The North America Saffron Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 70.5 tonnes, showcasing a growth of 7.5% (2019-2022).
In agriculture and food, the saffron market, which is well-known for its opulent spice made from the Crocus sativus flower, is an area of expertise. Characterized by its distinctive color, flavor, and aroma, saffron has been prized for centuries for its culinary, medicinal, and cultural significance. The adoption of saffron in various cuisines has been significant. In Persian cuisine, saffron is a staple, adding its unique touch to rice pilaf and stews.
In addition, the culinary versatility of saffron is a testament to its enduring appeal. In the culinary domain, saffron's primary application is as a spice, infusing dishes with a distinct taste and a warm golden hue. In addition to culinary applications, saffron is used in the beverage industry to enhance the aroma and flavor of teas, liqueurs, and cocktails. Saffron-infused beverages offer a sensory experience that transcends the confines of traditional spice usage, appealing to consumers seeking novel and exotic flavor experiences.
The US market dominated the North America Saffron Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $74,749.9 Thousands by 2030. The Canada market is experiencing a CAGR of 10.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.6% during (2023 - 2030).
Antioxidant properties of saffron may assist in the skin's defense against oxidative stress and free radical injury. As the demand for anti-aging skincare products continues to rise in the United States, beauty brands are exploring the inclusion of saffron to address concerns related to fine lines, wrinkles, and overall skin health. Thus, the rising cosmetics and personal care products sectors in North America will assist in the growth of the regional saffron market.
Free Valuable Insights: The Saffron Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
