Global Saffron Market is expected to grow with a CAGR of 6.1% (B2C) and 6.3% (B2B) in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.
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Global saffron market is a fragmented market, which includes a specific number of local players. The market has witnessed increased strategic developments owing to favorable market scenarios.
The major players dealing in the global saffron market are introducing a strong range of products provider along with adopting strategic initiatives such as publications, acquisition, business expansion, and awards & recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In July 2019, The Cheshire Saffron Company won the “Food Producer of the Year” category award. The owners have also been rewarded with 2 star Gmeat Taste Award and coverage on BBC Countryfile.
Baby Brand Saffron is the dominating player in the global saffron market. The other key players existing in the market include Esfedan Saffron Co., Rowhani Saffron Co., Kashmir Kesar Leader, The Cheshire Saffron Company, Novin Saffron Company, Norfolk Saffron, Retaj Agro Farms., GREEN LEAVES INTERNATIONAL, Tarvand Saffron Co, MVT Foods., Società Agricola Baghini Buonacara Srls, SAFRANTE SPECIALTY FOODS S.A., Cornish Saffron, Saharkhiz International Group Inc., English Saffron, ORGANIC KASHMIR, Zamindar Kesar, Roskorwell Farm, Mane KANCOR, Saffron Business, Red Ruby Norway, Eyjann saffron, and Mancha Saffron among others.
Baby Brand Saffron
Baby Brand Saffron was founded in the year 1965 and is headquartered in New Delhi, India. The company is focused on providing the best quality saffron worldwide and they are the largest and oldest wholesaler of saffron in India. The company has product categories namely bestseller, retail pack, premium packs, luxury gift boxes, and bulk packs and all of these are market focused categories.
For instance,
- In October 2022, Baby Brand Saffron introduced the most exclusive health-conscious luxe festive collection for an exquisite gifting experience to family, friends, and relatives. This launch would increase good seasonal sales and benefit the overall annual income of the company.
The company has a wide presence across North America, Asia-Pacific, Europe, and Middle East Africa.
Esfedan Saffron Co.
Esfedan Saffron Co. was founded in the year 1975 and is headquartered in Tehran, Iran. The company is focused on manufacturing and supplying saffron in retail as well as in bulk. The company has product categories such as retail saffron, bulk saffron, saffron herbal, saffron rock candy, and saffron tea out of which retail saffron and bulk saffron are the market focused categories.
For instance,
- In July 2020, Geltor announced the closing of a USD 91.3M Series B financing that will fuel the global expansion of its Ingredients-as-a-Service platform. The funding round aims to meet accelerating demand from global CPG companies for sustainable, functional, and 100% animal-free ingredients. The round was led by future protein pioneer CPT Capital (London, U.K.), with a significant commitment from WTT Investment Ltd. (Taipei, Taiwan).
The company has a wide presence across Asia-Pacific, Europe, North America, and Middle East and Africa.
Rowhani Saffron Co.
Rowhani Saffron Co. was founded in the year 2009 and is headquartered in Mashhad, Iran. The company is focused on organic saffron cultivation, packaging of saffron, and export of saffron to other countries. The company has product categories namely all red saffron and red & yellow saffron and all of these are market focused categories.
For instance,
- In July 2021, according to an article written by Mancha Farms, saffron could be used in nearly 150 various ways. Saffron has the ability to provide the body with the energy it needs, and because it enhances blood circulation, it also enhances metabolic function. One of the most significant benefits is that it strengthens the immune system. The high iron content of saffron causes a surge in red blood cells in the blood, which promotes blood circulation and oxygenation to the body's immunity, the company added
The company has a wide presence across North America, Asia-Pacific, Europe, and Middle East Africa.
