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Lycopene Market Overview
Lycopene market size is forecast to reach $150.2 million by 2026, growing at a CAGR of 5.3% during the forecast period 2021-2026. Lycopene is a dark red carotenoid hydrocarbon present in tomatoes and in a variety of other red fruits and vegetables such as red carrots, grapefruits, watermelons, and papayas. Lycopene, on the other hand, Lycopene is a carotene which does not have vitamin A activity. Asparagus, parsley, and guava are examples of non-red foods that can contain lycopene. Lycopene acts as an intermediate in the biosynthesis mechanism of certain carotenoids, such as beta-carotene, and is responsible for yellow, red, and orange pigmentation, photoprotection, and photosynthesis in plants, algae, and other photosynthetic species. Lycopene is used in dietary supplements because it is easily absorbed by the body. It is used to treat elevated cholesterol, high blood pressure, and certain cancers since it acts like an antioxidant, protecting cells from more harm. Increasing application of lycopene in various industries such as food & beverages, pharmaceuticals, dietary supplements, cosmetics and others are the major factors driving the growth of the market. Increasing disposable income coupled with changing lifestyle of the people is set to further enhance the overall market development of the Lycopene Market for the period 2021-2026.
Lycopene Market Report Coverage
The report: “Lycopene Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Lycopene Market.
By Source: Natural, Synthetic.
By Application: Food & Beverages, Pharmaceuticals, Dietary Supplements, Cosmetics, Others.
By Form: Powder, Granule/Capsule, Liquid.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).
Key Takeaways
- Asia-Pacific dominated the Lycopene Market in 2020 owing to the presence of large number of manufacturer. The Lycopene Market scope for different regions will be provided in the final report.
- Increasing awareness about benefits of lycopene in food are likely to aid the market growth of the Lycopene Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Lycopene Market report.
- The factor that hamper the Lycopene Market are high cost of lycopene due to processing & extraction process in lycopene and availability of substitute products in the market.
Lycopene Market Revenue Share, By Geography, 2020(%)
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Lycopene Market Segment Analysis – By Source
Synthetic held the largest share in the Lycopene Market in 2020 and is estimated to grow at a CAGR 5.7% during the forecast period 2021-2026. Most industrial firms are interested in synthetic source lycopene due to a variety of reasons such as lower production costs, easier packaging, and it’s convenient and broad applications in a variety of industries. Furthermore, synthetic lycopene is easily available in the market. Synthetic are estimated to register the higher CAGR over the period 2021-2026.
Lycopene Market Segment Analysis – By Application
Dietary Supplements held the largest share in the Lycopene Market in 2020 and is estimated to grow at a CAGR 6.1% during the forecast period 2021-2026. The millennial generation is driving up demand for dietary supplements in both developed and emerging countries. Lycopene is a main ingredient in all of the dietary supplements that people take on a regular basis. Furthermore, market experts expect that dietary supplement adoption will increase the most in the next five years. Dietary Supplements are estimated to register the higher CAGR over the period 2021-2026.
Lycopene Market Segment Analysis – By Geography
Asia-Pacific dominated the Lycopene Market with a major share of 38.2% in 2020. This is attributed to the presence of key manufacturers in this region. Furthermore, growing urbanization, increasing disposable income of the people coupled with rising awareness about benefits of lycopene in food in this region is also increasing the growth of the market in this region. However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising demand for organic based lycopene products coupled with increasing preference of the people towards healthy food products. Increasing awareness about benefits offered by lycopene is also increasing the growth of the market in this region.
Lycopene Market Drivers
Increasing Prevalence of Prostate Cancer
Increasing prevalence of prostate cancer among men is increasing the growth of the Lycopene Market. Lycopene has the ability to induce apoptosis and suppress cancer cell proliferation. Thus, lycopene's anticancer property aids in the prevention and treatment of prostate cancer. According to Centres For Disease Control And Prevention (CDC), prostate cancer is the second leading cause of death and most common cancer among men in U.S. Thus, increasing the growth of the Lycopene Market during the forecast period 2021-2026.
Growing Consumption of Lycopene
The Lycopene Market is expanding as a result of rising lycopene intake. Lycopene is being used more often in a number of industries, including dietary supplements, food, personal care and cosmetics, and pharmaceuticals. It is gaining popularity due to its properties, which include being a health ingredient and a coloring agent. Thus, increasing the growth of the Lycopene Market during the forecast period 2021-2026.
Lycopene Market Challenges
Availability of Substitute Products
Some of the factors that are set to impede the growth of the Lycopene Market are availability of substitute products such as synthetic food colors. High cost incurred due to processing & extraction process is also set to hinder the growth of the market.
Lycopene Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Lycopene Market. In 2020, the Lycopene Market share is consolidated by the top ten players present in the market. The Lycopene Market, top 10 companies are, Royal DSM, Dohler, Plantnat, SV AgroFoods, Plamed Green Science Group, Wellgreen Technology Co Ltd., General Nutrition Centers, Inc., Lycored, Allied Biotech Corporation and Vidya Herbs
Relevant Titles:
Report Code: FBR 0340
Report Code: FBR 0127
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1. Lycopene Market - Overview
1.1 Definitions and Scope
2. Lycopene Market - Executive Summary
2.1 Market Revenue and Key Trends
2.2 Key trends by Source
2.3 Key trends by Application
2.4 Key trends by Form
2.5 Key trends by Geography
3. Lycopene Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis –
3.5 Pricing Analysis
4. Lycopene Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Lycopene Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Lycopene Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Lycopene Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Lycopene Market - By Source(Market Size –$Million/$Billion)
8.1 Natural
8.2 Synthetic
9. Lycopene Market - By Application(Market Size –$Million/$Billion)
9.1 Food & Beverages
9.2 Pharmaceuticals
9.3 Dietary Supplements
9.4 Cosmetics
9.5 Others
10. Lycopene Market - By Form(Market Size –$Million/$Billion
10.1 Powder
10.2 Granule/Capsule
10.3 Liquid
11. Lycopene Market - By Geography(Market Size –$Million/$Billion
11.1 North America
11.1.1 U.S.
11.1.2 Mexico
11.1.3 Canada
11.2 Europe
11.2.1 U.K.
11.2.2 France
11.2.3 Germany
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Lycopene Market - Entropy
13. Lycopene Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Best Practices for Companies
14. Lycopene Market – Key Company List by Country Premium Premium
15. Lycopene Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Lycopene Market, By Product Market 2019-2024 ($M)1.1 Organic Lycopene Market 2019-2024 ($M) - Global Industry Research
1.2 Synthetic Lycopene Market 2019-2024 ($M) - Global Industry Research
2.Global Company Profiling Market 2019-2024 ($M)
2.1 BASF SE Market 2019-2024 ($M) - Global Industry Research
2.2 Bayer AG Market 2019-2024 ($M) - Global Industry Research
2.3 NBTY Market 2019-2024 ($M) - Global Industry Research
2.4 Kagome Market 2019-2024 ($M) - Global Industry Research
2.5 DSM Company Market 2019-2024 ($M) - Global Industry Research
2.6 Hoffmann-La Roche Ltd Market 2019-2024 ($M) - Global Industry Research
2.7 General Nutrition Cente Market 2019-2024 ($M) - Global Industry Research
2.8 Wellgreen Technology Market 2019-2024 ($M) - Global Industry Research
2.9 LycoRed Market 2019-2024 ($M) - Global Industry Research
3.Global Lycopene Market, By Product Market 2019-2024 (Volume/Units)
3.1 Organic Lycopene Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Synthetic Lycopene Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Company Profiling Market 2019-2024 (Volume/Units)
4.1 BASF SE Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Bayer AG Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 NBTY Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Kagome Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 DSM Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Hoffmann-La Roche Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 General Nutrition Cente Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Wellgreen Technology Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 LycoRed Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Lycopene Market, By Product Market 2019-2024 ($M)
5.1 Organic Lycopene Market 2019-2024 ($M) - Regional Industry Research
5.2 Synthetic Lycopene Market 2019-2024 ($M) - Regional Industry Research
6.North America Company Profiling Market 2019-2024 ($M)
6.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
6.2 Bayer AG Market 2019-2024 ($M) - Regional Industry Research
6.3 NBTY Market 2019-2024 ($M) - Regional Industry Research
6.4 Kagome Market 2019-2024 ($M) - Regional Industry Research
6.5 DSM Company Market 2019-2024 ($M) - Regional Industry Research
6.6 Hoffmann-La Roche Ltd Market 2019-2024 ($M) - Regional Industry Research
6.7 General Nutrition Cente Market 2019-2024 ($M) - Regional Industry Research
6.8 Wellgreen Technology Market 2019-2024 ($M) - Regional Industry Research
6.9 LycoRed Market 2019-2024 ($M) - Regional Industry Research
7.South America Lycopene Market, By Product Market 2019-2024 ($M)
7.1 Organic Lycopene Market 2019-2024 ($M) - Regional Industry Research
7.2 Synthetic Lycopene Market 2019-2024 ($M) - Regional Industry Research
8.South America Company Profiling Market 2019-2024 ($M)
8.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
8.2 Bayer AG Market 2019-2024 ($M) - Regional Industry Research
8.3 NBTY Market 2019-2024 ($M) - Regional Industry Research
8.4 Kagome Market 2019-2024 ($M) - Regional Industry Research
8.5 DSM Company Market 2019-2024 ($M) - Regional Industry Research
8.6 Hoffmann-La Roche Ltd Market 2019-2024 ($M) - Regional Industry Research
8.7 General Nutrition Cente Market 2019-2024 ($M) - Regional Industry Research
8.8 Wellgreen Technology Market 2019-2024 ($M) - Regional Industry Research
8.9 LycoRed Market 2019-2024 ($M) - Regional Industry Research
9.Europe Lycopene Market, By Product Market 2019-2024 ($M)
9.1 Organic Lycopene Market 2019-2024 ($M) - Regional Industry Research
9.2 Synthetic Lycopene Market 2019-2024 ($M) - Regional Industry Research
10.Europe Company Profiling Market 2019-2024 ($M)
10.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
10.2 Bayer AG Market 2019-2024 ($M) - Regional Industry Research
10.3 NBTY Market 2019-2024 ($M) - Regional Industry Research
10.4 Kagome Market 2019-2024 ($M) - Regional Industry Research
10.5 DSM Company Market 2019-2024 ($M) - Regional Industry Research
10.6 Hoffmann-La Roche Ltd Market 2019-2024 ($M) - Regional Industry Research
10.7 General Nutrition Cente Market 2019-2024 ($M) - Regional Industry Research
10.8 Wellgreen Technology Market 2019-2024 ($M) - Regional Industry Research
10.9 LycoRed Market 2019-2024 ($M) - Regional Industry Research
11.APAC Lycopene Market, By Product Market 2019-2024 ($M)
11.1 Organic Lycopene Market 2019-2024 ($M) - Regional Industry Research
11.2 Synthetic Lycopene Market 2019-2024 ($M) - Regional Industry Research
12.APAC Company Profiling Market 2019-2024 ($M)
12.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
12.2 Bayer AG Market 2019-2024 ($M) - Regional Industry Research
12.3 NBTY Market 2019-2024 ($M) - Regional Industry Research
12.4 Kagome Market 2019-2024 ($M) - Regional Industry Research
12.5 DSM Company Market 2019-2024 ($M) - Regional Industry Research
12.6 Hoffmann-La Roche Ltd Market 2019-2024 ($M) - Regional Industry Research
12.7 General Nutrition Cente Market 2019-2024 ($M) - Regional Industry Research
12.8 Wellgreen Technology Market 2019-2024 ($M) - Regional Industry Research
12.9 LycoRed Market 2019-2024 ($M) - Regional Industry Research
13.MENA Lycopene Market, By Product Market 2019-2024 ($M)
13.1 Organic Lycopene Market 2019-2024 ($M) - Regional Industry Research
13.2 Synthetic Lycopene Market 2019-2024 ($M) - Regional Industry Research
14.MENA Company Profiling Market 2019-2024 ($M)
14.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
14.2 Bayer AG Market 2019-2024 ($M) - Regional Industry Research
14.3 NBTY Market 2019-2024 ($M) - Regional Industry Research
14.4 Kagome Market 2019-2024 ($M) - Regional Industry Research
14.5 DSM Company Market 2019-2024 ($M) - Regional Industry Research
14.6 Hoffmann-La Roche Ltd Market 2019-2024 ($M) - Regional Industry Research
14.7 General Nutrition Cente Market 2019-2024 ($M) - Regional Industry Research
14.8 Wellgreen Technology Market 2019-2024 ($M) - Regional Industry Research
14.9 LycoRed Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Lycopene Global Market Revenue, 2019-2024 ($M)2.Canada Lycopene Global Market Revenue, 2019-2024 ($M)
3.Mexico Lycopene Global Market Revenue, 2019-2024 ($M)
4.Brazil Lycopene Global Market Revenue, 2019-2024 ($M)
5.Argentina Lycopene Global Market Revenue, 2019-2024 ($M)
6.Peru Lycopene Global Market Revenue, 2019-2024 ($M)
7.Colombia Lycopene Global Market Revenue, 2019-2024 ($M)
8.Chile Lycopene Global Market Revenue, 2019-2024 ($M)
9.Rest of South America Lycopene Global Market Revenue, 2019-2024 ($M)
10.UK Lycopene Global Market Revenue, 2019-2024 ($M)
11.Germany Lycopene Global Market Revenue, 2019-2024 ($M)
12.France Lycopene Global Market Revenue, 2019-2024 ($M)
13.Italy Lycopene Global Market Revenue, 2019-2024 ($M)
14.Spain Lycopene Global Market Revenue, 2019-2024 ($M)
15.Rest of Europe Lycopene Global Market Revenue, 2019-2024 ($M)
16.China Lycopene Global Market Revenue, 2019-2024 ($M)
17.India Lycopene Global Market Revenue, 2019-2024 ($M)
18.Japan Lycopene Global Market Revenue, 2019-2024 ($M)
19.South Korea Lycopene Global Market Revenue, 2019-2024 ($M)
20.South Africa Lycopene Global Market Revenue, 2019-2024 ($M)
21.North America Lycopene Global By Application
22.South America Lycopene Global By Application
23.Europe Lycopene Global By Application
24.APAC Lycopene Global By Application
25.MENA Lycopene Global By Application