Saffron Supplements Market: By Type (Bunch, Pushal, Negin, White/Konj, Kashmiri, Others), By Form (Tablet/Capsules, Gummy, Powder/ Granules, Liquid), By Distribution Channel (Hypermarket/ Supermarkets, Grocery Stores, Online Stores, Specialty stores, Others) and Geography

Saffron Supplements Market is projected to reach USD 584.4 million by 2030 at a CAGR of 7.52% from 2024 to 2030. Increasing demand for saffron in cosmetic and pharmaceutical applications is anticipated to be a key factor driving the market during the forecast period. High in antioxidants, saffron has numerous health benefits. The three main active components of saffron are picrocrocin, safranin, and crocin. These compounds help reduce oxidative brain damage and inflammation. Saffron is also believed to have anti-inflammatory and antioxidant properties, which would likely contribute to market expansion. It is also claimed to boost memory. It is also used in the cosmetics industry as a natural UV absorbent component.

Important processing technologies include the use of electric nose, pilot scale, and image processing. Furthermore, the market in saffron supplements is anticipated to rise at a robust compound annual growth rate (CAGR) due to the remarkable demand from emerging regions and millennials. Key growth factors in the Saffron Supplements market include technological advancements that enable effective production, portfolio expansion, sophisticated design and packaging, efficient operational maintenance, and sales monitoring. However, saffron supplements market limitations throughout the forecast period, includes supply chain disruptions, adhering to strict food safety and labelling laws, expanding competition, maintaining inflation in key areas, and fluctuating raw material prices are expected to increase input costs.

Saffron Supplements Market Key Developments:

• In 2023, The United States has granted a new patent to Safr'Inside, a saffron stigma extract from Activ'Inside (Bordeaux, France), protecting the composition and dosage of safranol in the encapsulated saffron extract. The extract has a high concentration of safranal content because it is created with a special encapsulation process called Techcare, which shields saffron from changes and maintains its original composition to guarantee a full spectrum product.
• In 2022, Affron Pharmactive Biotech Products, S.L.U.'s premium saffron ingredient, generated double-digit growth in the first quarter of 2022 and solidified its leadership position in the US saffron mental wellness market.