Saffron Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Oct 2023 Pages: 162 SKU: IRTNTR75076

Saffron Market Forecast 2023-2027

The saffron market size is forecasted to increase by USD 210.37 million. The market is estimated to grow at a CAGR of 8.1% between 2023 and 2027. 

The growing use in the pharmaceutical and cosmetics industries is notably driving market growth. This flower has been demonstrated to improve mood and may help treat depression and anxiety. Saffron has also been researched for its potential to lower the risk of heart disease and improve cardiovascular health. Furthermore, it is used in the cosmetics industry for its anti-inflammatory and antioxidant properties, which can help improve skin tone and texture, diminish the appearance of fine lines and wrinkles, and reduce the appearance of dark spots and blemishes. It is a well-liked ingredient in products intended to even out skin tone and lessen hyperpigmentation because it is thought to have a brightening effect on the skin. Therefore, as it is a versatile ingredient that has potential uses in a variety of sectors, the market is expected to witness growth during the forecast period. 

Saffron Market: Overview

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Key Trend and Challenge

Our researchers analyzed the data with 2022 as the base year, along with the key trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.

Trends

Quality control of saffron is a primary trend in the market growth. This is involved in quality control procedures to guarantee that the spice is genuine, pure, and up to standards. The primary factors that need to be considered in the quality control include purity, grade, moisture content, packaging, and testing for contaminants. Only the stigmas of the Crocus Sativus flower should be used to make pure product. As it is frequent for products to be adulterated with other substances like safflower, turmeric, or marigolds, it is crucial to test for purity using methods like microscopic inspection or chemical analysis. Secondly, the stigmas' hue, flavor, and aroma are used to grade the product. The coupe refers to the finest variety of product, which is deep red in color, aromatic, and flavorful.

Furthermore, the moisture content of the product should be reduced to about 10%. A huge quantity of moisture can cause spoilage or mold growth, whereas product that is too dry will likely become brittle and less flavorful. Moreover, saffron's quality must be preserved through proper packaging. It should be kept dry, cool, and out of the way of light and moisture. Additionally, to make sure that the product is safe for consumption, it is crucial to test for heavy metals and pesticides, which can contaminate the spice. Overall, the quality control of this product involves a combination of visual inspection, chemical analysis, and sensory evaluation to ensure that the product is pure, authentic, and meets certain standards of quality. Hence, such factors will boost market growth during the forecast period. 

Challenge 

The high production cost is a major challenge that affects market growth. Owing to its labor-intensive cultivation method, saffron is one of the most expensive spices in the world. The flower is manually harvested by hand-picking flowers that only have three stigmas. One pound (lb) of product requires about 75,000 flowers. Harvesting takes a long time and requires a lot of labor, which raises the cost of production. As it is a low-yield crop, saffron needs particular growing circumstances, such as well-drained soil, a dry climate, and enough sunlight. 

Furthermore, due to the unique growing conditions needed, there is a limited supply of product, and it can take several years for a product crop to mature. Thus, the disparity between supply and demand further raises the cost of saffron. Hence, all such factors will likely hinder the market growth during the forecast period.

Market Segmentation by End-User

The food segment is one of the most important segments of the global market, accounting for a significant portion of total demand. The product is used in a variety of dishes such as desserts, rice (biryani), and curries to enhance taste, aroma, and color. The demand for product in the food industry is driven by the growing popularity of exotic dishes and gourmet foods and the increasing demand for natural food additives. Furthermore, the rising trend of using saffron in healthy and organic food products is also contributing to the growth of the food segment in the global market. Such factors are expected to drive the food segment of the global market during the forecast period.

Saffron has gained attention in the medical industry owing to its potential health benefits and therapeutic effects. Saffron, extracted from Crocus sativus flowers, contains many bioactive compounds such as crocin, crocetin, and safranal that contribute to its medicinal properties. One of the key factors driving the growth of the medical segment is the growing consumer awareness of potential health benefits. Growing consumer awareness and interest in natural medicines, continued research into the therapeutic potential, use in dietary supplements, and its integration into traditional healthcare systems are expected to drive the growth of the medical segment of the market during the forecast period. 

Market Segmentation by Formulation

The market share growth by the thread segment will be significant during the forecast period. The sale of the product in the form of threads or stigmas is referred to as the thread segment. The dried stigmas of the Crocus Sativus flower are what are used to make product threads, which are highly prized for their potent flavor, aroma, and color. The high demand for premium-quality substance in a variety of applications, including food, beverages, cosmetics, and pharmaceuticals, is the main factor driving the thread segment of the global market.

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The thread segment was valued at USD 195.19 million in 2017 and continued to grow until 2021. A variety of factors, including cultivation practices, harvesting methods, processing, packaging, and distribution, have an impact on the thread segment of the market. The price and quality of saffron threads vary according to these variables, with premium quality saffron commanding a higher price. Top producers of saffron threads include Iran, India, and Spain, who together account for a sizeable portion of the global market. Hence, owing to such factors the segment is expected to witness an accelerating year-over-year growth rate during the forecast period. 

Saffron powder offers practical advantages in the production of packaged foods. It can be easily weighed and mixed into dry mixes, sauces, and seasonings, giving food manufacturers a versatile ingredient for creating saffron-enriched products or enhancing the taste and increasing the visual appeal of products. Additionally, product powder has a longer shelf life compared to whole threads. Furthermore, the convenience and ease of use of saffron powder, its cost-effectiveness compared to product threads, the practicality it offers food manufacturers, its long shelf life, and the increasing demand for product in various culinary applications have contributed to the growth and expansion of saffron powder segment of the global market during the forecast period

Key Regions for the Market 

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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to the rising disposable incomes, growing knowledge of the health advantages, and the rising acceptance of ethnic cuisines in the region, product consumption has significantly increased over the past few years in APAC. This is also used in a number of traditional medicines and cosmetics, which furthers the market's expansion. India is one of the largest producers and consumers in APAC, owing to its rich cultural heritage and traditional use in various dishes. Other key markets in the region include China, Japan, and South Korea.

Moreover, there are many small and medium-sized players operating in the highly fragmented APAC market. To diversify their product portfolios and increase their market share, larger players are anticipated to enter the market and acquire smaller players in the upcoming years as the market consolidates. The availability of fake and adulterated products is one of the biggest problems the APAC market faces. Numerous regulatory organizations in the area have, therefore, put strict quality control measures in place to address this problem. It is anticipated that these measures will raise the standard of the products available on the market. Hence, such factors will boost market growth in this region during the forecast period. 

Key Saffron Market Companies Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering-  Al Hasad Al Fakher Trading Est.: The company offers saffron namely, Pure Kashmiri Saffron.
  • Key Offering- Azafran de La Mancha: The company offers saffron which are harvested flowers that undergo separation of stigma from flower or plucking of the saffron stamens process.
  • Key Offering- Great American Spice: The company offers saffron that is used in Indian sweets like, kheer, ras malai, Indian yogurt drink, and butter lassi.

The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Mehr Saffron
  • Organic Spices Inc.
  • Rumi Spice
  • Safrante Specialty Foods S.A.
  • Esfedan Saffron Co.
  • Gohar Saffron Co.
  • Grandor Co.
  • Green Leaves International
  • King Kesariya
  • La Casa de los Aromas S.L.
  • Norfolk Saffron
  • Novin Saffron Co.
  • Rowhani Saffron Co.
  • Societa Agricola Baghini Buonacara Srls
  • The Cheshire Saffron Co.
  • Trond Saffron Qain Co.
  • USMS Saffron Co. Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Market Analyst Overview

The Market is witnessing significant demand due to its memory-enhancing properties and anti-inflammatory effects, attributed to its antioxidants. In the U.S., the product is gaining traction, with innovations like image processing technology and electric noses ensuring product quality and authenticity. Concerns about adulteration drive efforts to establish labeling standards. While substitutes like marigold petals exist, Grade substance remains sought after for its purity. With applications in both medical and cosmetic industries, saffron's role as an UV-absorbing agent further enhances its market value.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends and growth opportunities from 2017 to 2027. 

  • Formulation Outlook (USD Million, 2017 - 2027)
    • Thread
    • Powder
    • Liquid
  • End-user Outlook (USD Million, 2017 - 2027)
    • Food
    • Medical
    • Cosmetics
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.1%

Market growth 2023-2027

USD 210.37 million

Market structure

Fragmented

YoY growth 2022-2023(%)

7.3

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key countries

US, Iran, China, India, and Spain

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Al Hasad Al Fakher Trading Est., Azafran de La Mancha, Great American Spice, Mehr Saffron, Organic Spices Inc., Rumi Spice, Safrante Specialty Foods S.A., Esfedan Saffron Co., Gohar Saffron Co., Grandor Co., Green Leaves International, King Kesariya, La Casa de los Aromas S.L., Norfolk Saffron, Novin Saffron Co., Rowhani Saffron Co., Societa Agricola Baghini Buonacara Srls, The Cheshire Saffron Co., Trond Saffron Qain Co., and USMS Saffron Co. Inc.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. 

Customization purview

If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Formulation
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global saffron market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global saffron market 2017 - 2021 ($ million)
    • 4.2 Formulation Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Formulation Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Formulation

    • 6.1 Market segments
      • Exhibit 30: Chart on Formulation - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Formulation - Market share 2022-2027 (%)
    • 6.2 Comparison by Formulation
      • Exhibit 32: Chart on Comparison by Formulation
      • Exhibit 33: Data Table on Comparison by Formulation
    • 6.3 Thread - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Thread - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Thread - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Thread - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Thread - Year-over-year growth 2022-2027 (%)
    • 6.4 Powder - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Powder - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Powder - Year-over-year growth 2022-2027 (%)
    • 6.5 Liquid - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Liquid - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Liquid - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Formulation
      • Exhibit 46: Market opportunity by Formulation ($ million)
      • Exhibit 47: Data Table on Market opportunity by Formulation ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Food - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Food - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Food - Year-over-year growth 2022-2027 (%)
    • 7.4 Medical - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Medical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Medical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Medical - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Medical - Year-over-year growth 2022-2027 (%)
    • 7.5 Cosmetics - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Cosmetics - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Cosmetics - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ million)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Spain - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Spain - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Spain - Year-over-year growth 2022-2027 (%)
    • 9.10 Iran - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Iran - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Iran - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Iran - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Iran - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 US - Market size and forecast 2022-2027
      • Exhibit 111: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Al Hasad Al Fakher Trading Est.
              • Exhibit 123: Al Hasad Al Fakher Trading Est. - Overview
              • Exhibit 124: Al Hasad Al Fakher Trading Est. - Product / Service
              • Exhibit 125: Al Hasad Al Fakher Trading Est. - Key offerings
            • 12.4 AZAFRANES MANCHEGOS SL
              • Exhibit 126: AZAFRANES MANCHEGOS SL - Overview
              • Exhibit 127: AZAFRANES MANCHEGOS SL - Product / Service
              • Exhibit 128: AZAFRANES MANCHEGOS SL - Key offerings
            • 12.5 Esfedan Saffron Co.
              • Exhibit 129: Esfedan Saffron Co. - Overview
              • Exhibit 130: Esfedan Saffron Co. - Product / Service
              • Exhibit 131: Esfedan Saffron Co. - Key offerings
            • 12.6 Gohar Saffron Co.
              • Exhibit 132: Gohar Saffron Co. - Overview
              • Exhibit 133: Gohar Saffron Co. - Product / Service
              • Exhibit 134: Gohar Saffron Co. - Key offerings
            • 12.7 Grandor Co.
              • Exhibit 135: Grandor Co. - Overview
              • Exhibit 136: Grandor Co. - Product / Service
              • Exhibit 137: Grandor Co. - Key offerings
            • 12.8 King Kesariya
              • Exhibit 138: King Kesariya - Overview
              • Exhibit 139: King Kesariya - Product / Service
              • Exhibit 140: King Kesariya - Key offerings
            • 12.9 La Casa de los Aromas S.L.
              • Exhibit 141: La Casa de los Aromas S.L. - Overview
              • Exhibit 142: La Casa de los Aromas S.L. - Product / Service
              • Exhibit 143: La Casa de los Aromas S.L. - Key offerings
            • 12.10 Mehr Saffron
              • Exhibit 144: Mehr Saffron - Overview
              • Exhibit 145: Mehr Saffron - Product / Service
              • Exhibit 146: Mehr Saffron - Key offerings
            • 12.11 Organic Spices Inc.
              • Exhibit 147: Organic Spices Inc. - Overview
              • Exhibit 148: Organic Spices Inc. - Product / Service
              • Exhibit 149: Organic Spices Inc. - Key offerings
            • 12.12 Rowhani Saffron Co.
              • Exhibit 150: Rowhani Saffron Co. - Overview
              • Exhibit 151: Rowhani Saffron Co. - Product / Service
              • Exhibit 152: Rowhani Saffron Co. - Key offerings
            • 12.13 Rumi Spice
              • Exhibit 153: Rumi Spice - Overview
              • Exhibit 154: Rumi Spice - Product / Service
              • Exhibit 155: Rumi Spice - Key offerings
            • 12.14 Safrante Specialty Foods S.A.
              • Exhibit 156: Safrante Specialty Foods S.A. - Overview
              • Exhibit 157: Safrante Specialty Foods S.A. - Product / Service
              • Exhibit 158: Safrante Specialty Foods S.A. - Key offerings
            • 12.15 The Great American Spice Co.
              • Exhibit 159: The Great American Spice Co. - Overview
              • Exhibit 160: The Great American Spice Co. - Product / Service
              • Exhibit 161: The Great American Spice Co. - Key offerings
            • 12.16 Trond Saffron Qain Co.
              • Exhibit 162: Trond Saffron Qain Co. - Overview
              • Exhibit 163: Trond Saffron Qain Co. - Product / Service
              • Exhibit 164: Trond Saffron Qain Co. - Key offerings
            • 12.17 USMS Saffron Co. Inc.
              • Exhibit 165: USMS Saffron Co. Inc. - Overview
              • Exhibit 166: USMS Saffron Co. Inc. - Product / Service
              • Exhibit 167: USMS Saffron Co. Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

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