Press release
Saffron Market Set to Flourish: Global Insights and Regional Trends
The global saffron market is experiencing robust expansion, driven by its increasing applications across various industries. Valued at approximately USD 602.2 million in 2023, the market is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/24308/
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Saffron's unique flavor, aroma, and health benefits have led to its widespread use in culinary, medicinal, and cosmetic applications. The spice is rich in antioxidants, including picrocrocin, safranal, and crocin, which help reduce oxidative damage and inflammation in the human brain. These properties are contributing to its growing demand globally.
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam is witnessing a gradual increase in saffron consumption, particularly in the culinary sector. The country's rich culinary traditions are embracing saffron for its distinct flavor and color, presenting opportunities for market expansion.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
In Thailand, the wellness and spa industry is incorporating saffron into various treatments, capitalizing on its antioxidant properties. This trend is contributing to a steady rise in saffron demand within the country.
๐๐๐ฉ๐๐ง: ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's pharmaceutical and nutraceutical sectors are exploring saffron's potential health benefits, leading to increased research and product development. This focus is expected to drive saffron market growth in the coming years.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's beauty industry is recognizing saffron's skin-enhancing properties, leading to its inclusion in premium skincare products. This development is opening new avenues for saffron utilization in the country.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's diverse culinary scene is increasingly incorporating saffron, especially in high-end restaurants. Additionally, the city's health-conscious consumers are showing interest in saffron-based supplements, contributing to market growth.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐.๐.
The United States is experiencing a surge in demand for saffron, driven by its applications in gourmet cooking and the wellness industry. The spice's association with luxury and health benefits is propelling its popularity among American consumers.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe remains a significant market for saffron, with countries like Spain and Italy leading in both production and consumption. The region's rich culinary heritage and growing interest in natural health remedies continue to support saffron market expansion.
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
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 segment will expand at the fastest rate, followed by the thread and liquid segments.
๐๐ฒ ๐๐ฒ๐ฉ๐
Organic
Conventional
By Grade 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
๐๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐๐ ๐ญ๐จ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/24308/
๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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
๐ ๐จ๐ซ ๐๐๐๐ฉ๐๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฉ๐๐ซ๐ฎ๐ฌ๐ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/market-report/saffron-market/24308/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐๐๐ซ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Saffron ?
What is the growth rate of the Saffron Market?
What was the Saffron Market size in 2023?
What are the upcoming opportunities and trends for the Saffron Market?
What are the different segments of the Saffron Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Saffron Market?
What segments are covered in the Saffron Market?
Which are the factors expected to drive the Saffron Market growth?
What growth strategies are the players considering to increase their presence in Saffron ?
Who are the leading companies and what are their portfolios in Saffron Market?
Who are the key players in the Saffron market?
What is the CAGR at which the Saffron market will grow during the forecast period?
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ:https://www.maximizemarketresearch.com/request-sample/24308/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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
๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ :
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Ethernet Cable Market https://www.maximizemarketresearch.com/market-report/global-ethernet-cable-market/66964/
Zirconia Market https://www.maximizemarketresearch.com/market-report/global-zirconia-market/21638/
Dedicated Server Hosting Market https://www.maximizemarketresearch.com/market-report/global-dedicated-server-hosting-market/109734/
Claw Machine Market https://www.maximizemarketresearch.com/market-report/claw-machine-market/77400/
India Motorcycle Helmets Market https://www.maximizemarketresearch.com/market-report/india-motorcycle-helmets-market/44869/
Air Leak Testing Market https://www.maximizemarketresearch.com/market-report/air-leak-testing-market/146744/
Global Indoor Positioning and Indoor Navigation Market https://www.maximizemarketresearch.com/market-report/global-indoor-positioning-and-indoor-navigation-market/25418/
Open Angle Glaucoma Market https://www.maximizemarketresearch.com/market-report/open-angle-glaucoma-market/189238/
Global Smt Placement Equipment Market https://www.maximizemarketresearch.com/market-report/global-smt-placement-equipment-market/21876/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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