Spain Crocin Market Size & Outlook, 2023-2030
Spain crocin market, 2018-2030 (US$M)
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Spain crocin market highlights
- The Spain crocin market generated a revenue of USD 142.1 million in 2023 and is expected to reach USD 201.4 million by 2030.
- The Spain 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.
Crocin market data book summary
| Market revenue in 2023 | USD 142.1 million |
| Market revenue in 2030 | USD 201.4 million |
| Growth rate | 5.1% (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, Spain accounted for 3.0% 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 Europe, Germany crocin market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 264.7 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 95.29% in 2023. Horizon Databook has segmented the Spain crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
Unlike in other EU countries, simple medications cannot be obtained from supermarkets or corner shops in Spain. Simple painkillers, such as ibuprofen and paracetamol, can only be purchased from pharmacies, which may explain why they are integral to daily Spanish life.
Small quantities of specific painkillers, including paracetamol and ibuprofen, may be purchased OTC if approved by pharmacists. Stringent regulatory framework and research studies on the adverse effects of long-term paracetamol usage are expected to hamper market growth over the forecast period.
In December 2022, the Ministry of Health restricted the sale of paracetamol 1g and other drugs with paracetamol due to the drug’s known adverse effects on the liver and kidneys. In September 2022, a study published by BCNatal Fetal Medicine Center and the University of Barcelona in PLOS One found that paracetamol consumption during pregnancy may exacerbate attention and sleep problems in the child at the age of 3 years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain crocin market , including forecasts for subscribers. This country databook contains high-level insights into Spain crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain crocin market size, by purity, 2018-2030 (US$M)
Spain Crocin Market Outlook Share, 2023 & 2030 (US$M)
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