As we look to the future, the market for saffron is expected to be driven by its increasing demand in both medical and cosmetic applications.
This precious spice is packed with antioxidants and provides numerous health benefits. Its key active substances – picrocrocin, safranal, and crocin – have been shown to reduce inflammation and oxidative stress in the brain. It is no wonder that saffron is highly valued for its memory-enhancing, anti-inflammatory, and antioxidant properties, and its popularity is expected to continue to rise.
In addition, saffron is a natural UV-absorbing component, making it a sought-after ingredient in the cosmetics industry. With its many benefits and diverse applications, it is clear that saffron is a valuable commodity that will remain in demand for years to come.
The 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 croc in, crocheting, 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 retinoid, (e) direct or indirect interactions with topoisomerase II, (f) promotion of interactions mediated through lections, (g) down modulation of metalloproteinase, etc.
Segmentation:
The market for saffron in the world was worth US$ 374.6 billion in 2020, and it is projected to grow to US$ 816.39 billion by 2030, with a CAGR of 8.2%. The North American, European, Asian Pacific, Latin American, and Middle East & Africa regions make up the majority of the worldwide saffron market. The Asia Pacific region had the greatest revenue share in 2018, followed by the other regions, and it is anticipated that it will keep that position during the projected period. This is mostly because saffron is produced in greater quantities in nations like Iran and India and is used in numerous traditional dishes. The increased demand for saffron’s therapeutic benefits would also undoubtedly spur the expansion of the world saffron market in this area.
Key Players:
Gohar Saffron
Iran Saffron
Safrante Global Company
Evolva, Rowhani Saffron Co.
Tarvand Saffron Co.
Baby Brand Saffron
Royal Saffron Co
Novin Saffron
See the full press release on Digital Journal on Trends Driving the Future of Saffron Market: Report 2030 for more information.
