The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Saffron Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Saffron Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Saffron Market Segmentation?
The report has segmented the market into the following categories:
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
The food and beverages segment is the leading based on application as saffron is used in this segment for a variety of purposes. Saffron is often used in food and beverage applications to give it a unique color, aroma, and taste. It is often used in rice dishes, pastries, soups, and desserts. The growing popularity of ethnic cuisines, especially Indian and Iranian cuisine, has increased the demand for saffron in the food and beverage industry.
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
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Key Factor Driver Saffron Industry Growth by 2030
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.
Who are the Key Players Operating in the Saffron Industry?
The top companies of the Saffron market ruling the industry are:
- Great American Spice Company
- HEA & CO
- Mehr Saffron
- Rowhani Saffron
- Safrante Specialty Foods SA
- Tarvand Saffron Ghayen Company
- Mane Kancor
- Eyjann Saffron
- Kshipra Biotech Private Limited
- Noor Brand Saffron
- Retaj Agro Farms
- Green Leaves International
- MLS Saffron, Ltd
- Bahraman Saffron Company
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FAQs (Frequently Ask Questions)
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- Which is the Leading segment in the market?
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