The global market of lycopene is estimated at a value of 126 million US dollars, and it is expected to grow at a rate of 5.3 percent CAGR. Lycopene is a product that is actually beneficial for human health as it has many positive effects on humans, including the development of immunity and the positive effect on the cardiovascular system. It is also used to treat many diseases such as human papillomavirus infection, asthma, and gingivitis, and others. The growing demand for the natural colorants in the ready to eat meat products and the increase in the food and the beverage, cosmetics, and the pharmaceuticals industry is fueling the market growth.

Top Driver: Robust Demand for Legal Expert and Security Systems with Cognitive Abilities

The increasing demand for anti-cancer products that protect against degenerative diseases is driving the lycopene market. The apoptosis of cancer is increasing day by day, so there is a high demand for lycopene products. According to the study, and the extensive researches, it is seen that the increased intake of the lycopene can help in the prevention of the risk of prostate cancer in the region. The lycopene has the properties that prevent cancer, so it is the major driver to boost the global lycopene market. Moreover, consumers have started to implement a high intake of lycopene in their daily diets.

Synthetic Segment to Make Crucial Contribution to Growth of Global Lycopene Market

The lycopene market is segmented into the synthetic lycopene and the organic lycopene. The synthetic lycopene is made by using chemical solvents and synthetic raw materials, where the organic lycopene is made by using the natural solvents and the natural raw material. The synthetic segment is considered to fuels the market share during the forecast period. Hence, the global synthetic lycopene market is expected to significantly increase the revenue contribution over the forecast period. This is the result of the factors such as the easily available synthetic lycopene; the processing is similar, the cost is comparatively low for the manufacturing, the application has the broader scope around the globe of the industries. But there is a shift in preferences, demanding more organic-based products as it can benefit in human health.

Another segment includes in the cosmetics creams and the lotions, pharmaceuticals, in the tablets and the capsules. Organic segment is another segment that is considered to replace the synthetic segment in the near future because of its health benefits.

Rising Investments in Lycopene Market and Research to Benefit North America Market

The global market of the lycopene can be divided geographically into major regions, which include North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all the regions Europe has developed as the most dominant region in the global lycopene market followed by North America, increasing the usage of the lycopene in the meat industry that is coupled with the rising demand for the natural colorants, has strengthened the growth of the global lycopene market and hence it is estimated to expand the revenue contribution of the market significantly over the forecast period.

Players to Focus on Expanding Applications in Food, Pharmaceuticals and Cosmetics

The countries are expected to expand their business by the enhancement of their product portfolio in the global market of the lycopene. The companies are expected to frame certain strategies in the future as well in order to gain the advantages of the competition in the market of the lycopene till 2028.

Wellgreen Company has a well known experience in the manufacturing of lycopene. Wellgreen center has experienced and qualified team that is tracking every step in the manufacturing process.

Zipont chem. technologies They are involved in the research, Manufacture and the development of the human health products including lycopene.

Scope of the report

By type

• Organic type lycopene
• Synthetic type lycopene

By applications

• Food coloring agent
• Pharmaceuticals
• Cosmetics

By end users

• Food industry
• Pharmaceutical industry
• Cosmetics industry

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.