The global saffron market size is expected to be worth around US$ 730.5 million by 2030, according to a new report by Vision Research Reports.
The global saffron market size was valued at US$ 380.6 million in 2020 and is anticipated to grow at a CAGR of 9.5% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 730.5 million by 2030 |
| Growth Rate | CAGR of 9.5% from 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Grade, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Mehr Saffron; Flora Saffron; Royal Saffron Company; Safrante Global Company; Esfedan Saffron Company; Tarvand Saffron Company; Saffron Business Company; Iran Saffron Company; Rowhani Saffron; Gohar Saffron |
Growth Factors
The demand for saffron has been growing rapidly owing to several factors, such as the growing demand for natural ingredients in the food industry. Furthermore, the medicinal properties of saffron have also been one of the key driving factors contributing to the growth of the market. Saffron is the most versatile and costliest spice in the world. Saffron is the dry stigma of Crocus Sativus, where each flower has only 3 stigmas. The process of handpicking the saffron thread is very labor-intensive and over 70,000 flowers produce 1 pound of saffron.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Saffron are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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