Global Lycopene Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 231
- CATEGORY
- Chemicals & Materials
Market Overview:
Lycopene is a carotenoid pigment that is found in various fruits and vegetables, including tomatoes, watermelons, and papayas. It is known for its antioxidant properties and potential health benefits, such as reducing the risk of certain cancers, cardiovascular diseases, and age-related macular degeneration. As a result, the lycopene market has been growing in recent years, driven by the increasing demand for functional foods and dietary supplements containing lycopene.
The lycopene market can be segmented based on application, source, and form. In terms of application, the market can be divided into food and beverages, dietary supplements, pharmaceuticals, and cosmetics. In the food and beverage industry, lycopene is used as a natural food colorant and a functional ingredient in various products, such as sauces, juices, and snacks. In the dietary supplement industry, lycopene is used as a standalone supplement or as part of a multivitamin formulation. In the pharmaceutical industry, lycopene is being studied for its potential use in the prevention and treatment of various diseases. In the cosmetics industry, lycopene is used in skin care products due to its antioxidant properties and potential anti-aging benefits.
In terms of source, the lycopene market can be divided into natural and synthetic sources. Natural sources of lycopene are derived from fruits and vegetables, while synthetic lycopene is produced using chemical synthesis. Natural lycopene is preferred by consumers and is often used in the production of functional foods and dietary supplements.
In terms of form, the lycopene market can be divided into powder, oil, and paste. Lycopene powder is the most commonly used form and is often used in the production of supplements and functional foods. Lycopene oil is often used in the production of cosmetic products, while lycopene paste is used in the food and beverage industry.
Overall, the lycopene market is expected to grow due to the increasing awareness of the health benefits of lycopene and the growing demand for functional ingredients in the food and beverage industry. The market is likely to experience significant growth in emerging economies, particularly in the Asia Pacific region, where the demand for functional foods and dietary supplements is growing rapidly.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the lycopene market. On one hand, there has been an increase in demand for natural and functional ingredients that can help boost the immune system and support overall health. As a result, the demand for lycopene supplements and functional foods has increased, especially in regions such as Asia Pacific and Europe.
On the other hand, the pandemic has also disrupted the global supply chain, which has affected the production and distribution of lycopene products. The closure of manufacturing facilities, transportation restrictions, and reduced workforce have led to supply chain disruptions, resulting in product shortages and increased prices.
The pandemic has also had an impact on the demand for lycopene in the cosmetics industry. With the closure of salons and reduced demand for cosmetic products, the demand for lycopene as an ingredient in cosmetic products has decreased.
Despite the challenges, the lycopene market is expected to recover as the global economy bounces back from the pandemic. The increasing consumer awareness of the health benefits of lycopene, along with the growing demand for functional ingredients in the food and beverage industry, are likely to drive the growth of the market in the coming years.
Market Dynamics:
Drivers:
There are several drivers that are expected to contribute to the growth of the lycopene market:
- Increasing demand for natural and functional ingredients: The demand for natural and functional ingredients in the food and beverage industry is growing, as consumers become more health-conscious and seek out products that offer additional health benefits. Lycopene, as a natural antioxidant, is increasingly being used in the production of functional foods and dietary supplements.
- Growing awareness of the health benefits of lycopene: Research has shown that lycopene has potential health benefits, such as reducing the risk of certain cancers, cardiovascular diseases, and age-related macular degeneration. This has led to an increasing awareness of the health benefits of lycopene among consumers, which is expected to drive the demand for lycopene supplements and functional foods.
- Increasing consumer demand for natural and organic products: Consumers are increasingly seeking out natural and organic products, as they perceive them to be healthier and safer. Lycopene, as a natural ingredient derived from fruits and vegetables, is well-positioned to meet this growing demand for natural and organic products.
- Growing demand from the cosmetics industry: Lycopene is also used in the cosmetics industry due to its antioxidant properties and potential anti-aging benefits. As the demand for anti-aging and natural skincare products grows, the demand for lycopene as an ingredient in cosmetic products is expected to increase.
Overall, the growing awareness of the health benefits of lycopene, coupled with the increasing demand for natural and functional ingredients, is expected to drive the growth of the lycopene market in the coming years.
Regional Analysis:
The global lycopene market can be analyzed based on regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
- North America: The North American market for lycopene is expected to grow significantly due to the increasing demand for natural and functional ingredients in the food and beverage industry. The United States is the largest market in this region due to the high consumption of lycopene-rich foods such as tomatoes and watermelons.
- Europe: Europe is expected to witness significant growth in the lycopene market due to the increasing demand for natural and organic products, as well as the growing awareness of the health benefits of lycopene. Italy and Spain are the largest producers of tomatoes, which are the primary source of lycopene in this region.
- Asia-Pacific: The Asia-Pacific region is expected to witness significant growth in the lycopene market due to the increasing demand for functional foods and dietary supplements. India and China are the largest producers of tomatoes in this region, and the growing population and increasing disposable income in these countries are expected to drive the demand for lycopene.
- Latin America: The Latin American market for lycopene is expected to grow due to the high consumption of lycopene-rich foods such as tomatoes and watermelons. Brazil is the largest producer of tomatoes in this region.
- Middle East and Africa: The Middle East and Africa market for lycopene is expected to witness moderate growth due to the increasing demand for natural and functional ingredients in the food and beverage industry. Egypt is the largest producer of tomatoes in this region.
Overall, the global lycopene market is expected to grow significantly in the coming years, driven by the increasing demand for natural and functional ingredients in the food and beverage industry, as well as the growing awareness of the health benefits of lycopene.
Market Segmentation:
The lycopene market can be segmented based on application and source.
- Application: The lycopene market can be segmented based on application into food and beverage, dietary supplements, pharmaceuticals, and cosmetics.
- Food and beverage: Lycopene is used as a natural coloring and flavoring agent in a variety of food products, such as sauces, soups, and beverages. It is also added to functional foods, such as cereals and energy bars, due to its potential health benefits.
- Dietary supplements: Lycopene supplements are used to reduce the risk of certain cancers, cardiovascular diseases, and age-related macular degeneration.
- Pharmaceuticals: Lycopene is being studied for its potential therapeutic applications, such as its anti-inflammatory and anti-cancer properties.
- Cosmetics: Lycopene is used in cosmetic products due to its antioxidant properties and potential anti-aging benefits.
- Source: The lycopene market can be segmented based on source into natural and synthetic.
- Natural: Lycopene is naturally found in fruits and vegetables, with tomatoes being the primary source. Other natural sources of lycopene include watermelon, pink grapefruit, and guava.
- Synthetic: Synthetic lycopene is produced through chemical synthesis or biotechnology.
Overall, the food and beverage industry is the largest application segment for lycopene due to its use as a natural coloring and flavoring agent. The dietary supplements segment is also expected to witness significant growth due to the increasing awareness of the health benefits of lycopene. The natural source segment is expected to dominate the market due to the growing demand for natural and organic products.
Competitive Landscape:
Some of the key players in the lycopene market include:
Lycored Ltd. is one of the leading players in the lycopene market and offers a range of lycopene products for the food and beverage, dietary supplements, and cosmetic industries. DSM Nutritional Products also offers a wide range of lycopene products, including natural and synthetic lycopene. BASF SE is another major player in the market and offers lycopene products for various applications, including food and beverage, dietary supplements, and pharmaceuticals. Wellgreen Technology Co., Ltd. is a leading producer of natural lycopene from tomatoes and offers a range of lycopene products for the food and beverage industry. Shaanxi Huatai Bio-fine Chemical Co., Ltd. is a Chinese company that offers natural lycopene products for various applications, including food and beverage, dietary supplements, and cosmetics. Vidya Herbs Pvt. Ltd., Xi'an SR Bio-Engineering Co., Ltd., AIE Pharmaceuticals, Inc., Beijing Gingko Group, and Chr. Hansen Holding A/S are other notable players in the lycopene market.
Global Lycopene Market: Major PlayersDSM
Kagome
Chr. Hansen
BASF
Dangshan Sinojuice Food Co., Ltd
Jamieson Laboratories
LycoRed
North China Pharmaceutical Group
TomatoRed
General Nutrition Cente
Wellgreen Technology
Global Lycopene Market: By Types
Pharmaceutical Grade
Food Grade
Global Lycopene Market: By Applications
Feed Additive
Medicine
Food Coloring
Others
Global Lycopene Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Lycopene market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Lycopene Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Lycopene Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Lycopene
1.3 Lycopene Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Lycopene
1.4.2 Applications of Lycopene
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 DSM Market Performance Analysis
3.1.1 DSM Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 DSM Sales, Value, Price, Gross Margin 2016-2021
3.2 Kagome Market Performance Analysis
3.2.1 Kagome Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Kagome Sales, Value, Price, Gross Margin 2016-2021
3.3 Chr. Hansen Market Performance Analysis
3.3.1 Chr. Hansen Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Chr. Hansen Sales, Value, Price, Gross Margin 2016-2021
3.4 BASF Market Performance Analysis
3.4.1 BASF Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 BASF Sales, Value, Price, Gross Margin 2016-2021
3.5 Dangshan Sinojuice Food Co., Ltd Market Performance Analysis
3.5.1 Dangshan Sinojuice Food Co., Ltd Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Dangshan Sinojuice Food Co., Ltd Sales, Value, Price, Gross Margin 2016-2021
3.6 Jamieson Laboratories Market Performance Analysis
3.6.1 Jamieson Laboratories Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Jamieson Laboratories Sales, Value, Price, Gross Margin 2016-2021
3.7 LycoRed Market Performance Analysis
3.7.1 LycoRed Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 LycoRed Sales, Value, Price, Gross Margin 2016-2021
3.8 North China Pharmaceutical Group Market Performance Analysis
3.8.1 North China Pharmaceutical Group Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 North China Pharmaceutical Group Sales, Value, Price, Gross Margin 2016-2021
3.9 TomatoRed Market Performance Analysis
3.9.1 TomatoRed Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 TomatoRed Sales, Value, Price, Gross Margin 2016-2021
3.10 General Nutrition Cente Market Performance Analysis
3.10.1 General Nutrition Cente Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 General Nutrition Cente Sales, Value, Price, Gross Margin 2016-2021
3.11 Wellgreen Technology Market Performance Analysis
3.11.1 Wellgreen Technology Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Wellgreen Technology Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Lycopene Production and Value by Type
4.1.1 Global Lycopene Production by Type 2016-2021
4.1.2 Global Lycopene Market Value by Type 2016-2021
4.2 Global Lycopene Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Pharmaceutical Grade Market Production, Value and Growth Rate
4.2.2 Food Grade Market Production, Value and Growth Rate
4.3 Global Lycopene Production and Value Forecast by Type
4.3.1 Global Lycopene Production Forecast by Type 2021-2026
4.3.2 Global Lycopene Market Value Forecast by Type 2021-2026
4.4 Global Lycopene Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Pharmaceutical Grade Market Production, Value and Growth Rate Forecast
4.4.2 Food Grade Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Lycopene Consumption and Value by Application
5.1.1 Global Lycopene Consumption by Application 2016-2021
5.1.2 Global Lycopene Market Value by Application 2016-2021
5.2 Global Lycopene Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Feed Additive Market Consumption, Value and Growth Rate
5.2.2 Medicine Market Consumption, Value and Growth Rate
5.2.3 Food Coloring Market Consumption, Value and Growth Rate
5.2.4 Others Market Consumption, Value and Growth Rate
5.3 Global Lycopene Consumption and Value Forecast by Application
5.3.1 Global Lycopene Consumption Forecast by Application 2021-2026
5.3.2 Global Lycopene Market Value Forecast by Application 2021-2026
5.4 Global Lycopene Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Feed Additive Market Consumption, Value and Growth Rate Forecast
5.4.2 Medicine Market Consumption, Value and Growth Rate Forecast
5.4.3 Food Coloring Market Consumption, Value and Growth Rate Forecast
5.4.4 Others Market Consumption, Value and Growth Rate Forecast
6 Global Lycopene by Region, Historical Data and Market Forecasts
6.1 Global Lycopene Sales by Region 2016-2021
6.2 Global Lycopene Market Value by Region 2016-2021
6.3 Global Lycopene Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Lycopene Sales Forecast by Region 2021-2026
6.5 Global Lycopene Market Value Forecast by Region 2021-2026
6.6 Global Lycopene Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Lycopene Value and Market Growth 2016-2021
7.2 United State Lycopene Sales and Market Growth 2016-2021
7.3 United State Lycopene Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Lycopene Value and Market Growth 2016-2021
8.2 Canada Lycopene Sales and Market Growth 2016-2021
8.3 Canada Lycopene Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Lycopene Value and Market Growth 2016-2021
9.2 Germany Lycopene Sales and Market Growth 2016-2021
9.3 Germany Lycopene Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Lycopene Value and Market Growth 2016-2021
10.2 UK Lycopene Sales and Market Growth 2016-2021
10.3 UK Lycopene Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Lycopene Value and Market Growth 2016-2021
11.2 France Lycopene Sales and Market Growth 2016-2021
11.3 France Lycopene Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Lycopene Value and Market Growth 2016-2021
12.2 Italy Lycopene Sales and Market Growth 2016-2021
12.3 Italy Lycopene Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Lycopene Value and Market Growth 2016-2021
13.2 Spain Lycopene Sales and Market Growth 2016-2021
13.3 Spain Lycopene Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Lycopene Value and Market Growth 2016-2021
14.2 Russia Lycopene Sales and Market Growth 2016-2021
14.3 Russia Lycopene Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Lycopene Value and Market Growth 2016-2021
15.2 China Lycopene Sales and Market Growth 2016-2021
15.3 China Lycopene Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Lycopene Value and Market Growth 2016-2021
16.2 Japan Lycopene Sales and Market Growth 2016-2021
16.3 Japan Lycopene Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Lycopene Value and Market Growth 2016-2021
17.2 South Korea Lycopene Sales and Market Growth 2016-2021
17.3 South Korea Lycopene Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Lycopene Value and Market Growth 2016-2021
18.2 Australia Lycopene Sales and Market Growth 2016-2021
18.3 Australia Lycopene Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Lycopene Value and Market Growth 2016-2021
19.2 Thailand Lycopene Sales and Market Growth 2016-2021
19.3 Thailand Lycopene Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Lycopene Value and Market Growth 2016-2021
20.2 Brazil Lycopene Sales and Market Growth 2016-2021
20.3 Brazil Lycopene Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Lycopene Value and Market Growth 2016-2021
21.2 Argentina Lycopene Sales and Market Growth 2016-2021
21.3 Argentina Lycopene Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Lycopene Value and Market Growth 2016-2021
22.2 Chile Lycopene Sales and Market Growth 2016-2021
22.3 Chile Lycopene Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Lycopene Value and Market Growth 2016-2021
23.2 South Africa Lycopene Sales and Market Growth 2016-2021
23.3 South Africa Lycopene Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Lycopene Value and Market Growth 2016-2021
24.2 Egypt Lycopene Sales and Market Growth 2016-2021
24.3 Egypt Lycopene Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Lycopene Value and Market Growth 2016-2021
25.2 UAE Lycopene Sales and Market Growth 2016-2021
25.3 UAE Lycopene Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Lycopene Value and Market Growth 2016-2021
26.2 Saudi Arabia Lycopene Sales and Market Growth 2016-2021
26.3 Saudi Arabia Lycopene Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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