Global Saffron Market Valued at $1.05 Billion in 2023, Projected to Reach $1.74 Billion by 2030 with a 7.5% CAGR

𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

𝐒𝐚𝐟𝐟𝐫𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at US$ 1.05 Billion in 2023 and the Saffron revenue is expected to grow at 7.5% through 2024 to 2030, reaching nearly US$ 1.74 Billion.

𝐒𝐚𝐟𝐟𝐫𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Saffron, a luxurious spice derived from the Crocus sativus flower, is renowned globally for its premium status and high cost. This expense is largely due to the labor-intensive process of hand-harvesting the delicate threads. Valued for its unique flavor, aroma, nutritional benefits, and vibrant coloring properties, saffron is widely used in culinary, beauty, and skincare applications. Iran produces more than 85% of the world's saffron supply.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/Saffron-Market/1563

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐒𝐚𝐟𝐟𝐫𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬?

Key Market Drivers:

The Saffron Market is driven by its diverse applications in culinary arts, fragrances, and personal care products, where it is available in forms like liquid, powder, and threads. The growing consumer preference for organic products and natural ingredients is boosting market growth, along with rising awareness of saffron's antioxidant, anti-inflammatory, and therapeutic properties. As a result, saffron's use across culinary, medicinal, and cosmetic industries is expanding. The increasing trend toward luxury product consumption, particularly for high-end culinary uses, premium fragrances, and personal care products, is further propelling market demand. Additionally, advancements in farming techniques and supportive government initiatives are contributing to the growth of the saffron market.

Market Segmentation and Trends:

The use of saffron is rising across food, beverages, supplements, and cosmetics. Traditional saffron remains the dominant product, accounting for around 65% of market revenue in 2023, driven by its distinctive taste, aroma, and color, making it a key ingredient in cooking, cosmetics, and traditional medicine. In 2023, the Middle East and Africa held the largest market share, contributing 45-50% of the revenue, as saffron is an essential element in regional cuisine. Saffron in its Grade II form also saw increasing demand, generating approximately $450 to $500 million in 2023, as consumers incorporate it more into home cooking and businesses. As health-conscious consumers seek natural solutions, demand for saffron-based products continues to rise, with greater awareness of saffron's health benefits further driving market growth.

Saffron in the Pharmaceutical and Wellness Industry:

Saffron is becoming increasingly significant in the pharmaceutical and wellness sectors due to its potential benefits in mood enhancement and mental health. It is widely used for managing mood disorders and boosting emotional well-being. The skincare and cosmetics industry also contributes to saffron's growth, leveraging its antioxidant properties to promote healthy skin. The inclusion of saffron in beauty products like creams, serums, and masks is meeting the growing consumer demand for high-quality natural skincare solutions.

Therapeutic Benefits and Growing Applications:

Saffron's anti-cancer and anti-inflammatory properties, attributed to compounds like crocin, crocetin, and safranal, play a vital role in safeguarding cellular health. Its application in managing mood disorders, particularly depression and anxiety, has been a significant factor in market expansion. With the global incidence of cancer rising by approximately 25%, the demand for saffron is increasing for its medicinal benefits in addressing these health challenges.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐒𝐚𝐟𝐟𝐫𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 ?

North America- United States, Canada, and Mexico

Europe - UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific - China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America - Brazil, Argentina, Rest of South America

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/Saffron-Market/1563

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐒𝐚𝐟𝐟𝐫𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 ?

By Type

Organic
Conventional

By Components

Liquid
Powder
Stigma
Petals
Stamen

By Application

Food Supplements
Cosmetics
Personal Care Products
Food & Beverage Others

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐟𝐟𝐫𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

1. Gohar Saffron (Hamburg, Germany)
2. HEA & Co Spanish
3. Rowhani Saffron Co.
4. Linkage Internationals
5. Damon Enterprises
6. Esfahan Pishro
7. Rowhani
8. Iran Saffron Company
9. Saffron Business Co.
10. Royal Saffron
11. Grandor
12. Golden Pars Maha
13. Shahri Food Products
14. Rah Abrisham Sialk International
15. Taj Agro Products
16. Jmd Agro Foods
17. Good Life Global
18. King Kesariya
19. Damon Enterprises
20. Great American Spice

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Saffron-Market/1563

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

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