Lycopene Market Report 2025 (Global Edition)

Global Lycopene Market Report 2025 Market Size Split by Source (Synthetic, Natural), by Application (Dietary supplements, Food & beverages, Personal care products, Pharmaceuticals), by Form (Beadlets,...

Lycopene Market Report Description

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Competitive Landscape of the Lycopene Market

There are several major companies operating worldwide in the fiercely competitive lycopene market. In order to improve the extraction and formulation processes and broaden their product offerings, these companies are concentrating on research and development endeavors. Market participants often use marketing and distribution channel investments, mergers and acquisitions, and strategic collaborations to bolster their market positions.

Lycopene Industry News

December 2022: With the introduction of the LYBER Range, Anglo French Drugs & Industries Limited, a reputable pharmaceutical business with a 99-year history, entered the fertility industry. The LYBER-M, LYBER-PCO, and LYBER+ products are part of this range. Zinc, L-Carnitine, Lycopene, Astaxanthin, and Co-Enzyme Q10 are all included in LYBER-M, an antioxidant combination. It is intended to address multiple areas of male fertility, including increased testosterone levels, sperm count, motility, concentration, and decreased sperm DNA damage.

(Source: https://www.businesswireindia.com/anglo-french-drugs-industries-limited-forays-into-fertility-segment-launches-lyber-range-82365.html)

January 2022: Branchburg, New Jersey-based Lycored, a supplier of lycopene and carotenoids, opened a new processing facility. The manufacture of carotenoids, vitamins, minerals, amino acids, and real food ingredients is the focus of this operation. This new plant's main goal is to greatly increase production capacity while improving the chemical products' quality, potency, and shelf-stability. The facility offers a wide range of customized choices in addition to sophisticated milling, mixing, drying, and coating capabilities.

(Source: https://www.nutraceuticalsworld.com/contents/view_breaking-news/2022-01-17/lycored-opens-new-processing-facility-in-new-jersey/)

Top Companies Market Share in Lycopene Industry: (In no particular order of Rank)

• NHU CO. Ltd (China) 
• EID Parry (India)
• Lycored (Israel)
• Shaanxi Kingsci Biotechnology Co. Ltd (China)
• Plamed Green Science Group (China)
• Vidya Herbs (India)
• Xi'an Pincredit Biotech Co Ltd (China)
• SV AgroFoods (India)
• Allied Biotech Corporation (China)
• Dangshang Sannuo Limited (China)
• DSM (Netherlands)
• Wellgreen Technology Co Ltd (China)
• Divi's Laboratories (India)
• DDW (US)
• Dohler (Germany)
• Farbest Brands (US)
• San-Ei Gen F.F.I.
• Inc (Japan)
• Zhejiang
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Lycopene Market

Which Region will Dominate the Market in 2024?

According to Cognitive Market Research, North America dominated the lycopene market in 2024 and accounted for around 40% of the global revenue. Due to the region's high level of consumer awareness of health and wellness trends, lycopene-infused goods are in higher demand in the food, beverage, and dietary supplement industries, which explains their dominance. Furthermore, North America's strong R&D efforts and sophisticated food processing skills support its dominant position.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific is anticipated to be the fastest-growing region in the lycopene market in the forecast period. Several factors are contributing to this rapid rise, including as the growing middle class, more disposable cash, and the increasing emphasis on preventative healthcare in nations like China and India. The region's agriculture industry provides an abundance of lycopene-rich fruits and vegetables, and the addition of lycopene to traditional Asian diets contributes to this rise as well.

The current report Scope analyzes Lycopene Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Lycopene Market Analysis

According to Cognitive Market Research, the global lycopene market size was estimated at USD 118.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 47.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The growing requirement for sunscreen as a result of dermatological diseases and the extensive usage of lycopene in cosmetic products are fueling the North American market's expansion. It is also expected that as more people become aware of lycopene's advantages in a range of applications, the demand for it will rise. Over the course of the projection period, this is predicted to enhance market share in the region by increasing exports of excess lycopene. Furthermore, it is anticipated that the pharmaceutical sector would experience significant rise in sales within the North American lycopene market. As an antioxidant, lycopene has potential applications in the management of conditions linked to cancer. Additionally, it is employed in the creation of medications that treat cardiovascular disease and cancer.

• According to Cognitive Market Research, the US had a major share in the lycopene market with a market size of USD 37.30 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The well-established health and wellness sector, which has a strong demand for natural components and supplements, is blamed for this rise.
• The Canada lycopene market had a market share of USD 5.67 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period ascribed to consumers' growing health consciousness and the country's growing knowledge of the health advantages of lycopene-rich foods and supplements. 

• The Mexico lycopene market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 4.30 million in 2024.

Europe Lycopene Market Analysis

According to Cognitive Market Research, with a market value of USD 118.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 35.46 million. Growing public awareness of lycopene's health benefits, including how it lowers the risk of some cancers, heart illnesses, and eye disorders, is what's driving the market for the supplement. The European market is seeing a rise in demand for lycopene-rich products and supplements as a result of consumers' increased health consciousness. Additionally, it was anticipated that the health ingredient category would have the biggest market share. The health-promoting qualities of lycopene, such as its anti-inflammatory and antioxidant capabilities, are well known. Its dominance in this area is attributed to its positioning as a sought-after health ingredient due to its associations with different health advantages, including skin protection and cardiovascular health.

• The United Kingdom lycopene market had a market share of USD 5.96 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In this country, there is a comparatively high level of consumer awareness of the health advantages of lycopene, including its antioxidant qualities and possible role in preventing chronic diseases.

• The France lycopene market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 3.26 million in 2024.
• According to Cognitive Market Research, the Germany lycopene market size was valued at USD 7.02 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period driven by a rise in dietary supplement demand, a growing consumer preference for functional foods, and increased knowledge of the health advantages of lycopene.
• The Italy lycopene market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 3.05 million in 2024.
• The Russia lycopene market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD 5.50 million in 2024.
• The Spain lycopene market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 2.91 million in 2024.
• The Luxembourg lycopene market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 1.10 million in 2024.
• The Portugal lycopene market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 0.74 million in 2024.
• The Greece lycopene market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 0.43 million in 2024.
• Rest of Europe lycopene market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 5.50 million in 2024.

Asia Pacific Lycopene Market Analysis

According to Cognitive Market Research, the global Lycopene market size was estimated at USD 118.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 27.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. The need for lycopene products with an organic base and anti-cancer qualities that guard against degenerative diseases is rising, which is boosting the lycopene market in Asia Pacific. Along with the growth of lycopene's end-use applications in the food and beverage, cosmetic, and pharmaceutical industries, the other reason propelling the lycopene market is the growing demand for natural colorants in ready-to-eat meat products. Furthermore, the advancement of technologies aimed at producing high-value lycopene and the growing utilisation of lycopene in developing nations like China and India would generate novel prospects for the lycopene market. 

• According to Cognitive Market Research, the China lycopene market size was valued at USD 12.23 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period attributed to the nation's rising awareness of the health benefits of lycopene-rich foods and supplements as well as the growing health consciousness of consumers. 

• The Japan lycopene market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 3.75 million in 2024.
• The India lycopene market had a market share of USD 3.26 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period driven by an expansion in the market for nutritional supplements, a rise in the popularity of functional foods among consumers, and a greater understanding of the benefits of lycopene for health.
• The South Korea lycopene market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 2.72 million in 2024.
• The Australia lycopene market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 1.41 million in 2024.
• The South East Asia lycopene market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 1.88 million in 2024.
• The Rest of Asia Pacific lycopene market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 1.93 million in 2024.

 

South America Lycopene Market Analysis

According to Cognitive Market Research, the global Lycopene market size was estimated at USD 118.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 5.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. This is due to the increasing consumption of meat products in the Latin American market, as well as the ongoing growth of the food and pharmaceutical businesses in local marketplaces. Due to their preference for natural products and the state of the economies in most of the nations, customers in this region are driving the expansion of the Latin American lycopene market by selecting organic items. Furthermore, the majority of Latin American manufacturing enterprises pursue synthetic lycopene because of its ease and widespread applicability in a variety of industries, faster processes, and lower production costs. Additionally, synthetic lycopene has a dominant market share due to its widespread availability.

• According to Cognitive Market Research, the Brazil lycopene market size was valued at USD 2.53 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. This increase is attributed to the well-established health and wellness industry, which has a high demand for natural ingredients and supplements.

• The Argentina lycopene market had a market share of USD 0.99 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Consumer knowledge of lycopene's health benefits, particularly its antioxidant properties and its involvement in preventing chronic diseases, is relatively strong in this nation.

• The Colombia lycopene market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 0.53 million in 2024.
  • The Peru lycopene market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 0.48 million in 2024.
• The Chile lycopene market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 0.43 million in 2024.
• The Rest of Latin America lycopene market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 0.95 million in 2024.

 

Middle East Lycopene Market Analysis

According to Cognitive Market Research, the global Lycopene market size was estimated at USD 118.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. This is a result of the Middle East and Africa's Lycopene market's high meat consumption as well as the continuously growing food and pharmaceutical businesses in both local industries. Good repayment plans by governments in the region's member states and an extensive social insurance system are among the factors propelling the growth of the Middle East and Africa industry. Additionally, a sizeable portion of the market was occupied by the coloring agent category. Growing demand for natural and organic food coloring due to growing health concerns and increased consumer knowledge of lycopene's health advantages are predicted to propel the Middle East and Africa lycopene market's expansion. 

• According to Cognitive Market Research, the GCC Countries lycopene market size was valued at USD 1.01 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The well-established health and wellness sector is blamed for this rise, as there is a strong need for natural components and supplements.

• The Egypt lycopene market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 0.25 million in 2024.
• The South Africa lycopene market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 0.37 million in 2024 ascribed to the country's growing health consciousness as well as the advantages of lycopene-rich foods and supplements for health.
• The Turkey lycopene market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 0.20 million in 2024.
• The Nigeria lycopene market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 0.25 million in 2024.
• The Rest of MEA lycopene market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 0.28 million in 2024.

Lycopene Market Analysis

Lycopene Market Source Segment Analysis

According to Cognitive Market Research, natural category held the major market share over the forecast period. There is a growing trend among consumers to look for natural food components and supplements. This tendency also affects tomato lycopene, as there is an increasing market for naturally derived and organically certified lycopene products. Customers are aware of the need to stay away from artificial additives and favor goods that support their sustainability and health goals.

Synthetic is the fastest-growing category over the forecast period because to a variety of characteristics, including as reduced production costs, easier processing, and its numerous, straightforward applications across a range of industries.
Moreover, lycopene is a synthetic source that is easily accessible, contributing to its dominant market dominance. However, because natural products have so many health benefits, the demand for them is rising as consumer trends shift toward healthier lives.

• Synthetic
• Natural

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Lycopene Industry. Request a Free Sample PDF!

Lycopene Market Application Segment Analysis

According to Cognitive Market Research, food & beverages category held a prominent market share. In a wide range of F&B goods, lycopene is utilized as a natural food colorant, flavor enhancer, and nutritional supplement. Its domination is a result of its inclusion into sauces, beverages, and dietary supplements, which are in line with customer tastes for natural and healthy ingredients.

Pharmaceuticals is the fastest-growing category over the forecast period. The market for lycopene-infused pharmaceuticals has increased as a result of growing awareness of lycopene's potential health advantages, which include its antioxidant qualities, support for heart health, and ability to lower the risk of chronic diseases. The growing number of health-conscious consumers who are looking for natural and functional components in their meals is further accelerating this trend.

• Dietary supplements
• Food & beverages
• Personal care products
• Pharmaceuticals

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Lycopene Form Segment Analysis

According to Cognitive Market Research, beadlets category held a prominent market share. Due to their high concentration of lycopene concentrate, beadlets are the most widely employed lycopene form across a wide range of sectors worldwide. The beadlet form is noted to be manufactured by the majority of lycopene manufacturers, resulting in a higher demand for it among all the other forms, such as oil suspension, powder, and emulsion. The beadlet form of lycopene is therefore preferred by both the supply and demand sides, leading to its dominance in the market throughout the projection period.

Oil suspension is the fastest-growing category over the forecast period ascribed to its well-established existence and extensive application in the food, beverage, and nutritional supplement sectors. Lycopene oil suspensions had multiple benefits, including increased bioavailability, increased stability, and ease of inclusion into different products. Because of these qualities, it was a top choice for producers who wanted to add lycopene's health advantages and eye-catching red color to their goods.

• Beadlets
• Oil suspension
• Powder
• Emulsion

Lycopene Property Segment Analysis

According to Cognitive Market Research, health ingredient category held a prominent market share driven by a growing public awareness of the advantages of lycopene consumption for health. Strong antioxidant lycopene, which is included in tomatoes and other fruits, has been related in studies to a number of health advantages, including lowering the risk of some cancers, boosting heart health, and improving skin health. 

Coloring agent is the fastest-growing category over the forecast period because natural food coloring is becoming more and more popular. Customers are looking for natural colorants instead of synthetic ones as they become more health concerned. Lycopene, a naturally occurring pigment present in tomatoes and other fruits, is becoming more and more popular in a variety of food and beverage items as a coloring ingredient.

• Health ingredient
• Coloring agent

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

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Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

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