Saudi Arabia Lycopene Market
SPECIAL OFFER: 25% Super Discount For All !
![](https://www.blueweaveconsulting.com/assets/front/images/cover-new-3.png)
Saudi Arabia Lycopene Market, By Source (Natural Lycopene, Synthetic Lycopene, Organic Lycopene); By Form (Powder, Syrup, Capsule); By Grade (Pharmaceutical Grade, Food Grade); By End User (Food and Beverages Industry, Cosmetic and Personal Care Industry, Dietary Supplements and Functional Foods, Animal Nutrition, Pharmaceutical Industry); By Region (Central, Southern, Northern, Eastern, Western), Trend Analysis, Competitive Landscape & Forecast, 2022–2028
- Published Date: January 2023
- Report ID: BWC22563
- Available Format: PDF
- Page: 107
Report Overview
Growing awareness of health benefits related to natural food colors such as lycopene, its increasing adoption by various industries, and high disposable income are projected to propel the expansion of Saudi Arabia Lycopene Market during the forecast period between 2022 and 2028.
Saudi Arabia Lycopene Market - Industry Trends & Forecast Report, 2028
Saudi Arabia Lycopene Market size is expected to expand at a CAGR of 7.1% during the forecast period between 2022 and 2028. The growth of Saudi Arabia lycopene market is driven by increasing adoption of lycopene by an array of industries, growing awareness of health benefits related to natural food colors and high disposable income. Consumption of fast food and the adoption of unhealthy lifestyles have increased lycopene use in the form of nutraceutical supplements, which will drive the lycopene market expansion. The surging demand for natural colorants and functional components from various sectors, as well as technological advancements associated with the production and extraction of lycopene compounds, are other macroeconomic factors positively driving the Saudi Arabia lycopene market. Another important element is the increased use of carotenoids in cosmetics, which will enhance the growth rate of the lycopene market. The increasing number of applications in nutritional and food products would also further drive Saudi Arabia lycopene market during the period in analysis.
Saudi Arabia Lycopene Market
Growth Drivers
Increasing use of lycopene in various products
Lycopene is increasingly used in a wide range of industries, including dietary supplements, food, personal care and beautifiers, and pharmaceuticals because of its qualities, which primarily include being a health ingredient, followed by serving as a coloring agent. The wellbeing ingredient property is accounted for the majority of Saudi Arabia lycopene market. The coloring operator property is affordable, due to the limited use of lycopene as a coloring specialty in the food industry. Likewise, the usage of lycopene as a health component are expanding, which is expected to aid in the growth of lycopene market in Saudi Arabia.
Restraints
Availability of alternatives
The availability of substitute items, such as synthetic food colors, is expected to limit the growth of the lycopene market. The high costs incurred throughout the processing and extraction procedure are also expected to stymie industry expansion.
Impact of COVID -19 on Saudi Arabia Lycopene Market
COVID-19 had a detrimental effect on lycopene market due to imposition of stringent lockdown norms and supply chain disruptions. To survive in the current environment, most large multinational corporations were downsizing. The pharmaceutical and cosmetic industries have been severely impacted such as negative influence on consumer expenditure, resulting in decreasing use of various cosmetic goods. It has also hampered vegetable and fruit crops. Additionally, productivity is decreased due to a scarcity of water and other resources. As a result, the lycopene market is likely to have a mild impact on the market following the recovery from COVID-19. However, nutritional supplement and pharmaceutical sales are likely to rise because of the increased sense of personal care.
Saudi Arabia Lycopene Market
Segmental Coverage
Saudi Arabia Lycopene Market – By Source
Based on source, Saudi Arabia lycopene market is divided into Natural Lycopene, Synthetic Lycopene, and Organic Lycopene. The organic lycopene is expected to hold the highest market share during the forecast period. The market expansion is attributed to growing awareness and preference for organic food and natural products, as organic-based lycopene products offer anti-cancer characteristics that guard against degenerative diseases, and organic lycopene is produced employing natural solvents and natural raw ingredients.
Saudi Arabia Lycopene Market – By Form
Based on form, Saudi Arabia lycopene market is divided into Powder, Syrup, and Capsule segments. The syrup segment is forecast to dominate the Saudi Arabia lycopene market by form. The powder form segment is expected to be the second largest segment in the market.
Saudi Arabia Lycopene Market – By Grade
Based on grade, Saudi Arabia lycopene market is bifurcated into Pharmaceutical Grade and Food Grade segments. The pharmaceutical grade segment is expected to hold a higher market share, due to a surging demand for products associated with health and dietary improvement. Majority of consumers have been actively seeking ways to improve their health and immune systems. Lycopene is one of the most powerful antioxidants, with numerous health benefits including lower risk of certain cancer types, protection from damaging sun rays, and significantly improved cardiac condition. The incidence of heart disease has increased dramatically because of the increasing sedentary lifestyle and added work pressure, and the availability of lycopene as a health ingredient could have a beneficial effect on the growth of the lycopene market in Saudi Arabia.
Saudi Arabia Lycopene Market – By End User
Based on end user, Saudi Arabia lycopene market is segmented into Food and Beverages Industry, Cosmetic and Personal Care Industry, Dietary Supplements and Functional Foods, Animal Nutrition, and Pharmaceutical Industry. The dietary supplements segment is expected to hold the highest market share. Dietary supplements are becoming increasingly popular among the idealistic population in both developed and developing countries. Lycopene is an important component of the dietary supplements that people take on a regular basis. Similarly, it is estimated that dietary supplement adoption will skyrocket in the coming years. As a result, lycopene's critical position in dietary supplement application due to its health benefits is expected to drive growth during the forecast period.
Saudi Arabia Lycopene Market – By Region
Geographically, Saudi Arabia lycopene market is segregated into Central, Southern, Northern, Eastern, and Western regions.
Competitive Landscape
Major players operating in Saudi Arabia lycopene market include Bayer AG, General nutrition center, Döhler, Noreva Biotech, GULFOOD Manufacturing, Merck KGaA, BASF, Kagome, DSM Company, and Hoffmann-La Roche Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2018–2021 |
Base Year – 2021 |
|
Estimated Year – 2022 |
|
Forecast Period– 2022–2028 |
|
Facts Covered |
Revenue in USD billion |
Market Coverage |
Saudi Arabia |
Product/ Service Segmentation |
Source, Form, Grade, End User, Region |
Key Players |
Bayer AG, General nutrition center, Döhler, Noreva Biotech, GULFOOD Manufacturing, Merck KGaA, BASF, Kagome, DSM Company, Hoffmann-La Roche Ltd |
By Source
-
Natural Lycopene
-
Synthetic Lycopene
-
Organic Lycopene
By Form
-
Powder
-
Syrup
-
Capsule
By Grade
-
Pharmaceutical Grade
-
Food Grade
By End User
-
Food and Beverages Industry
-
Cosmetic and Personal Care Industry
-
Dietary Supplements and Functional Foods
-
Animal Nutrition
-
Pharmaceutical Industry
By Region
-
Central
-
Southern
-
Northern
-
Eastern
-
Western
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Lycopene Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising consumption of lycopene by array of industries
- Rising awareness regarding health benefits of natural food colors
- Increase in disposable income
- Restraints
- Stringent regulatory norms in terms of development and commercialization of lycopene
- Opportunities
- Rising customer preference for natural products
- Technological advancements linked with the development and extraction of lycopene compounds
- Challenges
- High storage costs
- Stability issues
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Lycopene Market Overview
- Market Size & Forecast, 2018–2028
- By Value (USD Million)
- Market Share & Forecast
- By Source
- Natural Lycopene
- Synthetic Lycopene
- Organic Lycopene
- By Form
- Powder
- Syrup
- Capsule
- Others
- By Grade
- Pharmaceutical Grade
- Food Grade
- By End User
- Food and Beverages Industry
- Cosmetic and Personal Care Industry
- Dietary Supplements and Functional Foods
- Animal Nutrition
- Pharmaceutical Industry
- By Region
- Central
- Southern
- Northern
- Eastern
- Western
- By Source
- Market Size & Forecast, 2018–2028
- Competitive Landscape
- List of Key Players and Their Range
- Saudi Arabia Lycopene Company Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership)
- Impact of Covid-19 on Saudi Arabia Lycopene Market Industry
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- Bayer AG
- General nutrition center
- Döhler
- Noreva Biotech
- GULFOOD Manufacturing
- Merck KGaA
- BASF
- Kagome
- DSM Company
- Hoffmann-La Roche Ltd.
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
List of Figures
Figure 1 Saudi Arabia Lycopene Segmentation
Figure 2 Saudi Arabia Lycopene Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Saudi Arabia Lycopene Market Size, By Value (USD Million), 2018–2028
Figure 5 Saudi Arabia Lycopene Market Share, By Source, By Value, 2018–2028
Figure 6 Saudi Arabia Lycopene Market Share, By Form, By Value, 2018–2028
Figure 7 Saudi Arabia Lycopene Market Share, By Grade, By Value, 2018–2028
Figure 8 Saudi Arabia Lycopene Market Share, By End User, By Value, 2018–2028
Figure 9 Saudi Arabia Lycopene Market Share, By Region, By Value, 2018–2028.
List of Tables
Table 1 Saudi Arabia Lycopene Market Size, By Source, By Value, 2018–2028
Table 2 Saudi Arabia Lycopene Market Size, By Form, By Value, 2018–2028
Table 3 Saudi Arabia Lycopene Market Size, By Grade, By Value, 2018–2028
Table 4 Saudi Arabia Lycopene Market Size, By End User, By Value, 2018–2028
Table 5 Saudi Arabia Lycopene Market Size, By Region, By Value, 2018–2028
Table 6 Bayer AG Company Company Overview
Table 7 Bayer AG Company Financial Overview
Table 8 General Nutrition Center Company Overview
Table 9 General Nutrition Center Financial Overview
Table 10 Döhler Company Overview
Table 11 Döhler Financial Overview
Table 12 Noreva Biotech Company Overview
Table 13 Noreva Biotech Financial Overview
Table 14 GULFOOD Manufacturing Company Overview
Table 15 GULFOOD Manufacturing Financial Overview
Table 16 Merck KGaA Company Overview
Table 17 Merck KGaA Financial Overview
Table 18 BASF Company Overview
Table 19 BASF Financial Overview
Table 20 Kagome Company Overview
Table 21 Kagome Financial Overview
Table 22 DSM Company Overview
Table 23 DSM Company Financial Overview
Table 24 Hoffmann-La Roche Ltd Company Overview
Table 25 Hoffmann-La Roche Ltd Financial Overview
Market Segmentation
By Source
-
Natural Lycopene
-
Synthetic Lycopene
-
Organic Lycopene
By Form
-
Powder
-
Syrup
-
Capsule
By Grade
-
Pharmaceutical Grade
-
Food Grade
By End User
-
Food and Beverages Industry
-
Cosmetic and Personal Care Industry
-
Dietary Supplements and Functional Foods
-
Animal Nutrition
-
Pharmaceutical Industry
By Region
-
Central
-
Southern
-
Northern
-
Eastern
-
Western
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.