Saffron Market Size, Demand, Business Opportunities, Leading Companies and Global Industry Report 2023-2028
IMARC Group has recently released a new research study titled “Saffron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
The global saffron market is expected to exhibit a growth rate (CAGR) of 8% during 2023-2028. Saffron, a crimson-colored spice derived from Crocus sativus or Saffron crocus, is handpicked from the flower's three stigmas, dried on charcoal, and used as a flavoring and coloring agent in several food products. Its exotic, strong aroma and bitter taste are often used to enhance the flavors of Asian and Mediterranean dishes. It offers numerous health benefits since it is a rich source of various vitamins and dietary minerals and exhibits antioxidant, anti-depressant, and antiseptic properties. This, in turn, makes it a valuable ingredient in treating colds, coughs, asthma, and measles. The spice is available in various forms, including liquid, threads, and powders, and is extensively used to manufacture dietary supplements, food additives, aromas, skincare products, and cosmetics.
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Saffron Market Trends:
The shifting consumer preference toward saffron as a natural flavoring and coloring agent is one of the primary factors providing a boost to the market growth. The rising health consciousness and surging use of saffron as a key ingredient in several food and beverages are also bolstering the market growth. In line with this, the rapid expansion of the cosmetic industry and the increasing demand for natural ingredients are accelerating the market growth. Saffron is extensively used to produce various skincare products, such as cleansers, lotions, and fairness creams. Apart from this, the availability of organic and chemical-free saffron and the availability of supportive government initiatives promoting saffron cultivation are creating a positive outlook for the market.
Saffron Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the saffron market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Esfedan Trading
- Flora Saffron
- Gohar Saffron
- Grandorco
- Great American Spice Company
- HEA&CO
- Mehr Saffron Company
- Rowhani Saffron Co.
- Safrante Global Company S.L.U.
- Taj Agro International
- Tarvand Saffron Co.
Key Market Segmentation:
The report has segmented the global saffron market based on type, form, application and region.
Breakup by Type:
- Organic
- Conventional
Breakup by Form:
- Thread
- Powder
- Liquid
Breakup by Application:
- Food
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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