Saffron Extract Market Size, Latest Trends, Research Insights, Key Profile and Applications by 2030

Lakewood, Colorado, 2023-MAR-21— /EPR Network/ — According to the Regional Research Reports, the Global Saffron Extract Market size was valued at million USD in 2021 and will reach multi-million USD by 2030, at a CAGR of 5.2% from 2022 to 2030.

The plethora of uses associated with saffron has contributed to its allure. Saffron is a red-colored dried stigma extracted from the Crocus Sativus Linnaeus plant. Saffron extract constitutes three significant components, namely, Picrocrocine, Safranal, and Crocine, responsible for saffron extract’s bitterness, color, and aroma, respectively.

In the food industry, a saffron extract is used as a food coloring and flavoring agent, as it gives a vibrant yellow color to the food product and adds a pleasing aroma and flavor. Apart from its application in the food industry, a saffron extract is used in medicines and pharmaceuticals for preventing and curing illnesses. The saffron extract acts as an antitumor and antimutagen agent and treats painful conditions such as kidney pain, stomach pain, and menstrual pain.

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Global Saffron Extract Market Segmentation

Regional Research Reports has segmented the global saffron extract market based on nature, state, and application at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.

Global Saffron Extract Market Analysis by Nature

• Organic
• Conventional

Global Saffron Extract Market Analysis by State

• Thread
• Liquid
• Powder

Global Saffron Extract Market Analysis by Application

• Food Additives
• Medical and Pharmaceuticals
• Dietary Supplements
• Fragrance and Aromatherapy
• Cosmetics and Skin Care
• Others

Global Saffron Extract Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)

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Global Saffron Extract Market Analysis by Region and Country

• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
• The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)

Global Saffron Extract Market Competitive: Key Players

The report includes a comprehensive analysis of leading market players, such as:

• Key companies Saffron Extract revenues in global market, 2018-2021 (Estimated), (US$ Millions)
• Key companies Saffron Extract revenues market share in global market, 2021 (%)
• Key companies Saffron Extract sold in the global market, 2018-2021 (Estimated)

Leading Saffron Extract Manufacturers –

• Activ’Inside
• Monteloeder
• KINGHERBS
• Green Plants Extracts
• Safrante Global Company S.L.U.
• Rowhani SaffronCo.
• Hijos de Eustaquio Abad y Cía S.L.
• USMS Saffron Co.Inc
• Royal Saffron Company
• Novin Saffron Co.
• Gohar Saffron
• Azafranes Manchegos S.L.

(Note: The list of the key market players can be updated with the latest market scenario and trends)

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Saffron Extract Market Report Covers Comprehensive Analysis On:

• Market Segmentation & Regional Analysis
• Market Size of 10 years
• Pricing Analysis
• Supply & Demand Analysis
• Product Life Cycle Analysis
• Porter’s Five Forces & Value/Supply Chain Analysis
• Developed & Emerging Economies Analysis
• PESTEL Analysis
• Market and Forecast Factor Analysis
• Market Opportunities, Risks, & Trends
• Conclusion & Recommendation
• Regulatory Landscape
• Patent Analysis
• Competition Landscape
• 15+ Company Profiles

Saffron Extract Market Research Methodology

The report is based on analysis through extensive secondary research and primary Interviews.

The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.

Similarly following is the list of a few paid secondary sources/databases,

• Factiva
• Statista
• D&B Hoovers
• Owler
• Enlyft
• HG Insights
• Bloomberg
• Crunchbase

The primary sources include CXOs, VPs, directors, technology & innovation directors, product managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.

For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,

• Top Player’s historic revenues and Year on Year Growth
• Top Players’ regional presence and revenue patterns
• Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Product Launch, and others)
• R&D Investments & Innovation Landscape
• Start-up Ecosystem and Funding Initiatives
• Regulatory Environment and Implications (Country or region Specific)

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