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Global Saffron Market to reach USD 1.549 billion by 2027.

Global Saffron Market Size study, by Application (Food, Medical, Cosmetics and Others) and Regional Forecasts 2020-2027

Product Code: OIRFAB_50085941
Publish Date: 18-01-2021
Page: 200

Global Saffron Market is valued approximately at USD 881.7 million in 2019 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2020-2027. Saffron is a thread like spice derives from the flower named saffron crocus. These threads are collected and dried and mainly used as seasoning and coloring agent in food. Saffron mainly cultivated in the countries like Iran, India and few others. The increasing use in medicinal applications, textile dying, rapid development in cosmetics industry, alternative to artificial additives and adaptation of saffron as a cooking ingredient due to increasing disposable income and higher standard of living will fuel the demand in market. For instance, in 2019 food applications grab the highest revenue share at USD 485.6 million, followed by medical application at 23.8% owing to increasing expenditure in research and development on saffron compounds. Also, according to CISION PR Newswire, cosmetics application segment is projected to expand by CAGR of 6.7% during 2020-2027. However, requirements for specific conditions for cultivation, high cost and higher labor cost impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing use of saffron in cosmetic products owing to concerns regarding aging along with climate change is likely to increase the market growth during the forecast period.

The regional analysis of global Saffron market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to developed trade channels, , grading standards, and attractive packaging . Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as domestic demand for natural ingredients and increasing exports would create lucrative growth prospects for the Saffron market across Asia-Pacific region.

Major market player included in this report are:
Rowhani Saffron Co
Iran Saffron Company
Saffron Business Co.
Tarvand Saffron Co.
Esfedan Trading Company
Safrante Global Company, S.L.U.
Royal Saffron Company
Flora Saffron
Meher Saffron

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Saffron Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Saffron Market, by Region, 2018-2027 (USD Billion)
1.2.2. Saffron Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Saffron Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Saffron Market Dynamics
3.1. Saffron Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Saffron Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Saffron Market, by Application
5.1. Market Snapshot
5.2. Global Saffron Market by Application, Performance – Potential Analysis
5.3. Global Saffron Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
5.4. Saffron Market, Sub Segment Analysis
5.4.1. Food
5.4.2. Medical
5.4.3. Cosmetics
5.4.4. Others
Chapter 6. Global Saffron Market, Regional Analysis
6.1. Saffron Market, Regional Market Snapshot
6.2. North America Saffron Market
6.2.1. U.S. Saffron Market Application breakdown estimates & forecasts, 2017-2027
6.2.2. Canada Saffron Market
6.3. Europe Saffron Market Snapshot
6.3.1. U.K. Saffron Market
6.3.2. Germany Saffron Market
6.3.3. France Saffron Market
6.3.4. Spain Saffron Market
6.3.5. Italy Saffron Market
6.3.6. Rest of Europe Saffron Market
6.4. Asia-Pacific Saffron Market Snapshot
6.4.1. China Saffron Market
6.4.2. India Saffron Market
6.4.3. Japan Saffron Market
6.4.4. Australia Saffron Market
6.4.5. South Korea Saffron Market
6.4.6. Rest of Asia Pacific Saffron Market
6.5. Latin America Saffron Market Snapshot
6.5.1. Brazil Saffron Market
6.5.2. Mexico Saffron Market
6.6. Rest of The World Saffron Market

Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. Gohar Saffron Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.2.2. Rowhani Saffron Co
7.2.3. Iran Saffron Company
7.2.4. Saffron Business Co.
7.2.5. Tarvand Saffron Co.
7.2.6. Esfedan Trading Company
7.2.7. Safrante Global Company, S.L.U.
7.2.8. Royal Saffron Company
7.2.9. Flora Saffron
7.2.10. Meher Saffron
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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