UAE Crocin Market Size & Outlook, 2023-2030
UAE crocin market, 2018-2030 (US$M)
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UAE crocin market highlights
- The UAE crocin market generated a revenue of USD 15.6 million in 2023 and is expected to reach USD 21.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 4.4% 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 15.6 million |
| Market revenue in 2030 | USD 21.2 million |
| Growth rate | 4.4% (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, UAE accounted for 0.3% 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 |
|---|
UAE 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 95.51% in 2023. Horizon Databook has segmented the UAE crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
Paracetamol is a pain reliever and fever reducer, which is widely used in the UAE and available without a prescription and OTC. A number of brands of paracetamol are widely available in the country, including Acetamol, Adol, Alceta, Amol, Calpol, Emidol, Fevadol, and Medamol.
The UAE pharmaceuticals market is witnessing rapid growth. Although the UAE currently imports the majority of its pharmaceuticals, the scenario is expected to change, as some international pharmaceutical giants have partnered with UAE companies to manufacture products in the country.
Furthermore, the growing pharmaceutical sector in the UAE is another factor fueling market growth. For instance, in February 2020, Neopharma and GSK plc launched the first locally produced batch of medicines.
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Target buyers of UAE 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE crocin market , including forecasts for subscribers. This country databook contains high-level insights into UAE crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE crocin market size, by purity, 2018-2030 (US$M)
UAE Crocin Market Outlook Share, 2023 & 2030 (US$M)
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