Market Overview:
The global saffron market is expected to exhibit a CAGR of 8.03% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Saffron is a crimson-colored spice extracted from the filaments of the crocus sativus flower. It is collected and dried and is commonly used as a coloring and flavoring agent in various food products. It is also used for adding fragrances to perfumes and desired color to textile dyes. Saffron is rich in various vitamins and dietary minerals and exhibits anti-depressant, antioxidant, and antiseptic properties due to which it is commonly used in the treatment of asthma, cough, cold and measles. Saffron is commercially available in the form of thread, liquid and powder and finds extensive applications in the manufacturing of food additives, dietary supplements, aromas, cosmetics and skincare products.
Market Trends and Drivers:
Significant growth in the cosmetics industry across the globe represents one of the key factors creating a positive outlook for the saffron market. Saffron is widely used in the manufacturing of various personal care products, such as lotions, cleansers, anti-blemish and fairness creams and shampoos, due to its skin brightening and hair-strengthening properties. Furthermore, widespread product adoption as a key ingredient in various foods and beverages is also driving the market growth. With the increasing health consciousness among the masses, consumers are using saffron as a natural coloring and flavoring agent. In line with this, the utilization of saffron in medicines for its neuroprotective and anti-tumor properties to treat cancer, macular degeneration, arthritis and cardiovascular disorders is also contributing to the market growth. Additionally, the production of organic and chemical-free saffron to cater to the requirements of health-conscious consumers is anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global saffron market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, form and application.
Breakup by Type:
Breakup by Form:
Breakup by Application:
- Food
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Esfedan Trading, Flora Saffron, Gohar Saffron, Grandorco, Great American Spice Company, HEA&CO, Mehr Saffron Company, Rowhani Saffron Co., Safrante Global Company S.L.U., Taj Agro International and Tarvand Saffron Co.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Type, Form, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Esfedan Trading, Flora Saffron, Gohar Saffron, Grandorco, Great American Spice Company, HEA&CO, Mehr Saffron Company, Rowhani Saffron Co., Safrante Global Company S.L.U., Taj Agro International and Tarvand Saffron Co. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global saffron market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global saffron market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global saffron market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Saffron Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Organic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Conventional
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Form
7.1 Thread
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Powder
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Liquid
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Food
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pharmaceuticals
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cosmetics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Esfedan Trading
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Flora Saffron
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Gohar Saffron
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Grandorco
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Great American Spice Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 HEA&CO
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Mehr Saffron Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Rowhani Saffron Co.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Safrante Global Company S.L.U.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Taj Agro International
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Tarvand Saffron Co.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Saffron Market: Major Drivers and Challenges
Figure 2: Global: Saffron Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Saffron Market: Breakup by Type (in %), 2021
Figure 5: Global: Saffron Market: Breakup by Form (in %), 2021
Figure 6: Global: Saffron Market: Breakup by Application (in %), 2021
Figure 7: Global: Saffron Market: Breakup by Region (in %), 2021
Figure 8: Global: Saffron (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Saffron (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Saffron (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Saffron (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Saffron (Thread) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Saffron (Thread) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Saffron (Powder) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Saffron (Powder) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Saffron (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Saffron (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Saffron (Food) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Saffron (Food) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Saffron (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Saffron (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Saffron (Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Saffron (Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Saffron (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Saffron (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Saffron Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Saffron Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Saffron Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Saffron Industry: SWOT Analysis
Figure 76: Global: Saffron Industry: Value Chain Analysis
Figure 77: Global: Saffron Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Saffron Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Saffron Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Saffron Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 4: Global: Saffron Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Saffron Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Saffron Market: Competitive Structure
Table 7: Global: Saffron Market: Key Players