Global Lycopene Market estimated to cross USD 160 million by the end of 2025

1. Demand from end-use industries promotes growth in the Global Lycopene Market Market overview: The global Lycopene Market was assessed to be USD 126 million in 2019, and it is determined to value about USD 161 million by 2025 at a CAGR of 5.0% during the anticipated period. Lycopene is a carotenoid and phytonutrient substance, discovered principally in tomato species known as Solum Lycopersicon, present in Central and South America. Lycopene is principally present in red products of the soil, including tomatoes, watermelons, papayas, guavas, sweet peppers, mangoes, carrots, red cabbage, and pink grapefruit. Lycopene is found in high sums in tomato and tomato-based items contrasted with different products of the soil. It is a fundamental compound liable for the red shade of these nourishments. Lycopene is an essential antioxidant for the human body that is essential to protect against degenerative diseases. Recent developments: •January 2018 E.I.D. Parry has partnered with Synthite Industries Ltd to synergize the company's marketing strength in human nutrition. •DDW completed the purchase of the natural color business in June 2019 from DuPont's Nutrition and Biosciences department to expand its global color gamut and add technical and manufacturing properties with new natural colors. Market Drivers and Restrains: Lycopene is increasing in a variety of industries, including dietary supplements, food, personal care, and cosmetics and pharmaceuticals. Most of the market share in the global lycopene market has been explained by the properties of its healthy ingredients. Coloring properties have a relatively small share of the global lycopene market. This is the result of the limited application of lycopene as a colorant in the food industry. Another driving force in the lycopene market is the increasing demand for natural colorants in ready-to-eat meat products, along with the expansion of lycopene end-use applications in the food and beverage, cosmetic and pharmaceutical industries. Furthermore, the application of lycopene as a health ingredient is expanding, and is expected to promote the growth of lycopene in the global market. Technological development and adoption of lycopene in emerging economies serve as market growth opportunities. The increased harmful effects of lycopene use and strict government regulations hinder market growth. The main limitations of the lycopene market are higher research and development costs and strict government regulatory and approval procedures. To know more read: https://www.marketdataforecast.com/market-reports/lycopene-market Report is segmented as:

2. The global lycopene market is divided by type, application and geography. The lycopene market is mainly classified into types of synthetic lycopene and organic lycopene. The lycopene market is classified according to the type of application lycopene is used for in applications such as cosmetics in creams and lotions, pharmaceuticals in tablets and capsules, dietary supplements, and dairy products. Geographical Segmentation: Geographically, the global lycopene industry can be divided into major regions, including North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Of all the regions, Europe holds the substantial share in the global lycopene market, trailed by North America. As the use of lycopene in the meat industry increases and the demand for natural dyes rises, the growth of the global lycopene market is supposed to increase significantly, contributing to the market boom over the outlook period. Key market players: Key players identified in the global lycopene market value chain include Hoffmann-La Roche Ltd, Bayer AG, DSM, BASF, Lycored, General Nutrition Center, Jamieson, Kagome and NBTY. View sample and decide: https://www.marketdataforecast.com/market-reports/lycopene-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions. About Us:

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