Global Crocin Market Research Report by Application (Food, Chemical Industry, Drug, Others), by Purity (Purity >98%, Purity <98%) by Indication (Pain, Pyrexia (Fever)), by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Others), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2030.
Global Crocin Market
The global Crocin market was valued at USD 4.79 billion in 2022 which expected to reach USD 6.79 billion by 2030 at a CAGR 5.9% from 2023-2030.
The global CROCIN Market refers to the market for painkillers such as opioids, nonsteroidal anti-inflammatory drugs (NSAIDs), and paracetamol (paracetamol). The market includes both prescription and over-the-counter (OTC) medications and is used to treat a wide range of pain conditions.
Market Drivers
the rising prevalence of conditions like headaches, flu, & other pains, increasing demand for pain management drugs, and increased production of paracetamol. According to WHO, oral diseases affect approximately 3.55 billion people, causing pain and discomfort. Moreover, according to WHO, there were 1 billion people in the world aged 60 and above in 2020, and the number is expected to increase to 1.4 billion by 2050. Paracetamol is an effective antipyretic used to reduce fever, and the rising prevalence of flu, as well as the increased use of over-the-counter (OTC) products, are driving market growth.
Market Restraint
Due to COVID-19 restrictions, China and India, the primary API suppliers of paracetamol drugs, were unable to supply APIs, resulting in manufacturing shortages and constraints in many European countries.
Market Segmentation
The Global Crocin Market is segmented into Application, Purity Indication, and Distribution Channel. Based on the Indication, the market is segmented into Pain, Pyrexia (Fever). Further, market is segmented into The Distribution Channel, the market is segmented into Hospital Pharmacy, Retail Pharmacy, Others. By Purity, the market is segmented into Purity >98%, Purity <98%. By application, the market is segmented into Food, Chemical Industry, Drug, Others.
Regional Analysis
Global Crocin Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share and the growth in the region can be attributed to the increasing need for pain management drugs among the population in the region. The market growth can be attributed to the increasing prevalence of headaches and migraine in the region. According to an article published in January 2021 by the American Migraine Foundation, 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. The growth in the region can be attributed to the presence of China and India in the region with these countries being the world’s two largest API producers responsible for supplying around 80% of the global paracetamol, making Asia the largest source of paracetamol. Moreover, its massive population makes it the world’s largest consumer market.
Key Players
Various key players are listed in this report such as TCI Chemicals Pvt. Ltd, Merck KGaA, GSK plc, Cayman Chemical, APExBIO Technology, Wilshire Technologies, Cipla, Inc., Novartis AG, Sanofi, Aurobindo Pharma.
Market Taxonomy
By Application
• Food
• Chemical Industry
• Drug
• Others
By Purity
• Purity >98%
• Purity <98%
By Indication
• Pain
• Pyrexia (Fever)
By Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Others
By Region
• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Crocin Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Crocin Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Crocin Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Crocin Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Crocin Market Share Analysis, By Application
5.3 Global Crocin Market Size and Forecast, By Application
5.3.1 Food
5.3.2 Chemical Industry
5.3.3 Drug
5.3.4 Others
6 Global Crocin Market, By Purity
6.1 Y-o-Y Growth Comparison, By Purity
6.2 Global Crocin Market Share Analysis, By Purity
6.3 Global Crocin Market Size and Forecast, By Purity
6.3.1 Purity >98%
6.3.2 Purity <98%
7 Global Crocin Market, By Indication
7.1 Y-o-Y Growth Comparison, By Indication
7.2 Global Crocin Market Share Analysis, By Indication
7.3 Global Crocin Market Size and Forecast, By Indication
7.3.1 Pain
7.3.2 Pyrexia (Fever)
8 Global Crocin Market, By Distribution Channel
8.1 Y-O-Y Growth Comparison, By Distribution Channel
8.2 Global Crocin Market Share Analysis, By Distribution Channel
8.3 Global Crocin Market Size and Forecast, By Distribution Channel
8.3.1 Hospital Pharmacy
8.3.2 Retail Pharmacy
8.3.3 Others
9 Global Crocin Market, By Region
9.1 Global Crocin Market Share Analysis, By Region
9.2 Global Crocin Market Share Analysis, By Region
9.3 Global Crocin Market Size and Forecast, By Region
10 North America Crocin Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Crocin Market Share Analysis, By Application
10.3 North America Crocin Market Size and Forecast, By Purity
10.4 North America Crocin Market Size and Forecast, By Indication
10.5 North America Crocin Market Size and Forecast, By Distribution Channel
10.6 North America Crocin Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Crocin Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Crocin Market Share Analysis, By Application
11.3 Europe Crocin Market Size and Forecast, By Purity
11.4 Europe Crocin Market Size and Forecast, By Indication
11.5 Europe Crocin Market Size and Forecast, By Distribution Channel
11.6 Europe Crocin Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Crocin Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Crocin Market Share Analysis, By Application
12.3 Asia Pacific Crocin Market Size and Forecast, By Purity
12.4 Asia Pacific Crocin Market Size and Forecast, By Indication
12.5 Asia Pacific Crocin Market Size and Forecast, By Distribution Channel
12.6 Asia Pacific Crocin Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Crocin Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Crocin Market Share Analysis, By Application
13.3 Latin America Crocin Market Size and Forecast, By Purity
13.4 Latin America Crocin Market Size and Forecast, By Indication
13.5 Latin America Crocin Market Size and Forecast, By Distribution Channel
13.6 Latin America Crocin Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Crocin Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Crocin Market Share Analysis, By Application
14.3 Middle East Crocin Market Size and Forecast, By Purity
14.4 Middle East Crocin Market Size and Forecast, By Indication
14.5 Middle East Crocin Market Size and Forecast, By Distribution Channel
14.6 Middle East Crocin Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 TCI Chemicals Pvt. Ltd.
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Merck KGaA
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. GSK plc
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Cayman Chemical
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 APExBIO Technology
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Wilshire Technologies
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Cipla, Inc.
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Novartis AG
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Sanofi
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Aurobindo Pharma
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
