India Crocin Market Size & Outlook, 2023-2030
India crocin market, 2018-2030 (US$M)
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India crocin market highlights
- The India crocin market generated a revenue of USD 115.8 million in 2023 and is expected to reach USD 169.6 million by 2030.
- The India 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 115.8 million |
| Market revenue in 2030 | USD 169.6 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, India accounted for 2.4% 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 |
|---|
India 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 95.42% in 2023. Horizon Databook has segmented the India crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
The pandemic and increasing incidence of life-threatening diseases have revealed several flaws in the Indian healthcare infrastructure. The surge in cases has resulted in a staggering demand for paracetamol medicines in the country.
Paracetamol is one of the most commonly used medicines in almost every Indian household. It assists in the treatment of a wide range of health issues, including pain and fever. In the Indian domestic market, thousands of paracetamol brands are available.
However, Dolo 650 has become a highly preferred paracetamol brand, with USD 68.72 million registered in sales since March 2020. The local presence of key players, such as Cipla, Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma, and Sun Pharmaceutical Industries Ltd., is likely to drive the market.
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Our clientele includes a mix of crocin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India crocin market , including forecasts for subscribers. This country databook contains high-level insights into India crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India crocin market size, by purity, 2018-2030 (US$M)
India Crocin Market Outlook Share, 2023 & 2030 (US$M)
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