Lycopene Market Status & Revenue Forecast Recorded During Forecast

Posted by Arslan on December 26th, 2018

Solanum lycopersicum, a tomato species that is majorly found in the Latin America region, is the primary source for lycopene, a carotenoid and phytonutrient substance. Lycopene is present in red fruits and vegetables such as carrots, watermelon, tomatoes, papaya, sweet red peppers, guava, mango, pink grapefruits and red cabbage, in small amounts. The red color in these fruits is basically due to the presence of lycopene. Lycopene acts as an essential antioxidant for humans and provides protection from degenerative diseases. The prevention of DNA damage to the cells and promoting the functioning of DNA in the body are also among factors responsible for driving the lycopene market globally. Several advantages of lycopene have created demand for the substance in the food industry as well as cosmetics industry for anti-aging creams and lotions. Several benefits of lycopene and its sufficient availability has also boosted the global lycopene market.

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Global Lycopene Market Dynamics

The presence of lycopene in the blood and fatty tissues reduces the risk of heart disease, cancer and age-related macular degeneration. It protects against colon, stomach, skin and lung cancer. Moreover, it also reduces the probability of arteriosclerosis that protect the skin from harmful UV exposure.

Moreover, natural colorants are attracting a large number of consumers from the ready-to-eat food products industry, along with emerging applications in the beverage, cosmetics and pharmaceutical industries. The large and ever-increasing global demand for ready-to-eat food products, emerging applications of lycopene in non-food sectors and further developing applications are factors driving the global lycopene market.

Global Lycopene Market Segmentation

The global lycopene market can be segmented on the basis of lycopene type as:

• Synthetic Lycopene
• Organic Lycopene

The pricing analysis of the global lycopene market will be done on the basis of lycopene type due to significant price variation among segments.

The global lycopene market can be segmented on the basis of application as:

• Cosmetic lotions & creams
• Pharmaceuticals
• Food coloring agent
  • Ready-to-eat meat products
  • Beverages
  • Nutritional Bars
  • Dietary Supplements
  • Dairy Products
  • Others

Global Lycopene Market Regional Outlook

Western Europe is estimated to be the leading producer in the lycopene market due to the high production volume of tomatoes, sufficient availability of technology for production, well-established & large healthcare industry and the presence of various developed economies with high awareness regarding health issues among people. Mexico is the largest exporter of tomatoes in the world as the country is not capable of processing or consuming the entire volume of tomatoes produced in the country. The U.S. is one of the top five tomato producers and needs to import a large volume of tomatoes to serve the domestic demand. Moreover, the country exhibits similar trends as the countries of Western Europe. China and India are among the leading global producers of tomatoes and both countries consume almost the entire volume produced. The healthcare and pharmaceutical industry of the Asia Pacific region is continuously growing at a significantly high pace.

Hence, the market in Asia Pacific is rapidly emerging, Latin America has high & untapped potential and the market in North America & Western Europe is large & steady, whereas there is low volume demand for lycopene from the countries of the MEA region.

Brief Approach to Research

Our analysis will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the vegetable carbon including background and evolution
• Macroeconomic factors affecting the vegetable carbon and its potential
• Market dynamics, such as drivers, challenges, and trends in the market
• Detailed value chain analysis of the market
• The cost structure of the products and segments covered in the study of the market
• In-depth pricing analysis, by key product segments, regions and by major market participants in the market
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
• Analysis of the market structure, including a tier-wise categorization of key market participants
• Competitive landscape of the market, including detailed profiles of the top players