Saffron is a unique and extravagant spice known for its coloring, flavoring, and medicinal properties. These dried threads are extracted from the flowers of crocus sativus plant. Decent saffron yield requires cold and dry climate with enough rainfall or irrigation. The flowers are usually collected in the early-morning hours and their stigma is separated and processed.
Saffron Identification
Fresh saffron is available in spice markets. It is bright reddish golden in color. It releases a pleasing aroma and golden-yellow color, when rubbed between two fingers and when soaked in water or milk. This spice has a unique, pungent bitter-honey taste. Saffron is widely used in food and beverages industry is a fragrant, coloring, and flavoring agent.
Major Applications
Saffron is used in dairy and confectionary to prepare flavored milk, ice-creams, cakes, muffins, baking powder, jellies, jams, teas, and other such products.
Saffron is antiseptic, antioxidant, and anti-depressant. Hence it is found beneficial for treating mild to moderate depression, skin diseases, eye diseases, and other illnesses. It consists of key ingredients such as crocin and safral that can be used in the manufacturing of several antibiotics. Saffron is also used in cosmetic industry to manufacture skin care products such as fairness creams, cleansers, and anti-blemish lotions.
Saffron is used in textile and paint industries owing to its natural colorant properties. It finds applications in dying and perfumes as a replacement of chemical color pigments.
Saffron Green Tea
Bliss Blend Organic Tea, an Australian organic tea manufacturer has recently developed SaffronGreen Tea. It is produced using organic green tea and saffron. This antioxidant tea can improve digestion and eye health. The product is available in Unbleached & Biodegradable Tea Bags.
Market Overview
According to Grand View Research, Inc.; the worldwide saffron market is anticipated to attain USD 2 billion by 2025. Applications in food, medical, cosmetic, textile, and paint industries may propel demand during the forecast period (2014 to 2025).
Europe is predicted to witness significant grown in terms of revenue in the near future. In 2015, it stood at over USD 250 million on account of high demand from food and healthcare sectors. Asia Pacific is expected to remain the second largest market over the forecast period. This growth is attributed to rapid development in food, medical, and cosmetic industries. India is expected to be the major supplier of saffron due to easy availability of skilled labor.
Key companies operating in the global market are Iran Saffron Company; Gohar Saffron; Saffron Business Co.; and Rowhani Saffron Co.
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