During the projected period, Saffron market is expected to grow at a CAGR of 10.8 %. The market value is projected to increase from US$ 480 Million in 2022 to US$ 804.4 Million by 2032.
The value of the saffron market in Iran was approximately $330 million in 2021, and is expected to reach more than $500 million by the time you reach 2026. The saffron market in Iran is expected to be valued at over $600 million by the end of 2032, amounting to a CAGR of 5.7%. In the saffron market in Iran, experts forecast an opportunity of nearly $17 billion in 2022 over 2021 and updates for an anticipated incremental opportunity of about $200 million between 2022 and 2032.
The market for saffron is expanding significantly as a result of growing consumer knowledge of the spice’s culinary uses and health advantages. Saffron is used in a variety of industries, including food, cosmetics, and pharmaceuticals, due to its distinctive flavour, colour, and therapeutic benefits. In the upcoming years, the industry is anticipated to experience consistent growth.
Explore the Lucrative Saffron Market: Request a Sample Report to Uncover Growing Demand, Culinary Delights, and Health Benefits of Saffron :
http://www.futuremarketinsights.com/reports/sample/rep-gb-1840
According to the research, the retail sector would remain the main consumer of saffron in these nations. Retail enterprises are expected to account for more than US$ 160 Mn in saffron. However, the market will observe a significant increase in saffron’s final usage in the manufacture of cosmetics, with a 5.1% CAGR in revenue growth. The use of saffron as a spice, herb, or flavour component will also influence consumption. Additionally, over the course of the projected period, the flavouring & spice function will account for approximately three-fourths of the saffron revenues generated in these nations.
Key highlights from the report on saffron market for targeted countries include:
- Iran’s saffron market will expand at 5.7% CAGR, and register substantial growth in production of powdered saffron
- More than 90 Mn worth of saffron powder will be consumed in the US by the end of 2026
- In UK’s saffron market, medical & pharmaceutical industry will record revenue growth at 6% CAGR during forecast period
- Demand for saffron will be low in Germany as the country’s market is expected to be valued at just over US$ 4 Mn by 2026-end
- The saffron market in France, Spain, China, Luxemburg and Italy will exhibit growth at less than 3% CAGR
- Between 2016 and 2026, Netherlands’ saffron market will showcase an incremental opportunity of US$ 2 Mn
The report also profiles leading manufacturers of saffron partaking in the markets across these targeted countries, namely, Safrante Global Company, SLU, Evolva, Rowhani Saffron Co., Hijos de Eustaquio Abad & Co. SL, Sara Nuts, Tarvand Saffron Co., USMS Saffron Co. Inc., Royal Saffron Company, Saharkhiz International Group Companies, Gohar Saffron, Novin Saffron Co., and Azafranes Machegos SL.
Unlock Deeper Insights: Customize Your Saffron Market Report to Gain In-Depth Analysis, Growth Projections, and Leading Manufacturer Profiles Across Targeted Countries :
https://www.futuremarketinsights.com/ask-question/rep-gb-1840
Market Segmentation
By Form
- Thread
- Powder
- Liquid
By End Use
- Retail
- Food Service
- Culinary Products
- Dairy Products
- Confectionery
- Tea
- Others
- Medical & Pharmaceuticals
- Cosmetics
- Skin Care
- Hair Care
- Others
By Function
- Flavouring & Spice
- Herbs
- Others
By Key Countries
- Netherlands
- Iran
- U.S.
- U.K.
- Germany
- France
- Spain
- China
- Belgium
- Luxembourg
- Italy
Frequently Asked Questions
- What is the outlook of the saffron market from 2016 to 2026?
- Which manufacturers are currently active in the global saffron industry?
Curious to Dive Deeper? Consult Our Analyst for In-Depth Insights and Customized Analysis on Saffron Market Segmentation, End Uses, Functions, and Key Countries :
https://www.futuremarketinsights.com/ask-question/rep-gb-1840
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
