Saffron market to represent a significant expansion at 5.3% CAGR by 2026

Posted by Harsh on November 18th, 2018

Research Report Insights (RRI) delivers key insights on the saffron market for target countries (Netherlands, Iran, U.S., U.K., Germany, France, Spain, China, Belgium, Luxembourg & Italy)in its upcoming outlook titled, “Saffron Market: Target Countries Industry Analysis and Opportunity Assessment, 2016 – 2026”. In terms of value, the saffron market is expected to expand at a CAGR of 5.3% during the forecast period due to various factors, regarding which RRI offers vital insights in detail.

Saffron market for target countries has been segmented on the basis form which includes thread, powder & liquid. Among all the form segment powder segment is projected to account relatively high CAGR of 6.6% during the forecast period. Saffron Market for Target Countries Value to Increase from US$ 349,610.2 Thousand in 2015 to US$ 617,531.9 Thousand by 2026

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On the basis of end-use, the target countries saffron market has been segmented into retail food service, medical & pharmaceuticals, cosmetics & others. Retail segment is expected to represent largest share in terms of value followed by food service segment. Revenue contribution from retail segment to the target countries saffron market is expected to increase at a CAGR of 5.8 % from 2016 to 2026. Food service segment is further sub-segmented as culinary products, dairy products, confectionery, tea and others. In addition, cosmetics segment is sub-segmented as skin care and hair care segment.

The target countries saffron market is segmented on the basis of function which includes flavoring & spice, herbs & others. Among all of these segments flavoring & spice segment has been estimated to be dominant in terms of value and is expected to register a significant CAGR of 5.5% over the forecast period. Wide application of saffron in various food products such as in sweets, ice-cream, traditional culinary products has been witnessing a significant rise in the recent past, and is projected to continue to drive revenues of the target countries saffron market in future.

This report covers trends driving each segment and offers analysis and insights regarding the potential of the saffron market in specific countries including Netherlands, Iran, U.S., U.K., Germany, France, Spain, China, Belgium, Luxembourg & Italy. Among all of these countries, the market in Iran is expected to register highest CAGR of 5.7% in terms of value over the forecast period. The country is expected to represent value share of 64.4 % by 2026, followed by U.S. While U.K. is also expected to gain normal market share during the forecast period. The market is estimated to represent absolute $ opportunity of US$ 18,706.9 thousand in 2016 over 2015, and incremental opportunity of US$ 249,214.8 thousand between 2016 and 2026 share of the market in the region by 2016 end.

This report covers detailed profiles of key players in saffron market for target countries, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are Safrante Global Company S.L.U., Evolva, Rowhani Saffron Co, Sara Nuts, Tarvand Saffron Co, Hijos de Eustaquio Abad & Co. S.L., USMS Saffron Co.Inc, Royal Saffron Company, Saharkhiz International Group Companies, Gohar Saffron, Novin Saffron Co. and Azafranes Manchegos SL.

Key Segments Covered

  • By Form
  • By End-use
  • Retail
  • Food Service
    • Culinary Products
    • Dairy Products
    • Confectionery
    • Tea
    • Others
  • Medical & Pharmaceuticals
  • Cosmetics
    • Skin Care
    • Hair Care
  • Others
  • By Function
  • Flavoring & Spice
  • Herbs
  • Others

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Joined: September 29th, 2018
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