Mexico Crocin Market Size & Outlook, 2023-2030
Mexico crocin market, 2018-2030 (US$M)
Related Markets
Mexico crocin market highlights
- The Mexico crocin market generated a revenue of USD 66.4 million in 2023 and is expected to reach USD 95.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.4% 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 66.4 million |
| Market revenue in 2030 | USD 95.7 million |
| Growth rate | 5.4% (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, Mexico accounted for 1.4% 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 Latin America, Brazil crocin market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 95.7 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 Mexico crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
According to WHO and Worldwide Hospice and Palliative Care Alliance estimates, more than half of the 600,000 people who die in Mexico each year require palliative care, which frequently includes pain management.
Mexico introduced a new system for prescribing medication in June 2015, which is expected to significantly improve healthcare for people with advanced illnesses and need for strong prescription pain medication.
Mexico’s proximity to the U.S. is expected to create major opportunities as it provides access to modern healthcare tools, technologies, and human resources. Moreover, the geriatric population in Mexico accounts for 7% of its total population, slightly lower than Argentina’s 11% and Brazil’s 9%.
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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 Mexico crocin market , including forecasts for subscribers. This country databook contains high-level insights into Mexico crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico crocin market size, by purity, 2018-2030 (US$M)
Mexico Crocin Market Outlook Share, 2023 & 2030 (US$M)
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