The company will now harvest record volumes of tomatoes following a three year multi-million-dollar investment in new lines, equipment, and process and supply optimisation strategies.
Lycored’s carotenoid formulation capabilities will be a central part of the expansion, driven by a new formulation facility set to open later this year in Branchburg, New Jersey. The new plant will increase the company’s current formulation capacity and support expansion and supply into additional markets.
David Hebel, SVP of Operations at Lycored, said: “The expansion of our lycopene production follows a period of strategic equipment investments and improvements in tomato usage during key harvest periods. These changes will ensure that we have the expertise and the capacity to meet the needs of our customers across the health, food, and beauty ingredient industries.”
Lycored also plans further expansion to its seasonal capacity by working with a third party in the Southern hemisphere to provide higher product availability at different times of the year.
David Hebel added: “Demand for ingestible skincare ingredients is higher than ever and continues to grow as clean label and minimal waste become prerequisite. As manufacturers and developers look to capitalise on these trends, we are ready with our portfolio to support their projects.”
Lycored’s growing capacity will harvest possibilities in health and food applications across plant-based products and beauty-from-within formulations.