The global lycopene market currently accounts for a valuation of US$ 141.9 million and is expected to reach US$ 232.3 million by the end of 2032. Global demand for lycopene is predicted to increase at a CAGR of 5% from 2022 to 2032.
Growing demand for organic lycopene products with anti-cancer capabilities that guard against degenerative diseases is a major factor expected to drive the market growth over the coming years.
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Key Segments Covered in Lycopene Industry Research
Lycopene Market by Nature :
- Natural Lycopene
- Organic Lycopene
Lycopene Market by Form :
- Powder Lycopene
- Lycopene Capsules
- Lycopene Syrup
Lycopene Market by Packaging :
- Tetra Packaging
Lycopene Market by End Use :
Lycopene Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
What is the Competitive Landscape of the Lycopene Market?
Lycopene manufacturers can create and provide novel solutions to a variety of industries at a reasonable price due to the development of technology and the availability of abundant raw materials.
Key growth drivers in the lycopene market are technological advancements that facilitate better production, an expanded product line, high quality and packaging, integrated and coordinated maintenance, and revenue analysis.
For instance :
- The ordinary coloring business from DuPont’s Nutrition and Biosciences division was acquired by D.D.W. (U.S.) The Color House to expand its global reach and introduce assembling and specialized qualities in new standard colors.