United Kingdom Crocin Market Size, Share, and COVID-19 Impact Analysis, By Purity (Below 98%, and Above 98%), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Others), and United Kingdom Crocin Market Insights, Industry Trend, Forecasts to 2035
Industry: HealthcareUnited Kingdom Crocin Market Insights Forecasts to 2035
- The United Kingdom Crocin Market Size was Estimated at USD 294.32 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 4.84% from 2025 to 2035
- The United Kingdom Crocin Market Size is Expected to Reach USD 495.22 Million by 2035
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According to a research report published by Spherical Insights and Consulting, The United Kingdom crocin Market Size is anticipated to reach USD 495.22 Million by 2035, growing at a CAGR of 4.84% from 2025 to 2035. The driving factors behind the market are the increasing prevalence of headaches, depression, and inflammation; the growing adoption of sustainable crocin manufacturing methods; and the expanding use of crocin in spa treatments, traditional therapies, and wellness retreats.
Market Overview
The United Kingdom crocin market refers to the subset of the healthcare sector and is part of the OTC medicine list. This market encompasses production, development, and distribution steps. Further, Crocin is a naturally occurring carotenoid molecule that is mostly present in the saffron flower's stigma. It contains a disaccharide ester of crocetin, which gives it its water solubility. It adds a vibrant orange and yellow hue and is simple to incorporate into a variety of items. It assists in lowering oxidative stress and scavenging dangerous free radicals. Additionally, because of its antioxidant qualities, it is used in the formulation of many skin care products. The market is rising as a result of the growing use of crocin in wellness tourism activities such as spa treatments, conventional therapies, and retreats. Furthermore, the growing popularity of gourmet cooking at home, which has been aided by internet guides and cooking shows, is driving up demand for unique and premium ingredients like crocin. Furthermore, a positive market outlook is being provided by the governments of several nations, encouraging the production of crocin and saffron through grants, subsidies, or advantageous laws.
Report Coverage
This research report categorizes the market for the United Kingdom crocin market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom crocin market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom crocin market.
United Kingdom Crocin Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 294.32 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR Of 4.84% |
2035 Value Projection: | USD 495.22 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 234 |
Tables, Charts & Figures: | 100 |
Segments covered: | By Purity and By Distribution Channel |
Companies covered:: | Haleon plc, Reckitt, GlaxoSmithKline (GSK), Johnson & Johnson, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The market for United Kingdom crocin is influenced because of it may be used as both a coloring agent and a useful element in health products. It has experienced significant expansion and is closely associated with the food and beverage additives and supplements industries. Regulatory policies, end-use sector demand, and major strategic shifts like mergers, acquisitions, and partnerships all have a big impact on this market's growth. The market is anticipated to rise because to the growing population of elderly patient across the countries. Additionally, collaborations between biotechnology companies and other industry players have been crucial in developing cutting-edge Crocin-based products that satisfy customer aspirations for sustainable and natural components.
Restraining Factors
The market development should be restrained by the strict regulatory requirements surrounding the approval and distribution of pharmaceuticals, from the European Medicines Agency (EMA) and the local regulatory agencies that enforce strict guidelines for safety, and effectiveness.
Market Segmentation
The United Kingdom crocin market share is classified into purity, and distribution channel.
- The below 98% segment accounted for the largest market share in 2024 and is anticipated to grow at a substantial CAGR over the forecast period.
The United Kingdom crocin market is segmented by purity into below 98%, and above 98%. Among these, the below 98% segment accounted for the largest market share in 2024 and is anticipated to grow at a substantial CAGR over the forecast period. In an elevated level of crocin guarantees optimal efficacy and strength occur. Pharmaceuticals, luxury cosmetics, and specialty food items all make extensive use of it. Furthermore, rigorous testing, sophisticated extraction methods, and stringent quality control procedures are all part of its manufacture. It meets the rising demand for natural and pure ingredients from consumers.
- The hospital pharmacy segment held a significant share in 2024 and is expected to grow at a rapid pace during the forecast period.
The United Kingdom crocin market is divided by distribution channel into hospital pharmacy, retail pharmacy, and others. Among these, the hospital pharmacy segment held a significant share in 2024 and is expected to grow at a rapid pace during the forecast period. This is because they manage pharmaceuticals in a vital hospital setting where quick access to goods and medications is essential, making them the market's main players. Additionally, by offering both inpatient and outpatient care, these pharmacies make it simple for patients to receive treatment for gastrointestinal disorders. The growing number of procedures performed in hospitals is due to the availability of skilled and specialized medical personnel.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom crocin market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Haleon plc
- Reckitt
- GlaxoSmithKline (GSK)
- Johnson & Johnson
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom crocin market based on the below-mentioned segments:
United Kingdom Crocin Market, By Purity
- Below 98%
- Above 98%
United Kingdom Crocin Market, By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Others
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