Press release
Saffron Market is anticipated to grow at a CAGR of 7.9% during 2023-2032 | JMD Agro Foods, Saffron Tech, Royal Saffron
Saffron is a spice that is derived from the Crocus sativus flower. The flower is native to Greece and Asia Minor. Saffron is used in many different cuisines around the world, including Indian, Persian, and Spanish dishes. It is also used as a dye and in perfumes.
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Saffron consists of stigmas, which are the female reproductive organs of the flower. The stigmas are dried and then used either whole or ground. Saffron has a pungent, bitter taste and an intense aroma. It is used to flavor and color dishes such as risotto, paella, and bouillabaisse. It can also be used to make saffron tea.
Saffron is very expensive, due to the fact that it takes approximately 75,000 stigmas to make just one ounce of the spice. The stigmas must be carefully hand-picked, which makes the process very labor-intensive. Saffron is considered to be the most expensive spice in the world.
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Market Drivers and Trends
The key drivers of the saffron market are quality, price, and availability. Saffron is a highly prized spice, and as such, its price is reflective of its quality. The best saffron is typically sourced from Iran, and as a result, Iranian saffron is often the most expensive. However, saffron from other origins can be just as good in quality, and as a result, its price is more reflective of its availability. Saffron is also a relatively rare spice, and as a result, its price is also reflective of its availability. When demand is high and supplies are low, the price of saffron will increase.
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Market Segments
By Form
Liquid
Thread
Powder
By Application
Food and Beverage
Cosmetics
Medicine
Others
By Distribution Channel
Online Stores
Offline Stores
By Region
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Spain
Rest of Europe
The Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
The Middle East
Africa
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Major Players in the Global Saffron Market
The key players studied in the report are JMD Agro Foods, Taj Agro Products, Good Life Global, Saffron Tech, Royal Saffron, Shahri Food Products, Gohar Nab Sara, Pharmacive Biotech Products, Rowhani Saffron Co., and Gohar Saffron among others.
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