Europe Crocin Market Size & Outlook, 2023-2030
Europe crocin market, 2018-2030 (US$M)
Related Markets
Europe crocin market highlights
- The Europe crocin market generated a revenue of USD 1,632.1 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,632.1 million |
| Market revenue in 2030 | USD 2,309.2 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% |
| 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, Europe region accounted for 34.0% of the global crocin market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,136.0 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 95.39% in 2023. Horizon Databook has segmented the Europe crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
The Europe crocin market growth can be attributed to the increasing prevalence of migraines & headaches and the increasing adoption of a combination of acetaminophen with caffeine, opioids, and other pharmaceutical drugs to manage pain & fever.
In Europe, 51% of adults reported headaches, 14% reported migraine, and 4% reported chronic headaches. Migraines and, to a lesser extent, headaches are common during the most productive years of adulthood, between the ages of 20 and 50 years.
German or Swiss companies manufactured most drugs recently consumed in the U.S. On the other hand, the growing local presence of key market players is expected to propel the market over the coming years.
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Our clientele includes a mix of crocin market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe crocin market , including forecasts for subscribers. This continent databook contains high-level insights into Europe crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe crocin market size, by country, 2018-2030 (US$M)
Europe Crocin Market Outlook Share, 2023 & 2030 (US$M)
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