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Saffron Market to reach USD 1.77 Bn by 2029, emerging at a CAGR of 7.3 percent and forecast 2023-2029
Saffron Market, Saffron Market Size,
To ensure the accuracy and reliability of the report, a robust research methodology was employed. Maximize Market Research Pvt. Ltd. leveraged industry-standard tools such as PORTER and PESTEL analysis, enabling an in-depth evaluation of micro-economic factors that impact the market. This meticulous approach to data analysis is complemented by clear and accessible language, making complex insights easily comprehensible for a wide audience.
The research methodology encompasses data collection, validation, and analysis from trusted sources, ensuring the highest quality of information. The report's aim is to provide stakeholders with a comprehensive understanding of the saffron market, enabling informed decision-making. The utilization of such a rigorous research methodology ensures the report's credibility and positions it as a valuable resource for industry professionals seeking to navigate the saffron market landscape effectively.
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What are Saffron Market Dynamics:
One of the primary reason contributing to the market's significant growth is the cosmetics industry around the world. Owing to its skin brightening and hair-strengthening characteristics, saffron is commonly utilized in the creation of numerous personal care products such as lotions, cleansers, fairness creams, and shampoos. Moreover, the widespread use of the product as a vital ingredient in a variety of foods and beverages is propelling the market forward. Saffron is becoming more popular as a natural coloring and flavoring agent as people become more health concerned.
Saffron consumption for the treatment of mental diseases like depression and anxiety has boosted the market growth. Saffron is also recommended by medical professionals for the treatment or management of Alzheimer's disease. Saffron use in the treatment of geriatric disorders is a strong driver of market demand.
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Saffron Market Regional Insights:
Asia Pacific emerges as a significant player, boasting the largest market share by volume in 2022. With a projected Compound Annual Growth Rate (CAGR) of 6.9% from 2022 to 2029, this region showcases a strong demand for natural ingredients, fueled by both export activities and domestic consumption.
Notably, India, renowned for its favorable cultivation conditions and flourishing pharmaceutical sector, stands out as a prominent saffron producer within the Asia Pacific region. Additionally, China, the world's second-largest economy, is poised to attain a projected market size of US$0.29 billion by 2029, reflecting a robust CAGR of 8.2% during the forecast period.
Iran, accounting for more than 80% of global saffron production, retains its position as the leading producer, albeit challenged by re-exports from France, Italy, and Spain. The saffron market in Afghanistan is anticipated to gain momentum, contributing to evolving market dynamics. Countries like Spain, Italy, Greece, Morocco, and Azerbaijan also play a significant role in saffron production.
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What is Saffron Market Segmentation:
by Formulation
Powder
Liquid
Thread
by End Use
Food
Medical
Cosmetics
by Type
Organic
Conventional
by Grade
Grade I
Grade II
Grade III
Grade IV
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Who are 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
Table of content for the Saffron Market includes:
1. Global Saffron Market : Research Methodology
2. Global Saffron Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Saffron Market : Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• 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
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