Lycopene is a bright and red carotenoid hydrocarbon found in tomatoes and in some other red fruits and vegetables, including red carrots, grapefruits, watermelons, and papayas. However, lycopene is chemically a carotene, and it does not possess vitamin A activity. Foods that are not red may also contain lycopene, including asparagus, parsley, and guava.In plants, algae, or other photosynthetic organisms, lycopene work as an intermediate in the biosynthesis process of many carotenoids, such as beta-carotene, that is responsible for yellow, red, and orange, pigmentation, photoprotection, and photosynthesis. It is insoluble in water. Owing to its strong color, lycopene is quite useful as a food coloring (registered as E160d) and is approved for use in the USA, Australia, and New Zealand (registered as 160d) and the European Union.
MARKET DYNAMICS
The lycopene market has witnessed significant growth owing to factors such as increasing demand for organic-based lycopene products, which protects against degenerative diseases. Also, it has a wider application in cosmetics, dietary supplements, food & beverages, and pharmaceuticals, and others. Along with increasing usage of lycopene in various industries, the global lycopene market is expected to observe robust growth over the forecast period. Furthermore, Consumer inclination towards the use of natural products creates a positive impact on the lycopene market. However, the cost incurred due to the processing & extraction in lycopene and availability of substitute products such as synthetic food coloring may hamper the growth of the lycopene market. Nevertheless, with the steady growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Lycopene Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lycopene market with detailed market segmentation by application, type, and geography. The global lycopene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lycopene market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lycopene market is segmented on the basis of application and type. The lycopene market on the basis of the application is classified into cosmetics, dietary supplements, food & beverages, and pharmaceuticals, and others. On the basis of type, global lycopene market is bifurcated into synthetic and organic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lycopene market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lycopene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the lycopene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lycopene market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global lycopene market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lycopene market are anticipated to lucrative growth opportunities in the future with the rising demand for lycopene in the global market. Below mentioned is the list of few companies engaged in the lycopene market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lycopene market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bayer AG
- General Nutrition Center,
- Hoffmann-La Roche Ltd
- Jamieson
- Kagome
- Lycored
- NBTY
- Royal DSM N.V..
- Shaanxi Huike Botanical Development Co. Ltd.
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