The Latin America, Middle East and Africa Saffron Market would witness market growth of 6.2 % CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 556.2 tonnes, showcasing a growth of 7.5% (2023-2030).
Beyond food and beverages, saffron has made a mark in the cosmetic and skincare industries. Recognized for its antioxidant properties, saffron has found its way into skincare formulations, promising benefits for complexion and skin health. The spice's natural colorant properties also position it as a sought-after ingredient in cosmetic products, adding a touch of luxury and authenticity. Likewise, the textile industry, too, has been touched by saffron's golden hue. Saffron's use as a natural dye has historical roots, and today, it continues to be employed in creating vibrant and sustainable textiles.
Furthermore, with growing consumer awareness and preferences toward organic and sustainably sourced products, the saffron market is witnessing an increased demand for organically cultivated saffron. Consumers are seeking assurance not only of the spice's purity but also of the ethical and environmentally friendly practices involved in its production. The saffron market is experiencing a surge in innovative product offerings. From saffron-infused oils and extracts to ready-made spice blends and teas, manufacturers capitalize on saffron's exotic appeal to create accessible and convenient products. This trend aligns with the modern consumer's desire for culinary exploration and experimentation.
The UAE market dominated the LAMEA Saffron Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $111365.1 Thousands by 2030. The Saudi Arabia market is showcasing a CAGR of 6.5% during (2023 - 2030). Additionally, The Brazil market would register a CAGR of 4.4% during (2023 - 2030).
The diverse and opulent culinary landscape of South Africa is a direct result of the country's multicultural populace. The food and beverage sector in the country encompasses a wide variety of cuisines, ranging from traditional African dishes to European, Asian, and Middle Eastern flavors. Hence, the rising e-commerce trends and food and beverage sector in the LAMEA region will help in the expansion of the regional saffron market.
Based on Type, the market is segmented into Traditional and Organic. Based on Distribution Channel, the market is segmented into B2B and B2C. Based on Application, the market is segmented into Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Others. Based on Form, the market is segmented into Petals, Powder, Liquid, Stigma, and Stamen. Based on Grade Type, the market is segmented into Grade I, Grade II, Grade III, and Grade IV. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Beyond food and beverages, saffron has made a mark in the cosmetic and skincare industries. Recognized for its antioxidant properties, saffron has found its way into skincare formulations, promising benefits for complexion and skin health. The spice's natural colorant properties also position it as a sought-after ingredient in cosmetic products, adding a touch of luxury and authenticity. Likewise, the textile industry, too, has been touched by saffron's golden hue. Saffron's use as a natural dye has historical roots, and today, it continues to be employed in creating vibrant and sustainable textiles.
Furthermore, with growing consumer awareness and preferences toward organic and sustainably sourced products, the saffron market is witnessing an increased demand for organically cultivated saffron. Consumers are seeking assurance not only of the spice's purity but also of the ethical and environmentally friendly practices involved in its production. The saffron market is experiencing a surge in innovative product offerings. From saffron-infused oils and extracts to ready-made spice blends and teas, manufacturers capitalize on saffron's exotic appeal to create accessible and convenient products. This trend aligns with the modern consumer's desire for culinary exploration and experimentation.
The UAE market dominated the LAMEA Saffron Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $111365.1 Thousands by 2030. The Saudi Arabia market is showcasing a CAGR of 6.5% during (2023 - 2030). Additionally, The Brazil market would register a CAGR of 4.4% during (2023 - 2030).
The diverse and opulent culinary landscape of South Africa is a direct result of the country's multicultural populace. The food and beverage sector in the country encompasses a wide variety of cuisines, ranging from traditional African dishes to European, Asian, and Middle Eastern flavors. Hence, the rising e-commerce trends and food and beverage sector in the LAMEA region will help in the expansion of the regional saffron market.
Based on Type, the market is segmented into Traditional and Organic. Based on Distribution Channel, the market is segmented into B2B and B2C. Based on Application, the market is segmented into Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Others. Based on Form, the market is segmented into Petals, Powder, Liquid, Stigma, and Stamen. Based on Grade Type, the market is segmented into Grade I, Grade II, Grade III, and Grade IV. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Esfedan Saffron Co.
- Safrante Speciality Foods S.A
- Tarvand Saffron Ghayen Company
- Azafranes Manchegos S.L
- Gohar Saffron Co.
- Rowhani Saffron Co.
- Mehr Saffron
- Dorren Saffron
- Royal Saffron Company
- Triselecta, S.A
Market Report Segmentation
By Type (Volume, Tonnes, USD Million, 2019-2030)- Traditional
- Organic
- B2B
- B2C
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
- Petals
- Powder
- Liquid
- Stigma
- Stamen
- Grade I
- Grade II
- Grade III
- Grade IV
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Saffron Market by Type
Chapter 5. LAMEA Saffron Market by Distribution Channel
Chapter 6. LAMEA Saffron Market by Application
Chapter 7. LAMEA Saffron Market by Form
Chapter 8. LAMEA Saffron Market by Grade Type
Chapter 9. LAMEA Saffron Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Esfedan Saffron Co.
- Safrante Speciality Foods S.A
- Tarvand Saffron Ghayen Company
- Azafranes Manchegos S.L
- Gohar Saffron Co.
- Rowhani Saffron Co.
- Mehr Saffron
- Dorren Saffron
- Royal Saffron Company
- Triselecta, S.A
Methodology
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