South Africa Crocin Market Size & Outlook, 2023-2030
South Africa crocin market, 2018-2030 (US$M)
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South Africa crocin market highlights
- The South Africa crocin market generated a revenue of USD 27.8 million in 2023 and is expected to reach USD 37.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.3% 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 27.8 million |
| Market revenue in 2030 | USD 37.4 million |
| Growth rate | 4.3% (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, South Africa accounted for 0.6% 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 Middle East & Africa, Saudi Arabia crocin market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 21.2 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 95.68% in 2023. Horizon Databook has segmented the South Africa crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
Many people in South Africa suffer from untreated chronic pain as a result of infrastructure deficiencies, limited access to expensive medications, and a lack of adequate medical education on pain management.
However, several organizations in the country are focusing on improving pain management solutions, including paracetamol, which is marketed under several brand names. South Africa is among the most developed economies in Africa.
It has a significant edge over other countries in this region in terms of healthcare facilities and technological advancements. The International Association for the Study of Pain (PainSA) and similar organizations are working to improve pain management associated with different healthcare conditions.
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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 South Africa crocin market , including forecasts for subscribers. This country databook contains high-level insights into South Africa crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa crocin market size, by purity, 2018-2030 (US$M)
South Africa Crocin Market Outlook Share, 2023 & 2030 (US$M)
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