Saffron Market Report size was valued at US$ 1.07 Bn. in 2022 and the total revenue is expected to grow at 7.3 % CAGR through 2023 to 2029, reaching nearly US$ 1.77 Bn.
Saffron Market Report Overview
A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the Saffron Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.
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Saffron Market Report Scope
The report provides current Saffron market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.
Saffron Market Regional Analysis
The Saffron market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.
Saffron Market Segmentation
The Powder, Liquid, and Thread segments of the global saffron market are determined by formulation. With a substantial 58% global market share, the thread segment dominates the industry. During the projection period, it is anticipated that the use of saffron in powder form for uses in the food and beverage industry and in medical applications would increase. 5.6% of value was expected to come from the liquid segment. Over the forecast period, low liquid saffron availability could limit the associated segment's sales growth. The CAGR for the powder market will be xx%, followed by thread and liquid.
The saffron market is divided into three categories based on application: food, medicine, and cosmetics. By 2029, the food segment is anticipated to have a volume share of 45% due to rising use as a natural food ingredient in formulations. Saffron enhances the flavor of many different meal categories. Demand for saffron is predicted to increase as the food industry expands in various areas. Industry growth is anticipated to be fueled by the increased demand from the cosmetics industry due to its growing use in the creation of fairness creams, anti-blemish lotions, and cleansers. Saffron Body Oil, for instance, was CASA KOKOBERNA's first product for skin strengthening when it unveiled its new Beautiful Body Collection in 2022. The medical industry is anticipated to increase significantly.
Saffron Market Size and Forecast, by Formulation (2022-2029)
1. Powder
2. Liquid
3. Thread
Saffron Market Size and Forecast, by End Use (2022-2029)
1. Food
2. Medical
3. Cosmetics
Saffron Market Size and Forecast, by Type (2022-2029)
3. Organic
3. Conventional
Saffron Market Size and Forecast, by Grade (2022-2029)
1. Grade I
2. Grade II
3. Grade III
4. Grade IV
Saffron Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Saffron Market Key Players
1. Gohar Saffron
2 Rowhani Saffron Co.
3. Iran Saffron Company
4. Saffron Business Co.
5. Royal Saffron
6. Damon Enterprises
7. Grandor
8. Golden Pars Maha
9. Shahri Food Products
10. Linkage Internationals
11. Esfahan Pishro
12. Mehr Azin Bonab
13. Gohar Nab Sara
14. Great American Spice
15. HEA & Co Spanish
16. Rah Abrisham Sialk International
17. Taj Agro Products,
18. King Kesariya
19. Damon Enterprises
20. Good Life Global
21. Rowhani
22. Jmd Agro Foods
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Key Questions answered in the Saffron Market Report are:
- What is Saffron?
- What is the forecast period of the Saffron Market?
- What is the expected Saffron market size by the end of the forecast period?
- What will be the CAGR of the Saffron market during the forecast period?
- Who are the key players in the Saffron industry?
- Which region held the largest market share in the Saffron Market?
- What are the opportunities for the Saffron Market?
- What are the factors restraining the Saffron market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of segments and their sub-segments
- 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
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