The food and beverage segment of this market is expected to grow significantly in the coming years, mainly due to the significant value of spices as flavoring agents. With the expansion of the food industry, the Global Saffron Market size is expected to grow in the coming years.
According to MarkNtel Advisors study, The Global Saffron Market size is valued at around USD 684 million in 2023 & is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
Saffron farming has a considerable environmental impact, including water use, pesticide use, and soil damage. Consumers are becoming more aware of these consequences and are demanding environmentally sustainable saffron.
Saffron is a labor-intensive crop, and workers in the industry are frequently underpaid and overworked. Consumers are becoming increasingly concerned about the social impact of saffron cultivation and are seeking fair and ethical saffron. As a result, people are increasingly looking for environmentally and socially responsible saffron manufacturing methods. As a result, it is influencing the current and future state of the Global Saffron Market.
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Key Findings in Saffron Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
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Reports Delivery Format
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Saffron Market Key Players:
Safrante Global Company S.L.U., Evolva, Rowhani Saffron Co, Sara Nuts, Tarvand Saffron Co, Hijos de Eustaquio Abad & Co. S.L., USMS Saffron Co. Inc., Royal Saffron Company, Saharkhiz International Group Companies, Gohar Saffron, Novin Saffron Co., Azafranes Manchegos SL and Others
Market Segmentation Overview:
By Type
-Dasteh Saffron
-Pushal Saffron
-Sargol Saffron
-Super Negin Saffron
-Konj/ White Saffron
-Others (Kashmiri Saffron, Moroccan Saffron, etc.)
By Forms
-Threads
-Powder
-Liquid
By Grade
-Grade I
-Grade II
-Grade III
-Grade IV
By Nature
-Organic
-Conventional
By Application
-Food & Beverages
-Personal Care
-Textile Industry
-Pharmaceutical
The food and beverages segment is the leading based on application as saffron is used in this segment for a variety of purposes. Saffron is often used in food and beverage applications to give it a unique color, aroma, and taste. It is often used in rice dishes, pastries, soups, and desserts. The growing popularity of ethnic cuisines, especially Indian and Iranian cuisine, has increased the demand for saffron in the food and beverage industry.
Saffron is an integral part of these culinary traditions, lending its unique color, aroma, and flavor to everything from aromatic curries and aromatic rice preparations to delicately spiced desserts and refreshing drinks. It is used in a wide range of dishes. Therefore, the high demand for saffron from the food & beverages segment is anticipated to augment the growth of the Global Saffron Market in the forecast period.
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
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