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Global lycopene market is likely to register higher-digit CAGR over forecast period
The global market of lycopene is likely to increase in the upcoming forecast period because of its three primary end-use industries including food, pharmaceutical and cosmetic industry. According to Fact.MR, its market is likely to grow at an average higher-digit CAGR (compound annual growth rate) in the forecast period. APEJ dominated the global market for lycopene in 2017 followed by North America. Europe and MEA region are expected to witness a sizable rise in the overall sales of lycopene. Countries including China, Japan and Germany are expected to witness a significant market share of lycopene due to manufacturing companies and research facilities for lycopene are concentrated in these countries.
Global lycopene market segmentation
The lycopene market can be segmented into its nature, end use industry, form, and by packaging type. By nature, global lycopene market can be categorized into naturaland organic. The global lycopene market can be segmented in a different end use industries such as food, pharmaceutical, cosmetic, and others. Form of the lycopene can be segmented into powder, capsule, and syrup. In packaging type segment global lycopene market is segmented into bottle, bulk, and tetra packaging. The global lycopene market can be segmented on the basis of the geographical region such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa (MEA), and Emerging Countries.
Increasing demand for lycopene among various industry
Lycopene is a dietary source of carotenoid antioxidant and has attracted significant interest in recent years as a prominent phytochemical with a beneficial role in human health. Lycopene, which offers various end-use benefits and acts as a nourishing and moisturizing agent, is the most effective antioxidant available in the market. Further, it also helps to increase the softness of the skin apart from having excellent wound healing properties. Manufactures and researchers have a lot of opportunities to use lycopene in various products considering its end-use benefits. The pharmaceutical industry is boosting the market of lycopene. However, the use of lycopene in the cosmetic industry is likely to increase by higher bps in the forecast period. In cosmetic industry, lycopene can be used in creams, lotions, gels, hair care (shampoos, conditioners, and styling), suncare products (sun protection, after-sun & self-tanning), skincare (facial care, facial cleansing, body care, babycare), oral care, others. Lycopene anti-aging benefit is a major driving factor for increasing its demand in the cosmetic industry.
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Global lycopene key market players
The global market for lycopene comprises several developers, who are primarily converging on developing advance version on lycopene mainly for increasing its end-use in various industries. Some key market participants are DSM, BASF, Kagome, LycoRed, Kagome, Tomatia, Wellgreen Technology, Xi'an lyphar biotech corp, Chr. Hansen, Koninklijke DSM N.V., Hoffmann-La roche Ltd., General nutrition center company, Jamieson laboratories Ltd., The nature's bounty Co., Bayer AG, Shaanxi huike botanical development Co. Ltd., San-Ei Gen, Licofarma S.r.l., Dangshan sinojuice food, Royal DSM N.V., NBTY and Bayer AG, among other prominent players.
The research report presents a comprehensive assessment of the lycopene market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for lycopene. The research report provides analysis and information according to lycopene market segmented into nature, end use industry, form, and by packaging type
The lycopene report covers exhaustive analysis on:
- Lycopene Market Segments.
- Lycopene Market Dynamics
- Lycopene Market Size
- Supply & Demand of
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for lycopene Market includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea, Australia & New Zealand, Rest of APEJ)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information of qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain for lycopene. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of lycopene. The report also maps the qualitative impact of various market factors on market segments and geographies.
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