Global Saffron Market 2024-2028
The saffron market is forecasted to grow by USD 225.3 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the saffron market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing use in the pharmaceutical and cosmetics industries, increasing awareness of health benefits of saffron, and growing demand for natural and organic products.
Technavio's saffron market is segmented as below:
By Formulation
By End-user
- Food
- Medical
- Cosmetics
- Others
By Geography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the expansion of saffron cultivation as one of the prime reasons driving the saffron market growth during the next few years. Also, quality control procedures of saffron and expansion of organized retailing will lead to sizable demand in the market.
The report on the saffron market covers the following areas:
- Saffron market sizing
- Saffron market forecast
- Saffron market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading saffron market vendors that include Al Hasad Al Fakher Trading Est., AZAFRANES MANCHEGOS SL, Esfedan Saffron Co., Gohar Saffron Co., Grandor Co., Green Leaves International, King Kesariya, La Casa de los Aromas S.L., Mehr Saffron, Norfolk Saffron, Novin Saffron Co., Organic Spices Inc., Rowhani Saffron Co., Rumi Spice, Safrante Specialty Foods S.A., Societa Agricola Baghini Buonacara Srls, The Cheshire Saffron Co., The Great American Spice Co., Trond Saffron Qain Co., and USMS Saffron Co. Inc.. Also, the saffron market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.