Argentina Crocin Market Size & Outlook, 2023-2030
Argentina crocin market, 2018-2030 (US$M)
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Argentina crocin market highlights
- The Argentina crocin market generated a revenue of USD 37.6 million in 2023 and is expected to reach USD 53.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, purity>98% was the largest revenue generating purity in 2023.
- Purity>98% is the most lucrative purity segment registering the fastest growth during the forecast period.
Crocin market data book summary
| Market revenue in 2023 | USD 37.6 million |
| Market revenue in 2030 | USD 53.5 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Purity>98% |
| Fastest growing segment | Purity>98% |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Purity>98%, Purity<98% |
| Key market players worldwide | Merck KGaA, GSK PLC, Cipla Ltd DR, Novartis AG ADR, Sanofi SA, Aurobindo Pharma, Teva Pharmaceutical Industries Ltd, Mallinckrodt PLC Ordinary Shares - New, Cayman Chemical, Tokyo Chemical Industry, APExBIO Technology, Wilshire Technologies, Biosynth |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global crocin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil crocin market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 95.7 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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 95.48% in 2023. Horizon Databook has segmented the Argentina crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
In Argentina, paracetamol can be purchased OTC from a pharmacy or in combination or higher doses when prescribed by a doctor. Constant developments by market players, such as geographic expansion and launch of new products, contribute to market growth in Argentina.
The increasing patient pool, growing awareness, and key players’ initiatives are some of the major factors driving the crocin market in Argentina. The market is mainly driven by the strong local presence of pharmaceutical players, such as Roemmers, Bagó, and Gador, involved in the production & distribution of paracetamol.
Moreover, the Argentinian Generic and Biosimilar Pharmaceutical Manufacturers Association is motivating local pharmaceutical manufacturers to increase the production of generic drugs for treating different healthcare conditions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina crocin market , including forecasts for subscribers. This country databook contains high-level insights into Argentina crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina crocin market size, by purity, 2018-2030 (US$M)
Argentina Crocin Market Outlook Share, 2023 & 2030 (US$M)
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