Saffron Market’s USD 684 million Valuation in 2023 Propels it towards a 7.5% CAGR Triumph in the Coming Years

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

Latest Market Study report by MarkNtel Advisors: Market Research Company, “Global Saffron Market– 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)” and other forecast 2024-30”.

This report offers a detailed examination of pivotal aspects including market Size, growth factor, drivers of expansion, encompassed segments, and the pivotal role played by industry leaders.

Insight into the Global Saffron Market

The Global Saffron Market size was valued at around USD 684 million in 2023 and is estimated to grow at a CAGR of about 7.5% during the forecast period, i.e., 2024-2030. 

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Report Coverage & Detailed Breakdown

• Forecast Period: 2024 to 2030.
• Base Year: 2023
• Market Size in 2023: USD 684 million.
• CAGR: 7.5%

Segmentation Analysis: Saffron Market

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.

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Regional/ Countries Insight:

• 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.

Saffron Market Players Analysis

Thorough analysis spotlighting key players in the global Saffron market, elucidating their strategies and competitive positioning.

• 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

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Key Stakeholder Benefits

• Informed Decision-Making: Empowering stakeholders with comprehensive market insights for strategic decision-making.
• Strategic Planning: Equipping stakeholders with strategic reports to navigate market entry, product development, and competitive strategies.
• Market Sizing & Forecasting: Providing accurate data for informed investment decisions and resource allocation.
• Competitive Benchmarking: Facilitating performance assessment against industry peers and capitalizing on strengths.
• Identifying Investment Opportunities: Enabling stakeholders to spot lucrative investment prospects and maintain a competitive edge.

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