Press release
Saffron Market Report, Industry Size, Growth Drivers and Latest Insights 2023-2028
The global saffron market size reached US$ 479 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 765 Million by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/saffron-market/requestsample
Saffron Market Trends:
The surging interest in natural and premium-quality spices is one of the key factors driving the growth of the saffron market. Moreover, the rising awareness about the multifaceted applications of saffron, extending from culinary uses to medicinal benefits, is significantly contributing to the market's expansion. Additionally, the increasing trend of using natural flavors and colors in food and beverages is making saffron an essential ingredient, thereby stimulating the market. Beyond culinary and medicinal uses, saffron finds application in the cosmetics industry as a natural additive, further catalyzing market demand. Health-conscious consumers are also increasingly turning to saffron-infused teas and supplements for wellness benefits, bolstering the market. Moreover, growing sustainability concerns and a shift towards organic farming practices are creating a positive outlook for the saffron market. Other factors such as advancements in farming techniques, rapid urbanization, and globalization are contributing to the overall growth of the saffron market globally.
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
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.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=3504&flag=C
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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