Press release
Saffron Market Projected Touch Approximately USD 1.83 Billion., Growing At a Rate of 7.3% From 2024-2030
Saffron Market
The global saffron market was valued at USD 1.12 billion in 2023 and is projected to climb to nearly USD 1.83 billion by 2030, advancing at a CAGR of 7.3% from 2024 to 2030.
Higher Demand is particularly visible in the Asia Pacific, where the market is expected to lead during the forecast period.
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►Competitive Landscape
Competitive landscape includes innovative offerings such as Activ'Inside's Safr'Inside encapsulation patent, Pharmactive Biotech's Affron, and Tata Consumer Products'
►Regional Insights
♦ United States - Growth & Opportunity
The United States is at the forefront of health-conscious usage of saffron, particularly in gourmet and wellness sectors. Rising consumer awareness of saffron's natural health benefits fuels demand in nutraceuticals, skincare, and premium food products. Companies like Rumi Spice are instrumental in promoting Afghan saffron across the U.S.
♦ Asia Pacific - Trends & Consolidation
Asia Pacific is expected to dominate the saffron market, with India playing a pivotal role - both as consumer and, via Kashmir, as a premium origin of saffron.
Mergers & Acquisitions: No explicit region-specific M&A activity reported in the source, though global acquisitions like Natac/INOREAL may influence supply chains.
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♦ Middle East and Africa - Trends & Consolidation
This region is a strong contributor to global saffron production, particularly through nations like Iran and Afghanistan.
M&A Activity: No specific M&A events cited, but the competitive list features prominent regional players such as Rowhani Saffron Co. and Iran Saffron Company.
♦ Europe - Trends & Updation
Europe, spearheaded by Spain's legacy in high-quality saffron (La Mancha), commands a significant market share, especially in high-end culinary and cosmetic applications.
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► Market Segmentation: In-Depth Analysis:
By Formulation
Liquid
Powder
Stigma
Petals
Stamen
by Type
Organic
Conventional
By Grade
Grade I
Grade II
Grade III
Grade IV
By Application
Food Supplements
Cosmetics
Personal Care Products
Food & Beverage
Others
By Distribution Channel
B2B
B2C
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/saffron-market/24308/
► Learn about the top players driving innovation in the Market :
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
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