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Saffron extract, derived from the stigma of the Crocus sativus flower, is one of the most valuable products within the spices and seasonings industry. This spice is primarily cultivated in Iran, Greece, Morocco, India, and some parts of Europe and America. Saffron is extensively used for its coloring and flavoring properties in various culinary dishes around the world. In addition to the culinary applications, it has a prominent role in cultural rituals and traditional medicine due to its potential health benefits.
The market for saffron extract has seen steady growth driven by the demand in the food industry as well as the pharmaceutical and cosmetic industries, where saffron is utilized for its many purported benefits, such as mood enhancement and skin health improvement. The spice is also used in dye production. Due to its labor-intensive harvesting process, which adds to its rarity and cost, saffron extract commands a premium price, contributing to its esteemed position in the spices and seasonings industry.
Among companies operating in this particular market are Safrante Global Company, Evolva, Rowhani Saffron Co, and Novin Saffron. These entities are involved in the cultivation, production, and distribution of saffron and its extracts, catering to various industries where the spice is in demand. Show Less Read more