Lycopene Market Size, Share & Trends Analysis Report By Form (Powder, Others), By Nature (Synthetic, Natural), By Application (Dietary Supplements, Personal Care), By Region, And Segment Forecasts, 2024 - 2030

Lycopene Market Size, Share & Trends Analysis Report By Form (Powder, Others), By Nature (Synthetic, Natural), By Application (Dietary Supplements, Personal Care), By Region, And Segment Forecasts, 2024 - 2030

Lycopene Market Size & Trends

“2030 Lycopene Market value to reach USD 227.72 billion”

The global lycopene market size was valued at USD 161.0 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030. Lycopene is a powerful carotenoid commonly derived from tomatoes, renowned for its numerous medicinal properties that have surged its demand in the nutraceutical market. With its rich antioxidants, lycopene effectively combats free radicals, known for causing cell damage.

Additionally, lycopene is linked to reducing heart-related diseases, lowering the risk of diabetes, and preventing various cancers such as lung, bone, and prostate cancers. Notably, it also contributes to maintaining cardiovascular health. While fruits and vegetables are primary sources of lycopene, the rise in fast food consumption has led to increased uptake of lycopene through nutraceutical supplements.

With the expanding global population and the increasing consumption of meat products, the demand for animal feed is projected to rise significantly. The Food and Agriculture Organization (FAO) highlights the beneficial impact of supplementing livestock and poultry feed with natural fruit and plant materials and extracts containing bioactive components. These additives have demonstrated the ability to enhance feed efficiency, antioxidant status, nutrient digestion, animal health, and growth performance.

A primary focus within the livestock industry is the prevalence of epidemiological diseases, particularly those affecting the immune systems and digestion. Lycopene has been proven to enhance antioxidant capacity, immune function, and lipid metabolism regulation in chickens. Furthermore, the addition of lycopene to the diet has been associated with a reduction in the cholesterol content of broiler meat. Given the antioxidant advantages of lycopene, a surge in demand for this compound is anticipated in the animal feed market.

Global Lycopene Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global lycopene market report based on form, nature, application, and region.

• Form Outlook (Volume, Kilotons, Revenue, USD Billion, 2018 - 2030)
• Powder
• Others
• Nature Outlook (Volume, Kilotons, Revenue, USD Billion, 2018 - 2030)
• Synthetic
• Natural
• Application Outlook (Volume, Kilotons, Revenue, USD Billion, 2018 - 2030)
• Dietary supplements
• Food & Beverages
• Personal Care
• Pharmaceuticals 
• Regional Outlook (Volume, Kilotons, Revenue, USD Billion, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East and Africa
• Saudi Arabia
• South Africa

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