Table of Contents
Overview
New York, NY – July 30, 2025 – The Global Lycopene Market is growing fast, driven by rising demand for natural antioxidants and health-boosting ingredients. In 2024, the market was valued at USD 155.0 million, and it’s expected to reach USD 254.9 million by 2034, growing at a 5.1% CAGR.
The lycopene market is experiencing significant growth, fueled by increasing consumer awareness of lifestyle-related diseases and a rising preference for antioxidant-rich supplements. With the growing prevalence of cardiovascular diseases and cancers, consumers are turning to natural preventive solutions, boosting the demand for lycopene due to its scientifically supported health benefits. A recent industry report highlights that ARTAH Nutrition has secured £2.85 million in funding to expand its dietary supplement operations, reflecting the market’s potential.
Lycopene, a natural antioxidant, is extracted, formulated, and sold for applications in dietary supplements, functional foods, cosmetics, and pharmaceuticals. Its popularity stems from its appeal as a clean-label, plant-based ingredient, particularly in health-focused products like supplements and fortified beverages. Additionally, lycopene is gaining traction in anti-aging skincare formulations, catering to the growing demand for natural and health-promoting compounds across diverse industries.
Key Takeaways
- The Global Lycopene Market is expected to be worth around USD 254.9 million by 2034, up from USD 155.0 million in 2024, and is projected to grow at a CAGR of 5.1% from 2025 to 2034.
- In the Lycopene market, beadlets form accounts for 39.2% due to better stability and absorption.
- Synthetic lycopene dominates the market with a 57.9% share, driven by consistent quality and lower production costs.
- Dietary supplements lead the application segment with a 38.5% share, as consumers seek antioxidant-rich health solutions.
- Lycopene, as a health ingredient, holds a 69.4% share, reflecting its wide use in wellness-focused formulations.
- The North American market was valued at USD 66.3 million during the same year.
How Growth is Impacting the Economy
The Lycopene Market’s growth significantly influences the global economy. Rising demand for natural antioxidants creates jobs in agriculture, particularly in tomato-producing regions like the Asia-Pacific. Investments in advanced extraction technologies, such as supercritical CO2, enhance production efficiency, boosting local economies through innovation-driven industries.
The nutraceutical sector’s expansion stimulates trade and manufacturing. However, high production costs and supply chain volatility, exacerbated by geopolitical uncertainties, challenge profit margins. Sustainable practices and digitalized supply chains are mitigating these issues, fostering economic resilience and supporting health-conscious consumer trends, particularly among Gen Z.
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Strategies for Businesses
Businesses in the lycopene market should prioritize sustainable sourcing, leveraging eco-friendly extraction methods like supercritical CO2 to reduce costs and appeal to health-conscious consumers. Investing in R&D for innovative formulations, such as microencapsulated lycopene for cosmetics, can enhance product differentiation.
Strategic partnerships with local tomato producers in high-yield regions like Asia-Pacific ensure cost-effective raw material access. Digitalizing supply chains improves resilience against disruptions. Additionally, targeted marketing campaigns emphasizing lycopene’s health benefits can capture Gen Z’s preference for natural products, boosting market penetration and ensuring competitive advantage in this dynamic, growing industry.
Report Scope
| Market Value (2024) | USD 155.0 Million |
| Forecast Revenue (2034) | USD 254.9 Million |
| CAGR (2025-2034) | 5.1% |
| Segments Covered | By Form (Beadlets, Oil Suspension, Powder, Emulsion), By Nature (Synthetic, Natural), By Application (Dietary Supplements, Food and Beverages, Personal Care, Pharmaceuticals, Others), By Property (Health Ingredient, Coloring Agent) |
| Competitive Landscape | Allied Biotech Corporation, Archer-Daniels-Midland Company, BASF SE, Divi’s Laboratories, DSM, Farbest Brands, Lycored, LyondellBasell Industries, Plamed Green Science Group, San-Ei Gen F.F.I., Inc., Shaanxi Kingsci Biotechnology Co., Ltd, Vidya Herbs, Wellgreen Technology Co., Ltd, Xi’an Natural Field Bio-Technology Co., Ltd, Zhejiang NHU CO., Ltd |
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Key Market Segments
By Form
In 2024, Beadlets held the leading position in the Lycopene Market’s form segment, capturing a 39.2% market share. This dominance is attributed to their superior stability, prolonged shelf life, and effective protection of the lycopene compound during production and storage. Beadlets are widely favored in dietary supplements and functional food formulations due to their dry, free-flowing structure, enabling easy use in tablets, capsules, and fortified foods. Additionally, the form allows for controlled release and consistent dosing, enhancing bioavailability and consumer trust.
By Nature
Synthetic lycopene accounted for a significant 57.9% share of the market by nature in 2024. Its popularity stems from cost-efficiency, consistent purity, and large-scale production capacity. Manufactured through chemical synthesis, synthetic lycopene ensures a stable supply, unaffected by agricultural constraints. This form is widely used in dietary supplements, food coloring, and pharmaceutical applications due to its thermal stability and extended shelf life.
By Application
Dietary supplements led the application segment in 2024, holding a 38.5% market share. This leadership reflects rising awareness of lycopene’s antioxidant properties and its role in supporting cardiovascular and cellular health. The convenience of capsules and tablets, coupled with precise dosage and growing self-care trends, has driven demand. Health-conscious consumers, especially aging populations, continue to turn to lycopene-based supplements for preventive care, strengthening its position in the nutraceutical sector.
By Property
In terms of functional attributes, health ingredients remained the dominant property, accounting for 69.4% of the market share in 2024. Lycopene’s proven antioxidant, anti-inflammatory, and cardio-protective benefits have made it a core component in wellness-oriented products, including supplements and functional foods. Increasing use in daily health regimes and scientifically backed efficacy have enhanced consumer confidence, positioning lycopene as a preferred natural health enhancer.
Regional Analysis
North America led the global lycopene market in 2024, capturing 42.8% share, valued at USD 66.3 million. This dominance is supported by a strong nutraceutical industry, high consumer health awareness, and widespread consumption of functional foods and supplements. Europe followed with steady growth driven by natural ingredient adoption in established food and pharma sectors.
The Asia Pacific region shows rising demand due to urbanization, health-conscious consumers, and a growing middle class. Meanwhile, Latin America and the Middle East & Africa represent emerging markets, where health and wellness trends are gradually fostering lycopene uptake.
Recent Developments
1. Allied Biotech Corporation
- Allied Biotech Corporation, a leader in carotenoid production, has expanded its lycopene offerings with high-purity, natural extracts for nutraceuticals and cosmetics. The company focuses on sustainable sourcing and advanced fermentation technology to enhance bioavailability. Their lycopene is used in supplements and functional foods, catering to the growing demand for natural antioxidants.
2. Archer-Daniels-Midland Company (ADM)
- ADM has invested in plant-based nutrition, including lycopene-enhanced ingredients for food and beverage applications. Their recent innovations include lycopene-fortified snacks and beverages, targeting health-conscious consumers. ADM also collaborates with food brands to integrate lycopene into clean-label products.
3. BASF SE
- BASF continues to advance its lycopene production using sustainable methods, including microbial fermentation. The company has introduced new formulations for dietary supplements and skincare, emphasizing stability and efficacy. BASF’s research highlights lycopene’s role in reducing oxidative stress and supporting heart health.
4. Divi’s Laboratories
- Divi’s Laboratories has scaled up lycopene production to meet rising demand in pharmaceuticals and nutraceuticals. The company focuses on high-quality synthetic lycopene for medical applications, including cancer prevention research. Their recent expansions aim to strengthen global supply chains.
5. DSM (Now part of Firmenich)
- DSM has integrated lycopene into its wellness portfolio, emphasizing its benefits in immune and cardiovascular health. The company’s recent studies confirm lycopene’s effectiveness in functional foods and supplements. DSM also promotes sustainable sourcing and transparent labeling.
Conclusion
The Lycopene Market’s robust growth, driven by health awareness and demand for natural ingredients, presents significant economic opportunities. While challenges like high production costs and supply chain issues persist, strategic innovations in extraction and sustainable practices are key to sustained growth. Businesses that adapt to consumer trends and invest in R&D will thrive in this competitive landscape.
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