Title: Saffron Market - Forecast (2022-2027)
1Saffron MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2022-2027
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- The Saffron Market size is estimated to reach
682.3 million by 2027, growing at a CAGR of
8.1Â during the forecast period 2022-2027. - Saffron is an aromatic, bitter grassy spice
fabricated from a flower named crocus sativus
which belongs to the Iridaceae plant family used
for food coloring. - This spice has a hay-like aroma because of its
phytochemicals presence and comes in a variety of
colors which include red, yellow, orange, and
others. - Saffron is one of the costliest (by weight) and
most commonly used seasoning and coloring agents
that confer adequate color to foods.
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- Key Takeaways
- Geographically, Asia-Pacific Saffron Market
accounted for the highest revenue share in 2021.
Furthermore, Asia-Pacific is poised to dominate
the market over the period 2022-2027. - Enlarging health conditions like asthma,
Alzheimer's, and cancer, spiking threat of
communicable viruses, and escalating usage in
foods, pharmaceuticals, and personal care
products are said to be preeminent drivers
driving the growth of the Saffron Market. - Exorbitant prices, negatively impacted processing
activities because of the pandemic, and the
growing threat of climatic abnormalities are said
to reduce the market growth.
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- Saffron Market Segment Analysis-By Application
- The Saffron Market based on the Extension of
application type can be further segmented into
personal care products, food beverages,
nutraceuticals, and others. - The food beverages segment held the largest
share in 2021. - The growth is owing to the high demand for the
charismatic aroma and flavor of the saffron
during the preparation of a persity of dishes. - Saffron works as a featured spice in soups,
seafood (paella, bouillabaisse), pasta, chicken,
stews, and many others.
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- Saffron Industry Outlook
- Taj Agro International
- Shahri Food Products
- Esfedan Trading Company
- Iran saffron Company
- Flora saffron
- Saffron Business Company
- HEA Company
- Damon Enterprises
- Great American Spice
- Grandor
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- Analyst Briefing
- Data Tables
- Key Contacts
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