HTF recognizes the following companies as the key players in the global saffron market: Gohar saffron, Iran Saffron, Rowhani Saffron, and Saffron Business.
Other Prominent Vendors in the market are: Grandor, HEA, King Kesariya, Wani Fruit Enterprises, SAFRANTE GLOBAL, shahri saffron, Taj Agro Products, and Great American Spice Company.
Commenting on the report, an analyst from HTF’s team said: “One trend in the market is new product formulations using saffron. The increasing awareness of the benefits of saffron has been leading to the rise in demand for new product formulations with saffron as an active ingredient. Saffron is used as an active ingredient in personal care and cosmetic products such as perfumes, face creams, and serums.”
The analysts forecast the global saffron market to grow at a CAGR of 5.6% during the period 2017-2021.
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According to the report, one driver in the market is product line extension of saffron in food and beverages sector. Owing to the flavor, taste, and color of saffron, it is used extensively as a flavoring agent in food and beverage products. Its health benefits, along with the ability to enhance the flavor of foods, have attracted manufacturers to use saffron in food and beverages. Saffron is widely used in beverages. For instance, the Indian subsidiary of Coca-Cola, in 2016, launched a range of flavored milk products under the name VIO, which has been well accepted by Indian consumers.
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Further, the report states that one challenge in the market is fluctuations in prices owing to demand-supply gap. The decreasing amount of land under the cultivation of saffron and adverse weather conditions affecting saffron yield lead to variations in the prices of saffron. The health benefits of saffron and its many applications have been increasing the demand for saffron. However, the labor extensive extraction and processing of saffron flower has been contributing to the already-high cost of saffron. During 2015-2016, one gram of good quality saffron was priced around $65.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/742188-global-saffron-market-4
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Segmentation by product type
• Segmentation by application
• Global saffron market
• Five forces analysis
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