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Saffron Market 2023-2028: Global Industry Outlook, Size, Share, Growth, Top Companies Analysis, Future Demand and Business Opportunities

03-16-2023 11:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Saffron Market 2023-2028: Global Industry Outlook, Size,

IMARC Group has recently released a new research study titled "Saffron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2022

• Historical Period: 2017-2022

• Forecast Period: 2023-2028

The global saffron market is expected to exhibit a growth rate (CAGR) of 8% during 2023-2028. Saffron represents a crimson-colored spice extracted from the filaments of the crocus sativus flower. It is collected and dried and is generally used as a coloring and flavoring agent in various food products. Saffron is also utilized for adding fragrances to perfumes and desired color to textile dyes. It is rich in several vitamins and dietary minerals and exhibits antioxidant, anti-depressant, and antiseptic properties, owing to which it is commonly used in the treatment of cough, cold, asthma, and measles. Saffron is extensively available in the form of liquid, thread, and powder and finds widespread applications in the manufacturing of dietary supplements, aromas, food additives, cosmetics, and skincare products.

Saffron Market Trends:

The escalating product demand in the production of various personal care items, such as lotions, cleansers, anti-blemish and fairness creams, and shampoos, on account of its skin brightening and hair-strengthening properties, and the expanding cosmetics industry across the globe are among the primary factors driving the saffron market. Besides this, the elevating requirement for this spice as a key ingredient in several foods and beverages and as a natural coloring and flavoring agent, owing to the rising health consciousness among the masses, is further augmenting the market growth. Moreover, the growing popularity of saffron in medicines for its neuroprotective and anti-tumor properties to treat cancer, macular degeneration, arthritis, and cardiovascular disorders is also catalyzing the global market. Apart from this, the production of organic and chemical-free products to cater to the conditions of health-conscious consumers and the easy availability through online and offline retail channels are expected to bolster the saffron market in the coming years.

Download a free sample report to get a detailed overview of the market:

Saffron Market 2023-2028 Competitive Analysis and Segmentation:

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
• 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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures:

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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