Australia Crocin Market Size & Outlook, 2023-2030
Australia crocin market, 2018-2030 (US$M)
Related Markets
Australia crocin market highlights
- The Australia crocin market generated a revenue of USD 67.8 million in 2023 and is expected to reach USD 99.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.6% 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 67.8 million |
| Market revenue in 2030 | USD 99.1 million |
| Growth rate | 5.6% (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, Australia accounted for 1.4% 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 Asia Pacific, China crocin market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 130.2 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 95.28% in 2023. Horizon Databook has segmented the Australia crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
Paracetamol is widely consumed as a painkiller in Australia, high prevalence of paracetamol overdose. According to recent data, paracetamol overdose causes the hospitalization of approximately nine people per million in Australia for liver injury.
It is responsible for approximately 50 deaths, or two deaths per million, each year. While hospitalization and mortality have not increased in recent years, there has been a significant increase in community-wide misuse.
The overdose of paracetamol is expected to restrain Australia’s market to a certain extent. The presence of a favorable regulatory framework and supportive healthcare policies for targeted diseases are expected to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia crocin market , including forecasts for subscribers. This country databook contains high-level insights into Australia crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia crocin market size, by purity, 2018-2030 (US$M)
Australia Crocin Market Outlook Share, 2023 & 2030 (US$M)
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