The global lycopene food colors market is with a projected increase of US$ 84 million in 2022 and US$ 257 million in 2032, at a compound annual growth rate (CAGR) of 10.7% between 2022 and 2032. The increasing usage of lycopene food colouring in beverages, packaged foods, dairy products, confections and baked goods, and cosmetics are some of the key factors boosting the demand for this food colouring. Additionally, there is a rising market for clean label and natural products.
Among the pigments that are naturally present in fruits, vegetables, algae, and fungi is lycopene. When ingested, it acts as an antioxidant, shielding the body from damage caused by free radicals. The market for lycopene is expected to increase significantly over the course of the projected period due to growing consumer awareness of the supplement’s potential health benefits and the increasing demand for natural food coloring.
Elevate Your Insights: Dive into the Lycopene Food Colors Market with a Sample Report Today:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15286
Manufacturing industries are adding lycopene colors in their food products as consumers are shifting their preference towards natural and organic food items to maintain overall health.
Lycopene, like natural food colorants, is remedial in nature and is known for preventing several diseases including hypothesis, cancer, cardiovascular diseases, osteoporosis, other bone disorders, male infertility, hypertension, and other human diseases.
The global lycopene market is likely to boost in the forecasted period of the next ten years due to its significant use in the pharmaceutical and food industry. Lycopene also offers benefits in the cosmetics and personal care industry.
An increase in consumer discretionary income in regions such as the Asia Pacific, the Middle East, and Africa has made it easier for customers to consume new and unique food products that are sourced from plants. The consumption pattern of consumers is inclining toward healthy and organic food products, which is impacting the food and beverage category, as well as the lycopene food colors market.
Key Takeaways from Market Study
- By nature, organic segment is likely to be the most remunerative in the global lycopene food colors market during the forecast period.
- By application, the beverages segment is expected to hold the largest share of the global lycopene food colors market while the bakery and confectionery segment is expected to grow at a CAGR of 9.5% throughout the forecast period.
- The lycopene food colors markets in North America and Latin America are poised to expand at a CAGR of 8.02% and 7.9% respectively, through 2032.
- Europe lycopene food colors market stands at 590 metric tons by volume and nearly US$ 23 Mn by value. Furthermore, demand for lycopene food colors in the region is expected to grow at 8.9% CAGR between 2022 and 2032.
- The U.S. lycopene food colors market is expected to grow at a CAGR of 8.34% during the forecast period.
“Manufacturers of lycopene food colors would gain significant profits by targeting the organic food and beverage and dietary supplements industries. They should also strive to achieve higher production volumes, in order to provide lycopene food colors at more affordable rates to food processing industries,” says a Future Market Insights analyst.
Connect with Our Expert Analysts to Explore the Lucrative Opportunities in the Lycopene Food Colors Market Across Nature, Applications, and Regions :
https://www.futuremarketinsights.com/ask-question/rep-gb-15286
Competitive Landscape
Some key market participants are Chr. Hansen, Koninklijke DSM N.V., Hoffmann-La roche Ltd., General nutrition center company, Jamieson laboratories Ltd., San-Ei Gen, Licofarma S.r.l., Dangshan sinojuice food, DSM, BASF, Kagome, Xi’an lyphar biotech corp, LycoRed, Kagome, Tomatia, Wellgreen Technology, Shaanxi huike botanical development Co. Ltd., Royal DSM N.V., NBTY, and Bayer AG, among other prominent players.
The market for lycopene food colors has several big names who are primarily converging on developing advanced versions of lycopene mainly for increasing its end-use in various industries. They are also striving to achieve economies of scale in order to substitute synthetic red colors in food processing industries.
Lycopene Food Colors Market Taxonomy
By Nature:
- Organic
- Conventional
By Form:
- Powder
- Capsule
- Syrup
By Application:
- Bakery & Confectionery Products
- Beverages
- Packaged Food/Frozen Products
- Dairy Food Products
- Cosmetics
- Others
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Enhance Your Market Strategy: Secure Your Exclusive Access to Market Insights – Buy Now :
Use promo code ->> FMITODAY to get flat 20% discount
Frequently Asked Questions
- How big is the lycopene food colors Market?
- How much does lycopene food colors market contribute to the natural food colors Market?
- What are the key trends shaping lycopene food colors market?
- At what rate will lycopene food colors demand grow in Europe?
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs