Organic Saffron Industry Growth in Middle East region with CAGR 3.15%

Market Research Future published a half cooked research report on Global Organic Saffron Market which is estimated to grow more than 3.15% during the period of 2017-2023

Industry Study

Increasing sale of organic saffron is driven by rising awareness among the consumers about the health benefits gained from consumption of saffron in its chemical-free form. High antioxidant content of organic saffron makes its application more significant in personal care products due to its anti-ageing properties. Increased medicinal application of saffron has resulted in growth of saffron share in the pharmaceutical industry. Increasing disposable income and economy development has influenced the consumers spending behavior leading to increased expenditure on quality products. All these factors contribute to increased market share of saffron globally. The consumption as well as production of organic saffron is found to be high in Middle East region and is evaluated to increase at a positive growth rate in various countries of North America, Europe and Asia Pacific.

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Competitive analysis-

The major key players in Organic Saffron market are

Mehr Saffron (Iran)
Rowhani Saffron Co. (Iran)
Spicely Organics (U.S.)
Frontier Natural Products Co-op. (Norway)
Epicure Garden (U.S.)
Baby Brand Saffron (India)
Indus Organics, Inc. (U.S.)
Organic Saffron manufacturers across various regions follow the strategy of improving their existing product line by adding innovations for their business expansion. Due to this the application of organic saffron is increasing across various industries. In the Middle East region, Iran is among the dominating countries holding a major share in organic saffron market and exports the product in various other countries which include Spain, China, France, Italy and others.

Regional Analysis

The Global Organic Saffron Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Middle East and Africa (Rest of the World) holds a major market share followed by Asia Pacific region. High demands for healthy spices with widespread applications from the developed countries of these regions is contributing to the positive growth of organic saffron market. U.S., the Netherlands, Germany, Saudi Arabia, and Japan are the major importers of organic saffron.

Market Segmentation-

Organic saffron has been segmented on the basis of form which comprises of powder, threads, liquid, others. Organic saffron in the form of threads is found to hold a major share due to high consumer preference for unprocessed saffron threads.

Organic saffron has been segmented on the basis of application which include food, personal care products, pharmaceuticals, others. Food based applications holds a lion’s share among the various applications based on its wide usage across food industries as a natural food color as well as to impart a unique flavor to the food product.

Organic Saffron has been segmented on the basis of distribution channel which comprises supermarket/hypermarket, specialty retailers, convenience stores, e-commerce, others. Sale through supermarket/hypermarket is growing at a higher growth rate backed up by a convenient shopping experience of the consumers.

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