The Europe Saffron Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 79.6 tonnes, showcasing a growth of 6.8% (2019-2022).
With an increased emphasis on transparency and quality in the food industry, traceability solutions are being integrated into the saffron supply chain. Technologies like blockchain enable consumers to trace the journey of saffron from cultivation to the final product, assuring authenticity and adherence to quality standards. Implementing traceability solutions enables producers to adhere to and showcase compliance with stringent quality standards. From organic certifications to fair trade practices, the blockchain ledger documents each stage of saffron production, making it easier for producers to demonstrate their commitment to quality. This instills confidence in consumers and contributes to the overall improvement of industry practices.
Furthermore, biotechnological interventions enhance specific yield-related traits in saffron, such as increased stigma production, larger flower size, and improved overall plant vigor. Genetic engineering techniques allow for precisely manipulating genes associated with these traits. By selecting and modifying specific genes responsible for saffron’s growth and development, researchers strive to improve the yield potential of saffron crops, ensuring a more efficient and economically viable cultivation process for farmers.
The Germany market dominated the Europe Saffron Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $26,797.4 Thousands by 2030. The UK market is exhibiting a CAGR of 6.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.2% during (2023 - 2030).
The United Kingdom has seen a notable rise in culinary diversity, with consumers showing an increased interest in global flavors and unique gastronomic experiences. Multicultural influences, travel experiences, and a growing appreciation for diverse cuisines have driven this trend. Hence, the growing food service and food and beverage sectors in Europe will lead to increased demand for saffron in the region.
Free Valuable Insights: The Global Saffron Market will Hit USD 895.9 Million by 2030, at a CAGR of 6.9%
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Form (Volume, Tonnes, USD Million, 2019-2030)
By Grade Type (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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