Saffron Market Analysis, Global Size, Demand, Top Companies and Business Opportunities 2022-2027

According to IMARC Group's latest report, titled "Saffron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global saffron market is expected to exhibit a CAGR of 8.03% during 2022-2027. Saffron is a crimson-colored spice that is derived from the crocus sativus or saffron crocus plant. The three stigmas are handpicked from the flower, spread on trays, and dried on charcoal. Saffron has an exotic, strong aroma and a bitter taste and is generally used as a flavoring and coloring agent in several food products. It is a popular spice used in many Asian, Spanish, and Mediterranean dishes. Saffron is a rich source of various vitamins and dietary minerals and exhibits antioxidant, anti-depressant, and antiseptic properties, which is why it is largely used in the treatment of colds, coughs, asthma, and measles. The spice is commercially available in liquid, thread, and powder forms and is extensively used to manufacture dietary supplements, food additives, aromas, skincare products, and cosmetics.

Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2021
• Historical Period: 2016-2021
• Forecast Period: 2022-2027

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Saffron Market Trends:

The shifting consumer preference toward saffron as a natural flavoring and coloring agent is one of the primary factors providing a boost to the market growth. Moreover, the rising health consciousness and surging use of saffron as a key ingredient in several food and beverages are bolstering the market growth. In addition to this, the rapid expansion of the cosmetic industry and the increasing demand for natural ingredients are accelerating the market growth. Apart from this, the widespread availability of organic and chemical-free saffron and government initiatives toward increasing saffron cultivation activities are creating a positive outlook for the market.

Competitive Landscape With Key Players:

The competitive landscape of the saffron market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Esfedan Trading
• Flora Saffron
• Gohar Saffron
• Grandorco
• Great American Spice Company
• HEA&CO
• Mehr Saffron Company
• Rowhani Saffron Co.
• Safrante Global Company S.L.U.
• Taj Agro International
• Tarvand Saffron Co.

Key Market Segmentation:

The report has segmented the global saffron market based on type, form, application and region.

Breakup by Type:

• Organic
• Conventional

Breakup by Form:

• Thread
• Powder
• Liquid

Breakup by Application:

• Food
• Pharmaceuticals
• Cosmetics
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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