Iranian saffron market dominates the global market
Iranian saffron market dominates the global market
Analysis shows that saffron demand will be increased in the future.
Since saffron has various varieties, nowadays, the market has been divided into different groups.
The Persian saffron markets include thread, powder, and liquid saffron, which are used in the field of cooking, dairy products and confectioneries based on their expiration date. Saffron is also used as the aroma for tea. The plant has been used in medical, pharmaceutical, cosmetics (skin and hair care) industries.
Iranian Saffron market, Best saffron market in the world
In 2015, the market value for target countries (Netherlands, Iran, The United States, England, Spain, China, Belgium, Luxembourg, and Italy) was USD 350 m, expects the value will increase to USD 480 m by 2021.
The global saffron market is forecast to grow at a CAGR of 5.3% over the period, it is expected that the saffron market value for target countries increase to USD 620 m by the end of 2026. It is estimated the value of the market will increase to more than USD 270 m between 2016 and 2026.
Studies indicate that there is high demand for saffron all over the world, in which saffron contains antioxidants such as Zeaxanthin, Lycopene, Alpha-carotene, and Beta-carotene, can reduce stress, fight against cancers and various types of infections, as well as can act as immunosuppressive agents. Furthermore, Iranian saffron has many therapeutic benefits that cause increased demands in the pharmaceutical industry.
Since demand for organic food has been rising throughout the world, revenue of the saffron market will increase further.
Iranian saffron market dominates the global market, Iran produces nearly 350 to 590 tons of saffron each year. The price of saffron is determined in Iran
Analysis shows that saffron demand will be increased in the future.
Since saffron has various varieties, nowadays, the market has been divided into different groups.
The Persian saffron markets include thread, powder, and liquid saffron, which are used in the field of cooking, dairy products, and confectioneries based on their expiration date. Saffron is also used as the aroma for tea. The plant has been used in medical, pharmaceutical, cosmetics (skin and hair care) industries.
Persian Saffron, Best in the world
Iran's saffron market dominates the global market, with Iran producing nearly 350 to 590 tons of saffron each year. The price of saffron is determined in Iran
In 2015, the market value for target countries (Netherlands, Iran, The United States, England, Spain, China, Belgium, Luxembourg, and Italy) was USD 350 m, and the value will increase to USD 480 m by 2021.
The global saffron market is forecast to grow at a CAGR of 5.3% over the period, it is expected that the saffron market value for target countries increase to USD 620 m by the end of 2026. It is estimated the value of the market will increase to more than USD 270 m between 2016 and 2026.
Studies indicate that there is high demand for saffron in all over the world, in which saffron contains antioxidants such as Zeaxanthin, Lycopene, Alpha-carotene, and Beta-carotene, can reduce stress, fight against cancers and various types of infections, as well as can act as immunosuppressive agents. Furthermore, Iranian saffron has many therapeutic benefits that cause increased demands in the pharmaceutical industry.
Since demand for organic food has been rising throughout the world, the revenue of the saffron market will increase further.