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Lycopene Market Share

Report ID: GMI5537
Published Date: Apr 2023
Report Format: PDF

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Lycopene Market Share

Some of the leading companies involved in the lycopene market are:

Divis laboratories
Lycored
DDW the colour house
Archer Daniels Midland
BASF SE limited
Dohler group,
DSM.

These companies are heavily investing in capacity expansion efforts to extend their global footprint. Citing an instance, in February 2023, Archer-Daniels-Midland Company, an American multinational food processing company, announced the opening of a new production unit in Valencia, Spain to cater to the increasing demand for postbiotics, probiotics, and other products that support well-being.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lycopene reached USD 145 million and is anticipated to witness 5.5% CAGR during 2023 to 2032, driven by the surging demand for lycopene from the food industry.

The synthetic source segment is slated to record a valuation of USD 185 million by 2032, fueled by the relatively low manufacturing costs of synthetic lycopene.

Asia Pacific market is poised to expand at 6% CAGR through 2032, on account of the region

Some of the major contenders partaking in the market share include names such as DDW the colour house, Vidhya herbs, Plantnat, Plamed green science group, Dohler group, Hunan sunshine bio tech co ltd, and Divis laboratories.