IMARC Group, a leading market research company, has recently releases report titled “India Saffron Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The saffron market size in India is projected to exhibit a growth rate (CAGR) of 15.10% during 2023-2028.
What is Saffron?
Saffron is a spice derived from the Crocus sativus flower and used as a food seasoning and coloring agent. It imparts a unique flavor and color to dishes, which makes them more appetizing and visually appealing. It contains various antioxidants that offer health benefits, such as helping improve mood and reduce symptoms of depression. It also aids in memory retention and neutralizing harmful free radicals in the body. It is traditionally used in Ayurvedic and Chinese medicine for its therapeutic properties. Besides this, due to its antioxidant properties and distinct color, it is widely used in the formulation of cosmetics and skin creams.
Request for a free sample copy of this report: https://www.imarcgroup.com/india-saffron-market/requestsample
What are the growth prospects and trends in the industry?
The widespread use of saffron in traditional Indian dishes, desserts, and beverages represents one of the key factors catalyzing the demand for saffron. Additionally, the increasing income levels of individuals in India are increasing the sales of this luxury spice. Apart from this, the rising trend towards organic and sustainable farming practices is resulting in the production of high-quality saffron, which is attracting health-conscious consumers. Furthermore, various leading companies are focusing on expanding their product portfolio and introducing saffron-infused products, like saffron teas, cosmetics, and wellness products, which is offering a favorable market outlook. Moreover, the easy product availability across online retail channels is propelling market growth.
E