Srinagar, March 6 -- The global saffron market was estimated at USD 602.2 million in 2023, and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. Saffron, often referred to as 'red gold', has long been a symbol of cultural heritage and economic vitality in Kashmir. The global saffron market is projected to expand steadily, driven by its applications in healthcare and cosmetics. The spice's unique compounds, such as crocin and safranal, which contribute to its antioxidant and anti-inflammatory properties, have fuelled demand in industries ranging from pharmaceuticals to beauty products. However, realising the full potential of Jammu and Kashmir's saffron sector requires addressing challenges while buildi...