The Saffron Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.

What will be the market size of Saffron market 2030?

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.

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Who are the top companies operating in the Saffron market?

The report features prominent companies operating in the Saffron market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in 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 and Others.

What is the key factor projected to fuel growth in the Saffron Market between 2024 and 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.

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.

Saffron Market - Segmentation Analysis

  • By Type (Dasteh Saffron, Pushal Saffron, Sargol Saffron, Super Negin Saffron, Konj/ White Saffron, Others (Kashmiri Saffron, Moroccan Saffron, etc.))
  • By Forms (Threads, Powder, Liquid)
  • By Grade (Grade I, Grade II, Grade III, Grade IV), By Nature (Organic, Conventional)
  • By Application (Food & Beverages, Personal Care, Textile Industry, Pharmaceutical), Others 

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How does the Saffron Market vary across different geography?

By Region

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

Though Europe held a significant share of the Global Saffron Market in the past, Asia Pacific is predicted to be the fastest-growing regional market for saffron over the forecast period, driven by rising saffron demand in India and China.

This Section cover detailed analysis of revenue, market share and growth rate, historical data (2019-22) and forecast (2024-2030) of the following segmentation and geography.

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Comprehensive Table of Contents – Saffron Market Analysis and Forecast, 2030

  1. Table 1: Introduction
  2. Table 2: Executive Summary
  3. Table 3: Market Regulations, Policies & Standards
  4. Table 4: Saffron Market Size, Share & Scope, 2020-2030F
  5. Table 5: Market Trends & Developments
  6. Table 6: Market Dynamics (Key Drivers, and Challenges)
  7. Table 7: Market Hotspots & Opportunities
  8. Table 8: Market Value Chain Analysis
  9. Table 9: Market Outlook, 2020-2030F
  10. Table 10: Market Size & Analysis by Revenues (USD Million): 
  11. Table 11: Market Size & Forecast 2020–2030 by Segmentation
  12. Table 12: Market Size & Forecast 2020–2030 by Geography
  13. Table 13: Key Strategic Imperatives for Success & Growth
  14. Table 14: Competitor Analysis of Saffron Companies

Key Benefits for Industry Participants and Stakeholders

  • Insight into emerging market trends and investment opportunities
  • Understanding of regional market dynamics and competitive landscapes
  • Data-driven forecasts to support strategic decision-making
  • Access to industry benchmarks for performance evaluation
  • Identification of potential risks and growth challenges

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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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