Lycopene is a natural pigment present in plants. It is mainly found in the ripe fruits of tomato in the nightshade family. It is currently one of the strongest antioxidants found in plants in nature. It has been scientifically proven that singlet oxygen and oxygen free radicals in the human body are the culprits that infringe the body’s immune system.
The global lycopene market has the potential to grow with USD 126 million and with historical CAGR in the forecast period from 2020-2027. The rising adoption of lycopene in the dietary supplement, changing consumer lifestyle, and behavior pattern are fueling the market demand for the global lycopene market.
Lycopene is a natural carotenoid in the diet, and it was first isolated from tomatoes. It considered one of the most potent antioxidants found in nature. Lycopene products are used in the market with the national agricultural industrialization key support policy and used as additives.
It can effectively prevent various diseases caused by aging and decreased immunity and can widely use in the food industry as a red-like food coloring agent. Therefore, it has attracted the attention of experts from all over the world.
Moreover, lycopene is not only distributed in tomatoes but also wood turtle fruit, watermelon, pumpkin, plum, persimmon, pepper fruit, peach, papaya, mango, guava, grape, grapefruit, cranberry, cloudberry, citrus, etc. Fruits, tea leaves, and roots of radishes, carrots, turnips, etc., of which tomatoes are the primary source of lycopene. It has scientifically proven that lycopene has antioxidant properties, regulates cell growth and metabolism, can regulate cholesterol metabolism, prevent and suppress tumors, and effectively prevent various diseases caused by aging and decreased immunity.
Lycopene is non-toxic and has an intense color, so its use as a food coloring. As the demand for organic products grows, manufacturers from all walks of life are trying to develop natural products that meet consumer needs. Therefore, some manufacturers have developed organic lycopene, which can be further used by other industries to form organic products.
The awareness of the side effects of chemicals used in cosmetics has increased; consumers’ interest in using natural personal care products has also increased. Therefore, lycopene is an excellent natural ingredient in the development of natural cosmetics. Lycopene has antioxidant properties, protects the skin from damage, helps to moisturize better, and improve skin texture and elasticity.
Based on the source, the global Lycopene market bifurcated into Synthetic, Natural. The synthetic source segment accounted for the largest share in the global lycopene market. It is mainly owing to the availability of lycopene in the market. In addition to it, large manufacturing companies produce lycopene due to their cost-effectiveness in production, more straightforward processing, and can widely use in a different application. Moreover, natural lycopene sources will bolster its growth in the forecast period from 2020-2027. It is mainly due to the increasing demand for the health-benefit product, changing consumer eating pattern are propelling the global lycopene market.
Based on the application, the global Lycopene market segmented into Dietary supplements, Food & beverages, Personal care products, Pharmaceuticals. The dietary supplement segment has the largest market share in the worldwide lycopene market. It mainly owes to the distinctive properties of the lycopene used in a dietary supplement that helps in enhancing the immunity of the body. Moreover, the rising adoption of dietary supplements consumed by individuals daily is also contributing to improving the market demand for the global lycopene market.
Based on the form, the global Lycopene market categorized into Beadlets, Oil suspension, Powder, Emulsion. The beadlets segment accounts for the largest share in the global lycopene market. It is mainly due to the high content of lycopene found in beadlets and commonly use in an array of industries globally. Moreover, the beadlets form of lycopene is highly used by the manufacturers than any other way, such as emulsion, power, or oil suspension. Therefore, beadlets are fueling the market demand for the global lycopene market.
Based on the property, the global Lycopene market classified into a Health ingredient, a Coloring agent. The health ingredient property segment accounts for the largest share in the forecast period from 2020-2027 in the global lycopene market. Lycopene can induce apoptosis and can inhibit the proliferation of cancer cells. Therefore, the anti-cancer properties of lycopene help prevent and treat prostate cancer. Moreover, it estimated that the incidence of prostate cancer could lead to an increase in lycopene market. Lycopene also supports cardiovascular health.
Based on geography, the global Lycopene market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific expected to hold the largest share of the global lycopene market. Increased consumer spending and lifestyle changes are some of the driving forces for the growth of the lycopene market in the Asia-Pacific region. Similarly, as the number of working women increases, the trend to use sunscreen products is also increasing to protect the skin from pollution. Therefore, the demand for sunscreen products expected to promote the sales of lycopene in the Asia-Pacific region.
Companies such as Allied Biotech Corporation, Lycored, DSM, Wellgreen Technology Co Ltd, Divi’s Laboratories, San-Ei Gen F.F.I., Inc, Dangshang Sannuo Limited, DDW, Döhler, Farbest Brands, Zhejiang NHU CO. Ltd, EID Parry, Shaanxi Kingsci Biotechnology Co. Ltd, Vidya Herbs, Xi’an Pincredit Biotech Co Ltd, Hunan Sunshine Bio-Tech Co.Ltd, Xi’an Natural Field Bio-Technology Co., Ltd, Plantnat, SV AgroFoods, Plamed Green Science Group and others are key players in the global Lycopene market.