The global lycopene market size was USD 117.3 Million in 2022 and is expected to register a steady revenue CAGR of 5.9% during the forecast period, according to latest analysis by Emergen Research. Rapid demand for lycopene from the nutraceutical sector owing to various health benefits and growing preference of consumers for clean green label products are key factors driving market revenue growth. Lycopene is a powerful antioxidant that helps to protect body from damage caused by free radicals. In addition, lycopene protects against development of certain types of cancer, heart disease, macular degeneration, and other age-related diseases. Lycopene has also been shown to reduce inflammation and improve cholesterol levels, which can help to reduce risk of stroke and other Cardiovascular Diseases (CVD).

The Global Lycopene Market research report added by Emergen Research is an extensive study of the industry and includes a study of several factors that impact the growth of the market. The report is formulated by taking into consideration the government policies, market landscape, technologies, market risks, opportunities, and challenges faced by the market. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation.

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 Key Players operating in the industry are:

BASF SE, Lycored, Allied Biotech Corporation, AromataGroup, DSM, Wellgreen Technology Co., Ltd., DöhlerGroup, Farbest Brands, Kalsec Inc., and Divi's Laboratories Limited

Radical Features of the Lycopene Market Report:

• The report encompasses Lycopene market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
• An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
• Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
• Supply chain analysis along with technological advancements offered in the report
• The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Lycopene industry

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Segmentation:

• Source Outlook (Revenue, USD Million; 2019-2032)

  • Organic
  • Synthetic

• Form Outlook (Revenue, USD Million; 2019-2032)

  • Oil suspension
  • Emulsion
  • Powder
  • Others

• Application Outlook (Revenue, USD Million; 2019-2032)

  • Food & Beverages (F&B)
  • Pharmaceuticals and nutraceuticals
  • Personal care products

Regional Analysis Covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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