In 2023, the saffron market was estimated to be worth USD 1.12 billion. From 2024 to 2030, the industry's total revenue is projected to increase at a compound annual growth rate (CAGR) of 7.3% to reach over USD 1.83 billion.
Saffron Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Saffron Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Saffron market, with forecasts outspreading to the year 2030.
Saffron Market Scope and Methodology:
The market research report Saffron provides comprehensive details on important factors, including those anticipated to drive the industry's growth and impending obstacles. Stakeholders will have a solid understanding of the investment potential in the Saffron market, the industry's competitive environment, and the products pushed by well-known brands. The research examines the sector's qualitative and quantitative aspects. Part of what the MMR probe looks into is a thorough analysis of the competition for the Saffron Market.
A lengthy list of needs is included in the study, along with a detailed explanation for each. When creating the Saffron Market, a wide range of primary and secondary information sources were taken into account, including official government documents, websites, annual reports, and expert and professional comments.
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Saffron Market Regional Insights
In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Saffron market conditions in various nations thanks to the research's regional analysis. The Saffron market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.
Saffron Market Segmentation
By Formulation
Liquid
Powder
Stigma
Petals
Stamen
The three segments of the worldwide saffron market are thread, liquid, and powder. With a significant global share, the thread sector leads the saffron market. Throughout the projection period, there is anticipated to be a rise in the use of saffron powder for applications in the food and beverage sector as well as in medicine. It was estimated that a liquid segment would hold a 5.6% value share. Throughout the forecast period, the associated segment's revenue growth may be constrained by the limited supply of liquid saffron. In the saffron market, the powder category will expand at the fastest rate (XX%), followed by thread and liquid.
by Type
Organic
Conventional
By Grade
Grade I
By Grade II
Grade III
Grade IV
By Application
Food Supplements
Cosmetics
Personal Care Products
Food & Beverage
Others
The saffron market is divided into three segments based on its intended use: food, medicine, and cosmetics. Due to its increasing use in formulation as a natural food ingredient, the food category is predicted to hold a volume share of 45% by 2030. Adding saffron to several kinds of cuisine improves the flavor. Demand for saffron is predicted to increase as the food industry expands in different areas. It is anticipated that the cosmetics sector's growing demand for it due to its expanding use in the creation of cleansers, anti-blemish lotions, and fairness creams will drive industry expansion. For instance, Saffron Body Oil was the first skin-strengthening product in CASA KOKOBERNA's new Beautiful Body Collection, which was introduced in 2022.
By Distribution Channel
B2B
B2C
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Saffron Market Key Players
North America
1. Great American Spice
2. Mehr Saffron
Europe
3. HEA & Co
4. Golden Saffron Co.
5. Azafran de la Mancha
APAC
6. Royal Saffron
7. kingkesariya
8. Royal Spices International
9. Shahsaffron.
10. Shiva Saffron
Midle East
11. Gohar Saffron
12. Rowhani Saffron Co.
13. Linkage Internationals
14. Iran Saffron Company
15. ajfan store
16. Tarvand Saffron Co.
17. Grandor Co.
18. Novin Saffron Co.
19. saffronir
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Key questions answered in the Saffron Market are:
- What is Saffron ?
- What was the Saffron market size in 2023?
- What is the growth rate of the Saffron Market?
- Which are the factors expected to drive the Saffron market growth?
- What is the CAGR at which the Saffron market will grow during the forecast period?
- What are the different segments of the Saffron Market?
- Which is the fastest growing region in the Saffron market?
- What growth strategies are the players considering to increase their presence in Saffron ?
- What are the upcoming opportunities and trends for the Saffron Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Saffron Market?
- Who are the leading companies and what are their portfolios in Saffron Market?
- What segments are covered in the Saffron Market?
- Who are the key players in the Saffron market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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