmental sustainability. This trend is driving the demand for organic lycopene products sourced from natural sources.

Research and Development: Ongoing research into the health benefits of lycopene and its potential applications in various industries is driving innovation. As new findings emerge, there is potential for the development of novel lycopene-based products and formulations.

Emerging Markets: Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing increasing demand for lycopene products. Rising disposable incomes, changing dietary patterns, and growing health consciousness in these regions are contributing to market growth.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• DSM
• BASF
• Kagome
• LycoRed
• Wellgreen Technology
• Koninklijke DSM N.V.
• Hoffmann-La roche Ltd.
• General nutrition Center Company
• Jamieson Laboratories Ltd.
• The nature's bounty Co.
• Bayer AG
• San-Ei Gen
• Licofarma S.r.l.
• Royal DSM N.V.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Lycopene manufacturers can create and provide novel solutions to a variety of industries at a reasonable price due to the development of technology and the availability of abundant raw materials.

Key growth drivers in the lycopene market are technological advancements that facilitate better production, an expanded product line, high quality and packaging, integrated and coordinated maintenance, and revenue analysis.

For instance :
• The ordinary coloring business from DuPont's Nutrition and Biosciences division was acquired by D.D.W. (U.S.) The Color House to expand its global reach and introduce assembling and specialized qualities in new standard colors.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐋𝐲𝐜𝐨𝐩𝐞𝐧𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• by Nature :
o Natural Lycopene
o Organic Lycopene

• by Form :
o Powder Lycopene
o Lycopene Capsules
o Lycopene Syrup

• by Packaging :
o Bottles
o Bulk
o Tetra Packaging

• by End Use :
o Food
o Pharmaceuticals
o Cosmetics
o Others

• by Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/1037/lycopene-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Natural Food Color Market: https://www.factmr.com/report/3064/natural-food-color-market

Food Cultures Market: https://www.factmr.com/report/4414/food-cultures-market

Natural Cheese Market: https://www.factmr.com/report/156/natural-cheese-market

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