The market for saffron beer is anticipated to reach a value of US$ 1.2 billion in 2023 and US$ 2.1 billion by 2033. Throughout the forecast period, a CAGR of 5.7% is predicted for the market. Saffron beer is gradually gaining popularity among consumers as a premium product in alcoholic beverage section.
Market for the product has boomed exceptionally since last decade as researches on saffron has proved the fact regarding several medicinal properties of saffron which helps aid in anxiety, depression, lowering blood pressure and even in Alzheimer disease. According to research, the market is forecasted to grow with a high CAGR during the period
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Known as world’s most expensive spice, saffron is often used for premium products. Brewery industry, gearing up with this trend, is now actively using saffron as an ingredient in beers and making them more luxurious products for consumers. Companies like New Belgium Brewing is grabbing this opportunity and introducing products like La Folie, ingested with Afghan Saffron to level up sales of saffron beer products.
Saffron Beer Market in US and Canada
US market for saffron beer is driven by aroma and taste of the product. Pure saffron, harvested by local farmers, are being used in mass production of the product in the region.
Different companies are coming up with different tasted saffron beer products to thrive in the market. As an example, Fifth Ward Brewing Company has introduced Comb & Crocus, a complimentary product with delicious floral note to consume.
As fragrance and aroma plays a vital role in this region, companies are coming up with exotic combinations of spices and fruits for saffron beer in the US market. Apologue has introduced a bold and alluring saffron beer with a beautiful aromatic flavor of citrus.
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Europe Saffron Beer Market
When it comes to saffron beer, manufacturing companies in Europe are focusing on mixing and making products with different raw materials to make it more acceptable among consumers.
While different fruit and spiced beer was not much acceptable before in Europe, now that more companies are experimenting well with raw materials, the product is getting popularity over time in the region.
Leyton’s Nirvana Brewery and Hackney’s London Fields Brewery in UK has launched a new product named Zen and Berries in their portfolio.
This saffron beer is made up with hops, yeast and malt, and finally infused with saffron. The product has been well accepted there in UK with its light pink color and with a few bits of fruity sediment of blueberries as well.
Asia Pacific Saffron Beer Market
Quality is the main focus of brands operating in Asia Pacific region for saffron beer products.
Local brands, like Kati Patang in India, is concentrating on millennial-centric brews, while adding more quality to the product with Himalayan spring water.
Loaded full of natural malts and aromatic fragrance, the company is offering Saffron Lager, a crisp and light-bodied saffron beer with a hint of lemon rind flavor to give an intense quality to the product.
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Key Suppliers/Providers/Manufacturers of Saffron Beer
Some of the key manufacturers in saffron beer market includes
- Fifth Ward Brewing Company
- Kati Patang
- New Belgium Brewing
- Finnriver
- Apologue
- New Realm Brewing Company
- Mantra
- A1A Ale Works
- Saffron Brewery
- Ellicottville Brewing Co.
- Effingut Brewerkz and many others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments
By Type:
- Organic
- Conventional
By Flavor:
- Unflavored
- Flavored
- Chocolate
- Vanilla
- Orange
- Cherry
- Peach
- Berry
- Raspberry
- Blueberry
- Watermelon
- Coconut
- Citrus
- Peanut Butter
- Lime
- Root Beer
- Spicy
- Black Cherry
- Coffee
- Blackberry
By Packaging:
- Bottle
- Can
- Box
By Nutritional Content:
- Calorie-Free
- Caffeine-Free
- Gluten-Free
- Low Fat
- No Artificial Colors
- No Artificial Flavors
- Organic
- Vegan Sugar-Free
By Industry Application:
- Beverage Industry
- Brewery industry
- Health and Wellness industry
- Personal Care Industry
- Others
By Region:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, Argentina, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, South Korea, Malaysia, Indonesia, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern
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Saffron Beer Market Article Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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