Global Safranal Market to Reach USD 245 Million by 2032, Driven by Rising Demand in Flavor, Fragrance, and Pharmaceutical Applications
Market Overview The global Safranal Market is witnessing substantial growth, fueled by increasing demand in the food, beverage, cosmetic, and pharmaceutical industries. Valued at USD 145 million in 2023, the market is projected to reach USD 245 million by 2032, growing at a CAGR of 6.1% during the forecast period (2024–2032). Safranal, a key bioactive compound extracted from saffron, is...
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