What is Saffron Extract Market Scope?
Saffron is the most costly spice in the world with 450 grams costing between 500-5,000 USD. The reason for its hefty price is its labour-intensive harvesting method, making the production costly. Saffron extracts are extracted from the saffron plant, which is majorly used in manufacturing, as a fragrance in perfumes and as a dye for clothes. According to some studies, saffron extract supplement helps reduce appetite, BMI, waist circumference, and total fat mass. Moreover, saffron extracts have major applications in the pharmaceutical industry as well as the cosmetics sector.
Influencing Trend:
The trend towards Organic Saffron Extract
Market Growth Drivers:
Growing Application of Saffron Extract in the Food Additives Applications and Increased Demand for Saffron Extract in the Pharmaceutical Sector
Restraints:
A High Cost of the Product Hampers the Growth
Opportunities:
Upsurging Demand from Various Applications
The Saffron Extract market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Spain and Iran will contribute to the maximum growth of United States Saffron Extract market throughout the predicted period.
USMS Saffron Co. Inc. (India), Evolva (Switzerland), Rowhani Saffron Co (Iran), Azafranes Manchegos SL (Spain), Safrante Global Company S.L.U. (Spain), Sara Nuts (Iran), Royal Saffron Company (India), Tarvand Saffron Co (Iran), Zargol Saffron (Iran) and Hijos de Eustaquio Abad & Co. S.L. (Spain) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Novin Saffron Co. (Iran), Gohar Saffron (Iran), Saharkhiz International Group Companies (Iran), Pharmactive (Spain) and KANCOR (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of United States Saffron Extract market by Type, Application and Region.
On the basis of geography, the market of Saffron Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 24 Sept. 2019, Pharmactive Biotech Products has launched its Affron all-natural, non-GMO Spanish saffron extract (Crocus sativus L.) in the Asia-Pacific market. The company claims its formulation boasts the lowest dosage threshold on the market — just 28mg per day — with proven pharmacokinetic bioavailability and rapid one-hour absorption.
Key Target Audience
Saffron Extract Manufacturers, Saffron Spice Growers, Saffron Extract Traders/Distributors, Saffron Extract Importers/Exporters, Regulatory & Government Bodies, Potential Investors, Upstream & Downstream Vendors, End Users and Others
Saffron Extract Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Saffron Extract Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Saffron Extract industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.