
Lycopene Market
Lycopene Market Forecasts to 2030 - Global Analysis By Product (Synthetic Lycopene and Organic Lycopene), Formulation (Emulsion, Oil Suspension, Powder and Beadlets), Application (Cosmetics, Pharmaceutical, Food Coloring Agent and Other Applications) and By Geography

According to Stratistics MRC, the Global Lycopene Market is accounted for $142.6 million in 2024 and is expected to reach $218.9 million by 2030 growing at a CAGR of 7.4% during the forecast period. Lycopene is a naturally occurring pigment responsible for the red color in fruits and vegetables, particularly tomatoes, watermelon, and pink grapefruit. It belongs to the carotenoid family, which are potent antioxidants. Lycopene is notable for its health benefits, primarily for its potential role in reducing the risk of certain chronic diseases, including cancer and cardiovascular diseases. As an antioxidant, it helps neutralize harmful free radicals in the body, thus protecting cells from damage.
According to World Health Organization (WHO), cancer is a leading cause of death globally, accounting for nearly 10 million deaths in 2020. According to American Academy of Dermatology (AAD) Association, 197,700 new cases of melanoma are expected to be detected in the U.S. in 2022, with 97,920 being noninvasive (in situ) and 99,780 being invasive.
Market Dynamics:
Driver:
Rising demand for lycopene based dietary supplements
Lycopene, a potent antioxidant found in tomatoes, watermelons, and other red fruits and vegetables, has garnered attention for its potential health benefits, including its role in reducing the risk of chronic diseases like cancer and cardiovascular conditions. Rising consumer awareness about the importance of antioxidants in maintaining overall health has fueled the demand for lycopene supplements. Additionally, lifestyle changes, increasing health consciousness, and a growing aging population seeking preventive healthcare solutions have contributed to the uptick in demand.
Restraint:
Fluctuations in the prices of raw materials
Fluctuations in raw material prices pose significant challenges to the Lycopene Market. Unpredictable price shifts in agricultural commodities, such as tomatoes, impact the cost of lycopene extraction and processing. When raw material prices soar, manufacturers face higher production costs, subsequently raising the prices of lycopene-based products. This price volatility undermines market competitiveness and consumer affordability, limiting the growth potential of the lycopene industry.
Opportunity:
Advancements in extraction technologies
Advancements in extraction technologies are revolutionizing the lycopene market by enabling more efficient and cost-effective extraction processes. Traditional methods often involved heat, solvents, and lengthy procedures, leading to degradation of lycopene and increased production costs. Modern extraction techniques, such as supercritical fluid extraction (SFE) and ultrasound-assisted extraction (UAE), offer higher yields, greater purity, and reduced processing times. SFE employs supercritical carbon dioxide to extract lycopene without the use of harmful solvents, preserving its integrity and nutritional value.
Threat:
Seasonal variations
Seasonal changes such as temperature fluctuations and irregular rainfall patterns, can disrupt tomato cultivation, leading to inconsistent yields and quality. This inconsistency in the tomato supply chain directly affects lycopene production, causing fluctuations in market availability and pricing. Additionally, seasonal variations may also affect the nutritional content of tomatoes, influencing the concentration of lycopene within them. Consequently, industries reliant on lycopene, such as pharmaceuticals, nutraceuticals, and food processing, face challenges in maintaining stable production and meeting consumer demand.
Covid-19 Impact:
As the virus spread globally, lockdowns and restrictions disrupted supply chains, causing shortages in raw materials and hindering transportation and distribution networks. This disruption led to fluctuations in lycopene production and availability, affecting both suppliers and consumers. Shifts in consumer behavior during the pandemic, such as increased health consciousness and focus on immunity-boosting products, influenced the demand for lycopene-rich foods and supplements. However, challenges in production and distribution, coupled with economic uncertainties, also posed challenges for market growth.
The Synthetic Lycopene segment is expected to be the largest during the forecast period
Synthetic Lycopene segment is expected to be the largest during the forecast period. Synthetic lycopene, produced through advanced biotechnological processes, provides a more reliable and consistent supply compared to natural sources like tomatoes or watermelons, which can be affected by seasonal variations and environmental factors. Moreover, synthetic lycopene ensures higher purity levels, free from contaminants often present in natural extracts. The scalability of synthetic production facilitates cost-effectiveness and promotes market accessibility, meeting the growing demand for lycopene-based products worldwide.
The Food Coloring Agent segment is expected to have the highest CAGR during the forecast period
Food Coloring Agent segment is expected to have the highest CAGR during the forecast period. Incorporating lycopene into food products not only adds nutritional value but also attracts consumers seeking healthier options. Food coloring agents derived from lycopene provide a safe and natural alternative to synthetic dyes, meeting the growing demand for clean-label products. Moreover, lycopene's vibrant red color enhances the visual appeal of foods, making them more attractive to consumers.
Region with largest share:
As disposable incomes rise, consumers are increasingly prioritizing health-conscious choices, including dietary supplements and functional foods rich in antioxidants like Lycopene, Asia Pacific region is poised to hold the largest market share over the extrapolated period. This growth in demand is further fueled by a burgeoning middle class with a heightened focus on preventive healthcare and wellness. Moreover, the regional expansion of urban populations and changing lifestyles have contributed to a surge in the consumption of processed foods and beverages, which often contain Lycopene as a natural additive or coloring agent.
Region with highest CAGR:
Asia Pacific region is estimated to witness lucrative growth over the projection period. Regulatory bodies are increasingly recognizing the health benefits of lycopene, a powerful antioxidant found in tomatoes and other fruits, in preventing chronic diseases such as cancer and cardiovascular diseases across the region. This recognition has led to the implementation of policies that encourage the inclusion of lycopene in various food and beverage products, as well as dietary supplements in this region. Additionally, regulations aimed at promoting sustainable agricultural practices and ensuring the safety and efficacy of lycopene-based products are boosting consumer confidence and driving regional growth.
Key players in the market
Some of the key players in Lycopene market include Allied Biotech Corporation, Aromatagroup SRL, Archer Daniels Midland Company, BASF SE, Divis Laboratories ltd, Doehler Group SE, Givaudan International SA, Koninklijke DSM N.V, Kalsec INC, Vidya Herbs Pvt. Ltd, Wellgreen Technology Co., Ltd, Guangzhou Leader Bio-Technology Co., Ltd and Shaanxi Huatai Bio-Fine Chemical Co., Ltd.
Key Developments:
In December 2022, Anglo French Drugs & Industries Limited, which is a 99-year-old pharmaceutical company, entered the fertility market with the launch of LYBER Range, which includes LYBER-M, LYBER-PCO, and LYBER+. LYBER-M is an antioxidant combination including Co-Enzyme Q10, Astaxanthin, Lycopene, L-Carnitine, and Zinc that improves testosterone levels, sperm count, concentration, and motility, and helps to reduce sperm DNA damage.
In January 2022, Lycored, a lycopene and carotenoids ingredient provider, launched a processing plant in Branchburg, NJ for its carotenoids, vitamins, minerals, amino acids, and genuine food components. This new factory allows the firm to maximize quality, potency, and shelf-stability of its chemicals while expanding output capacity dramatically. It has superior milling, mixing, drying, and coating capabilities, as well as several customizable options.
Products Covered:
• Synthetic Lycopene
• Organic Lycopene
Formulations Covered:
• Emulsion
• Oil Suspension
• Powder
• Beadlets
Applications Covered:
• Cosmetics
• Pharmaceutical
• Food Coloring Agent
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Lycopene Market, By Product
5.1 Introduction
5.2 Synthetic Lycopene
5.3 Organic Lycopene
6 Global Lycopene Market, By Formulation
6.1 Introduction
6.2 Emulsion
6.3 Oil Suspension
6.4 Powder
6.5 Beadlets
7 Global Lycopene Market, By Application
7.1 Introduction
7.2 Cosmetics
7.2.1 Creams
7.2.2 Lotion
7.3 Pharmaceutical
7.3.1 Tablets
7.3.2 Capsules
7.4 Food Coloring Agent
7.5 Other Applications
8 Global Lycopene Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Allied Biotech Corporation
10.2 Aromatagroup SRL
10.3 Archer Daniels Midland Company
10.4 BASF SE
10.5 Divis Laboratories ltd
10.6 Doehler Group SE
10.7 Givaudan International SA
10.8 Koninklijke DSM N.V
10.9 Kalsec INC
10.10 Vidya Herbs Pvt. Ltd
10.11 Wellgreen Technology Co., Ltd
10.12 Guangzhou Leader Bio-Technology Co., Ltd
10.13 Shaanxi Huatai Bio-Fine Chemical Co., Ltd
List of Tables
1 Global Lycopene Market Outlook, By Region (2022-2030) ($MN)
2 Global Lycopene Market Outlook, By Product (2022-2030) ($MN)
3 Global Lycopene Market Outlook, By Synthetic Lycopene (2022-2030) ($MN)
4 Global Lycopene Market Outlook, By Organic Lycopene (2022-2030) ($MN)
5 Global Lycopene Market Outlook, By Formulation (2022-2030) ($MN)
6 Global Lycopene Market Outlook, By Emulsion (2022-2030) ($MN)
7 Global Lycopene Market Outlook, By Oil Suspension (2022-2030) ($MN)
8 Global Lycopene Market Outlook, By Powder (2022-2030) ($MN)
9 Global Lycopene Market Outlook, By Beadlets (2022-2030) ($MN)
10 Global Lycopene Market Outlook, By Application (2022-2030) ($MN)
11 Global Lycopene Market Outlook, By Cosmetics (2022-2030) ($MN)
12 Global Lycopene Market Outlook, By Creams (2022-2030) ($MN)
13 Global Lycopene Market Outlook, By Lotion (2022-2030) ($MN)
14 Global Lycopene Market Outlook, By Pharmaceutical (2022-2030) ($MN)
15 Global Lycopene Market Outlook, By Tablets (2022-2030) ($MN)
16 Global Lycopene Market Outlook, By Capsules (2022-2030) ($MN)
17 Global Lycopene Market Outlook, By Food Coloring Agent (2022-2030) ($MN)
18 Global Lycopene Market Outlook, By Other Applications (2022-2030) ($MN)
19 North America Lycopene Market Outlook, By Country (2022-2030) ($MN)
20 North America Lycopene Market Outlook, By Product (2022-2030) ($MN)
21 North America Lycopene Market Outlook, By Synthetic Lycopene (2022-2030) ($MN)
22 North America Lycopene Market Outlook, By Organic Lycopene (2022-2030) ($MN)
23 North America Lycopene Market Outlook, By Formulation (2022-2030) ($MN)
24 North America Lycopene Market Outlook, By Emulsion (2022-2030) ($MN)
25 North America Lycopene Market Outlook, By Oil Suspension (2022-2030) ($MN)
26 North America Lycopene Market Outlook, By Powder (2022-2030) ($MN)
27 North America Lycopene Market Outlook, By Beadlets (2022-2030) ($MN)
28 North America Lycopene Market Outlook, By Application (2022-2030) ($MN)
29 North America Lycopene Market Outlook, By Cosmetics (2022-2030) ($MN)
30 North America Lycopene Market Outlook, By Creams (2022-2030) ($MN)
31 North America Lycopene Market Outlook, By Lotion (2022-2030) ($MN)
32 North America Lycopene Market Outlook, By Pharmaceutical (2022-2030) ($MN)
33 North America Lycopene Market Outlook, By Tablets (2022-2030) ($MN)
34 North America Lycopene Market Outlook, By Capsules (2022-2030) ($MN)
35 North America Lycopene Market Outlook, By Food Coloring Agent (2022-2030) ($MN)
36 North America Lycopene Market Outlook, By Other Applications (2022-2030) ($MN)
37 Europe Lycopene Market Outlook, By Country (2022-2030) ($MN)
38 Europe Lycopene Market Outlook, By Product (2022-2030) ($MN)
39 Europe Lycopene Market Outlook, By Synthetic Lycopene (2022-2030) ($MN)
40 Europe Lycopene Market Outlook, By Organic Lycopene (2022-2030) ($MN)
41 Europe Lycopene Market Outlook, By Formulation (2022-2030) ($MN)
42 Europe Lycopene Market Outlook, By Emulsion (2022-2030) ($MN)
43 Europe Lycopene Market Outlook, By Oil Suspension (2022-2030) ($MN)
44 Europe Lycopene Market Outlook, By Powder (2022-2030) ($MN)
45 Europe Lycopene Market Outlook, By Beadlets (2022-2030) ($MN)
46 Europe Lycopene Market Outlook, By Application (2022-2030) ($MN)
47 Europe Lycopene Market Outlook, By Cosmetics (2022-2030) ($MN)
48 Europe Lycopene Market Outlook, By Creams (2022-2030) ($MN)
49 Europe Lycopene Market Outlook, By Lotion (2022-2030) ($MN)
50 Europe Lycopene Market Outlook, By Pharmaceutical (2022-2030) ($MN)
51 Europe Lycopene Market Outlook, By Tablets (2022-2030) ($MN)
52 Europe Lycopene Market Outlook, By Capsules (2022-2030) ($MN)
53 Europe Lycopene Market Outlook, By Food Coloring Agent (2022-2030) ($MN)
54 Europe Lycopene Market Outlook, By Other Applications (2022-2030) ($MN)
55 Asia Pacific Lycopene Market Outlook, By Country (2022-2030) ($MN)
56 Asia Pacific Lycopene Market Outlook, By Product (2022-2030) ($MN)
57 Asia Pacific Lycopene Market Outlook, By Synthetic Lycopene (2022-2030) ($MN)
58 Asia Pacific Lycopene Market Outlook, By Organic Lycopene (2022-2030) ($MN)
59 Asia Pacific Lycopene Market Outlook, By Formulation (2022-2030) ($MN)
60 Asia Pacific Lycopene Market Outlook, By Emulsion (2022-2030) ($MN)
61 Asia Pacific Lycopene Market Outlook, By Oil Suspension (2022-2030) ($MN)
62 Asia Pacific Lycopene Market Outlook, By Powder (2022-2030) ($MN)
63 Asia Pacific Lycopene Market Outlook, By Beadlets (2022-2030) ($MN)
64 Asia Pacific Lycopene Market Outlook, By Application (2022-2030) ($MN)
65 Asia Pacific Lycopene Market Outlook, By Cosmetics (2022-2030) ($MN)
66 Asia Pacific Lycopene Market Outlook, By Creams (2022-2030) ($MN)
67 Asia Pacific Lycopene Market Outlook, By Lotion (2022-2030) ($MN)
68 Asia Pacific Lycopene Market Outlook, By Pharmaceutical (2022-2030) ($MN)
69 Asia Pacific Lycopene Market Outlook, By Tablets (2022-2030) ($MN)
70 Asia Pacific Lycopene Market Outlook, By Capsules (2022-2030) ($MN)
71 Asia Pacific Lycopene Market Outlook, By Food Coloring Agent (2022-2030) ($MN)
72 Asia Pacific Lycopene Market Outlook, By Other Applications (2022-2030) ($MN)
73 South America Lycopene Market Outlook, By Country (2022-2030) ($MN)
74 South America Lycopene Market Outlook, By Product (2022-2030) ($MN)
75 South America Lycopene Market Outlook, By Synthetic Lycopene (2022-2030) ($MN)
76 South America Lycopene Market Outlook, By Organic Lycopene (2022-2030) ($MN)
77 South America Lycopene Market Outlook, By Formulation (2022-2030) ($MN)
78 South America Lycopene Market Outlook, By Emulsion (2022-2030) ($MN)
79 South America Lycopene Market Outlook, By Oil Suspension (2022-2030) ($MN)
80 South America Lycopene Market Outlook, By Powder (2022-2030) ($MN)
81 South America Lycopene Market Outlook, By Beadlets (2022-2030) ($MN)
82 South America Lycopene Market Outlook, By Application (2022-2030) ($MN)
83 South America Lycopene Market Outlook, By Cosmetics (2022-2030) ($MN)
84 South America Lycopene Market Outlook, By Creams (2022-2030) ($MN)
85 South America Lycopene Market Outlook, By Lotion (2022-2030) ($MN)
86 South America Lycopene Market Outlook, By Pharmaceutical (2022-2030) ($MN)
87 South America Lycopene Market Outlook, By Tablets (2022-2030) ($MN)
88 South America Lycopene Market Outlook, By Capsules (2022-2030) ($MN)
89 South America Lycopene Market Outlook, By Food Coloring Agent (2022-2030) ($MN)
90 South America Lycopene Market Outlook, By Other Applications (2022-2030) ($MN)
91 Middle East & Africa Lycopene Market Outlook, By Country (2022-2030) ($MN)
92 Middle East & Africa Lycopene Market Outlook, By Product (2022-2030) ($MN)
93 Middle East & Africa Lycopene Market Outlook, By Synthetic Lycopene (2022-2030) ($MN)
94 Middle East & Africa Lycopene Market Outlook, By Organic Lycopene (2022-2030) ($MN)
95 Middle East & Africa Lycopene Market Outlook, By Formulation (2022-2030) ($MN)
96 Middle East & Africa Lycopene Market Outlook, By Emulsion (2022-2030) ($MN)
97 Middle East & Africa Lycopene Market Outlook, By Oil Suspension (2022-2030) ($MN)
98 Middle East & Africa Lycopene Market Outlook, By Powder (2022-2030) ($MN)
99 Middle East & Africa Lycopene Market Outlook, By Beadlets (2022-2030) ($MN)
100 Middle East & Africa Lycopene Market Outlook, By Application (2022-2030) ($MN)
101 Middle East & Africa Lycopene Market Outlook, By Cosmetics (2022-2030) ($MN)
102 Middle East & Africa Lycopene Market Outlook, By Creams (2022-2030) ($MN)
103 Middle East & Africa Lycopene Market Outlook, By Lotion (2022-2030) ($MN)
104 Middle East & Africa Lycopene Market Outlook, By Pharmaceutical (2022-2030) ($MN)
105 Middle East & Africa Lycopene Market Outlook, By Tablets (2022-2030) ($MN)
106 Middle East & Africa Lycopene Market Outlook, By Capsules (2022-2030) ($MN)
107 Middle East & Africa Lycopene Market Outlook, By Food Coloring Agent (2022-2030) ($MN)
108 Middle East & Africa Lycopene Market Outlook, By Other Applications (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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