Saffron Market is estimated to be US$ 816.39 billion by 2030 with a CAGR of 8.2% during the forecast period
Saffron Market accounted for US$ 374.6 billion in 2020 and is estimated to be US$ 816.39 billion by 2030 and is anticipated to register a CAGR of 8.2%. Saffron, which is made from the dried stigmas of Crocus sativus flowers, is a well-known spice with antidepressant properties. The most important bioactive elements of saffron are crocin, crocetin, safranal, and picrocrocin, which were discovered in a chemical examination of saffron extract. Saffron and its ingredients have antitumor effects through a variety of mechanisms, including (a) cell cycle arrest, (b) DNA and RNA synthesis inhibition, (c) ability to scavenge free radicals, (d) involvement in the metabolic conversion of carotenoids to retinoids, (e) direct or indirect interactions with topoisomerase II, (f) promotion of interactions mediated through lectins, (g) down modulation of metalloproteina
The report " Global Saffron Market, By Form (Liquid, Thread and Powder), By Application (Food & Beverage, Cosmetics, Medicine and Textile), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
· In December 2020, The Jammu and Kashmir government has launched Kashmiri saffron in the UAE market for the first time in order to promote the spice, which just got a geographical indication tag.
Analyst View:
In the projected future, rising demand for saffron in medical and cosmetic applications is expected to be a key driving force for the market. Saffron is high in antioxidants and has a number of health advantages. Picrocrocin, safranal, and crocin are the primary active chemicals found in saffron. These chemicals aid in the reduction of oxidative stress and inflammation in the brain. Saffron is also recognized for its memory-enhancing, antioxidant, and anti-inflammatory qualities, all of which are expected to drive market expansion. In the cosmetics business, it is also employed as a natural UV-absorbing ingredient.
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Key Market Insights from the report:
Global Saffron market accounted for US$ 374.6 billion in 2020 and is estimated to be US$ 816.39 billion by 2030 and is anticipated to register a CAGR of 8.2%. Global Saffron market is segmented into form, application and region.
· Based on Form, the Global Saffron Market is segmented into Liquid, Thread and Powder.
· Based on Application, the Global Saffron Market is segmented into Food & Beverage, Cosmetics, Medicine and Textile.
· By Region, the Global Saffron Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Saffron Market:
The key players in the global Saffron market includes Gohar Saffron, Iran Saffron, Safrante Global Company, Evolva, Rowhani Saffron Co., Tarvand Saffron Co., Baby Brand Saffron, Royal Saffron Co., Novin Saffron, Hijos de Eustanquio Abad & Co. SL.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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