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.

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Saffron Market Scope and Methodology:

The research provides a thorough understanding of the Saffron industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Saffron market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Saffron market and its segments. The examination of the Saffron industry reveals current patterns impacting growth and prospects.

Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Saffron industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.

Saffron Market Regional Insights

The Saffron market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.

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Saffron Market Segmentation

By Formulation

Liquid
Powder
Stigma
Petals
Stamen

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.

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

Because it is used as an antioxidant, antibacterial, antidepressant, and anticonvulsing formulation in the saffron market, the medical segment is anticipated to have significant expansion. Crocin and safranal, two antidepressant components found in saffron, are believed to aid in the treatment of nervous system diseases.

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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Table of Content: Saffron Market

Part 01: Executive Summary

Part 02: Scope of the Saffron Market Report

Part 03: Global Saffron Market Landscape

Part 04: Global Saffron Market Sizing

Part 05: Global Saffron Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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 is the fastest-growing region in 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 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 different segments of the Saffron Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Saffron Market?
• What segments are covered in the Saffron Market?
• Who are the key players in the Saffron market?
• Who are the leading companies and what are their portfolios in 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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