North America Saffron Supplements Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The North American saffron supplements market is expected to register a CAGR of 4.12% during the forecast period.

Key Highlights

• As a nutraceutical product, saffron is gaining popularity in North America due to its numerous health benefits. Saffron is very effective in treating anxiety attacks, which has become very common among adult age groups owing to modern lifestyles. Saffron tablets comprise bioactive compounds extracted from saffron (Crocin) that have numerous health benefits and medicinal properties.
• The United States is the dominant market in North America for the consumption of saffron supplements. Saffron supplements contain chemicals that might alter mood and may act like antioxidants. They are helpful in treating a number of conditions like depression, Alzheimer's disease, etc. Thus, the increasing need to cure such diseases is fueling the consumption of saffron supplements across the region.
• Taking saffron supplements in the short term is safe and effective for some people. However, they may cause side effects like anxiety, sleepiness, upset stomach, appetite changes, headache, etc., and some people are allergic to saffron, which restricts the market's growth potential.

North America Saffron Supplements Market Trends

Uses and Effectiveness of Saffron Supplements to Fuel Demand

• Saffron contains crocin, a major compound that offers numerous health benefits, for which it has high demand among all age groups. Some of the active components in saffron croci are anti-depressant, anti-inflammatory, and anti-convulsant, which improves memory. Saffron is also effective in treating anxiety attacks, which has become very common among adult age groups owing to modern lifestyles.
• Saffron supplements are possibly effective for Alzheimer's disease and may improve symptoms by a small amount. These supplements may also treat depression, acting as a common anti-depressant to help with symptoms. Therefore, all such uses and offering effective treatments are bound to support the consumption of saffron supplements.

United States is the Fastest Growing Country

• The United States is the leading market in the North American saffron supplements market due to rising saffron applications in nutraceuticals and pharmaceutical sectors. The increased health awareness is driving consumers towards health supplements. Though there is a decline in the anti-depressant market in the country, the fastest-growing health supplement segment supports the market growth.
• The consumption of saffron supplements is rising owing to antioxidant and anticancer benefits. Notable antioxidants include crocetin, crocin, safranal, kaempferol, etc., having anti-depressant properties that may improve memory, mood, and learning ability, along with protecting the brain against oxidative stress.
• Saffron supplements are also useful to treat depression, and with the rising prevalence of depressive states in the population, the United States is making enhanced use of such supplements. Therefore, such beneficial properties are supporting the growth of saffron supplements in the country.

North America Saffron Supplements Industry Overview

The North American saffron supplements market is highly competitive due to the presence of a number of players. Prominent market players undertake different marketing strategies to enhance their market presence. Major strategies adopted by these players include partnerships, new product launches, acquisitions, etc., to sustain the market competition. Major players in the market are LEAN Nutraceuticals, Epicure Garden, and Lean Nutraceuticals, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

This product will be delivered within 2 business days.