Global Lycopene Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Lycopene Market Analysis

The lycopene market has seen significant growth, driven by advancements in extraction methods and technology. One of the latest methods involves supercritical fluid extraction (SFE), a cutting-edge technique that uses CO2 at high pressure to extract lycopene from tomatoes more efficiently while preserving its potency. This method is gaining popularity due to its ability to produce higher yields and maintain the natural integrity of lycopene, which can be degraded by heat or solvents in traditional methods.

Moreover, nanoencapsulation technologies are enabling more effective delivery of lycopene in functional foods and supplements, improving its bioavailability. This technology allows for the controlled release of lycopene in the digestive system, increasing its absorption and therapeutic effects, such as antioxidant properties.

The growing awareness of lycopene’s health benefits, such as its potential in cancer prevention, heart health, and skin protection, is contributing to the expansion of the market. The demand is particularly high in regions such as North America and Europe, where consumers are increasingly looking for plant-based and functional ingredients in their diets. This trend is expected to propel the lycopene market's growth in the coming years.

Lycopene Market Size

The global lycopene market size was valued at USD 138.65 million in 2024 and is projected to reach USD 203.29 million by 2032, with a CAGR of 4.90% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Lycopene Market Trends

“Rise in Focus on Quality Seedbeds”

The increasing need for effective soil residue management is a primary driver in modern agriculture, and agricultural rollers play a crucial role in this process. These tools incorporate crop residues into the soil, enhancing both its physical and biochemical properties, and promoting sustainable farming practices. For instance, by breaking down large soil clods and compacting the soil surface, agricultural rollers improve soil structure, creating a smoother seedbed that enhances seed-to-soil contact, which is essential for germination and early plant growth.

Report Scope and Lycopene Market Segmentation   

Lycopene Market Definition

Lycopene is a natural carotenoid pigment that gives fruits such as tomatoes, watermelon, and pink grapefruits their red or pink color. It is a powerful antioxidant, known for its potential health benefits, particularly in reducing the risk of chronic diseases such as heart disease and certain types of cancer. Lycopene has been linked to improving heart health by lowering blood pressure and cholesterol levels. It also offers anti-inflammatory properties and supports eye health. As a fat-soluble compound, lycopene’s absorption is enhanced when consumed with healthy fats such as olive oil. It is commonly available in supplements or through dietary sources.

Lycopene Market Dynamics

Drivers

• Growing Prevalence of Cardiovascular Diseases

The rising prevalence of cardiovascular diseases (CVD) has significantly contributed to the growth of the lycopene market. Lycopene is known for its heart-protective properties, including its ability to lower LDL cholesterol, reduce oxidative stress, and improve blood vessel function, all of which help reduce the risk of CVD. As more people seek natural solutions to improve heart health, lycopene foods are rich in tomato-based products, juices, and supplements are becoming increasingly popular. For instance, major food brands such as Campbell’s and Heinz have incorporated lycopene-rich tomato ingredients in their products to appeal to health-conscious consumers. This growing demand for heart-healthy foods directly boosts the lycopene market.

• Cosmetic and Skin Care Industry Growth

Lycopene's growing inclusion in the cosmetic and skincare industry is significantly driving its market growth. Known for its powerful antioxidant and anti-aging properties, lycopene helps protect the skin from UV radiation, reduce signs of aging, and combat oxidative stress. For instance, brands such as Olay and Neutrogena have incorporated lycopene into their anti-aging skincare lines to enhance the effectiveness of their products. Lycopene also promotes collagen synthesis, improving skin elasticity and texture. As consumers increasingly seek natural ingredients in skincare solutions, lycopene's reputation as a safe, plant-based ingredient has bolstered its demand in the beauty sector, further expanding its market potential.

Opportunities

• Growing Demand for Natural Ingredients

The increasing preference for natural and plant-based products is creating significant opportunities for lycopene in various industries. As consumers seek healthier, sustainable options, lycopene’s antioxidant properties make it a sought-after ingredient in food, beverages, and personal care products. For instance, lycopene is widely used in plant-based food products such as smoothies, salad dressings, and sauces due to its natural origins and health benefits. In personal care, it is incorporated into skin creams and sunscreens for its protective qualities against UV damage and aging. This shift towards clean-label, natural ingredients aligns with consumer trends, positioning lycopene as a key component in meeting market demand for wellness-focused products.

• Increase in Dietary Supplements

The increasing popularity of dietary supplements is creating significant opportunities in the lycopene market. As more consumers turn to supplements for enhanced health and wellness, lycopene-based capsules and tablets are becoming increasingly sought after due to their antioxidant properties and benefits in heart health and cancer prevention. For instance, companies such as LycoRed, a leading supplier of lycopene, have introduced lycopene supplements that cater to a health-conscious consumer base. The global rise in preventive healthcare, combined with the growth of the supplement industry, opens doors for more lycopene product formulations in markets such as North America and Europe, further driving expansion and innovation in the market.

Restraints/Challenges

• High Cost of Extraction

The high cost of extraction is a significant restraint in the lycopene market. Extracting lycopene from tomatoes and other sources involves a complex process, including separation, purification, and concentration, all of which contribute to elevated production costs. This increases the overall price of lycopene-based products, making them less affordable for both consumers and manufacturers. As a result, the high cost of extraction restricts the market’s accessibility, particularly for lower-priced consumer goods. Furthermore, the reliance on natural sources, which yield relatively small amounts of lycopene, exacerbates these cost challenges, hindering the widespread adoption and market growth of lycopene-enriched products.    

• Competition from Other Antioxidants

The lycopene market faces significant competition from other antioxidants such as vitamin C, vitamin E, and beta-carotene, which are widely recognized for their health benefits. These antioxidants are often more accessible and have established consumer trust due to their long-standing presence in the market. As a result, consumers may prioritize these alternatives over lycopene, especially given the wider availability and lower price points of products containing these antioxidants. This competition diverts attention from lycopene-rich products and hampers their growth. The consumer preference for familiar antioxidants also limits the potential for lycopene to capture a larger share of the antioxidant supplement and functional food sectors.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Lycopene Market Scope

The market is segmented on the basis of type, form, grade, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Synthetic Lycopene
• Natural/Conventional Lycopene
• Organic Lycopene

Form

• Powder
• Capsule
• Liquid/Syrup

 Grade

• Pharmaceutical Grade
• Food Grade

 Application

• Pharmaceutical
  • Tablets
  •  capsules
• Cosmetics
  • Creams
  • Lotion
• Food Colouring Agent
  • ready-to-eat meat products
  • beverages
  • nutritional bars
  • dietary supplements
  • dairy products

 End Use

• Food and Beverages
• Cosmetic and Personal Care
• Dietary Supplements
• Functional Foods
• Animal Nutrition
• Pharmaceutical Industry

Lycopene Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, type, form, grade, application and end use as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Europe is expected to dominates the lycopene market and will continue to flourish its trend of dominance during the forecast period owing to the increasing prevalence of prostate cancer and growing awareness about the pharmaceutical benefits linked with lycopene in the treatment of prostate cancer in this region.

 Asia-Pacific is expected to grow during the forecast period due to the growing demand for sunscreen due to rising number of dermatological disorders and high utilization of lycopene in cosmetic products in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Lycopene Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Lycopene Market Leaders Operating in the Market Are:

• GNC Holdings, LLC (U.S.)
• DSM (Netherlands)
• Jamieson Laboratories (Canada)
• BASF SE (Germany)
• Wellgreen Technology Co., Ltd.(China)
• Chr. Hansen Holding A/S (Denmark)
• San-Ei Gen F.F.I., Inc.(Japan)
• Pioneer Enterprise (U.S.)
• HINDUSTAN MINT & AGRO PRODUCTS PVT. LTD. (India)
• Top Pharm Chemical Group (China)
• Plamed Green Science Group (China)
• SV Agrofood (India)
• VIDYA HERBS (India)
• SunShine Bio-Tech (China)
• Xi’an Natural Field Bio-technique Co., Ltd. (China)
• Plantnat (India)
• Allied Biotech Corporation (Taiwan)
• E.I.D. - Parry (India) Limited (India)
• Digestive Disease (DDW) (U.S.)
• Döhler GmbH (Germany)

Latest Developments in Lycopene Market

• In October 2024, OZiva launched its innovative OZiva Bioactive Gluta Fizzy, a formulation designed to address multiple skincare concerns. This product supports the repair of skin cell damage, evens out complexion, reduces pigmentation, and promotes smooth, even-toned skin. The powerful blend includes antioxidants such as glutathione, hyaluronic acid, astaxanthin, lycopene, and collagen-boosting ingredients, providing comprehensive skin health benefits
• In November 2022, Lycopene International successfully acquired LycoRed Ltd., a prominent supplier of lycopene ingredients. This acquisition enables Lycopene International to diversify its product range and enhance its market position. The deal also provides access to new markets and strengthens the company's competitive edge by expanding its offerings in the nutritional supplement and food ingredient sectors
• In September 2022, Lycored partnered with DSM Nutritional Products to develop new, lycopene-based solutions for the dietary supplement and food and beverage markets. This collaboration is aimed at advancing product innovation and exploring new opportunities in both industries. By leveraging DSM’s expertise and Lycored’s lycopene knowledge, the partnership aims to bring enhanced health benefits to consumers worldwide
• In September 2022, Lycopene International acquired LycoRed Ltd., a top supplier of lycopene ingredients, further solidifying its position in the industry. The acquisition was strategically designed to broaden Lycopene International’s product portfolio and gain access to new markets. This move strengthens the company's ability to provide high-quality lycopene-based solutions for a wide array of applications in health, wellness, and nutrition

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