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Lycopene Market to Reach USD 234.8 Million by 2035, Growing at 5.5% CAGR

05-14-2025 04:43 PM CET | Chemicals & Materials

Press release from: FactMR

The lycopene market will be worth USD 137.5 million in 2025, according to Fact.MR's analysis shows that the market will expand at a CAGR of 5.5% and reach USD 234.8 million by 2035. The major driver fueling this growth is the growing demand for natural antioxidants in functional foods, dietary supplements, and cosmetics, as well as increasing health awareness towards chronic disease prevention and skin care.

The demand is growing continuously as consumers and industries realize the high antioxidant activity of this endogenous carotenoid. Lycopene is extracted from tomatoes and red fruits and is becoming a vital ingredient in nutritional supplements, functional foods and beverages, cosmetics, and fortified foods.

As there is a need for plant-based health options, lycopene's potential to maintain cardiovascular health, immune health, and UV light protection from damage to the skin is increasing more of its use across a wide range.

For More Insights into the Market, Request a Sample of this Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=1037

Market Overview

The global lycopene market is projected to witness significant growth at a compound annual growth rate (CAGR) exceeding 5% during the forecast period (2023-2033). Several factors underpin this projection:

Health Benefits: Lycopene is associated with reduced risk of chronic diseases such as prostate cancer and heart disease due to its antioxidative capabilities.
Dietary Supplements Boom: Increasing health-consciousness is driving demand for supplements, particularly those containing plant-based antioxidants.
Functional Foods Growth: Lycopene is being incorporated into health drinks, dairy products, and bakery goods, contributing to its expanding footprint.
Lycopene is extracted either synthetically or from natural sources such as tomatoes. Natural lycopene is preferred in the health and wellness industry, pushing manufacturers to develop more sustainable extraction methods.

Market Segmentation

Fact.MR categorizes the lycopene market based on source, form, application, and region:

By Source
Natural Lycopene: Derived from tomatoes and other fruits, natural lycopene holds the lion's share of the market due to its clean-label appeal.
Synthetic Lycopene: Cost-effective but facing declining demand due to growing preference for natural products.
By Form
Powder: High stability and ease of formulation in supplements and food applications.
Beadlets: Used in pharmaceuticals due to controlled release properties.
Liquid: Preferred in beverages and cosmetic applications.
By Application
Dietary Supplements: The largest application area.
Food & Beverages: Including dairy, bakery, and processed foods.
Pharmaceuticals: Leveraging its antioxidant and anti-inflammatory properties.
Cosmetics: Used in skin creams and anti-aging formulations.
By Region
North America: Dominates due to a mature nutraceuticals market and higher healthcare awareness.
Europe: Following closely with demand from both supplements and skincare.
Asia-Pacific: Emerging as a key growth region driven by expanding middle-class populations and increasing adoption of Western diets and lifestyles.
Latin America & MEA: Moderate growth with rising urbanization and consumer education

Key Players

The lycopene market is moderately consolidated, with key players focusing on product innovation, clean label formulations, and strategic collaborations. Leading players include:

BASF SE: One of the top players, offering both synthetic and natural lycopene under the brand "LycoVit."
DSM Nutritional Products: Known for premium-grade carotenoids used in both food and pharmaceutical sectors.
General Nutrition Center (GNC) Holdings: Major U.S. supplement brand incorporating lycopene in health formulations.
LycoRed Ltd.: A leading Israeli company known for tomato-derived lycopene, focusing heavily on natural solutions.
Jamieson Laboratories Ltd.: Offers lycopene-based supplements across Canada and international markets.
Companies are increasingly investing in R&D to improve bioavailability and to explore new application areas such as functional cosmetics and pet nutrition

Market Trends

Shift Toward Natural Ingredients
As synthetic additives lose favor, the demand for naturally derived lycopene has soared. Clean-label trends and regulatory approvals for natural lycopene in supplements and foods are further boosting the market.

Microencapsulation and Nanotechnology
Advances in encapsulation techniques are enhancing lycopene stability, solubility, and bioavailability, increasing its effectiveness in nutraceuticals and functional foods.

Sustainability and Waste Reduction
Manufacturers are innovating in sustainable extraction, using tomato industry by-products, thereby reducing food waste and carbon footprint while cutting raw material costs.

Emergence in Cosmeceuticals
Lycopene is gaining traction in anti-aging and UV-protection skincare products, leveraging its antioxidant profile to promote healthy skin.

Online Retail and E-commerce
Online platforms have revolutionized lycopene distribution, making supplements more accessible and allowing manufacturers to reach a broader audience

Growth Drivers

Several macro and microeconomic factors are fueling the lycopene market's momentum:

Rising Chronic Diseases: Increased prevalence of cancer, cardiovascular diseases, and obesity has shifted focus toward preventive nutrition.
Aging Population: Older consumers are turning to supplements to maintain vitality and skin health.
Regulatory Approvals: Positive stances from regulatory bodies (e.g., FDA, EFSA) have boosted market confidence.
Innovation in Functional Foods: Lycopene-enriched yogurt, juices, and cereal bars are penetrating health-conscious consumer segments.

Challenges

Despite its promising outlook, the lycopene market faces several challenges:

High Extraction Costs: Natural lycopene production is more expensive than synthetic alternatives.
Stability Issues: Lycopene is sensitive to light, oxygen, and heat, complicating formulation and storage.
Regulatory Scrutiny: Variability in international food and drug regulations may limit market expansion in certain regions.
Consumer Misinformation: Misunderstanding about lycopene's actual health benefits can hinder adoption.

Future Opportunities

Looking forward, the lycopene market offers numerous untapped opportunities:

Fortified Foods for Children and Elderly: Customized products for specific age groups can open new market segments.
Functional Pet Foods: Incorporating lycopene into pet nutrition may find traction as pet health becomes a priority.
Emerging Markets: Expanding middle-class populations in Asia, Latin America, and Africa represent huge growth potential.
Lycopene from Non-Tomato Sources: Innovations in deriving lycopene from watermelon or pink guava could diversify product portfolios and reduce tomato dependency.

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Conclusion

The lycopene market is set for a vibrant future, driven by rising health awareness, demand for natural ingredients, and innovation across the food, pharma, and cosmetic sectors. While challenges like extraction costs and regulatory complexities persist, strategic investments and technological advancements can help industry players unlock the full potential of this powerful antioxidant.

Companies that prioritize natural formulations, leverage sustainable practices, and tap into emerging applications will likely dominate the lycopene space in the coming decade.

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