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Lycopene Market Competitive Landscape, Growth Factors, Revenue Analysis to 2027 – IndustryARC

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Increasing awareness about benefits of lycopene in food are likely to aid the market growth of the Lycopene Market report.

HYDERABAD, TELANGANA, INDIA, November 21, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that Lycopene market size is forecast to reach $150.2 million by 2026, growing at a CAGR of 5.3% during the forecast period 2021-2026. Lycopene is a dark red carotenoid hydrocarbon present in tomatoes and in a variety of other red fruits and vegetables such as red carrots, grapefruits, watermelons, and papayas. Lycopene, on the other hand, Lycopene is a carotene which does not have vitamin A activity. Asparagus, parsley, and guava are examples of non-red foods that can contain lycopene. Lycopene acts as an intermediate in the biosynthesis mechanism of certain carotenoids, such as beta-carotene, and is responsible for yellow, red, and orange pigmentation, photoprotection, and photosynthesis in plants, algae, and other photosynthetic species. Lycopene is used in dietary supplements because it is easily absorbed by the body. It is used to treat elevated cholesterol, high blood pressure, and certain cancers since it acts like an antioxidant, protecting cells from more harm.

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https://www.industryarc.com/Research/Lycopene–Global-Market-Research-510660

Key takeaways:

This IndustryARC report on the Lycopene Market highlights the following areas –

1. Asia-Pacific dominated the Lycopene Market in 2020 owing to the presence of large number of manufacturer. The Lycopene Market scope for different regions will be provided in the final report.

2. Increasing awareness about benefits of lycopene in food are likely to aid the market growth of the Lycopene Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Lycopene Market report.

3. The factor that hamper the Lycopene Market are high cost of lycopene due to processing & extraction process in lycopene and availability of substitute products in the market.

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Segmental Analysis:

Lycopene Market Segment Analysis – By Source : Synthetic held the largest share in the Lycopene Market in 2020 and is estimated to grow at a CAGR 5.7% during the forecast period 2021-2026. Most industrial firms are interested in synthetic source lycopene due to a variety of reasons such as lower production costs, easier packaging, and it’s convenient and broad applications in a variety of industries.

Lycopene Market Segment Analysis – By Application : Dietary Supplements held the largest share in the Lycopene Market in 2020 and is estimated to grow at a CAGR 6.1% during the forecast period 2021-2026.

Lycopene Market Segment Analysis – By Geography : Asia-Pacific dominated the Lycopene Market with a major share of 38.2% in 2020. This is attributed to the presence of key manufacturers in this region.

Competitive Landscape:

The top 5 players in the Lycopene Industry are –

1. Royal DSM
2. Dohler
3. Plantnat
4. SV AgroFoods
5. Plamed Green Science Group

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Lycopene Market Competitive Landscape, Growth Factors, Revenue Analysis to 2027 - IndustryARC 3