Market Analysis and Insights: Global Lycopene Market
Lycopene market is expected to witness expansion at a potential rate of 4.40% in the forecast period of 2020 to 2027, which will result in the market reaching an estimated valuation of USD 160.05 million at the end of the above-mentioned forecasted period. This growth trend is expected to be caused by the increased demand rate for natural colorants and functional ingredients from the different applicable industries.
Lycopene is a carotenoid and phytonutrient compound majorly prevalent in tomatoes, although its presence can be normally found in a number of red coloured plants. This compound is used majorly as a food colouring agent in various forms of food product manufacturing, although a number of other functional benefits such as antioxidant features which can be used to prevent or treat various forms of chronic diseases.
This compound is highly beneficial in halting the progress of various degenerative diseases which is resulting in high demand levels from the pharmaceutical industries. Various innovations and technological advancements related to the development and extraction of lycopene compounds from the industries are acting as growth drivers for the market.
Even with a number of beneficial effects of this compound, there have been various negative factors restricting the market’s growth in the above-mentioned forecasted period, some of which are the presence of strict regulations in terms of development and commercialization of lycopene. Along with this, the surges of harmful effects being associated with lycopene are causing the market’s growth to be restricted.
This market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emergingrevenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions and technological innovations in the market. To gain more information on Data Bridge Market Research lycopene market contact us for an Analyst Brief our team will help you take an informed market decision to achieve market growth.
Lycopene Market Country Level Analysis
Global lycopene market is analysed and market size, volume information is provided by country, type, form, grade, application and end use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, China, Japan, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in Asia-Pacific, Saudi Arabia, U.A.E, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
Europe will hold the dominant position for the market share of lycopene market due to the rising prevalence of prostate cancer from the region, with a number of pharmaceutical benefits associated with lycopene in the treatment of prostate cancer. Asia-Pacific will witness the highest growth rate due to the usage of lycopene in cosmetics products specifically sunscreen. The increased demand for sunscreen has been caused by the increased volume of patients suffering from different skin disorders in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Global Lycopene Market Scope and Market Size
Global lycopene market is segmented on the basis of type, form, grade, application and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Lycopene market on the basis of type has been segmented into synthetic lycopene, natural/conventional lycopene and organic lycopene.
On the basis of form, the lycopene market has been segmented into powder, capsule and liquid/syrup.
Based on grade, pharmaceutical grade and food grade are the segments included for lycopene market.
On the basis of application, the market consists of pharmaceutical, cosmetics and food colouring agent. Pharmaceutical further consists of tablets and capsules. Cosmetics have been further sub-segmented into creams and lotion. Food colouring agent consists of ready-to-eat meat products, beverages, nutritional bars, dietary supplements and dairy products.
Lycopene market has also been sub-segmented on the basis of end use into food & beverages, oil extraction and pharmaceutical.
Competitive Landscape and Lycopene Market Share Analysis
Global lycopene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lycopene market.
The major players covered in the report are DSM, General Nutrition Centers, Inc., Lycored, Jamieson Laboratories, BASF SE, Wellgreen Technology Co.,Ltd., Chr. Hansen Holding A/S, San-Ei Gen F.F.I.,Inc., Lycopene Store, Dangshang Sannuo Limited, Pioneer Enterprise, HINDUSTAN MINT & AGRO PRODUCTS PVT. LTD., Top Pharm Chemical Group among other players domestic and global. Market share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Customization Available: Global Lycopene Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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