Saffron Market Report – 2024 Outlook, Trends, Share, Size & Forecast

MarkNtel Advisors has unveiled its latest research report on the Saffron Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Saffron industry.

Saffron Market Size: 2024 Outlook

The Global Saffron Market size is valued at around USD 684 million in 2023 & is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. Increasing demand for saffron across various industries such as food and beverages, cosmetics, personal care, and pharmaceuticals is driving the market growth.

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📘 Scope of the Report

• Forecasts till 2030 with year-wise market breakdown
• Geographical and segment-level analysis
• Company profiles and strategic insights
• Key market drivers and restraints
• Analysis of market trends and investment opportunities

Which prominent factor is expected to drive the Saffron Market during 2024-30?

Increasing Adoption of Saffron in the Food and Beverage Industry – Saffron is used in a wide range of foods and beverages, including rice dishes, pastries, soups, and beverages. The expanding popularity of ethnic cuisines, as well as the growing desire for gourmet and premium food products, are driving saffron demand in the food and beverage industry.

Saffron is primarily used as a spice, herb, and seasoning. It is the best alternative to synthetic additives and also provides nutritional benefits. Thus, contributing positively to the market growth. It is preferred over artificial ingredients when used as a natural coloring and flavoring agent. It is used in a variety of recipes in different cuisines around the world.

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Saffron Market Segmentation

By Type

• Dasteh Saffron-Market Size & Forecast 2019-2030F, USD Million
• Pushal Saffron- Market Size & Forecast 2019-2030F, USD Million
• Sargol Saffron- Market Size & Forecast 2019-2030F, USD Million
• Super Negin Saffron- Market Size & Forecast 2019-2030F, USD Million
• Konj/ White Saffron- Market Size & Forecast 2019-2030F, USD Million
• Others (Kashmiri Saffron, Moroccan Saffron, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Forms

• Threads- Market Size & Forecast 2019-2030F, USD Million
• Powder- Market Size & Forecast 2019-2030F, USD Million
• Liquid- Market Size & Forecast 2019-2030F, USD Million

By Grade

• Grade I- Market Size & Forecast 2019-2030F, USD Million
• Grade II- Market Size & Forecast 2019-2030F, USD Million
• Grade III- Market Size & Forecast 2019-2030F, USD Million
• Grade IV- Market Size & Forecast 2019-2030F, USD Million

By Nature

• Organic- Market Size & Forecast 2019-2030F, USD Million
• Conventional- Market Size & Forecast 2019-2030F, USD Million

By Application

• Food & Beverages- Market Size & Forecast 2019-2030F, USD Million
• Personal Care- Market Size & Forecast 2019-2030F, USD Million
• Textile Industry- Market Size & Forecast 2019-2030F, USD Million
• Pharmaceutical- Market Size & Forecast 2019-2030F, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Industry Leaders: Who’s Dominating the Saffron Market?

The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:

• Great American Spice Company
• HEA & CO
• Mehr Saffron
• Rowhani Saffron
• Safrante Specialty Foods SA
• Tarvand Saffron Ghayen Company
• Mane Kancor
• Eyjann Saffron
• Kshipra Biotech Private Limited
• Noor Brand Saffron
• Retaj Agro Farms
• Green Leaves International
• MLS Saffron, Ltd
• Bahraman Saffron Company

These companies are focused on health-based R&D, expansion, and functional ingredient diversification.

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Frequently Asked Questions (FAQs)

1. What are the main drivers of the Saffron market?
2. Which segment leads the Saffron industry?
3. What regulatory challenges impact product development?
4. Who are the top players in the Saffron industry?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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