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
This comprehensive report delves into the dynamics, drivers, restraints, and regional insights of the global saffron market, offering valuable insights for stakeholders and decision-makers.
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Saffron Market Research Methodology:
The research methodology employed in this report ensures a thorough analysis of market trends and dynamics, incorporating quantitative and qualitative data to provide a clear understanding of the saffron market landscape.
What are Saffron Market Dynamics:
The market is driven by the expanding applications of saffron in herbal medicine, fragrance, textile coloring, cookery spices, and cosmetics. Saffron's role as an anti-depressant, antioxidant, antibacterial agent, and its use in the treatment of mental diseases, such as depression and anxiety, are significant growth drivers.
Saffron Market Regional Insights:
Asia Pacific dominated the saffron market in 2022, driven by rising exports and domestic demand for natural ingredients. India, one of the world's top producers of saffron, plays a pivotal role in this market. China is also projected to witness substantial growth, with a predicted market size of US$ 0.29 billion by 2029, fueled by an 8.2% CAGR.
Iran leads in saffron production, accounting for over 80% of global output, but faces competition from other producers such as Afghanistan, Spain, Italy, India, Greece, Morocco, and Azerbaijan. Innovations in saffron cultivation technology, like the one developed by Saffron Tech, are challenging Iran's saffron monopoly.
Several industry players, including JMD Agro Foods, Taj Agro Products (Taj Agro International), Good Life Global, and Saffron Tech, are implementing strategies to gain a competitive edge and secure prominent positions in the saffron industry. Notably, Affron, a product of Pharmactive Biotech Products, has recently received a US patent for its role in improving mental health.
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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.
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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
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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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