Market Overview 2023-2028:
The global saffron market is expected to exhibit a growth rate (CAGR) of 8% during 2023-2028.
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.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Saffron Market Trends:
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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, form and application.
Breakup by Type:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Form:
Breakup by Application:
- Food
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
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- 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 |
2022 |
Historical Period |
2017-2022 |
Forecast Period |
2023-2028 |
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?