Lycopene - Global Strategic Business Report

The global market for Lycopene was estimated at US$160.7 Million in 2024 and is projected to reach US$221.3 Million by 2030, growing at a CAGR of 5.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Lycopene market.

Global Lycopene Market - Key Trends and Drivers Summarized

What Makes Lycopene a Key Ingredient in Health and Wellness Products?

Lycopene, a powerful antioxidant found in tomatoes and other red fruits, has garnered significant attention in the health and wellness industry for its potential to prevent chronic diseases and promote overall health. As a carotenoid, lycopene is known for its ability to neutralize free radicals, which are linked to conditions such as heart disease, cancer, and age-related vision loss. Lycopene supplements and fortified foods are widely used to support cardiovascular health, boost immune function, and reduce oxidative stress. The growing consumer interest in functional foods and nutraceuticals is driving the demand for lycopene as a natural ingredient with scientifically backed health benefits.

What Innovations Are Shaping the Lycopene Market?

Innovations in extraction and formulation techniques are playing a significant role in the lycopene market. Manufacturers are developing more efficient extraction methods, such as supercritical CO2 extraction, to produce high-purity lycopene without the use of harmful solvents. Additionally, new delivery systems, including nano-encapsulation and liposomal formulations, are improving the bioavailability of lycopene, making it more effective in dietary supplements and functional foods. The rise of organic and non-GMO lycopene is also gaining traction as consumers increasingly seek natural and clean-label products. These innovations are expanding the range of applications for lycopene, from dietary supplements to skincare and cosmetic products.

How Do Market Segments Define the Growth of Lycopene?

Sources of lycopene include synthetic, natural (from tomatoes), and organic, with natural lycopene leading the market due to its clean-label appeal and consumer preference for plant-based ingredients. Forms of lycopene include powder, liquid, and beadlets, with powder being the most commonly used in dietary supplements and food fortification. Applications range from functional foods and beverages to dietary supplements and cosmetics, with the dietary supplements segment driving significant demand due to the growing focus on preventive health. End-use industries include food and beverages, nutraceuticals, pharmaceuticals, and cosmetics, with the nutraceutical sector leading the market.

What Factors Are Driving the Growth in the Lycopene Market?

The growth in the lycopene market is driven by several factors, including the increasing demand for functional foods, rising consumer awareness of the health benefits of antioxidants, and the growing trend toward preventive healthcare. As consumers seek natural ingredients that support heart health, immune function, and overall well-being, lycopene has become a popular choice in the nutraceutical and dietary supplement industries. Additionally, the rise of plant-based diets and the demand for clean-label products are supporting the growth of natural lycopene derived from tomatoes. The expanding application of lycopene in cosmetics, where it is valued for its anti-aging and skin-protective properties, is further contributing to market growth.

SCOPE OF STUDY:

The report analyzes the Lycopene market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Source (Synthetic, Natural); Form (Beadlets, Oil Suspension, Powder, Emulsion); Application (Food & Beverage, Dietary Supplements, Personal Care Products, Pharmaceuticals)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Synthetic segment, which is expected to reach US$146.0 Million by 2030 with a CAGR of a 5.4%. The Natural segment is also set to grow at 5.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $41.8 Million in 2024, and China, forecasted to grow at an impressive 8.5% CAGR to reach $50.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Lycopene Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Lycopene Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Lycopene Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Basf SE, Bayer AG, General Nutrition Centers, Inc., Hoffmann-La Roche Ltd, Jameson (Irish Distillers Limited) and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 43 companies featured in this Lycopene market report include:

• Basf SE
• Bayer AG
• General Nutrition Centers, Inc.
• Hoffmann-La Roche Ltd
• Jameson (Irish Distillers Limited)
• Kagome Co., Ltd.
• Koninklijke DSM N.V.
• LycoRed Ltd.
• NBTY
• Shaanxi Huike Botanical Development Co., Ltd.
• The Nature's Bounty Co.
• Wellgreen Technology

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.