Lycopene Industry

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.

Gather more insights about the market drivers, restrains and growth of the Global Lycopene market

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.

Lycopene Market Report Segmentation

  • 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
      • US
      • 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

Key Lycopene Company Insights

Some of the key players operating in the global lycopene market include

  • Lycored is a global company that operates in the field of nutritional supplements and develops added-value nutrients for use in dietary supplements, functional food and beverages, and nutricosmetics. The company offers a range of products including cardiomato, carotenoids, lumenato, vitamins, real food, wellness extracts, and beverages. Lycored extracts carotenoids and other vitamins and minerals from marigolds, fragrant rosemary, palm fruits, and curcumin, and has developed a unique microencapsulation technique that keeps ingredients stable and releases them slowly into the body
  • DSM is a global company based in the Netherlands that specializes in health, nutrition, and materials. They offer a range of products and solutions that address various challenges while creating economic, environmental, and societal value. DSM Nutritional Products, a division of DSM, is known for its expertise in carotenoid production, including lycopene. They have developed a lycopene product called "redivivo Lycopene" that offers superior stability, greater nutrient absorption, and low extrusion losses in food and beverage applications, such as confectionery. DSM's lycopene is available in various forms and can be formulated into applications to produce a wide range of color tones and shades

Key Lycopene Companies:

The following are the leading companies in the lycopene market. These companies collectively hold the largest market share and dictate industry trends.

  • Lycored
  • DSM
  • Wellgreen Technology Co Ltd
  • Divi’s Laboratories
  • San-Ei Gen F.F.I., Inc
  • Dangshang Sannuo Limited
  • EID Parry
  • BASF SE
  • Archer-Daniels-Midland Company
  • LyondellBasell Industries

Recent Developments

  • In 2024, OZiva launched OZiva Bioactive Gluta Fizzy. This formulation offers a multi-targeted solution, supporting repairing skin cell damage, evening out the complexion, lessening pigmentation, and promoting even-toned, and smooth skin. The formulation of the product includes several potent antioxidants, such as glutathione, hyaluronic acid, astaxanthin, lycopene, and collagen builders.
  • In September 2022, Lycopene International acquired LycoRed Ltd., a leading supplier of lycopene ingredients. This acquisition was aimed at expanding Lycopene International's product portfolio and reaching new markets.

Order a free sample PDF of the Lycopene Market Intelligence Study, published by Grand View Research.