The Saffron Market 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 Overview

Maximize Market Research, a prominent international business consultancy firm catering to large and medium-sized enterprises worldwide has recently released its highly anticipated "Saffron Market" Report. With a global presence, the company serves clients in over 34 countries.

According to the research analyst's insights from the report, the Asia Pacific region holds tremendous potential as a lucrative opportunity for the Saffron Market and its component manufacturers over the next decade. Remarkably, the market has exhibited resilience and an upward trend even in the face of an economic slowdown, as analyzed post the Covid lockdown period. The report has explored the prosperous prospects and valuable opportunities presented by the Asia Pacific region in the Saffron Market for the coming years.

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Saffron Market Scope

Market experts estimate that between 2021 and 2029, the Saffron Market would rise steadily. As a result of the strong efforts, leading industry players are expected to continue to make aggressive measures to build the sector fast through 2021.

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Saffron Market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Saffron Market are examined in the report. The United States (USA), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia are among the countries (regions) researched.

Saffron Market Dynamics

The global cosmetics industry is one of the main factors driving the market's rapid expansion. Saffron is frequently used in the production of several personal care products, including lotions, cleansers, fairness creams, and shampoos, due to its abilities to brighten skin and thicken hair. Additionally, the product is widely used as a crucial component in a number of foods and beverages, which is driving the market forward. As people become more health conscious, saffron is becoming more well-liked as a natural colouring and flavouring agent.


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 flavour of many different meal varieties. 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.

1 Global Saffron Market, by Formulation (2022-2029)
• Powder
• Liquid
• Thread
2 Global Saffron Market, by End Use (2022-2029)
• Food
• Medical
• Cosmetics
3 Global Saffron Market, by Type (2022-2029)
• Organic
• Conventional
4 Global Saffron Market, by Grade (2022-2029)
• Grade I
• Grade II
• Grade III
• Grade IV

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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

Regional Analysis

The Saffron Market report comprises an extensive analysis of the Saffron Market industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry. The report provides valuable figures, revenue data, and a comprehensive analysis of the business chain structure, presenting insights into the opportunities and industry news surrounding the Saffron Market. With in-depth coverage of various regions, businesses can gain a profound understanding of the market's dynamics, enabling them to make informed decisions and capitalize on emerging prospects in this dynamic industry.

Key Questions answered in the Saffron Market Report are:


What is Saffron Market?
What is the forecast period of the Saffron Market?
What is the competitive scenario of the Saffron Market?
Which region held the largest market share in the Saffron Market?
What are the opportunities for the Saffron Market?
What are the restraining factors in the Saffron Market?
Who are the key players in the Saffron Market?

Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Saffron Market
Landscape- Leading key players and other prominent key players.
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