Germany Crocin Market Size & Outlook, 2023-2030
Germany crocin market, 2018-2030 (US$M)
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Germany crocin market highlights
- The Germany crocin market generated a revenue of USD 351.9 million in 2023 and is expected to reach USD 489.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.8% 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 351.9 million |
| Market revenue in 2030 | USD 489.6 million |
| Growth rate | 4.8% (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, Germany accounted for 7.3% 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 Europe, Germany crocin market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 264.7 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 95.45% in 2023. Horizon Databook has segmented the Germany crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
Paracetamol is a widely consumed drug for pain treatment. However, OTC medications, such as paracetamol, are not commonly available in German drugstores or supermarkets. According to German law, only pharmacies can sell OTC or nonprescription drugs in Germany, with few exceptions.
The market growth in the country can be attributed to the high prices associated with drugs. In Germany, pharmacies have complete pricing freedom, contributing to the high price of pain relievers. The healthcare expenditure in Germany is considered the highest in Europe, accounting for 12.7% of the country’s GDP in 2022, according to the OECD Health Statistics 2023.
Moreover, well-established healthcare infrastructure and increasing government initiatives to improve healthcare facilities facilitate market growth. Germany has a large number of institutes & universities actively promoting the adoption of various drugs, boosting revenue generation.
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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 Germany crocin market , including forecasts for subscribers. This country databook contains high-level insights into Germany crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany crocin market size, by purity, 2018-2030 (US$M)
Germany Crocin Market Outlook Share, 2023 & 2030 (US$M)
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