Saffron Market Achieves USD 684 million in 2023, Braces for 7.5% CAGR Elevate Until 2030

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Saffron Market Achieves USD 684 million in 2023, Braces for 7.5% CAGR Elevate Until 2030

In-Depth Analysis of the Global Saffron Market: 2024-2030 Forecasts

MarkNtel Advisors has recently released an in-depth study on the Saffron Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.

How big is the Saffron Industry?

The Global Saffron Market was valued at USD 684 million in 2023 and it is estimated to grow at a CAGR of about 7.5% during the forecast period, i.e., 2024-30. 

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Who are the top players in the Saffron Market?

  • 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
  • Others

Global Saffron Market Segmentation:

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

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Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

What are the primary market drivers influencing the growth of Saffron Market?

Global 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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Gain a Competitive Edge with Market Research Report

  1. The Global Saffron Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
  2. Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
  3. The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
  4. Apart from market trends and projections, the Global Saffron Market Report assists in assessing and mitigating risks associated with entering or operating in the market
  5. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.

About Us

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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