PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1779887
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1779887
Global Crocin Market to Reach US$5.9 Billion by 2030
The global market for Crocin estimated at US$4.9 Billion in the year 2024, is expected to reach US$5.9 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2024-2030. Purity Above 98%, one of the segments analyzed in the report, is expected to record a 2.7% CAGR and reach US$3.8 Billion by the end of the analysis period. Growth in the Purity Below 98% segment is estimated at 4.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 6.0% CAGR
The Crocin market in the U.S. is estimated at US$1.3 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 6.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.3% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
The global crocin market is witnessing significant growth, driven by increasing interest in natural antioxidants, traditional medicine, and therapeutic compounds derived from saffron. Crocin, a bioactive carotenoid found in saffron, is known for its strong anti-inflammatory, neuroprotective, and mood-enhancing properties. The rising prevalence of neurological disorders, including depression, Alzheimer’s disease, and Parkinson’s, has led to increased research into crocin-based treatments. Additionally, the demand for natural anti-aging and cognitive-enhancing supplements has propelled crocin’s adoption in the nutraceutical industry. The pharmaceutical sector has also recognized crocin’s potential in cardiovascular and metabolic disease management, further expanding its applications.
The crocin market is segmented across pharmaceuticals, dietary supplements, cosmetics, and functional foods. Pharmaceutical companies are leveraging crocin’s neuroprotective and anti-depressant properties in drug formulations for cognitive disorders and mental health treatments. The dietary supplements industry has seen growing demand for crocin-based nootropics, marketed for their memory-boosting and anti-anxiety effects. The cosmetics sector has incorporated crocin into anti-aging and skin-brightening products, capitalizing on its antioxidant and anti-inflammatory benefits. Additionally, the food and beverage industry is using crocin as a natural colorant and functional ingredient in premium health products.
The crocin market is evolving with advancements in extraction technologies, nano-formulations, and bioavailability-enhancing delivery systems. Supercritical CO2 extraction has emerged as a preferred method for obtaining high-purity crocin while maintaining its bioactivity. Nano-encapsulation techniques have improved crocin stability and absorption, enhancing its effectiveness in dietary supplements and pharmaceuticals. Additionally, AI-driven formulation development has enabled the creation of personalized crocin-based nutraceuticals, targeting specific cognitive and metabolic health concerns. The growing integration of crocin into slow-release and transdermal delivery systems has further expanded its applications.
The growth in the crocin market is fueled by increasing research into saffron-derived bioactives, rising consumer demand for cognitive health supplements, and expanding pharmaceutical applications. The shift toward natural and plant-based therapeutics has strengthened crocin’s position in the wellness industry. Additionally, government support for traditional medicine and botanical drug research has encouraged innovation in crocin-based treatments. The rising preference for natural food colorants and anti-aging skincare products has further contributed to market expansion. With continued scientific advancements and growing consumer awareness, the crocin market is expected to experience sustained growth in the coming years.
SCOPE OF STUDY:
The report analyzes the Crocin market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Purity (Purity Above 98%, Purity Below 98%); Indication (Pain, Pyrexia); Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Other Distribution Channels); Application (Food Application, Chemical Application, Drug Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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