Lycopene is a food coloring agent and the outstanding antioxidant and anticancer properties of lycopene make it an ideal component for daily food supplements. In this paper, the research advances of lycopene extraction by different techniques in recent ten years were reviewed, including conventional solvent extraction, supercritical CO₂ extraction, enzyme-assisted extraction, ultrasound-assisted extraction, microwave-assisted extraction, ultrasonic-microwave assisted extraction, ultrahigh pressure assisted extraction, and high-intensity pulsed electric fields assisted extraction. The advantages and disadvantages of the techniques were given, which could supply useful information for further research on lycopene and other natural pigments.