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Saffron Market: Low Availability of Liquid Saffron May Restrain Revenue Growth of the Liquid Form Segment over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

Saffron Market: Low Availability of Liquid Saffron May Restrain Revenue Growth of the Liquid Form Segment over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

Increasing demand for natural ingredients is set to boost revenue growth of the saffron market

In 2015, the saffron market for target countries (Netherlands, Iran, U.S., U.K., Germany, France, Spain, China, Belgium, Luxembourg & Italy) was valued at nearly US$ 350 Mn which is expected to reach nearly US$ 480 Mn by 2021 end. The saffron market for target countries is expected to be valued at nearly US$ 620 Mn by the end of 2026, registering a CAGR of 5.3% over the forecast period. The market is estimated to represent incremental opportunity of nearly US$ 270 Mn between 2016 and 2026.

Demand for saffron is high as it contains antioxidants such as zeaxanthin, lycopene, a- and ß-carotenes that protect humans from stress, cancers, infections, and also act as immune modulators. In addition it has many therapeutic applications which has increased its demand in the pharmaceutical industry. These properties of saffron are expected to drive market growth over the forecast period.

Saffron Market for Target Countries, by Form

The thread segment was estimated to account for a value share of 55.8% by 2016 end. The thread segment is expected to remain dominant in terms of value over the forecast period. However, this segment is expected to lose 400 BPS by 2026 over 2016. The powder segment was estimated to account for a value share of 38.6% by 2016 end. This segment is expected to gain 510 BPS over the forecast period and account for a value share of 43.7% by 2026 end. Increasing usage of the powder form of saffron for application in the food & beverages industry and in medical applications is expected to support revenue growth of the segment over the forecast period. The liquid segment was estimated to account for a value share of 5.6% by 2016 end. This segment is expected to lose 100 BPS over the forecast period.

Saffron Market for Target Countries Market Attractiveness Analysis, by Form

The powder segment is expected to register a relatively high CAGR during the forecast period. The thread segment is anticipated to register a CAGR of 4.5% in terms of value over the forecast period. The liquid segment is projected to exhibit moderate growth registering a CAGR of 3.1% in terms of value over the forecast period. Low availability of products in liquid form may restrain revenue growth of the related segment over the forecast period.

Iran Saffron Market Analysis and Forecast

In 2015, the saffron market in Iran was valued at nearly US$ 220 Mn, which is expected to reach more than US$ 300 Mn by 2021 end. The saffron market in the country is expected to be valued at nearly US$ 400 Mn by the end of 2026, registering a CAGR of 5.7% over the forecast period. The Iran saffron market was estimated to represent absolute $ opportunity of nearly US$ 15 Mn in 2016 over 2015 and is anticipated to record incremental opportunity of nearly US$ 180 Mn between 2016 and 2026.

“Influx of counterfeit saffron is affecting the saffron market adversely

Growth of the global saffron market is being impacted due to the production of fake saffron. Counterfeit saffron is sold at far lower prices, which is affecting overall market growth. The trade of counterfeit saffron is affecting consumer purchasing decisions and negatively impacting the goodwill of manufacturers. In addition, with reduced market credibility, there is a lack of government regulations and steps to control the flow of counterfeit saffron in the market, which is further expected to restrain market growth during the forecast period.”

--- Analyst, Food & Beverages – Future Market Insights


1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Taxonomy
5. Saffron Market For Target Countries Analysis & Forecast
5.1. Market Size Forecast and Y-o-Y Growth
5.2. Absolute $ Opportunity
5.3. Value Chain Analysis
6. Market Dynamics
6.1. Drivers
6.2. Restraints
6.3. Opportunity
6.4. Forecast Factors – Relevance and Impact
6.5. Market Trends
7. Industry Value and Supply Chain Analysis
7.1. Value Chain Analysis with Profit Margin
7.1.1. Iran
7.1.2. Europe
7.1.3. U.S.
7.1.4. China
7.2. List and Role of Key Participants
7.2.1. Raw Material Suppliers
7.2.2. Manufacturers/Suppliers
7.2.3. Wholesalers, Distributors and Traders
7.2.4. Retailers
7.2.5. Associations
7.3. Cost and prices for Each Phase In The Value Chain
7.4. Price Analysis for Each Region
7.4.1. Supermarket
7.4.2. Wholesale
7.4.3. Retail
7.4.4. Restaurant
7.4.5. Pharmacies
7.4.6. Online Retailing
7.5. Spice & Herbs Companies
7.6. Imports and Exports of Saffron
7.6.1. Production
7.6.2. Imports
7.6.3. Exports
8. Counterfeit Saffron
8.1. Percentage of the market is pure vs partially vs entirely
8.1.1. Major countries for counterfeit saffron
8.1.2. Steps Taken To Handle Counterfeit Market
8.1.3. Counterfeit and Adulterated Saffron
8.1.4. Techniques of Adulteration Determination
8.1.5. Market Participants View on Identification of Pure Saffron
8.2. Impact of lifting the sanctions on Iran
8.3. Details about shortages of saffron
8.4. List of all inventions or patents
8.5. Packaging Overview
9. Saffron Market For Target Countries Analysis and Forecast, By Form
9.1. Market Snapshot, By Form
9.2. Introduction
9.2.1. Basis Point Share (BPS) Analysis By Form
9.3. Market Size and Forecast By Form
9.4. Absolute $ Opportunity By Form
9.4.1. Thread
9.4.2. Powder
9.4.3. Liquid
9.5. Market Attractiveness Analysis By Form
10. Saffron Market For Target Countries Analysis and Forecast, By End-use
10.1. Market Snapshot, By End-use
10.2. Introduction
10.2.1. Basis Point Share (BPS) Analysis By End-use
10.3. Market Size and Forecast By End-use
10.4. Absolute $ Opportunity By End-use
10.4.1. Retail
10.4.2. Food Service
10.4.2.1. Culinary Products
10.4.2.2. Dairy Products
10.4.2.3. Confectionery
10.4.2.4. Tea
10.4.2.5. Others
10.4.3. Medical & Pharmaceutical
10.4.4. Cosmetics
10.4.4.1. Skin Care
10.4.4.2. Hair Care
10.4.5. Others
10.5. Market Attractiveness Analysis By End-use
11. Saffron Market For Target Countries Analysis and Forecast, By Function
11.1. Market Snapshot, By Function
11.2. Introduction
11.2.1. Basis Point Share (BPS) Analysis By Function
11.3. Market Size and Forecast By Function
11.4. Absolute $ Opportunity By Function
11.4.1. Flavoring & Spice
11.4.2. Spice
11.4.3. Others
11.5. Market Attractiveness Analysis By Function
12. Netherlands Saffron Market Analysis & Forecast
12.1. Introduction
12.1.1. Market Size Forecast and Y-o-Y Growth
12.1.2. Absolute $ Opportunity
12.2. Market Size and Forecast By Form
12.2.1. Thread
12.2.2. Powder
12.2.3. Liquid
12.3. Market Size and Forecast By End-use
12.3.1. Retail
12.3.2. Food Service
12.3.2.1. Culinary Products
12.3.2.2. Dairy Products
12.3.2.3. Confectionery
12.3.2.4. Tea
12.3.2.5. Others
12.3.3. Medical & Pharmaceutical
12.3.4. Cosmetics
12.3.4.1. Skin Care
12.3.4.2. Hair Care
12.3.5. Others
12.4. Market Size and Forecast By Function
12.4.1. Flavoring & Spice
12.4.2. Spice
12.4.3. Others
12.5. Market Attractiveness Analysis
12.6. By Form
12.7. By end-use
12.8. By Function
13. Iran Saffron Market Analysis & Forecast
13.1. Introduction
13.1.1. Market Size Forecast and Y-o-Y Growth
13.1.2. Absolute $ Opportunity
13.2. Market Size and Forecast By Form
13.2.1. Thread
13.2.2. Powder
13.2.3. Liquid
13.3. Market Size and Forecast By End-use
13.3.1. Retail
13.3.2. Food Service
13.3.2.1. Culinary Products
13.3.2.2. Dairy Products
13.3.2.3. Confectionery
13.3.2.4. Tea
13.3.2.5. Others
13.3.3. Medical & Pharmaceutical
13.3.4. Cosmetics
13.3.4.1. Skin Care
13.3.4.2. Hair Care
13.3.5. Others
13.4. Market Size and Forecast By Function
13.4.1. Flavoring & Spice
13.4.2. Spice
13.4.3. Others
13.5. Market Attractiveness Analysis
13.6. By Form
13.7. By end-use
13.8. By Function
14. U.S. Saffron Market Analysis & Forecast
14.1. Introduction
14.1.1. Market Size Forecast and Y-o-Y Growth
14.1.2. Absolute $ Opportunity

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