PUBLISHER: Value Market Research | PRODUCT CODE: 1547597
PUBLISHER: Value Market Research | PRODUCT CODE: 1547597
The global demand for CROCIN Market is presumed to reach the market size of nearly USD 8.81 Billion by 2032 from USD 5.36 Billion in 2023 with a CAGR of 5.66% under the study period 2024-2032.
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.
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 research 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.
This section of the CROCIN market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
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.
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 Chemicals Pvt. Ltd., Merck KGaA, GSK Plc., Cayman Chemical, APExBIO Technology, Wilshire Technologies, Biosynth, Cipla Inc., Novartis AG, Sanofi, Aurobindo Pharma, Teva Pharmaceutical Industries Ltd., Mallinckrodt. 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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