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 also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Lycopene products is expected to drive the demand for Lycopene, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market. Tools such as Porter’s Five Forces Analysis, SWOT analysis, feasibility analysis, and investment return analysis are used to analyze their growth patterns and market scope for the forecast period of 2020-2027.
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The leading market contenders listed in the report are:
BASF SE, Lycored, Allied Biotech Corporation, AromataGroup, DSM, Wellgreen Technology Co., Ltd., DöhlerGroup, Farbest Brands, Kalsec Inc., and Divi's Laboratories Limited
Key reasons to buy the Global Lycopene Market report:
The latest report comprehensively studies the global Lycopene market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Lycopene Market
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
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Regional Outlook of the Lycopene Market
The global Lycopene market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Lycopene market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Lycopene Market report:
The latest report comprehensively studies the global Lycopene market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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