According to Markntel Advisors Report, Saffron Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

The dried stigmas of the Crocus sativus flower are used to make saffron, a spice. Saffron is used in medicine, cuisine, and coloring. Saffron has a powerful, aromatic scent as well as a bitter, slightly metallic flavor. It's used to taste and color foods like rice, cakes, and soups. In traditional medicine, saffron is used to treat a range of diseases, including depression, anxiety, and menstrual cramps.

Saffron Market Research Report & Summary:

The Global Saffron Market size is valued at around USD 684 million in 2023 & is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30..                  

Time Period Captured in the Report:

·        Historical Years: 2019-2022

·        Base Years: 2023

·        Forecast Years: 2024-2030

Who are the Key Players Operating in the Saffron Market?

The top companies of the Saffron Market ruling the industry are: 

Safrante Global Company S.L.U., Evolva, Rowhani Saffron Co, Sara Nuts, Tarvand Saffron Co, Hijos de Eustaquio Abad & Co. S.L., USMS Saffron Co. Inc., Royal Saffron Company, Saharkhiz International Group Companies, Gohar Saffron, Novin Saffron Co., Azafranes Manchegos SL and Others

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What is included in Saffron Market Segmentation?

The Saffron Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Type
• Dasteh Saffron-Market Size & Forecast 2019-2030F, USD Million
• Pushal Saffron- Market Size & Forecast 2019-2030F, USD Million
• Sargol Saffron- Market Size & Forecast 2019-2030F, USD Million
• Super Negin Saffron- Market Size & Forecast 2019-2030F, USD Million
• Konj/ White Saffron- Market Size & Forecast 2019-2030F, USD Million
• Others (Kashmiri Saffron, Moroccan Saffron, etc.)- Market Size & Forecast 2019-2030F, USD Million
• By Forms
• Threads- Market Size & Forecast 2019-2030F, USD Million
• Powder- Market Size & Forecast 2019-2030F, USD Million
• Liquid- Market Size & Forecast 2019-2030F, USD Million
• By Grade
• Grade I- Market Size & Forecast 2019-2030F, USD Million
• Grade II- Market Size & Forecast 2019-2030F, USD Million
• Grade III- Market Size & Forecast 2019-2030F, USD Million
• Grade IV- Market Size & Forecast 2019-2030F, USD Million
• By Nature
• Organic- Market Size & Forecast 2019-2030F, USD Million
• Conventional- Market Size & Forecast 2019-2030F, USD Million
• By Application
• Food & Beverages- Market Size & Forecast 2019-2030F, USD Million
• Personal Care- Market Size & Forecast 2019-2030F, USD Million
• Textile Industry- Market Size & Forecast 2019-2030F, USD Million
• Pharmaceutical- Market Size & Forecast 2019-2030F, USD Million
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Saffron Market Driver:

Increasing Adoption of Saffron in the Food and Beverage Industry – Saffron is used in a wide range of foods and beverages, including rice dishes, pastries, soups, and beverages. The expanding popularity of ethnic cuisines, as well as the growing desire for gourmet and premium food products, are driving saffron demand in the food and beverage industry.

Saffron is primarily used as a spice, herb, and seasoning. It is the best alternative to synthetic additives and also provides nutritional benefits. Thus, contributing positively to the market growth. It is preferred over artificial ingredients when used as a natural coloring and flavoring agent. It is used in a variety of recipes in different cuisines around the world.

Additionally, it is used in various food compositions, such as cake mixes, drink powders, crème caramel powder, and other similar semi-finished saffron products. Many foods and drinks are made from saffron. The food and beverage segment of this market is expected to grow significantly in the coming years, mainly due to the significant value of spices as flavoring agents. With the expansion of the food industry, the Global Saffron Market size is expected to grow in the coming years.

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