The global demand for CROCIN Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Crocin is a paracetamol-based analgesic and antipyretic used as a pain killer to provide fast and effective temporary relief. It is also used for rapid and effective relief from cold & flu symptoms and fever. Crocin offers targeted pain relief and can be used for headaches, migraines, menstrual pain, arthritis, toothache, and musculoskeletal pain. The medication contains clinically proven ingredients like paracetamol and caffeine. It acts at the center of pain by blocking the release of pain and fever-causing chemical messengers. It can be used by adults & children over 12 years. It is considered safe for people with CVD/heart conditions, high blood pressure, sensitive stomach, and diabetics. Crocin responsible for the color of saffron is a carotenoid chemical compound present in the flowers like crocus and gardenia.
Market Dynamics
Changing lifestyles, increased prevalence of pains of different types due to rising stress, especially among the urban population, will be the main stimulating factors for market growth. Crocin serving both as an analgesic and antipyretic to provide total relief from pain and fever will further propel market growth. Crocin, proven to have beneficial effects on people's mental health status in rehabilitation programs, will benefit the market. Heavy investments in promoting and advertising the drug will favor market growth. Availability of a wide range of products to address consumers' needs of all age groups will be a market booster. Availability of alternatives and the side effects reported by a small portion of the global population will hinder the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of crocin. The growth and trends of CROCIN Industry provide a holistic approach to this study.
Market Segmentation
This section of the crocin market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Types
By Applications
- Food
- Chemical Industry
- Drug
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the CROCIN market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global CROCIN Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the crocin market include TCI, Target molecule Corp., Cayman, Merck, APExBIO, WILSHIRE, Sigma-Aldrich, GlaxoSmithKline, and Carbosynth. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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