Saffron Market Methodology:
The global Saffron market size was valued at USD 1.39 billion in 2023 and is estimated to reach USD 2.66 billion by 2032 at a CAGR of 7.49 %.
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Our study also discusses the complete keyword market ecosystem, explaining the various market stakeholders, their functions and interdependencies between them. Further, with an emphasis on comprehensive segmentation analysis and geographical coverage, the study enables a profound understanding of regional trends. Moreover, we explore external factors providing a comprehensive view of the market dynamics.
Saffron Market Dynamics:
The most costly spice in the world, saffron is the result of a sophisticated synthesis of careful farming and labour-intensive processing. Its cultivation is labour-intensive, requiring careful hand-pollination and harvesting. It is derived from the Crocus sativus flower. The priceless saffron threads are created by meticulously drying the fragile stigmas. Compounds like safranal and crocin give saffron its distinct Color and flavour, and they also enhance its culinary and therapeutic uses. However, production of saffron is severely hampered by elements including climate, soil, and pests, which causes variations in price and supply. Because of its unique properties and cultural significance, saffron continues to be a highly sought-after item despite these challenges.
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Saffron Market Segmentation:
By Type
- Organic Saffron
- Traditional Saffron
By Grade
- Grade I
- Grade II
- Grade III
- Grade IV
By Application
- Scent
- Food Colouring
- Skin Treatments
- Fabric Dyeing
By Form
- Thread
- Powder
- Liquid
By Distribution Channel
- Speciality Stores
- Retail Stores
- Supermarkets
- Wholesale Distributor
- Online Stores
By End-user
- Food
- Pharmaceutical
- Personal Care Industry
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Saffron Market Key Players:
- Great American Spice (US)
- Mehr Saffron (US)
- Esfedan Trading Company (Iran)
- Tarvand Saffron Co. (Iran)
- Gohar Saffron (Iran)
- Rowhani Saffron Co. (Iran)
- Flora Saffron (Iran)
- Iran Saffron Company (Iran)
- Royal Saffron Company (India)
- Taj Agro Products (India)
- Jmd Agro Foods (India)
- King Kesariya (India)
- Grandor Co. (Iran)
- Upakarma (India)
- Everest Saffron (India)
- Waris Kesar Group (India)
- Abner Enterprises (India)
- Globalstar Company (India)
- Lion Saffron (India)
- House of Saffron (India)
- Dry Fruit Hub (India)
- Keynote (India)
- Baby Brand Saffron (India)
- Safran Global Company S.L.U. (Spain) and Other active players.
Saffron Market Regional Analysis:
Afghanistan, Iran, and India are among the nations in the region that produce saffron. For dishes like biryanis, curries, and desserts, saffron is a must. Demand and consumption of saffron are driven by its traditional and cultural value in various Asia Pacific countries. It is employed in Ayurvedic medicine and other traditional medical systems in several Asian nations, including China and India.
The Asia Pacific region receives a substantial amount of saffron exports from Iran, which is the world’s largest saffron producer. Online sales channels have grown significantly in the region, and e-commerce platforms give customers quick access to a large selection of saffron items from around the globe. Furthermore, it is anticipated that the Asia Pacific area will rule the saffron market over the forecast period due to increasing demand, high production, increasing purchasing power, and a growing export market.
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Company Profiles and Competitive Analysis:
COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Saffron Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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