The tomato lycopene market comprises products containing lycopene extracted from tomatoes. Lycopene is a powerful antioxidant that helps protect cells from free radicals. It has numerous health benefits such as reducing risk of heart diseases and cancer. Rising health awareness about benefits of antioxidants is a major factor driving growth of tomato lycopene products in forms of supplements, oils, cosmetic products etc. Lycopene supplements are widely used to boost immune system and for skin care. tomatoes are a rich source of lycopene and introduction of innovations to improve lycopene content of tomatoes as well as its bioavailability during processing is boosting market expansion.
The Global tomato lycopene market is estimated to be valued at US$ 143.54 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
One of the key drivers of Tomato Lycopene Market Size is growing health consciousness and shift towards preventive healthcare. Lycopene provides numerous health benefits and protects against many diseases. This is raising popularity of lycopene supplements among consumers. Secondly, rising geriatric population prone to age-related diseases and disorders is boosting demand. The antioxidant properties of lycopene make it effective for elderly healthcare. Furthermore, changing lifestyle affecting contemporary health is driving need for natural remedies like tomato lycopene supplements to boost immunity and overall well-being.
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