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The saffron market size is forecast to increase by USD 225 million, at a CAGR of 8.09% between 2023 and 2028. The pharmaceutical and cosmetics industries are witnessing an increase in the utilization of saffron extract, driven by its diverse applications and beneficial properties. Simultaneously, there is a notable rise in awareness regarding the health advantages associated with its consumption, further fueling its demand. This heightened awareness extends to its usage in both traditional and modern medicine, as well as in cosmetic skin care and beauty products. Moreover, there is a growing consumer preference for natural and organic ingredients, aligning with the trend towards sustainable and wellness-focused lifestyles. This shift in consumer preferences underscores the increasing demand for saffron-derived products across various sectors. As businesses respond to this demand, there is a growing emphasis on sourcing high-quality saffron and integrating it into product offerings to cater to health-conscious consumers.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Formulation
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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