Middle East and Africa Lycopene Market by Source (Synthetic and Natural), Application (Dietary Supplements, Food, Pharmaceuticals, and Personal Care Products), Form (Beadlets, Oil Suspension, Emulsifiers, and Powder), Property (Health Ingredient and Coloring Agents), and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2024 to 2029)

Updated On: January, 2024
ID: 9870
Pages: 136

Middle East and Africa Lycopene Market Growth and Forecast (2023 - 2028):

The Middle East and Africa Lycopene Market was worth US$ xx million in 2022 and is determined to reach a valuation of US$ xx million by 2028 with a considerable annual growth rate between 2023 and 2028.

Market Overview:

Lycopene is regular shade that gives a few vegetables and organic products their red shading. Lycopene is a carotenoid and phytonutrient substance which is found in the tomato species known as Solanum Lycopersicon, for the most part present in Middle East and Africa areas. Lycopene is found in high sums in tomato and tomato-based items as contrasted and different products of the soil. Lycopene is principally present in red products of the soil which incorporates tomatoes, watermelon, papaya, guava, sweet red peppers, mango, carrots, red cabbage, and pink grapefruits. Lycopene is a basic compound which is liable for the red shading in these nourishments. Lycopene present in the blood and greasy tissues in the body lessens the danger of malignant growth, coronary illness and age-related macular degeneration. It is a basic cancer prevention agent for the human body which helps in shielding from degenerative illnesses. Lycopene additionally helps in anticipation of DNA harm in the cells alongside helping them to work better in the body. Lycopene is helpful in assurance against stomach, colon, and lung and skin malignancy. It helps in decreasing the danger of arteriosclerosis and shields skin from UV harm introduction. It is for the most part utilized in creams and moisturizers for against maturing.

Recent Developments in Middle East and Africa Lycopene Industry:

  • In June 2019, DDW obtained the characteristic shading business from DuPont's Nutrition and Biosciences division to extend its worldwide reach and to include assembling and specialized traits in new regular hues.

Middle East and Africa Lycopene Market Growth:

The market is basically determined by the expanding number of advantages offered by lycopene in preventive social insurance and its rising applications in a variety of ventures.

Drivers:

Expanding predominance of prostate malignant growth, combined with rising mindfulness in regards to advantages of lycopene and related items for relieving prostate disease to a limited degree is foreseen to support target advertise development as Middle East and Africa Lycopene business can incite apoptosis and can repress multiplication of malignancy cells. Lycopene is one of the non-poisonous shade hues, along these lines, which is broadly utilized in the food business. Likewise, expanding interest for natural items is bringing about the rising focal point of makers to create natural based items, for example, natural lycopene that are lined up with buyer necessities. Lycopene is a cancer prevention agent and has numerous utilizations in the food, pharmaceutical, creature sustenance, and practical enterprises. The main factor in the Middle East and Africa Lycopene advertise is a developing interest for naturally based lycopene items that contain hostile to malignancy properties that ensure against degenerative ailments. As lycopene use increments in different businesses, the Middle East and Africa Lycopene showcase is required to see solid development during the conjecture time frame. Likewise, as interest for natural items builds, makers are concentrating on creating natural items like natural lycopene to address shopper issues. Middle East and Africa Lycopene is a dietary carotenoid cancer prevention agent and has as of late prepared for action as a plant substance that assumes an advantageous job in human wellbeing. As enthusiasm for individual excellence expands, business development is relied upon to quicken as interest for regular beauty care products increments. Lycopene promotes cell reinforcement and has different applications in food, pharmaceutical, animal feed, and practical food businesses. The previously mentioned are main considerations expected to drive income of the Middle East and Africa Lycopene market over the 10-year estimate period.

Developing interest for regular based makeup, combined with developing worries about excellence among people is relied upon to fuel this industry development. Alongside expanding the use of lycopene in different enterprises, the Middle East and Africa market is foreseen to watch vigorous development over the estimated time frame. The other driving variables for Middle East and Africa Lycopene market is the rising interest for common colorants in ready to-eat meat items, combined with the development of end-use utilizations of lycopene in food and refreshment enterprises, beauty care products and pharmaceuticals. The Middle East and Africa Lycopene market is driven by elements like expanding interest for natural-based lycopene items which contains hostile to malignancy properties that secures against degenerative maladies. As lycopene use increments in different ventures, the Middle East and Africa Lycopene market is foreseen to see solid development during the estimated time frame. Lycopene's maturing benefits are a significant thrust in expanding request in the restorative business. Lycopene has gigantic open doors in three fundamental enterprises, and with appropriate R&D, the Middle East and Africa Lycopene market will develop later on.

Restraints:

Accessibility of substitutes, for example, other engineered shading operators at sensible expense and absence of mindfulness about advantages and uses of lycopene are main considerations that could control the development of the Middle East and Africa Lycopene Market.

Middle East and Africa Lycopene Market Segmentation Analysis:

By source: Among the available portions, the natural lycopene segment is foreseen to develop at a critical rate in the Middle East and Africa Lycopene market, because of expanding mindfulness and interest for natural food and organic items, as these items are hostile to malignant growth properties that secure against degenerative sicknesses, and natural lycopene is made by utilizing common solvents and characteristic crude materials.

By Form: Among the fragments, the emulsifiers segment is foreseen to represent moderate offer as far as income in the Middle East and Africa Lycopene market. The powdered type of lycopene is required to pick up prevalence in the years to come and bolster the development of the section.

By Application: Among the segments, the food application is relied upon to represent the most elevated income share in the coming years. The pharmaceutical application is anticipated to enroll the prominent income development rate in the Middle East and Africa Lycopene market over the 10-year time frame. Moreover, lycopene goes about as an enemy of oxidant that can be utilized for the treatment of cancer-causing agents. Lycopene is additionally utilized in the development of medications that are used in the treatment of tumor and cardiovascular sicknesses.

By Property: The regional market is bifurcated into health ingredient and coloring agents.

Regional Analysis:

The Middle East and Africa Lycopene market is foreseen to develop at a respectably consistent development rate in the 10-year time frame. This is because of consistently developing food and pharmaceuticals enterprises in both the local industries and high utilization of meat items in Middle East and Africa Lycopenemarket. Variables driving development of the Middle East and Africa market incorporate good repayment arrangements by governments in nations in the area, and all around social insurance framework.

Key Players in the Market:

Major key Players in the MEA Lycopene Market are

  • Bayer AG
  • LycoRed
  • Koninklijke DSM N.V
  • BASF SE
  • NBTY
  • Xi'an Lyphar Biotech Corp
  • Tomatia
  • Kagome
  • Hoffmann-La Roche Ltd
  • Wellgreen Technology
  • Chr. Hansen
  • General Nutrition Center
  • DSM Company.

 

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