Watermelon Extract: Vitamin A & Lycopene. Watermelon is an abundant source of Vitamin A, which boosts cell renewal and thereby exhibits an anti-aging effect. Red fleshed watermelons have been noted as the highest source of bio-available Lycopene in nature. Lycopene imparts a red color to tomatoes, watermelon, and red grapefruit. This pigment has strong antioxidant properties, being a highly efficient oxygen radical scavenger.