US Saffron Market Overviews
The US Saffron Market size was valued at USD 360 Mn. in 2023 and the total US Saffron revenue is expected to grow at a CAGR of 7.8% from 2024 to 2030, reaching nearly USD 609 Mn. in 2030.
Saffron, is a globally renowned premium spice derived from the Crocus sativus flower and gained its exclusive status. The hand-plucking of the threads, a labor-intensive process, contributes to its high cost. With over 85% of production in Iran, Saffron is utilized in culinary, fragrances, and personal care, owing to its unique flavor, aroma, and therapeutic properties. The US saffron market increases thanks to increasing consumer awareness, a preference for organic products, and rising demand for natural components. Saffron’s antioxidant and anti-inflammatory features drive its growth in culinary, medicinal, and cosmetic applications, aligning with the luxury product consumption trend. Also, innovations in farming technology and government initiatives play a significant role in inspiring the US Saffron market.
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US Saffron Market Scope and Methodology:
The prospect of driving demand in the Saffron market stems from increasing consumer awareness of saffron’s unique flavor and health benefits, fostering economic growth, and encouraging innovation in saffron-based products. Sustainability become a focus, prompting eco-friendly farming practices, and premiumization elevates saffron’s status, commanding higher prices and attracting luxury brands. Education efforts actively promote transparent and ethical market practices.
US Saffron Market Regional Insights
US Saffron Market The stigma most prized part of the crocus flower gives saffron its distinct colour, Flavor, and aroma, constituting its high value. This quality renders saffron cultivation a lucrative venture for farmers. Saffron, aside from its culinary applications, holds a rich history in traditional medicine, with recent studies suggesting potential anti-cancer and anti-depressant properties.
US SaffronMarket Segmentation
Based on Formulation, the Stigma segment held the largest market share of about 70% in the US Saffron Market in 2023. According to the STELLAR analysis, the segment is expected to grow at a CAGR of 7.9% during the forecast period. It stands out as the dominant segment within the US Saffron Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.
US Saffron Market Key Players
Frontier Natural Products
World Spice Merchants
Saffron Empire
Red & White
Simply Organic
Rumi Spice
Maya Saffron
Zaran Saffron
Golden Saffron
Saffronice
Saffron Valley
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Key questions answered in the US Saffron Market are:
- What is US Saffron ?
- What was the US Saffron market size in 2023?
- What is the growth rate of the US Saffron Market?
- Which are the factors expected to drive the US Saffron market growth?
- What are the different segments of the US Saffron Market?
- What growth strategies are the players considering to increase their presence in US Saffron ?
- What are the upcoming industry applications and trends for the US Saffron Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the US Saffron Market?
- Who are the leading companies and what are their portfolios in US Saffron Market?
- What segments are covered in the US Saffron Market?
- Who are the key players in the US Saffron market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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