The Global saffron market size is USD 554 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.60% from 2023 to 2030.
Throughout the projected period, the market is anticipated to be significantly driven by the growing demand for saffron in cosmetic and medical applications.
Demand for grade I saffron remains higher in the saffron market.
The food & beverages category held the highest saffron market revenue share in 2023.
Middle East & Africa will continue to lead, whereas the Asia Pacific saffron market will experience the fastest growth until 2030.
