Global Crocin Market Size & Outlook, 2023-2030
Global crocin market, 2018-2030 (US$M)
Related Markets
Global crocin market highlights
- The global crocin market generated a revenue of USD 4,798.3 million in 2023 and is expected to reach USD 6,801.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
- In terms of segment, purity>98% accounted for a revenue of USD 4,580.5 million in 2023.
- Purity>98% is the most lucrative purity segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,798.3 million |
| Market revenue in 2030 | USD 6,801.3 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Purity>98% |
| Fastest growing segment | Purity>98% |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Purity>98%, Purity<98% |
Other key industry trends
- In terms of revenue, the North America accounted for 39.5% of the global crocin market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 15.5 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global crocin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to crocin market will help companies and investors design strategic landscapes.
Purity>98% was the largest segment with a revenue share of 95.46% in 2023. Horizon Databook has segmented the Global crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Crocin Purity Outlook (Revenue, USD Million, 2018-2030)
- Purity>98%
- Purity<98%
- Global Crocin Application Outlook (Revenue, USD Million, 2018-2030)
- Food
- Chemical Industry
- Drug
- Pain
- Pyrexia (Fever)
- Others
- Global Crocin Channel Outlook (Revenue, USD Million, 2018-2030)
- Hospital Pharmacy
- Retail Pharmacy
- Others
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Target buyers of Global crocin market databook
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Our clientele includes a mix of crocin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global crocin market , including forecasts for subscribers. This global databook contains high-level insights into Global crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global crocin market size, by regions, 2018-2030 (US$M)
Top 10 countries: Crocin market size, 2023 (US$M)
Global crocin market share, by purity, 2023 & 2030 (%, US$M)
Crocin market: Opportunity assessment by country
Global crocin market, by region, 2023 (US$M)
| Purity | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,356.6 | 1,441.3 | 1,679.5 | 1,706.3 | 1,798.7 | 1,894.9 | 1,994.9 | 2,098.8 | 2,206.6 | 2,318.4 | 2,434.2 | 2,554.2 | 2,678.2 | 5.1% |
| Europe | 1,167.5 | 1,240.6 | 1,445.8 | 1,469.2 | 1,549.0 | 1,632.1 | 1,718.5 | 1,808.2 | 1,901.4 | 1,998.1 | 2,098.2 | 2,201.9 | 2,309.2 | 5.1% |
| Asia Pacific | 545.3 | 582.0 | 681.3 | 695.3 | 736.3 | 779.2 | 824.0 | 870.8 | 919.6 | 970.5 | 1,023.5 | 1,078.6 | 1,136.0 | 5.5% |
| Latin America | 218.4 | 232.1 | 270.6 | 275.0 | 290.0 | 305.7 | 321.9 | 338.8 | 356.4 | 374.6 | 393.5 | 413.0 | 433.2 | 5.1% |
| MEA | 140.3 | 147.6 | 170.3 | 171.3 | 178.8 | 186.5 | 194.3 | 202.3 | 210.5 | 218.8 | 227.3 | 235.9 | 244.7 | 4.0% |
| Overall | 3,428.1 | 3,643.7 | 4,247.5 | 4,317.2 | 4,552.9 | 4,798.3 | 5,053.6 | 5,318.9 | 5,594.4 | 5,880.3 | 6,176.7 | 6,483.6 | 6,801.3 | 5.1% |
Related regional statistics
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