Press release
Saffron Market Growth: Global Revenue to Reach USD 1.83 Billion by 2030 at a 7.3% CAGR
Saffron Market
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ
The global saffron market, valued at USD 912.6 million in 2023, is projected to grow at a CAGR of 7.5% from 2024 to 2030, reaching an estimated USD 1.52 billion by 2030. This growth is driven by the increasing demand for saffron in culinary applications, pharmaceutical industries, and cosmetic sectors, along with its rising popularity in traditional medicine. The market is witnessing significant developments across regions, supported by mergers, acquisitions, and innovations in production techniques.
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's saffron market is gaining traction due to rising consumer awareness of saffron's health benefits and its incorporation into traditional medicine practices. Domestic companies are investing in advanced cultivation methods, while collaborations with international firms are bolstering the market. Recent partnerships between Vietnamese distributors and Saffron Road have enhanced supply chain efficiencies, enabling better access to premium-grade saffron.
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐'๐ฌ
Thailand is emerging as a key player in the saffron market, driven by increasing applications in gourmet cuisine and the spa industry. The country has seen a surge in imports from producers like Royal Saffron and Persian Zafran, with local firms establishing distribution agreements to meet the growing demand. Additionally, government initiatives to promote high-value crops are encouraging saffron cultivation in select regions.
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐จ๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's saffron market is characterized by its use in high-end culinary and pharmaceutical products. The market's growth is fueled by collaborations between Japanese pharmaceutical companies and global saffron suppliers like Gohar Saffron. Recent studies on saffron's medicinal properties have spurred investments in research and development, positioning Japan as a leader in innovative saffron applications.
๐๐๐ข๐ง ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ. ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/24308/
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's saffron industry is witnessing consolidation, with major players like Korean Herbals entering joint ventures to expand their product portfolios. The cosmetic sector's growing demand for saffron-based products is driving the market. Key developments include the acquisition of Orient Saffron Co. by a South Korean conglomerate, aiming to strengthen its supply chain and market presence.
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐ซ๐จ๐ง ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's saffron market is flourishing due to its strategic role as a trade hub in Southeast Asia. The country has witnessed significant investments from companies like Navid Saffron to establish regional distribution networks. Recent trends indicate a growing preference for organic saffron, with local retailers partnering with certified producers to meet consumer demand.
๐๐๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ
The United States represents one of the largest markets for saffron, driven by its diverse applications in the food, pharmaceutical, and cosmetic industries. Recent acquisitions, such as Zaran Saffron by a leading US-based firm, have solidified supply chain capabilities. Moreover, increasing consumer preference for natural and organic ingredients is boosting saffron's demand in gourmet cooking and wellness products.
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ฉ๐๐๐ญ๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe remains a dominant player in the saffron market, with Spain, Italy, and Greece leading production. The region's growth is bolstered by robust exports and innovative product launches by companies like Krokos Kozanis and La Mancha Saffron. Recent European Union funding initiatives to support sustainable saffron farming have further strengthened the market, ensuring high-quality production and competitive pricing.
๐๐๐ข๐ง ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ. ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/24308/
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ค๐๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ญ๐๐ง๐ข๐ฎ๐ฆ ๐๐๐ซ๐ค๐๐ญ :
๐๐ฒ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง
Liquid
Powder
Stigma
Petals
Stamen
The worldwide saffron market is divided into three segments based on formulation: powder, liquid, and thread. With a significant global share, the thread sector leads the saffron market. Throughout the projection period, there is anticipated to be a rise in the use of saffron powder for applications in the food and beverage sector as well as in medicine. It was estimated that a liquid segment would hold a 5.6% value share. Throughout the forecast period, the associated segment's revenue growth may be constrained by the limited supply of liquid saffron. In the saffron market, the powder category will expand at the fastest rate (XX%), followed by thread and liquid.
๐๐ฒ ๐๐ฒ๐ฉ๐
Organic
Conventional
๐๐ฒ ๐๐ซ๐๐๐
Grade I
By Grade II
Grade III
Grade IV
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food Supplements
Cosmetics
Personal Care Products
Food & Beverage
Others
The saffron market is divided into three segments based on its intended use: food, medicine, and cosmetics. Due to its increasing use in formulation as a natural food ingredient, the food category is predicted to hold a volume share of 45% by 2030. Adding saffron to several kinds of cuisine improves the flavor. Demand for saffron is predicted to increase as the food industry expands in different areas. It is anticipated that the cosmetics sector's growing demand for it due to its expanding use in the creation of cleansers, anti-blemish lotions, and fairness creams will drive industry expansion. For instance, Saffron Body Oil was the first skin-strengthening product in CASA KOKOBERNA's new Beautiful Body Collection, which was introduced in 2022.
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
B2B
B2C
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ : @https://www.maximizemarketresearch.com/request-sample/24308/
๐๐๐๐ซ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ญ๐๐ง๐ข๐ฎ๐ฆ ๐๐๐ซ๐ค๐๐ญ :
North America
1. Great American Spice
2. Mehr Saffron
Europe
3. HEA & Co
4. Golden Saffron Co.
5. Azafran de la Mancha
APAC
6. Royal Saffron
7. kingkesariya
8. Royal Spices International
9. Shahsaffron.
10. Shiva Saffron
Midle East
11. Gohar Saffron
12. Rowhani Saffron Co.
13. Linkage Internationals
14. Iran Saffron Company
15. ajfan store
16. Tarvand Saffron Co.
17. Grandor Co.
18. Novin Saffron Co.
19. saffronir
๐๐๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ข๐ญ๐๐ง๐ข๐ฎ๐ฆ ๐๐๐ซ๐ค๐๐ญ :
What is Saffron ?
What is the growth rate of the Saffron Market?
Which are the factors expected to drive the Saffron market growth?
What is the CAGR at which the Saffron market will grow during the forecast period?
What are the different segments of the Saffron Market?
Which is the fastest growing region in the Saffron market?
What growth strategies are the players considering to increase their presence in Saffron ?
What are the upcoming opportunities and trends for the Saffron Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Saffron Market?
Who are the leading companies and what are their portfolios in Saffron Market?
What segments are covered in the Saffron Market?
Who are the key players in the Saffron market?
๐๐๐ข๐ง ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/24308/
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ.
Past Size and Competitive Landscape
โข Past Pricing and price curve by region
โข Size, Share, Size Forecast by different segment
โข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Segmentation A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape Profiles of selected key players by region from a strategic perspective
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
โฆ Europe Military Land Vehicle Market https://www.maximizemarketresearch.com/market-report/europe-military-land-vehicle-market/199951/
โฆ Foam Market https://www.maximizemarketresearch.com/market-report/foam-market/122498/
โฆ Workplace Services Market https://www.maximizemarketresearch.com/market-report/global-workplace-services-market/55688/
โฆ Edible Oils Market https://www.maximizemarketresearch.com/market-report/edible-oils-market/125464/
โฆ Lighting Product Market https://www.maximizemarketresearch.com/market-report/lighting-product-market/11116/
โฆ Outboard Boat Market https://www.maximizemarketresearch.com/market-report/outboard-boat-market/147038/
โฆ App Analytics Market https://www.maximizemarketresearch.com/market-report/global-app-analytics-market/24816/
โฆ Encoder Market https://www.maximizemarketresearch.com/market-report/global-encoder-market/34930/
โฆ Global Oral Clinical Nutrition Supplements Market https://www.maximizemarketresearch.com/market-report/global-oral-clinical-nutrition-supplements-market/42116/
โฆ Global Duplex Stainless Steel Market https://www.maximizemarketresearch.com/market-report/global-duplex-stainless-steel-market/32100/
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
๐๐๐๐๐ก ๐๐ฎ๐ญ ๐ญ๐จ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ซ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Saffron Market Growth: Global Revenue to Reach USD 1.83 Billion by 2030 at a 7.3% CAGR here
News-ID: 3794940 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Valve Positioners Market Size Expected to Surpass USD 2.65 Billion by 2029
Valve Positioners Market is expected to reach US$ 2.65 Bn. by 2029, at a CAGR of 5.3% during the forecast period.
Valve Positioners Market Overview:
The Valve Positioners market is witnessing steady growth due to increasing demand for automation and precision control in industrial processes. Valve positioners are essential components in process industries, ensuring accurate control of flow, pressure, and temperature by precisely regulating valve movements. They are widely used in sectorsโฆ
Barium Carbonate Market Size Expected to Surpass USD 870 Million by 2029
Barium Carbonate Market was valued at US$ 870 Mn. in 2029. The Global Barium Carbonate Market size is estimated to grow at a CAGR of 5.67 % over the forecast period.
Barium Carbonate Market Overview:
The Barium Carbonate market is witnessing steady growth due to its widespread applications across industries such as ceramics, glass, chemicals, and oil and gas. Barium carbonate is primarily used in the production of ceramics and glass, whereโฆ
Oil and Gas Carbon Capture and Storage Market Size Expected to Surpass USD 9.69 โฆ
Oil and gas carbon capture and storage Market size was valued at USD 3.87 Billion in 2023 and the total Oil and gas carbon capture and storage revenue is expected to grow at a CAGR of 14% from 2024 to 2030, reaching nearly USD 9.69 Billion.
Oil and gas carbon capture and storage Market Overview:
The Oil and Gas Carbon Capture and Storage (CCS) market is expanding rapidly as energy companies andโฆ
Artillery Systems Market Size Expected to Surpass USD 25.97 Billion by 2032
Artillery Systems Market size was valued at USD 15.34 Billion in 2024 and the total Artillery Systems revenue is expected to grow at a CAGR of 6.8% from 2025 to 2032, reaching nearly USD 25.97 Billion.
Artillery Systems Market Overview:
The Artillery Systems market is witnessing steady growth as nations increasingly modernize their defense capabilities to address evolving security challenges. Artillery systems, including self-propelled, towed, and rocket artillery, play a crucial roleโฆ
More Releases for Saffron
Organic Saffron Market to Witness Massive Growth by 2028 | Saffron, Noor Saffron โฆ
The Organic Saffron Market has witnessed continuous growth in past few years and is projected to grow at good pace during the forecast period of 2021-2026. The exploration provides a 360ยฐ view and insights, highlighting major outcomes of Organic Saffron industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. Additionally, the study helps venture or emerging players in understanding theโฆ
Rising COVID-19 Trends Saffron Market Forecast to 2027 Top Players are Gohar Saf โฆ
Market Analysis and Insights: Global Saffron Market
Saffron market is expected to grow at the rate of 12.09% in the forecast period 2020 to 2027. Increasing practise of saffron in the food sector owing to its magnificent color richness and flavour this ingredient adds to the food and beverage is propelling the market growth of saffron across the world. Accelerating popularity in the medical application due its calming and soothing propertiesโฆ
Saffron Extract Market 2020 | Top Companies Evolva, Rowhani Saffron Co, Sara Nut โฆ
This detailed market study covers saffron extract market growth potentials which can assist the stake holders to understand key trends and prospects in saffron extract market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. Theโฆ
Saffron Market 2020: Rising Trends And Demand Analysis By Gohar Saffron, Rowhani โฆ
Data Bridge Market Research has published a new report titled Saffron Market reports provides 5 year pre-historic and forecast for the sector and include data on socio-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization. Some are the key players taken under coverage for this study are Gohar Saffron, Rowhani Saffron Co., Iranโฆ
Tremendous Growth of Saffron Market to Huge Growth Including Top Key Players Nov โฆ
The worldwide Saffron Market size is extending at a CAGR of +12% over the gauge time frame, as per another report by CMFE Insights report.
Saffron Market is likewise utilized for the treatment of sorrow, neuronal damage, nervousness, insulin opposition, and diabetic neuropathy. Rising item use in the treatment of skin inflammation, tan expulsion, and other skin related issues, is relied upon to fuel its need in the assembling ofโฆ
Saffron Market Analysis with Industry Insights - Saffron include,Novin Saffron , โฆ
In 2015, the Saffron Market for target countries (Netherlands, Iran, U.S., U.K., Germany, France, Spain, China, Belgium, Luxembourg & Italy) was valued at nearly US$ 350 Mn which is expected to reach nearly US$ 480 Mn by 2021 end. The saffron market for target countries is expected to be valued at nearly US$ 620 Mn by the end of 2026, registering a CAGR of 5.3% over the forecast period. Theโฆ
