The organic saffron market is anticipated to expand at a growth rate of 6.00% between 2021 and 2028. The market for organic saffron is growing, according to a study by Data Bridge Market Research. This increase in the market value of organic saffron may be linked to a number of causes, including the expansion of government programmes to support organic cultivation, a movement in consumer lifestyles toward a healthier one, and the growing use of saffron in medicinal treatments. This suggests that the market for organic saffron will be worth USD 415 million by 2028.
The beauty industry’s improved acceptance of organic saffron and its growing appeal globally are the main drivers of the market’s expansion. Other indirect factors influencing the growth of the organic saffron market include rising consumer health consciousness, particularly in developing economies, increasing use of organic saffron by the food and additives industry as seasoning or flavouring agents, and rising personal disposable income.
Saffron that is grown without the use of dangerous fertilisers and chemicals is known as organic saffron. One spice that is regarded as being the most expensive in the world is saffron. The end user sectors utilise organic saffron extensively for flavouring purposes. The Crocus sativus flower is the source of saffron spice, which is also used as a fabric dye and scent in fragrances.
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Global Organic Saffron Market Scope and Market Size
The organic saffron market is segmented on the basis of form, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of form, the organic saffron market has been segmented into thread, powder and liquid.
On the basis of application, the organic saffron market is segmented into food and beverages, pharmaceutical, personal care and cosmetics, textile and others.
Organic Saffron Market Country Level Analysis
The organic saffron market is analysed and market size insights and trends are provided by country, form, application and distribution channel as referenced above.
Europe dominates the organic saffron market and will continue to flourish its trend of dominance during the forecast period as well owing to the growth in the application of organic saffron by food and beverage industries especially in economies like Italy and Spain coupled with growing fondness for spices. Asia-Pacific will however, register the highest CAGR for the forecast period. Rising personal disposable income, rapid globalization, westernization, modernization, surge in the initiatives to promote organic farming especially in countries like India and China and growth and expansion of various end user verticals are some major market growth determinants for this region.
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Competitive Landscape and Organic Saffron Market Share Analysis
The major players covered in the organic saffron market report are:
Mehr Saffron, Rowhani Saffron Co., Iran Saffron, Organic Spices Inc.,Frontier Co-op., Valgosa S.L., Epicure Garden., ALPEN FOOD GROUP B.V, Tatva., Noor Brand Saffron, Gohar saffron co., SMEServ, Royal Saffron, Damon Enterprises, Golden Pars Maha, Shahri Food Products, Linkage International Shipping & Forwarding LLC., Esfahan Pishro, Great American Spice Company., HEA & Co Spanish and Taj Agro International (TajPharma Group), amongother domestic and globalplayers.
Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa(MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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