Lycopene Market Status and Outlook 2032

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Lycopene Market Size to Cross USD 250 Mn by 2032
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Overview of Lycopene Market

• Lycopene Market is anticipated to grow
  considerably during 2023 and 2032 owing to the
  increasing product demand from the dietary
  supplement industry. Increasing consumer
  awareness of the benefits offered by lycopene
  supplements for boosting health and preventing
  disease will increase their adoption in the
  coming years. Besides, lycopene is combined with
  other antioxidants and vitamins to enhance the
  effectiveness of dietary supplements. It also
  protects the body from free radical stress, which
  can damage DNA and other cell structures.
• Constant innovations and research studies around
  the compound would add to the market prospects in
  the coming years. Citing an instance, researchers
  found out that fruit compound d-Fructose-
  I-histidine could stimulate lycopene efficiency
  and limit the growth hormone 'IGF-1' to enhance
  the symptoms of prostate gland enlargement.
• The lycopene industry is segmented in terms of
  source, property, application, formulation, and
  region.

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• The natural source segment will register strong
  growth, owing to the fact that vegetables and
  fruits are natural sources of lycopene. It can
  also be found in a wide variety of fruits,
  including watermelons, tomatoes, pink
  grapefruits, red papayas, guavas, apricots,
  carrots, and red oranges.
• The coloring agent segment is anticipated to
  depict over 5 CAGR through 2032. Lycopene is a
  naturally occurring red carotenoid pigment that
  is mainly used to impart red to pink colors to
  different products.
• The personal care products segment will register
  commendable gains during 2023-2032. Lycopene is a
  dietary antioxidant that prevents skin from
  photodamage. As per a study, the prevalence of
  clinically detectable photoaging is likely to be
  as high as 80 to 90 in European and American
  population. The compound offers a constant amount
  of skin protection and slows blood clotting,
  contributing to their many advantages in personal
  care products.

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• Considering the formulation, the oil suspension
  segment will depict over 4.5 CAGR through 2032.
  Lycopene is fat-soluble, which implies it gets
  absorbed better in the gut when taken with fat.
  Reports suggest the consumption of lycopene
  supplements along with meals containing
  sufficient healthy fat, such as nuts, fatty fish,
  avocado, eggs, or olive oil.
• Regionally, the Europe lycopene industry is
  anticipated to be valued at over USD 55 million
  by 2032. The increased lycopene use in the
  region's food and beverage industry will impel
  the market growth. Lycopene is used as a natural
  food coloring agent and functional ingredient in
  a variety of products, such as juices, sauces,
  and dietary supplements.
• Notable participants in the Lycopene market
  include Archer Daniels Midland, BASF SE limited,
  Divis laboratories, Dohler group, Vidhya herbs,
  Allied biotech corporation and DDW

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