Lycopene is found abundantly in vegetables and red fruits including watermelon, tomato, apricots, pink guava, papaya, grapefruit, asparagus, red cabbage, mango and carrots. Lycopene is an antioxidant, which protects the human body from damage caused by compounds called free radicals. Further, Lycopene is known for preventing diseases including hypothesis, cancer (prostate cancer, digestive tract cancer, bladder cancer, skin cancer, breast cancer, and cervical cancer), cardiovascular diseases, osteoporosis and other bone disorders, male infertility, hypertension and other human diseases. Global Lycopene Market is likely to boost in forecast period due to its significant use in the pharmaceutical and food industry. Lycopene also offers benefits in the cosmetics industry.