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Lycopene Market is estimated to surpass $133 Million by 2023 growing at an estimated rate of more than 3.5% during 2018

Lycopene is present in tomato species known as Solanum lycopersicum, mostly found in Central and South American regions. It is a carotenoid and phytonutrient substance, and is an essential antioxidant for human body which helps in protecting from degenerative diseases. Majorly lycopene is found in red fruits and vegetables such as tomatoes, watermelon, papaya, guava, sweet red peppers, mango, carrots, red cabbage, and pink grapefruits.

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Lycopene Market is estimated to surpass $133 Million by 2023 growing at an estimated rate of more than 3.5% during 2018

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  1. The global Lycopene Market is estimated to surpass $133 Million by 2023 growing at an estimated rate of more than 3.5% during 2018 to 2023.

  2. Europe dominates the Lycopene Market due to the growing consumer demand for coloring the food products. The Lycopene Market in Europe is expected to reach $5.5 million by 2025 with a CAGR of 3.6% the coming years during the forecast period. North America is the second largest region in the market. This can be attributed to the increasing use of lycopene in the meat industry along with the increasing demand for natural colorants. It expands the revenue contribution for the market in the region. In the Asia Pacific region, China has the largest share in the market. APAC food coloring application will reach $21.72 million in 2023, growing at a CAGR of 4.4% during the forecast period. Contact : sales@industryarc.com

  3. Selected Regulatory Analysis Done in the Full Report: Cosmetics is a major application in the Lycopene Market. It improves the general appearance of the face and other parts of the body. Being a powerful antioxidant, lycopene protects the skin from environmental agents responsible for clogged pores. It can even reduce Erythema or skin redness to a large extent. It also soothes rough skin by initiating the growth of new skin cells. Use of high lycopene foods in the diet, in addition to sunscreens, reduces skin damage caused by ultraviolet A and B exposure. It even reduces fatty tissues. Contact : sales@industryarc.com

  4. Excerpts on Market Growth Factors: • Food, beverage, and pharmaceutical industries are the top drivers for the Lycopene Market. • Food coloring agent is the main application of lycopene. It helps in the production of food and beverages without artificial colors. It also provides a better appearance in a safer environment. The absence of toxic chemicals in lycopene boosts its adoption in cosmetic formulations, this factor will drive the Lycopene market. • Ban on trade of synthetic colorants due to health hazards elevates the growth of lycopene products. Contact : sales@industryarc.com

  5. Key Players of the Lycopene Market Bayer AG Hoffmann La Roche Ltd LycoRed DSM Jamieson NBTY General Nutrition Center And 15+ more Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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