The global lycopene market size was USD 117.3 Million in 2022 and is expected to register a steady revenue CAGR of 5.9% during the forecast period, according to latest analysis by Emergen Research. Rapid demand for lycopene from the nutraceutical sector owing to various health benefits and growing preference of consumers for clean green label products are key factors driving market revenue growth. Lycopene is a powerful antioxidant that helps to protect body from damage caused by free radicals. In addition, lycopene protects against development of certain types of cancer, heart disease, macular degeneration, and other age-related diseases. Lycopene has also been shown to reduce inflammation and improve cholesterol levels, which can help to reduce risk of stroke and other Cardiovascular Diseases (CVD).
The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Lycopene market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Lycopene market landscape.
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Key companies operating in the Lycopene market include:
BASF SE, Lycored, Allied Biotech Corporation, AromataGroup, DSM, Wellgreen Technology Co., Ltd., DöhlerGroup, Farbest Brands, Kalsec Inc., and Divi's Laboratories Limited
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Lycopene market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Lycopene Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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Lycopene Market Segmentation:
Source Outlook (Revenue, USD Million; 2019-2032)
Organic
Synthetic
Form Outlook (Revenue, USD Million; 2019-2032)
Oil suspension
Emulsion
Powder
Others
Application Outlook (Revenue, USD Million; 2019-2032)
Food & Beverages (F&B)
Pharmaceuticals and nutraceuticals
Personal care products
Lycopene Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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