2. At his family’s urging, Mr. Aslami left for Iran, where he would remain for more than a decade, carrying out research and working with villagers to improve cultivation techniques. Volume in tons, revenue in USD million, and CAGR from 2020 to 2027, Revenue forecast, company share, competitive landscape, growth factors and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; Italy; Spain; China; India; Brazil; Iran; Saudi Arabia; UAE. Source: wikimedia.org Ford Motor Company is not only one of the largest automakers–it’s the largest family-owned business in the world, with each CEO being directly related to the company founder, Henry Ford. Besides, it is of importance noting that rub… By. In terms of production, Iran is the largest country with a share of over 90% at a global level. Which segment accounted for the largest saffron market share? Spain is recognized as the world’s largest saffron exporter, and in the past few years, the Global Institute for Fruit and Food Quality in Brussels has announced Saffron in Afghanistan as the world’s best and most sour saffron. The Islamic Republic produces about 95 percent of the world's saffron, often described as the “red gold”. Afghanistan is now the third-largest saffron producer in the world, behind Iran and India. The hot and muggy climate of Bangladesh is well-suited for tea production. “If someone came to the class and read your name, you knew you were gone,” he said. Afghanistan now world’s 3rd largest saffron producer. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Increasing preference of natural products over artificial colorings and flavorings is likely to contribute to saffron consumption in U.S. Also, due to expensive nature of the products, increasing income levels is projected to remain a key contributing factor in the U.S. market. Pajhwok. The market is expected to grow over the next few years on account of growing demand from the pharmaceutical sector particularly in countries with rapid population expansion. The global saffron market is expected to grow at a compound annual growth rate of 7.3% from 2020 to 2027 to reach USD 1.55 billion by 2027. b. Europe dominated the saffron market with a share of 39.5% in 2019. As Afghan saffron has continued to grow and spread, Iranian officials have become nervous. We are in compliance with GDPR & CCPR norms. This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. Iran is the world’s leading producer of saffron, producing 430 tons in 2019. For the purpose of this study, Grand View Research has segmented the global saffron market report based on application and region: Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027), Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027). He has three children, including a son with a doctorate in economics and a daughter with a law degree. Numerous players are focused on integrating supply chain, affordable pricing structure, and new customer acquisitions. Saffron has long been the world's most … The company produces approximately 7% of the world’s total crude oil, with proven reserves of about 111BBOe. He arrived there as a refugee in 1981, fresh from earning a degree in agriculture at Kabul University. India reduced production for the first time this century and only for the second in history. This report has a service guarantee. Rapid development in the cosmetics industry on account of increasing population and improved standard of living is likely to boost the demand for saffron in the coming years. In 1991, Some 300 t (300,000 kg) of whole threads and powder are gleaned yearly, of which 50 t (50,000 kg) is top-grade "coupe" saffron. Herat Province, where his message first took hold, remains the single largest producer of Afghan saffron. Below are the Top 10 global oil producers in 2019. However, exports of this product have not been developed significantly due to problems such as volatility in price of saffron in the … Believed to be a home to more unexplored gas deposits. Brazil is also a large food producer; its food industry tilts heavily towards sugarcane, soybeans, and beef. But he is, by Afghan standards, wildly successful, with hundreds of acres of land, including a vineyard and a pistachio plantation. “Our potential is absolutely vast.”. With increased exports in the European market, the demand for saffron has gone up significantly. “But as a human being who had a goal in life, who had an idea and worked to pursue and spread that idea, I am 100 percent content.”, “But what I wanted — what I want,” he said, correcting himself after a pause, “that capacity has not been created.”, “We have not utilized the capacity,” he added. With a yearly production of about 336 tons of Saffron and a cultivation area of about 105 thousand hectares, Iran is the biggest producer of this plant in the world which is about 90 percent of the world production. On . Growing demand for saffron in a variety of food products and developments in the medical field are boosting the market growth in the region. Most of it, 90 percent, came from Iran, which is where he first learned about the spice. Rowhani Saffron Co.; Gohar Saffron; Saffron Business Co.; Iran Saffron Company; Esfedan Trading Company; Tarvand Saffron Co; Royal Saffron Company; Flora Saffron; Meher Saffron. Sacks of dried saffron. Electricity Sector Emissions. Increasing demand for saffron as an alternative to artificial additives is projected to create a positive impact on the market in the long run. Total Emissions in 2018 = 6,677 Million Metric Tons of CO 2 equivalent.Percentages may not add up to 100% due to independent rounding. The export volume of saffron from Spain amounted to about 287,268 kilograms in 2019. After being plucked, the flowers are dried and the stigmas separated later. It is known to brighten the skin and strengthen hair growth. Saffron has a significant value in culinary industry as it is used as spice, herb, and flavoring agent and is likely to witness lucrative demand in regional markets of Asia, Middle East, North Africa, and Europe. India is one of the largest producers of saffron due to the availability of raw materials and proper land for farming. The global saffron market size was estimated at USD 881.7 million in 2019 and is expected to reach USD 944 million in 2020. b. We stand by our report quality. Saffron company as the responsibility for constant quality observations they are also saffron wholesaler, In terms of quantity and quality, Iran ranks first among the largest saffron producers-saffron company -saffron manufacturer in the world even though there is no detailed statistics on the world's saffron production. Increasing research and development activities for saffron as an antioxidant, neuroprotective, and antitumor agent is also a promising sector for the saffron producers. This has led to a soft spice war between the two countries, with millions of dollars potentially at stake. In addition, growth in healthcare and food and beverage industries is likely to propel the deman… Who are the key players in saffron market? It can also be used in the treatment of whooping cough, asthma, and dry skin. The global saffron market size was valued at USD 881.7 million in 2019 and is anticipated to attain a revenue-based CAGR of 7.3% from 2020 to 2027. The plants bloom for only about three weeks a year, in late October and early November. b. Saffron could even be an economically competitive substitute for the opium poppy, Mr. Aslami argued, though he conceded it is not suitable for all areas of the country. b. We never share your personal data. Mrs. Aslami accompanied him on one of his trips, to Italy, putting on a cooking demonstration using saffron in cakes and rice. The key market participants include Rowhani Saffron Co., Gohar Saffron, Saffron Business Co., Iran Saffron Company, Esfedan Trading Company, Tarvand Saffron Co, Royal Saffron Company, Flora Saffron, and Meher Saffron. As you know, Iran is the largest producer of saffron in the world. All other continents except Antarctica produce smaller amounts. Growing production of saffron in Afghanistan is likely to affect the market dynamics over the coming years. Saffron contains elements like crocin and safranal, which are presumed to have anti-depressant properties and cure nervous system related issues. “Maybe I lost a lot of opportunities in following this goal. Iran has started exporting their Iranian saffron to the U.S. after trade regulations were removed thus, boosting their trade relations. Under the new category, in 2019 U.S. oil production was the highest in the world for the first time this century. The plants bloom for only about three weeks a year, in late October and early November. As someone who apparently sees work as the ultimate purpose in life, his waking hours are spent immersed in saffron, in meetings, in reading, in everyday conversation. Addition or alteration to country, regional & segment scope. Saffron is one of the most expensive spices by weight and is used in various applications, including food, beverages, and medicines. They wear masks and gloves to protect the delicate red strands. I could have gone to Europe, become a citizen and had a life of security where my children’s future would be guaranteed,” he said. Of the four farmers Mr. Aslami began his Afghan program with in 1998, only one, Mullah Akbar, is still in the business. Of the roughly 430 tons of saffron produced last year, 16 came from Afghanistan, Mr. Aslami said. However, easing restrictions and public discourse about restarting economic activities in the consumer goods marketspace indicates that, the recovery of demand is imminent. Saffron is harvested from a fall-blooming variety of the crocus flower, a hardy perennial that grows from bulbs and can withstand Afghanistan’s harsh climate. Here’s a look at the 10 Biggest Automakers in the World based on their global sales volumes in 2018, as well as how they’re coping in the current economic climate in 2019. Medicinal application is likely to remain a key focus area for market vendors on account of its use as an anti-depressant, antioxidant, and antiseptic. Please fill out the form below for a free PDF report sample & He says he is content, but it is clear that he is not entirely satisfied. Iran is the world’s biggest producer and exporter of saffron, which is considered as a strategic product in the country. In 2019, production in India amounted to 769 Mt, 0.9% less than in the previous year, due mainly to a decrease in coal-fired power generation … In terms of volume, Asia Pacific held the largest market share in 2019 and is likely to expand at CAGR of 6.9% from 2020 to 2027 owing to increasing exports and domestic demand for natural ingredients. Iranian officials, in return, have complained that their saffron is frequently smuggled into Afghanistan, repackaged and sold abroad as Afghan. To many people, including some of the man’s own bosses at a Danish aid organization, the proposal was misdirected, maybe even foolish, and certainly well above his $50-a-month pay grade. Due to Iran's diverse climate and fertile soil, the country's agricultural products are rated among the best in the world, with its saffron standing second to none. The flowers, each containing three red stigmas that will become the spice, have to be picked by hand in the early morning, before the blossoms open to the sun. “It would get so crowded, some days I would make as many as eight cakes,” Mrs. Aslami said. Our support available to help you 24 hours a day, five days a week. In terms of volume, Asia Pacific held the largest market share in 2019 and is likely to expand at CAGR of 6.9% from 2020 to 2027 owing to increasing exports and domestic demand for natural ingredients. Piles of freshly plucked saffron at a processing center in Herat Province in western Afghanistan. Iran is currently the largest producer of saffron in the world, as we said earlier, cultivating over 300 tonnes every year on 30,000 hectares of land. Afghan saffron accounts for only about 4 percent of global production. This is attributable to increasing research and development activities for saffron as an antioxidant, neuroprotective, and antitumor agent by major pharma manufacturers in the region. He has a home, he has a company, he has cars.”. Rising popularity of cosmetic products owing to concerns regarding aging along with changing climatic conditions is expected to fuel the product demand in the cosmetics segment. The country has more than 150 tea plantations, primarily in the northern and eastern part of the country. The cosmetics application segment is projected to expand at a volume-based CAGR of 6.5% from 2020 to 2027. Vanilla ($50-$200 per pound) Some key players operating in the saffron market include Rowhani Saffron Co., Gohar Saffron, Saffron Business Co., Iran Saffron Company, Esfedan Trading Company, Tarvand Saffron Co, Royal Saffron Company, Flora Saffron, and Meher Saffron. Beyond the sanctions that complicate Iran’s reach in international markets, of particular worry is the fact that Afghan saffron has consistently topped quality tests. He often travels abroad to promote Afghan saffron. However, exports are less as compared to production owing to a higher percentage of re-exports from France, Italy, and Spain. His wife of 30 years, Talat Aslami, sat beside him. These players are also likely to concentrate on the integration of the supply chain to maintain consistency in sales and maintain their market share. “The Europeans like free food even more than us Afghans,” Mr. Aslami said with a laugh. Hashim Aslami Has Just One Word for Afghan Farmers: Saffron. This factor saw it placed in the fifth position among the leading natural gas exporters in the world. Glencore is third … Request discounts available for Start-Ups & Universities. Due to a severe drought, the early 2000s saw a dip in saffron production, falling to as low as 0.3 metric tonnes in 2001. All interactions are confidential. Feb 05, 2019 - 18:46. Some fled the country, others were disappeared by the brutal new regime, often taken away from the lecture hall. Intense competition in the market has led to improved quality and packaging standards among manufacturers. T… The world's 20 largest copper mines produce nearly 9 million metric tons of the precious metal a year, about 40% of the world's total copper mine capacity. Thus Spain was the world's largest exporter of saffron. Food was the largest application segment with a volume share of 50.5% in 2019 and is projected to grow at healthy rate from 2020 to 2027. Growing demand for anti-blemish creams, fairness creams, and cleansers is also projected to be a key driving factor for the market. And what was I going to do now?”. Saffron is a spice derived from the flower of the saffron crocus. China is the world's largest contributing country to CO2 emissions—a trend that has steadily risen over the years—now producing 10.06 billion metric tons of CO2. Source: Courtesy Benchmark Mine… That was also where he began to see the promise saffron held for Afghan farmers. Weaker consumer demand for lifestyle and wellbeing products due to social restrictions and lockdown policies shall have a negative impact on the demand patterns of cosmetic ingredients and certain categories of food additives. Pumpjacks in Alberta, Canada. * Land Use, Land-Use Change, and Forestry in the United States is a net sink and offsets approximately 12 percent of these greenhouse gas … Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Europe was the second largest consumer of saffron and related products. In addition, growth in healthcare and food and beverage industries is likely to propel the demand for saffron in developing economies such as China and India over the next few years. Medical sector is likely to create new sales avenues for market participants over the coming years. Picking saffron flowers in November, in the last days of the harvesting season, in the northern Afghan province of Balkh. Today, Saudi Aramco, this kingdom’s largely state-owned oil-producing company, is the most profitable company in the world, and the world’s largest oil producer. Privacy Policy. Afghanistan is now the third-largest saffron producer in the world, behind Iran and India. At the end of 2018, KPC announced an investment plan worth approximately $115bn, as part of its intention to increase oil production … He had focused on agriculture at the urging of his mother, who used to grow vegetables to help feed their family of 10. The state-owned Kuwait Petroleum Company (KPC) is the third-largest producer of oil in the world, with a production rate of over 3.4mbbl/day. KABUL (Pajhwok): Afghanistan produced saffron weighing 16 tonnes this solar year and exported 13 tonnes, becoming the world ’s third largest saffron exporting and producing country. Next look to be BYD Co., Samsung SDI, EVE and JEVE. In addition, treatment of diseases such as cancer, arthritis, and heart disorders also attract saffron demand. “All of a sudden, that shook me awake,” he said, laughing. “Except when I am asleep, the rest of the time is all on saffron,” Mr. Aslami said with a smile, during an interview at his small apartment above a bank in central Kabul, the Afghan capital. In 1979, when Mr. Aslami was two years into his studies in Kabul, the Soviet Union invaded, toppling Afghanistan’s nascent republic and installing a communist government. Iran is known as the largest saffron producer in the world. More than 300,000 people work in these tea plantations. Iran’s saffron exports hit a 10-year high last year, with the highly-prized spice generating more than $325 Million foreign exchange earnings Wholesale export saffron. It was an eventful period. Ford’s first car released was the Model A, although the later Model T automobile was the one that … Poland-based KGHM was second with 45.6 Moz of silver output achieved in 2019, a stunning 18% increase compared to 2018. Its production translates to 2.3% of the total world production. Through his work, and despite all of Afghanistan’s turmoil, Mr. Aslami has managed to thrive. Top 10 Oil Producers in 2019 “He told me they had one acre of land and one donkey — and they were three brothers,” Mr. Aslami recalled the farmer saying of his early years. At the moment, that dream is far from being realized. It’s also cultivated in Greece, Italy, and India. Two decades later, Mr. Aslami, a soft-spoken, 63-year-old with what remains of his hair dyed jet black, is one of the proud visionaries of a rare success story: a $25 million export industry that continues to grow despite the country’s seemingly endless war. It is acquired 45 percent by the HeidelbeCement in 2015; Bothe companies forming the world’s second largest cement producer. Increasing labor costs, requirement of specific conditions for cultivation, and high price of the products are projected to restrain the market growth over the coming years. The U.S. market has witnessed a considerable increase in consumption of saffron in the recent years. After all, in the Middle Ages, England was the world's biggest saffron producer, and the area around Saffron Walden was at the heart of it, hence the name. The report will account for Covid19 as a key market contributor. Explore purchase options. Chile and Peru, alone, account for more than half of the copper mines on this list. But now the worlds biggest producers of this product are Iran, Spain, India, Greece, Azerbaijan, Morocco, and Australia. Known as “red gold,” saffron can sell for as much as $700 a pound on the local market, and for much more elsewhere. But, according to estimates, Iran saffron supplier are producing … New grade of cement produced by the company that is used in various projects such as, the Suez Canal (underwater concrete), Venezia Santa Lucia railway station and bridge … In Kashmir, which ranks second in supply, saffron cultivation is limited to about one-eighth that area--3,715 hectares. Keeping Afghans fed was the priority. He eventually convinced the higher-ups, winning a $100 grant to begin a pilot program on four farms in Herat Province. Copyright © 2021 Grand View Research, Inc. All rights reserved. Saffron (pronounced / ˈ s æ f r ə n / or / ˈ s æ f r ɒ n /) is a spice derived from the flower of Crocus sativus, commonly known as the "saffron crocus".The vivid crimson stigma and styles, called threads, are collected and dried for use mainly as a seasoning and colouring agent in food.