• In November 2022, Lycopene International strategically acquired LycoRed Ltd., bolstering its portfolio of high‑quality lycopene ingredients and extending its global market penetration.

• In 2021, Allied Biotech Corporation launched a cutting‑edge liposomal lycopene formulation, significantly improving bioavailability and targeted delivery for food and dietary supplement applications.

In this report, the Lycopene Market has been segmented by Source, Property, Form, Application , and Geography.

Lycopene Market, Segmentation by Source

The Lycopene Market has been segmented by Source into Synthetic and Natural.

Synthetic

The synthetic lycopene segment is primarily used in processed foods, cosmetics, and pharmaceutical applications due to its cost efficiency and consistent quality. It currently accounts for nearly 35% of the global market. However, concerns over chemical origins and the rising demand for natural ingredients are gradually shifting preferences away from synthetic sources.

Natural

The natural lycopene segment dominates the market, contributing over 65% of the total share. Extracted mainly from tomatoes, watermelons, and pink grapefruits, this form is widely used in dietary supplements, functional foods, and nutricosmetics. Consumers' growing inclination toward plant-based and clean-label products continues to drive robust growth in this segment.

Lycopene Market, Segmentation by Property

The Lycopene Market has been segmented by Property into Health Ingredient and Coloring Agent.

Health Ingredient

The health ingredient segment dominates the lycopene market, accounting for over 60% of the global share. Lycopene is widely recognized for its potent antioxidant properties, supporting heart health, skin protection, and reducing the risk of chronic diseases. It is extensively used in dietary supplements, nutraceuticals, and functional foods, driven by growing health awareness and demand for natural wellness products.

Coloring Agent

As a coloring agent, lycopene is valued for its vibrant red hue and is commonly used in beverages, confectionery, bakery products, and processed foods. This segment contributes about 40% to the global market. The rising preference for natural colorants over synthetic dyes in food and cosmetic applications is enhancing the growth potential of this segment.

Lycopene Market, Segmentation by Form

The Lycopene Market has been segmented by Form into Bead Lets, Oil Suspension, Powder, and Emulsion.

Bead Lets

Bead lets form of lycopene is widely used for its enhanced stability and controlled-release properties. It is especially suited for fortified foods and dietary supplements, as the coating protects lycopene from degradation. This form represents around 30% of the market and is favored in applications that require long shelf life and consistent nutrient delivery.

Oil Suspension

Oil suspension lycopene is commonly used in softgel capsules and liquid formulations due to its high bioavailability. It is ideal for both nutraceutical and cosmetic applications, offering easy absorption and improved effectiveness. This segment holds about 25% of the market, with steady demand driven by consumer preference for ready-to-use formats.

Powder

The powder form of lycopene is versatile and widely used across functional foods, pharmaceuticals, and animal nutrition. It accounts for nearly 30% of the market. Its ease of integration into various formulations and transport-friendly nature make it a popular choice for bulk manufacturing and product customization.

Emulsion

Emulsion lycopene is gaining popularity in the beverage and personal care sectors for its water-dispersible nature and enhanced solubility. Although it currently contributes less than 15% of the market, innovations in liquid supplements and natural skincare are expected to drive growth in this segment.

Lycopene Market, Segmentation by Application

The Lycopene Market has been segmented by Application into Dietary Supplements, Food & Beverages, Personal Care Products, and Pharmaceuticals.

Dietary Supplements

Dietary supplements represent the largest application segment of the lycopene market, accounting for over 40% of the global share. Lycopene’s strong antioxidant capabilities and its benefits for heart health, eye health, and prostate wellness make it a preferred ingredient in capsules, softgels, and multivitamins. Rising health consciousness is fueling growth in this category worldwide.

Food & Beverages

The food & beverages segment utilizes lycopene both as a natural colorant and a functional ingredient. It is commonly found in soups, sauces, juices, and confectionery items. This segment holds about 30% of the market, driven by the increasing demand for clean-label ingredients and functional foods that support overall wellness.

Personal Care Products

Lycopene is increasingly used in skincare and cosmetic formulations for its anti-aging, UV protection, and skin-repairing properties. This segment accounts for nearly 15% of the market. As demand for natural and antioxidant-rich beauty products rises, lycopene’s presence in the personal care industry continues to expand.

Pharmaceuticals

In the pharmaceutical industry, lycopene is recognized for its potential role in preventing cardiovascular diseases, cancer, and other oxidative stress-related conditions. This segment comprises about 15% of the global market. Its therapeutic value in preventive medicine is encouraging ongoing research and increased adoption in pharmaceutical formulations.

Lycopene Market, Segmentation by Geography

In this report, the Lycopene Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Lycopene Market Share (%), by Geographical Region

North America

North America holds a significant share of the lycopene market, contributing over 30% of the total. The region benefits from a well-established nutraceutical industry, strong consumer awareness about preventive healthcare, and increasing demand for natural antioxidants. The U.S. is the primary driver, especially in dietary supplements and functional foods.

Europe

Europe is a mature market for lycopene, accounting for approximately 25% of global consumption. The region places a high emphasis on clean-label and plant-based ingredients, especially in cosmetics and functional beverages. Countries like Germany, France, and the UK are leading consumers due to regulatory support for natural health products.

Asia Pacific

Asia Pacific is the fastest-growing region in the lycopene market, making up around 30% of the global share. Rapid urbanization, rising health awareness, and growing demand for functional foods in countries like China, India, and Japan are driving the expansion. The region is also emerging as a major hub for lycopene production and processing.

Middle East and Africa

The Middle East and Africa region is showing gradual growth, supported by increased investment in the healthcare and nutraceutical sectors. Although currently accounting for less than 10% of the global market, this region holds long-term potential, particularly in the Gulf countries and South Africa.

Latin America

Latin America is an emerging player in the lycopene market, driven by growing demand for natural ingredients in dietary supplements and food applications. Brazil and Mexico are key markets, supported by a rising middle-class population and increased focus on nutritional wellness. The region currently contributes about 8–10% to global market revenue.