U.S. Crocin Market Size & Outlook, 2023-2030
U.S. crocin market, 2018-2030 (US$M)
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U.S. crocin market highlights
- The U.S. crocin market generated a revenue of USD 1,728.2 million in 2023 and is expected to reach USD 2,423.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5% 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 1,728.2 million |
| Market revenue in 2030 | USD 2,423.8 million |
| Growth rate | 5% (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, U.S. accounted for 36.0% 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 North America, U.S. crocin market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 254.4 million by 2030.
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Crocin Market Scope
Crocin Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 U.S. crocin market based on purity>98%, purity<98% covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of U.S. 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 U.S. crocin market , including forecasts for subscribers. This country databook contains high-level insights into U.S. crocin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. crocin market size, by purity, 2018-2030 (US$M)
U.S. Crocin Market Outlook Share, 2023 & 2030 (US$M)
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