Press release
Saffron Market Demand And Supply 2018 to 2026 | Gohar Saffron, Iran Saffron, Safrante Global Company, Evolva, Rowhani Saffron Co., Hijos de Eustaquio Abad & Co. SL, Tarvand Saffron Co., Baby Brand Saffron, Royal Saffron Company
Saffron
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Market Dynamics
Increasing demand for saffron amongst the consumers due to its application in food industry is expected to be a major factor driving growth of the global saffron market over the forecast period. In food, saffron is used as a spice, flavoring agent, and yellow food coloring, which makes it one of the most preferred spices of consumers.
Market Taxonomy
On the basis of form the global saffron market is segmented into:
Thread
Powder
Liquid
On the basis of end-use Industry, the global saffron market is segmented into:
Food and Beverages
Pharmaceutical
Personal Care and Cosmetics
Textile
Market Outlook
Asia Pacific is expected to be the fastest growing region in the global saffron market over the forecast period due to increasing demand for saffron in pharmaceutical industry. For instance, According to India Brand Equity Foundation (IBEF), in 2017 the Indian pharmaceutical industry was valued at US$ 33 billion and expected to reach at US$ 55 billion by 2020 and exhibited a CAGR of 22.4% during the period 2014-2020.
North America held significant market share in the global saffron market in 2017 and is expected to increase over the forecast period, owing to increasing consumer preferences for natural flavoring and colorings over artificial.
Key Players
Key players operating in the global saffron market include Gohar Saffron, Iran Saffron, Safrante Global Company, Evolva, Rowhani Saffron Co., Hijos de Eustaquio Abad & Co. SL, Tarvand Saffron Co., Baby Brand Saffron, Royal Saffron Company, Saharkhiz International Group Inc., Novin Saffron, and Azafranes Machegos SL.
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