Press release
The Saffron Market size was valued at USD 1.05 Billion in 2023 and the Saffron revenue is expected to grow at 7.5 percent through 2024 to 2030, reaching nearly USD 1.74 Billion as per Stellar Market Research.
Stellar Market Research has published a market intelligence and competitive landscape report on the Saffron Market. The report combines primary and secondary data, and field experts have examined the Saffron Market from a local, regional, and global point of view. Over the forecast period, Stellar Market Research expects The Saffron Market size was valued at USD 1.05 Billion in 2023 and the Saffron revenue is expected to grow at 7.5 percent through 2024 to 2030, reaching nearly USD 1.74 Billion.To Get More Information About The Report:https://www.stellarmr.com/report/Saffron-Market/1563
Saffron Market Overview:
Saffron which is derived from Crocus sativus, is premium for its use in adding unique flavor, aroma, nutritional supplements, beauty, and skincare products, and coloring properties. More than 85% of saffron production is done in Iran. the key driving factor of the Saffron Market is its various applications in culinary, fragrances, and personal care products as it is available in different forms like liquid, powder, and threads. Using innovative technology in farming and the support from the Government by providing initiatives are raising the demand for the Saffron market as these are key growth drivers.
Saffron Market Dynamics:
Saffron Market is growing with use in food, drinks, supplements, and cosmetics. Traditional saffron is leading the market, making up around 65% of the revenue in 2023. Saffron is becoming important in the pharmaceutical and wellness industry. Saffron is used because it helps with mood disorders and enhances the mood. Saffron has anti-cancer and anti-inflammatory powers like crocin, crocetin, and safranal which help keep cells safe. The Indian government has implemented the Saffron Act of 2007, a regulatory framework overseeing the storage and export of saffron meeting defined quality standards
Details insights on this market, request for methodology here:https://www.stellarmr.com/report/req_sample/Saffron-Market/1563
Saffron Market Scope:
Market Size in 2023 USD 1.05 Bn.
Market Size in 2030 USD 1.74 Bn.
CAGR 7.5 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Segment Covered by Type, components and application
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
Saffron Market Segmentation:
By Type
Organic
Conventional
By Components
Liquid
Powder
Stigma
Petals
Stamen
By Application
Food Supplements
Cosmetics
Personal Care Products
Food & Beverage Others
Leading Saffron Market key industry:
Gohar Saffron (Hamburg, Germany)
HEA & Co Spanish
Rowhani Saffron Co.
Linkage Internationals
Damon Enterprises
Esfahan Pishro
Rowhani
Iran Saffron Company
Saffron Business Co.
Royal Saffron
Details insights on this market, request for methodology here:https://www.stellarmr.com/report/req_sample/Saffron-Market/1563
Key questions answered in the Saffron Market are:
What is the expected CAGR for the Saffron Market?
What are the major Opportunities for the market growth?
Which country is expected to lead the global Saffron Market during the forecast period?
What is the projected market size of the Saffron Market?
What segments are covered in the Saffron Market report?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
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 of the Offerings, Vertical, Application 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
Related Report
Flavored Syrup Market
Vitamin Ingredients Market
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
About Stellar Market Research:
Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.
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