The saffron extracts market which was valued at USD 0.5 billion in 2021 is expected to reach the value of USD 0.92 billion by 2029, at a CAGR of 7.9% during the forecast period of 2022-2029.
The Saffron Extracts Market Scope and Size
The global saffron market is expected to grow at a breakneck pace in the coming years. The growing popularity of herbal plants and plant-derived spices has opened up new opportunities for growth in the global saffron market. The use of premium spices in high-end industries such as food and beverages, pharmaceuticals, and medicine has fuelled the global market growth.
The saffron extracts market is segmented on the basis of nature, form and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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Market Analysis and Insights - Global Saffron Extracts Market
Asia-Pacific is expected to be the fastest-growing region. Rising disposable incomes and changing lifestyles of people have resulted in increased spending on food and beverages, cosmetics, and other personal care products in this region. Furthermore, rising awareness of the health benefits of saffron extract is expected to drive market growth in this region.
Market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries.
The presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Saffron Extracts MarketCountry Level Analysis
The countries covered in the saffron extracts market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Saffron Extracts Market Share Analysis
The saffron extracts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to saffron extracts market.
Key Players Saffron Extracts Market
· Gohar Saffron (Iran)
· SURFIRAN (Iran)
· Safrante Global Company (Spain)
· Evolva (Switzerland)
· Rowhani Saffron Co. (Iran)
· Hijos de Eustaquio Abad & Co. SL (Spain)
· Tarvand Saffron Co. (Iran)
· Baby Brand Saffron (India)
· Royal Saffron Company (India)
· Saharkhiz International Group Inc. (Canada)
· Novin Saffron (Iran)
· Azafranes Machegos SL. (Spain)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global saffron extracts market by Product & Procedure type
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