Japan Crocin Market Size & Outlook, 2023-2030
Japan crocin market, 2018-2030 (US$M)
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Japan crocin market highlights
- The Japan crocin market generated a revenue of USD 134.3 million in 2023 and is expected to reach USD 194.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.5% 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 134.3 million |
| Market revenue in 2030 | USD 194.8 million |
| Growth rate | 5.5% (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, Japan accounted for 2.8% 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 |
|---|
Japan 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 95.53% in 2023. Horizon Databook has segmented the Japan crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
Japan has strict rules pertaining to medicines. Even when it comes to OTC medications, Japan has strict medical regulations. Several medicines available in the U.S. and other countries worldwide are illegal in Japan.
The Japanese government allows the import of paracetamol and general OTC medicines for a 2- month supply, while prescription medications are only for a 1-month supply. Japan has a large geriatric population, which is at high risk of infectious and other diseases that need pain management solutions.
According to the World Bank, in 2022, around 37.44 individuals belonged to the age group of 65 years and above. An increase in R&D on innovative products to offer optimal healthcare and pain management solutions to improve a patient’s overall quality of life is among the key factors contributing to market growth in Japan.
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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 country-level data and insights on the Japan crocin market , including forecasts for subscribers. This country databook contains high-level insights into Japan crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan crocin market size, by purity, 2018-2030 (US$M)
Japan Crocin Market Outlook Share, 2023 & 2030 (US$M)
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