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 $111,365.1 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.
Free Valuable Insights: The Worldwide Saffron Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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