Dublin, Dec. 29, 2021 (GLOBE NEWSWIRE) -- The "Lycopene Market by Form, Nature, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Lycopene is a naturally occurring carotenoid. It is most commonly found in tomatoes, however, it is also found in other fruits and vegetables such as guavas, watermelon, grapefruit, red bell peppers, red carrots, papaya, and others. It is a color pigment that gives these fruits and vegetables their red color.
Lycopene extracted from these sources is majorly used as a coloring agent or dye to impart red color to various kinds of foods, confectionaries, and beverages. Lycopene has high antioxidant concentration, which helps fight free radicals in the body and can also help prevent heart diseases and certain types of cancers. Due to this, the use of lycopene as an active ingredient in nutraceuticals and some pharmaceuticals has increased significantly. Furthermore, antioxidants also help in skin tightening and overall skin improvement, as a result its adoption has witnessed surge in the cosmetic and personal care products.
Increase in demand for natural food colors from various industries such as food & beverages, bakery & confectionery, dairy products, meat & poultry, and seafood, to have a positive impact on the growth of the lycopene market as a coloring agent. Lycopene imparts red color to food and beverages, which make the food aesthetically pleasing and attractive to consumers. Furthermore, natural lycopene is obtained from tomatoes; thus, also have nutritious benefits along with less susceptibility to any allergic reactions. In addition, increase in consumer awareness toward usage of natural ingredients in food production has increased in the last few years. As a result, consumers are opting for alternatives for food and beverages free from synthetic colors. With increasing preference for natural colors, demand for natural lycopene is expected to gain high traction in the near future.
The most common application of lycopene is as a coloring agent to impart red color to food, beverages, cakes, confectionaries, meat, and others. However, lycopene is not the only natural source from which red food color dyes are made. Beetroot is a major vegetable from which red food dye is manufactured. Red carrots, astaxanthin, apocarotenal, and others are some other commonly used sources for production of red food dye. The presence of a large variety of natural sources of food color production undermines the importance of lycopene. Food manufacturers have multiple different options they can choose from, depending on the availability and cost effectiveness of the color. This severely impacts the lycopene market and can become a barrier that can dissuade market expansion.
The global lycopene market is segmented on the basis of form, nature, application, and region. Based on form, the global lycopene market is bifurcated into powder and others. By nature, the market is bifurcated into natural and synthetic. Based on application the global market is segmented into food and beverage, nutraceuticals and pharmaceuticals, and cosmetics and personal care. The global lycopene market is also studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players profiled for in the lycopene market analysis include Allied Biotech Corporation, Archer-Daniels-Midland Company, AromataGroup SRL, BASF SE, Divis Laboratories Ltd., Doehler Group SE, ExcelVite, Givaudan International SA, Kalsec Inc., and Koninklijke DSM N.V. Other prominent players analyzed in the report are Chr Hasen A/S, DDW The Color House, International Flavors & Fragrances Inc., Sensient Technologies Corporation, Cyanotech Corporation, and Kemin Industries, Inc.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Porter's five forces analysis
3.3. Parent market overview
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Use of lycopene as a natural coloring agent in food and beverages to drive the market growth
3.4.1.2. Various health benefits of lycopene to benefit the nutraceutical industry
3.4.1.3. Skin repairing and skin improving qualities of lycopene to increase its adoption in cosmetic industry
3.4.2. Restraints
3.4.2.1. Availability of several other sources for red food coloring to impede market growth
3.4.2.2. Low stability of lycopene to challenge market expansion
3.4.3. Opportunities
3.4.3.1. Increase in consumer demand for clean label products can help provide impetus to the market
3.4.3.2. Newer demand from the animal feed industry can help create new growth avenues
3.5. Industry life cycle assessment, by region
3.6. Geographical concentration analysis of lycopene producers
CHAPTER 4: GLOBAL LYCOPENE MARKET, BY FORM
4.1. Overview
4.1.1. Market size and forecast, by Form
4.2. Powder
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Others
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
CHAPTER 5: GLOBAL LYCOPENE MARKET, BY NATURE
5.1. Overview
5.1.1. Market size and forecast, by Nature
5.2. Natural
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Synthetic
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
CHAPTER 6: GLOBAL LYCOPENE MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast, by Application
6.2. Food and Beverage
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Nutraceuticals and Pharmaceuticals
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
6.4. Cosmetics and Personal Care
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country
CHAPTER 7: LYCOPENE MARKET, BY REGION
CHAPTER 8: COMPETITION LANDSCAPE
8.1. Overview
8.2. Competitive dashboard
8.3. Competitive heat map
8.4. Product mapping
8.5. Top winning strategies
8.6. Key developments
8.6.1. Acquisition
8.6.2. Business Expansion
8.6.3. Product Launch
8.6.4. Partnership
8.6.5. Agreement
8.6.6. Collaboration
8.6.7. Joint venture
8.6.8. Merger
8.7. Top Player Positioning
CHAPTER 9: COMPANY PROFILE
9.1. ALLIED BIOTECH CORPORATION
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.2. ARCHER DANIELS MIDLAND COMPANY
9.2.1. Company overview
9.2.2. Key executive
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. R&D expenditure
9.2.7. Business performance
9.2.8. Key strategic moves and developments
9.3. AROMATAGROUP SRL
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Key strategic moves and developments
9.4. BASF SE
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. DIVIS LABORATORIES LTD.
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. DOEHLER GROUP SE
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. EXCELVITE
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Givaudan International SA (NATUREX S. A.)
9.8.1. Company overview
9.8.2. Key executive
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. R&D expenditure
9.8.7. Business performance
9.8.8. Key strategic moves and developments
9.9. KALSEC INC.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. KONINKLIJKE DSM N. V.
9.10.1. Company overview
9.10.2. Key executive
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. R&D expenditure (Continued and discontinued operations)
9.10.7. Business performance (Continued and discontinued operations)
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