The US lycopene market is set to accelerate from USD 134 million in 2020 to an estimated USD 290 million by 2035, reflecting a robust CAGR driven by strong demand from food & beverages, dietary supplements, and cosmetics. The period between 2025 and 2030 is anticipated to be especially significant, with adoption of innovative technologies and entrance of new players augmenting market value. The market’s consistent growth highlights its expanding role in preventive healthcare and wellness.
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The food and beverage segment dominates lycopene applications in the US, accounting for the highest share in 2025 due to the rising incorporation of lycopene as a natural food colorant and fortification agent. Dietary supplements continue as a key application, spurred by demand for antioxidant-enriched products. Pharmaceuticals and cosmetics follow closely, driven by clinical evidence supporting lycopene’s health and skin benefits. Other applications include animal feed and niche nutraceuticals, together reflecting the ingredient’s versatile utility.
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Who are the key players in US Lycopene Market industry?
The top 5 players in the US Lycopene Market include DSM Nutritional Products, BASF SE, Givaudan (Naturex), Chr. Hansen Holding A/S, and Lycored Ltd. These companies are recognized for their strong portfolios, innovative product offerings, and widespread presence in the food, nutraceutical, and pharmaceutical sectors.
What is the US Lycopene Market growth?
The US Lycopene Market has seen notable growth, projected at a CAGR of over 5% from 2023 to 2028. Recent expansion is driven by DSM Nutritional Products, which has increased production capacity and invested in sustainable sourcing due to rising demand in health supplements and functional foods.
Which segment accounted for the largest US Lycopene Market share?
The dietary supplements segment accounted for the largest share of the US Lycopene Market. Increased consumer awareness of lycopene’s health benefits, such as antioxidant and cardiovascular support, has led to substantial incorporation of the ingredient in supplement formulations by companies like Lycored Ltd and BASF SE.
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