IMARC Group has recently released a new research study titled “Saffron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global saffron market report, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Overview:
The market is expected to exhibit a growth rate (CAGR) of 8% during 2023-2028. Saffron is a highly prized spice that is derived from the stigma of the crocus flower, scientifically known as Crocus sativus. It is known for its distinctive flavor, aroma, and vibrant red-orange color.
Saffron is one of the most expensive spices in the world due to the labor-intensive harvesting process. Saffron is used in a variety of cuisines, including Indian, Persian, and Mediterranean, and is also used in traditional medicine due to its antioxidant, anti-inflammatory, and mood-enhancing properties.
What are the growth prospects and trends in the industry?
The increasing demand for saffron in medical applications with antibacterial and anti-inflammatory properties represents a key factor driving the market growth across the globe. In addition to this, the expanding cosmetics industry, along with the rising demand for natural and organic beauty products and increasing awareness regarding the benefits of saffron for the skin are contributing to the market growth.
The market is also driven by the increasing demand in the food and beverage (F&B) industry, especially in the production of luxury food products. Other factors, such as the increasing disposable income, especially that of middle-class consumers in the emerging economies, the easy product availability at proliferating e-commerce channels, are creating a positive outlook for the market across the globe.
Saffron Market 2023-2028 Competitive Analysis and Segmentation:
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.
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
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/saffron-market
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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