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 Report Overview:
The Saffron Market's future trajectory has been projected based on region, type, and application, incorporating sales and revenue data. The Saffron Market research underscores aspects such as market share, primary suppliers, distributors, evolving price trends, and the intricate raw material supply chain. By offering these insights, the market report furnishes companies with a profound understanding of the dynamics prevalent within the global Saffron Market industry.
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Saffron Market Scope and Research Methodology
The core focus of the Saffron Market report centers on illuminating the dynamics encompassing drivers, restraints, challenges, and opportunities. This comprehensive insight into market dynamics is presented both regionally and by segment, rendering the report an indispensable resource for potential investors. Data collection for the report was achieved through the synergy of primary and secondary research methodologies, ensuring the Saffron Market report's authenticity and accuracy.
The process of arriving at the total market size involved segmenting the market into various categories, each verified through primary research achieved by conducting extensive interviews with influential individuals within the Saffron Market industry. Employing a bottom-up approach, the report estimated both regional and global Saffron Market sizes.
In addition, secondary research identified significant Saffron Market industry key players, whose revenues were determined through a combination of primary and secondary research. The secondary research phase encompassed data collection from official databases of diverse organizations, government sources, industry journals, white papers, annual reports, and suppliers within the Saffron Market industry. Meanwhile, primary research involved conducting in-depth interviews with industry experts and opinion leaders.
Saffron Market Dynamics
Regulations requiring the use of ecologically friendly products and expanding titanium demand have both increased market size. Titanium is valued as a precious component by many businesses, particularly those in the aircraft sector. The aerospace and titanium sectors are very interdependent. The demand for more aeroplanes and more efficient air transport is expected to expand in the upcoming years, which should keep the Saffron Market forecast stable.
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 , 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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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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Saffron Market Regional Analysis:
The Saffron Market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Saffron Market in these countries.
Key Questions answered in the Saffron Market Report are:
• What is the expected CAGR of the Saffron Market during the forecast?
• What is the expected Saffron Market size during the forecast period?
• Which regional Saffron Market is expected to hold the largest share during the forecast period?
• What are the market segments?
• Which production technology is utilized for the Saffron Market?
• What trends are driving the market growth?
• Who are the global key players in the Saffron Market?
• What is the global market status of the Saffron Market?
• What was the volume, manufacturing value, price, and revenue of Saffron Market?
Key Offerings:
• Market Overview
• Market Share
• Market Size
• Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments, sub-segments, and region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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