- Increased demand in Saffron will result in positive growth in the medical industry.
- In the Middle East region, Iran is among the dominant countries holding a major share in organic saffron market.
- The U.S., Netherlands, Germany, Saudi Arabia, and Japan are considered the major importers of organic saffron.
Market Research Future published a half cooked research report on Global Organic Saffron Market which contains information from 2019 to 2023. Global Organic Saffron market is projected to grow at a CAGR of more than 3.15% during the period of 2019-2023.
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.
Also, increase in disposable income is found to have a positive impact on this market. Organic Saffron is also used for culinary purpose to impart peculiar flavor and color to the food product. This has a major impact in the increased sale of organic saffron in the food industries for culinary purposes.
Leading Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major Organic saffron market players. It further includes product portfolios, developments of leading major players which includes
- 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.)
The Global Organic Saffron Market is segmented on the basis of form, application, distribution channel and region.
Based on the Form, threads of organic saffron is found to be dominant holding a major market share.
Amongst the various Applications, food based application is calculated to hold a major share owning to high demand from food industries.
Convenience and one stop purchase of the product has led to the increased sale of organic saffron through supermarkets and hypermarkets.
The Global Organic Saffron Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Middle East and Africa (RoW) region has the major market share followed by Asia Pacific. Based on increasing health concerns and mass consumers promoting natural food ingredients for consumption purpose, organic saffron has gained popularity in various regions. U.S., the Netherlands, Germany, Saudi Arabia, and Japan are considered the major importers of organic saffron.