North America Crocin Market Size & Outlook, 2023-2030
North America crocin market, 2018-2030 (US$M)
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North America crocin market highlights
- The North America crocin market generated a revenue of USD 1,894.9 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,894.9 million |
| Market revenue in 2030 | USD 2,678.2 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, North America region accounted for 39.5% 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 |
|---|
North America 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 95.55% in 2023. Horizon Databook has segmented the North America crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
North America emerged as one of the prominent regional markets in 2023 and is expected to grow at a lucrative rate over the forecast period. Its growth can be attributed to the increasing need for pain management drugs and the increasing prevalence of headaches & migraine in the region.
According to an article published by the American Migraine Foundation in January 2021, more than 4 million adults in the U.S. suffer from chronic daily migraine, with a minimum of 15 headache days per month.
The increasing disposable income and expanding patient pool in the region are expected to drive market growth. A wide application of acetaminophen is likely to strengthen the presence & demand for various dosage forms and strengths of drugs, creating opportunities for players.
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Target buyers of North America crocin market databook
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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 North America crocin market , including forecasts for subscribers. This continent databook contains high-level insights into North America crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America crocin market size, by country, 2018-2030 (US$M)
North America Crocin Market Outlook Share, 2023 & 2030 (US$M)
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