TOMATO LYCOPENE MARKET ANALYSIS

Regional Analysis

Global Tomato Lycopene Market Regional Insights

• North America is the largest market for tomato lycopene, accounting for a share of over 30% in 2022. The growth of the market in this region is driven by increasing awareness about the health benefits of lycopene, rising demand for dietary supplements, and growing consumer preference for functional foods.
• Europe is the second-largest market for tomato lycopene, accounting for a share of over 25% in 2022. The growth of the market in this region is driven by similar factors as in North America, as well as by the increasing demand for lycopene-rich food products such as tomato-based sauces and juices.
• Asia Pacific is the fastest-growing market for tomato lycopene, with a CAGR of over 6% during the forecast period. The growth of the market in this region is driven by rising awareness about the health benefits of lycopene, increasing demand for dietary supplements, and growing consumer preference for functional foods.

Figure 1. Global Tomato Lycopene Market Share (%), by Region, 2023

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East