Lycopene Market Growth: Expected to Reach USD 216.45 Mn by 2030, Growing at a 5.3% CAGR

Lycopene Market Report Scope and Research Methodology

The portfolio, technological adoption, financial position, merger and acquisition, joint ventures, and strategic alliances all have a role in the competitive climate of the Lycopene  Market. The study is an in-depth examination of the Lycopene market, containing significant data such as pricing, investments, expansion plans, and physical presence in the market. The report’s Lycopene market size assessment and growth rates were analyzed using a bottom-up technique. The paper describes the Lycopene market’s drivers, restrictions, opportunities, and problems.

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All of the data is collected in raw format and then thoroughly filtered so that only the necessary information is maintained. Before being used further, the remaining data is extensively validated and its authenticity (as a source) is determined. We have also acquired and incorporated information from previous market research surveys. All earlier reports are stored in our big internal data warehouse. Furthermore, the pros collect reliable data from premium databases.

Lycopene Market Regional Insights

Regional analysis is used to evaluate the Lycopene market in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The study analyzes several parameters, including market size, growth rate, and import-export activity, across several regions. The Lycopene market is roughly divided into several regions, which allows for a thorough grasp of the market landscape and dynamics in each location.

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Lycopene Market Segmentation

Based on Type, Powder forms of lycopene dominate the market with a 38 % market share in 2023 as it finds widespread utilization in the food and beverage industry, serving as a natural coloring agent and enhancing the nutritional profile of various products.

by Form

Powder
Liquid
Capsules/Tablets
Paste

Based on source, Tomato dominated the market as a source of lycopene with a 42% market share in 2023 and is expected to continue its dominance during the forecast period as a primary source, finding extensive use in various sectors such as food, beverages, and supplements, owing to their rich lycopene content.

by Source

Tomatoes
Watermelon
Pink Grapefruit
Guava
Others

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Lycopene Market Key Players

1. Allied Biotech Corporation
2. BGG (Beijing Gingko Group)
3. Dangshan Sinojuice Food Co Ltd
4. Divi’s Laboratories Limited
5. DSM Nutritional Products
6. Farbest Brands
7. Hebei Granray Bioproducts Co., Ltd.
8. Lycored Ltd.
9. Piveg, Inc.
10. San-Ei Gen F.F.I., Inc.

Key questions answered in the Lycopene Market are:

  • What is Lycopene ?
  • What was the Lycopene market size in 2023?
  • What is the growth rate of the Lycopene Market?
  • Which are the factors expected to drive the Lycopene market growth?

Key Offerings:

  • Past Market Size and Competitive Landscape
  • Past Pricing and price curve by region
  • Market Size, Share, Size & Forecast by Different Segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Professionals from several sectors work at Maximize Market Research, a multidimensional market research and consulting company. We cover a wide range of industries, including those that produce pharmaceuticals, scientific and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, general merchandise, beverages, personal care, and chemical products and substances. We offer a variety of services, including competitive analysis, production and demand analysis, client impact studies, technical trend analysis, critical market research, market-verified industry estimations, and strategic advise.

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