The Lycopene is found in copiousness in red fruits and vegetables including watermelon, apricots, tomato, papaya, pink guava, grapefruit, red cabbage, mango, asparagus, and carrots. It is an antioxidant, safeguards the human body from the destructive effects of compounds called free radicals. Furthermore, Lycopene is predictable for thwarting syndromes likewise cancer (digestive tract cancer, prostate cancer, bladder cancer, breast cancer, skin cancer, and cervical cancer), osteoporosis, cardiovascular syndromes, hypertension, male infertility and multiple other human syndromes.
According to the report analysis, ‘Global Lycopene Market to reach USD 166 million by 2026’ states that the market is majorly driven by the increasing number of assistances offered by lycopene in precautionary healthcare and its augmenting applications in a variety of industries across the globe. The foremost players of worldwide Lycopene market has implemented several strategies to obtain a competitive advantage involving product launch, mergers and acquisition, partnerships and agreements, investment, funding, and several others. For instance, during January 2018, E.I.D. Parry (India) arrived into a partnership with Synthite Industries Ltd to reinforce its market existence in its human nutrition sector. Similarly, during June 2019, DDW (US) obtained the natural color company from DuPont’s Nutrition & Biosciences division focusing to augment its global reach and also to add manufacture and technical characteristics in innovative natural colors. Furthermore, increasing requirements in the pharmaceutical industry is projected to generate significant growth opportunities in the market over the review period. However, the stringent regulatory norms limit the growth of the market over the review period of 2020-2026.
Allied Biotech Corporation, LycoRed Ltd., DSM (Koninklijke DSM N.V.), Wellgreen Technology Co Ltd, Divi’s Laboratories Ltd., San-Ei Gen F.F.I., Inc, Dangshan Sannuo Limited, DDW (Douw Ditmars Williamson) The Color House corporation, Dohler, Farbest Brands, and several others are the major players involved in this report of lycopene.
The regional analysis of worldwide Lycopene market is considered for the great regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant economy across the world in terms of market share owing to growing demand for the natural colorants and higher implementation of lycopene in meat industry. Whereas, the Asia-Pacific is also projected to exhibit the highest growth rate / CAGR over the review period of 2020-2026. Aspects such as the existence of the lycopene manufacturing corporates, rising awareness on assistances of lycopene in food, dietary supplement, speedily increasing populace and personal care & cosmetic applications would generate lucrative growth prospects for the Lycopene market around the Asia-Pacific region.
Although, the worldwide lycopene market propelling factors are augmenting requirement for organic-based lycopene products which comprises anti-cancer properties that safeguard against degenerative diseases. The other propelling factor for the lycopene market is the growing requirement for natural colorants in ready-to-eat meat products, coupled with the enlargement of end-use submissions of lycopene in food and beverage industries, cosmetics and pharmaceuticals. Along with the growing utilization of lycopene in several industries, the worldwide lycopene market is projected to observe robust growth over the review period. Therefore, in the near years, it is anticipated that the market of lycopene will increase around the globe more positively over the inflowing years.
For More Information on the Research Report, refer to below links: –
Global Lycopene Market Analysis
Related Report:-
Global Tomato Lycopene Market Status and Future Forecast 2015-2025
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