Press release
Saffron Market to reach USD 1.75 Bn by 2029, emerging at a CAGR of 7.3 percent and forecast 2023-2029
Saffron Market
The Global Saffron Market report provides a comprehensive analysis of the saffron industry, including market dynamics, segmentation by formulation and application, and regional insights. It also covers research methodology, drivers, and restraints affecting the market.
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Saffron Market Research Methodology:
The report's findings are based on extensive research and analysis, including primary and secondary data sources. Industry experts and stakeholders were consulted to provide valuable insights.
What are Saffron Market Dynamics:
The cosmetics industry has played a significant role in driving the saffron market's growth, with saffron being incorporated into various personal care products, such as lotions, cleansers, fairness creams, and shampoos. Furthermore, the widespread use of saffron in food and beverage products, owing to its natural coloring and flavoring attributes, has propelled market expansion. Saffron's adoption for treating mental health conditions like depression and anxiety, as well as its potential in managing Alzheimer's disease and geriatric disorders, continues to boost market demand.
Saffron Market Regional Insights:
Asia Pacific led the saffron market in 2022 in terms of volume, with an expected CAGR of 6.9% from 2022 to 2029. The region's growth is attributed to rising exports and domestic demand for natural ingredients. India, a leading saffron producer, benefits from abundant raw materials and suitable cultivation conditions. China is also poised for substantial market growth, projected to reach US$ 0.29 billion by 2029.
Iran remains the largest global producer of saffron, contributing over 80% of the world's output. However, exports are lower due to a higher percentage of re-exports from other countries. The saffron market in Afghanistan is expected to expand, affecting market dynamics. Spain, Italy, India, Greece, Morocco, and Azerbaijan are other key producers. Notably, Saffron Tech, an Israeli company, introduced an innovative automated saffron-growing technique in early 2022, challenging Iran's saffron monopoly.
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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
Due to the increasing e-commerce industry's use of non-cash payment methods globally, which is increasing the transaction application, in the market, the transaction sector is anticipated to have the bigger market size throughout the forecast period.
Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) are the two categories according to processing type. OLAP systems are anticipated to experience the fastest CAGR growth among them all during the projection period. OLAP systems are frequently used for corporate process management, sales management, forecasting, and corporate Intelligence (BI). Organisations' struggles with massive data are aided by in-memory OLAP solutions.
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
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Table of content for the Saffron Market includes:
Global Saffron Market: Research Methodology
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
Global Saffron Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA 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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