China Crocin Market Size & Outlook, 2023-2030
China crocin market, 2018-2030 (US$M)
Related Markets
China crocin market highlights
- The China crocin market generated a revenue of USD 168.0 million in 2023 and is expected to reach USD 240.9 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% 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 168.0 million |
| Market revenue in 2030 | USD 240.9 million |
| Growth rate | 5.3% (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, China accounted for 3.5% 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 |
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China 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 China crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
China is a major global producer and exporter of paracetamol API, exporting large amounts each year. Its paracetamol export volume increased significantly from 2018 to 2020. China exported paracetamol to over 100 countries and regions worldwide.
It is estimated that Thailand, Indonesia, the Russian Federation, Vietnam, Egypt, France, Bangladesh, Ireland, and Brazil are the major export destinations of paracetamol from China by export volume. Indonesia is the most important destination for Chinese paracetamol exports.
In China, in the end of December 2022, daily production and supply of paracetamol & ibuprofen have more than quadrupled since early December 2022, with daily production now exceeding 190 million tablets. However, the country experienced a shortage of fever-suppressing drugs as COVID-19 incidence increased following the government’s rapid dismantlement of its zero-COVID-19 measures in early December 2022.
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Our clientele includes a mix of crocin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China crocin market , including forecasts for subscribers. This country databook contains high-level insights into China crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China crocin market size, by purity, 2018-2030 (US$M)
China Crocin Market Outlook Share, 2023 & 2030 (US$M)
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