Lycopene Market Size, Share, and Growth Analysis, By Type (Synthetic Lycopene, Natural/Conventional Lycopene), By Form (Powder, Capsule), By Grade, By Application, By End Use, By Region - Industry Forecast 2025-2032
Lycopene Market size was valued at USD 128.2 million in 2023 and is poised to grow from USD 136.4 million in 2024 to USD 224.06 million by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).
The global lycopene market is witnessing consistent growth, fueled by rising consumer awareness of its health benefits, particularly its role as a natural antioxidant in promoting heart health and mitigating chronic disease risks. Predominantly sourced from tomatoes and various fruits, lycopene is increasingly utilized in the food and beverage industry, featuring in products like sauces, drinks, and nutritional supplements aimed at health-conscious consumers. Additionally, the cosmetic and skincare sectors are tapping into lycopene's potential skin-enhancing properties. Ongoing research and innovative extraction methods are set to broaden its applications. The growing trend towards clean labels and natural ingredients further solidifies lycopene's market position, appealing to consumers prioritizing wellness in their purchasing decisions.
Top-down and bottom-up approaches were used to estimate and validate the size of the Lycopene market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Lycopene Market Segments Analysis
Global Lycopene Market is segmented by Type, Form, Grade, Application, End Use and region. Based on Type, the market is segmented into Synthetic Lycopene, Natural/Conventional Lycopene and Organic Lycopene. Based on Form, the market is segmented into Powder, Capsule and Liquid/Syrup. Based on Grade, the market is segmented into Pharmaceutical Grade and Food Grade. Based on Application, the market is segmented into Pharmaceutical, Cosmetics and Food Colouring Agent. Based on End Use, the market is segmented into Food and Beverages, Cosmetic and Personal Care, Dietary Supplements, Functional Foods, Animal Nutrition and Pharmaceutical Industry. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Lycopene Market
The lycopene market is significantly driven by the growing global shift toward healthier lifestyles and the heightened consumer focus on natural and functional ingredients. As people increasingly aim to take charge of their health, they are leaning toward products that are believed to offer health benefits. Lycopene, known for its antioxidant properties and potential advantages for cardiovascular and overall well-being, resonates with these consumer trends. This demand is particularly evident in the food, beverage, and supplement sectors, where consumers are seeking cleaner label alternatives and emphasizing the incorporation of natural compounds into their everyday health regimens.
Restraints in the Lycopene Market
A significant limitation in the lycopene market stems from the intricate regulatory landscape and the rigorous labeling requirements that vary across regions and countries. These differing regulations concerning the use of lycopene in food and dietary supplements pose challenges for manufacturers seeking to broaden their global product range. Adhering to these regulations requires comprehensive product testing and precise documentation, which can elevate production costs and extend the time required to bring lycopene-based products to market. This issue particularly impacts smaller companies, which may lack the necessary resources to effectively navigate these regulatory complexities, thus hindering overall market growth.
Market Trends of the Lycopene Market
The global lycopene market is experiencing a significant upward trend, fueled by a burgeoning consumer interest in natural and functional ingredients across various sectors, including food, cosmetics, and dietary supplements. As a potent antioxidant predominantly sourced from tomatoes and other red fruits, lycopene is increasingly recognized for its health benefits, such as promoting heart health and potentially lowering disease risk. With a demographic shift towards health-consciousness and a preference for clean-label products, manufacturers are innovating to incorporate lycopene into diverse formulations, thereby propelling market expansion and enhancing product offerings to meet evolving consumer demands.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Lycopene Market Size by Type & CAGR (2025-2032)
Market Overview
Synthetic Lycopene
Natural/Conventional Lycopene
Organic Lycopene
Global Lycopene Market Size by Form & CAGR (2025-2032)
Market Overview
Powder
Capsule
Liquid/Syrup
Global Lycopene Market Size by Grade & CAGR (2025-2032)
Market Overview
Pharmaceutical Grade
Food Grade
Global Lycopene Market Size by Application & CAGR (2025-2032)
Market Overview
Pharmaceutical
Tablets
capsules
Cosmetics
Creams
Lotion
Food Colouring Agent
ready-to-eat meat products
beverages
nutritional bars
dietary supplements
dairy products
Global Lycopene Market Size by End Use & CAGR (2025-2032)
Market Overview
Food and Beverages
Cosmetic and Personal Care
Dietary Supplements
Functional Foods
Animal Nutrition
Pharmaceutical Industry
Global Lycopene Market Size & CAGR (2025-2032)
North America (Type, Form, Grade, Application, End Use)
US
Canada
Europe (Type, Form, Grade, Application, End Use)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Type, Form, Grade, Application, End Use)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Type, Form, Grade, Application, End Use)
Brazil
Rest of Latin America
Middle East & Africa (Type, Form, Grade, Application, End Use)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
DSM (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Lycored (Israel)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Allied Biotech Corporation (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Wellgreen Technology Co Ltd (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Divi's Laboratories (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
San-Ei Gen F.F.I., Inc (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dangshang Sannuo Limited (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
DDW (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dohler (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Farbest Brands (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zhejiang NHU CO. Ltd (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Shaanxi Kingsci Biotechnology Co Ltd (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Vidya Herbs (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Xi'an Natural Field Bio-Technology Co.,Ltd (China)