Lycopene Market: Market Outlook
Lycopene is carotenoid a natural pigment that gives the fruits red colour. Lycopene mostly found in the Red fruits and vegetables such as tomatoes, papaya, guava, chillies, carrots, different cabbage, and grapefruits. The red colour of tomatoes is only for the lycopene pigment. Tomatoes have higher content Lycopene in comparison to other fruit and vegetables. Lycopene is highly antioxidant and nutritive for the human body. Lycopene is carotenoid and that is phytonutrient in nature. Lycopene has many nutrients, which help to prevent cancer (prostate cancer, digestive cancer, gall bladder cancer, epidermis cancer, mammary gland cancer, and cervical cancer), calcium disorders, male infertility, and health-related diseases. Lycopene also helps to reduce acne, improve the eyesight due to stress. Lycopene used in pharmaceutical, cosmetic, colouring industries. People also develop skin reactions or allergy due to the consumption of lycopene. Lycopene is also harmful to pregnant or breastfeeding women. Lycopene also shows the protection against chronic diseases such as Alzheimer's disease by enhancing the cognitive function by protecting oxidative damage of mitochondrial enzymes and preventing apoptosis. Lycopene has an anti-inflammation property. Lycopene is highly used in the cosmetic industry. In fact L’OréalParis the leading cosmetic player using lycopene in its every product to rejuvenate the skin.
Rejuvenation of skin cells with higher in phytonutrient increase the demand of lycopene in the global market
Lycopene market has higher demand due to its potential applications in various industries such as pharmaceutical, cosmetic, and food and beverage. The demand for organic products, which are higher in phytonutrient, anticancer properties, and natural colouring agents, are some of the factors that improve the demand of lycopene in the global market. Lycopene content also depends on the type of fruit, vegetables, growing condition, rainfall, and agricultural techniques. Lycopene production is highly affected by the microbial fermentation due identification of biosynthesis genes and develop the new highly pigment-producing strains. Lycopene demand is also increasing due to its strong anticancer and antioxidant activity, prevent the free radical radiation, and remove the aging cells from the body. The protective antioxidant is the different type of carotenoids, which are highly demanded in the medical and pharma industry due to it is highly membrane proactive function. However, Overdose of lycopene, stringent regulation by the government are the major restrain for the lycopene market.
Global Lycopene Market: Segmentation
On the basis of nature, the global Lycopene market has been segmented as
On the basis of Application the global Lycopene market has been segmented as
On the basis of form, the global Lycopene market has been segmented as
On the basis of region, the global Lycopene market has been segmented as
Global Lycopene Market: Key Players
Some of the key players of Lycopene market are Lycored, DSM, Well green Technology Co Ltd, Divis Labs ltd., San-Ei Gen F.F.I., Inc , Dangshang Sannuo Limited, DDW, Dohler, Farbest Brands, Zhejiang NHU CO. Ltd, EID Parry Ltd., Shaanxi Kingsci Biotechnology Co. Ltd, Vidya herbs pvt. Ltd., Xi’an Pincredit Biotech Co. Ltd, Hunan Sunshine Bio-Tech Co. Ltd, Xi’an Natural Field Bio-Technology Co., Ltd, Plantnat, SV AgroFoods, and Plamed Green Science Group.
Global Lycopene: Market Opportunity
Since higher the demand of natural anticancer medicine and natural colouring agent increase the demand of lycopene in the global market. Innovation in technology and developing high value products has increase the demand of Lycopene in the global market. Europe dominated the largest market share especially in U.K and Germany due to the higher consumption of meat products and natural colour agents. Asia Pacific region is next in cue after Europe due to urbanization, growing the food and beverage, cosmetic and pharmaceutical industry, and an increase in disposable income with higher demand for health and nutritional product, opens the new opportunity in the market. Africa is an emerging market, as favourable government policies will opened new opportunities in the market. Cosmetic and food colouring industries has the highest demand for lycopene in the global market.
COVID-19 Impact on Global Lycopene Market
The spread of the COVID-19 is the major restrain for the global economy and most of the industries. The pharmaceutical and cosmetic industry has highly affected during the spread of COVID-19. The vegetable and fruit crops also inhibited due to this pandemic. Furthermore, the production is also down due to a lack of water and other sources. Thus, the lycopene market expected to influence the market moderate after the recovery from COVID-19.