The Global Saffron market study covers in-depth analyses of key players in terms of market, applications, and regions to help you identify domestic and international competition. The biggest rivals in the Global Saffron market are discussed in the study in terms of company size, market share, market expansion, revenue, output volume, and profitability. By providing thorough profiles of companies and the goods/services they provide, it helps you better comprehend the competition. We use a variety of approaches, including competitive benchmarking, the BCG matrix, and others to determine the market share of companies in the Global Saffron market.

 

Global Saffron Market size was valued at US$ 946.06 Mn. in 2020 and the total revenue is expected to grow at 7.3 % CAGR through 2021 to 2027, reaching nearly US$ 1549.24 Mn.

 

Global Saffron Market Overview:

The Jammu and Kashmiri government said in 2020 that its Kashmiri saffron had received a GI (geographical indication) tag and that it was getting ready to introduce the spice to the UAE market. With this action, J&K becomes a household name.

One of the priciest spices, saffron is utilised in many different foods, drinks, and medications. The current drivers of demand are herbal medicine, aroma, textile dye, and cooking spices. Its usage as an anti-depressant, antioxidant, and antibacterial is expected to keep therapeutic applications a top focus for market vendors.

 

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Global Saffron Market Segmentation

Based on formulation, Global Saffron Market is segmented into Powder, Liquid and Thread. The thread segment dominate the market with a major share of 58% globally. Increasing usage of the powder form of saffron for application in the food & beverages industry and in medical applications is expected to grow during the forecast period. A liquid segment was projected to account for a value share of 5.6%. Low availability of saffron in liquid form may restrain revenue growth of the related segment over the forecast period. The powder segment will grow at the highest CAGR of xx% followed by thread and liquid.

 

Global Saffron Market Key Players:

  • Gohar Saffron • Rowhani Saffron Co. • Iran Saffron Company • Saffron Business Co. • Royal Saffron • Damon Enterprises • Grandor • Golden Pars Maha • Shahri Food Products • Linkage Internationals • Esfahan Pishro • Mehr Azin Bonab • Gohar Nab Sara • Great American Spice • HEA & Co Spanish • Rah Abrisham Sialk International • Taj Agro Products, • King Kesariya • Damon Enterprises • Good Life Global • Rowhani • Jmd Agro Foods

 

Global Saffron Market Regional:

Due to increasing exports and domestic demand for natural ingredients, Asia Pacific is predicted to develop at a CAGR of 6.9 percent from 2020 to 2027, accounting for the largest market share in terms of volume in 2020. India is one of the leading producers of saffron in the world thanks to its rich supply of raw materials, ideal growing regions, and thriving pharmaceutical sector. The anticipated market size for China, the second-largest economy in the world, is expected to reach US$250.2 million by 2027, exhibiting an 8.2% CAGR between 2020 and 2027.

 

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COVID-19 Impact Analysis on Global Saffron  Market :

Due to its large production and widespread public awareness of the health advantages and nutritional worth of pistachios, North America dominates the world market for pistachios. Pistachios had a market value of $ 2100 Mn in the US in 2020. North America's pistachio market is dominated by the United States, Canada, and Mexico. Pistachios are commonly eaten as snacks in America. 95 percent of the output is accounted for by the US, Turkey, and Iran. Pistachio consumption in the United States reached 255k tonnes in 2019. Pistachio agriculture is very well suited to the temperature and fertile terrain of America, which increases production.

 

About Report:

The report also helps in understanding the Global Saffron Market dynamics, structure by analyzing the Market segments and project the Global Saffron Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Saffron Market make the report investor’s guide.

 

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