NEW YORK , July 25, 2024 /PRNewswire/ -- The global saffron market size is estimated to grow by USD 225.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.
09% during the forecast period. Growing use in the pharmaceutical and cosmetics industries is driving market growth, with a trend towards expansion of saffron cultivation. However, high production costs of saffron poses a challenge .
Key market players 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.. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Formulation (Thread, Powder, and Liquid), End-user (Food, Medical, Cosmetics, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America) Region Covered APAC, Europe, North America, Middle East and Africa, and South America Key companies profiled Al Hasad Al Fakher Trading Est.
, AZAFRANES MANCHEGOS SL, Esfedan Saffron Co.,.