Crocetin Esters Market is Led by the Functional Food and Beverage Category The total size of the crocetin esters market was USD 411.3 thousand in 2023, which will power at a rate of 6.5% by the end of this decade, touching USD 634.3 thousand by 2030. Get More Insights: https://www.psmarketresearch.com/market-analysis/crocetin-esters-market-report This is because of the growing interest in plant-based and natural items as an alternative for synthetic ingredients in dietary supplements and functional foods. The mounting trends of health and wellness, use of these chemicals in medicine and nutrition, growing awareness of consumers, and the regulatory environment are the further factors which power the industry. The functional food and beverage category led the market, with a share of 60%, in 2023. Crocetin esters are increasingly used in confectionery, dairy, convenience foods, and beverages because of their important role in preserving the stability of these products. They, similarly, help in the growth of the assortment aroma, and taste of food and beverages. Functional foods fulfill the daily nutritional needs of the people, which is the reason, why the consumers are progressively looking for them for their general health. Crocetin esters are resultant from saffron, which is the dried stigmas of Crocus sativus, have cell antioxidant and anti-inflammatory properties. Pharmaceuticals will grow rapidly, at a rate of 8%, from 2024 to 2030. Due to the robust anti-inflammatory, antioxidant, and neuroprotective characteristics of crocetin esters, the pharma business has been increasingly using them as active pharmaceutical ingredients or added ingredients in the formulations of drugs. A growing count of studies and clinical trials are conducted on these bioactive substances for the examination of their possible therapeutic applications for tumors, cardiovascular ailments, and neurological complications. The pharma business is also persuaded toward crocetin esters as a result of their utility in developing drug delivery systems. Europe crocetin esters market was leading the way, as far as the regional market is concerned, with 45% share, in 2023. One of the main reasons behind the ascendency of the reg8ion is the longstanding understanding of saffron and its use in the region. Saffron, of which crocetin esters are a resultant of, has been cultivated in diverse areas of Europe for a considerably long time, particularly in pain, Greece and Italy. Consequently, Europe is a hub for the production and use of crocetin esters because it has a flourishing saffron industry and a long history of its use in culinary and medicinal applications. APAC is growing the fastest, with a rate of 10%, by the end of this decade. This is because of the region’s rising demand for functional foods and beverages and the increasing attention to the medical advantages related to antioxidants. Natural and functional food ingredients are highly demanded as consumers in countries of this region become more conscious about their health. It is because of the rising interest in natural and plant-based items, the demand for crocetin esters is on the rise. Source: P&S Intelligence

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