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Saffron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global saffron market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. 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.

Significant growth in the cosmetics industry across the globe represents one of the key factors creating a positive outlook for the 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 2021-2026. Our report has categorized the market based on type, form and application.

Breakup by Type:

  • Organic
  • Conventional
     

Breakup by Form:

  • Thread
  • Powder
  • Liquid
     

Breakup by Application:

  • Food
  • Pharmaceuticals
  • Cosmetics
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2299
Five User License: US$ 3399
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$), 2015-2020
Figure 3: Global: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Saffron Market: Breakup by Type (in %), 2020
Figure 5: Global: Saffron Market: Breakup by Form (in %), 2020
Figure 6: Global: Saffron Market: Breakup by Application (in %), 2020
Figure 7: Global: Saffron Market: Breakup by Region (in %), 2020
Figure 8: Global: Saffron (Organic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Saffron (Organic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Saffron (Conventional) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Saffron (Conventional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Saffron (Thread) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Saffron (Thread) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Saffron (Powder) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Saffron (Powder) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Saffron (Liquid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Saffron (Liquid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Saffron (Food) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Saffron (Food) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Saffron (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Saffron (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Saffron (Cosmetics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Saffron (Cosmetics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Saffron (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Saffron (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Canada: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Canada: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Asia-Pacific: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Asia-Pacific: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: China: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: China: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Japan: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Japan: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Australia: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Australia: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Indonesia: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Indonesia: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Others: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Others: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Germany: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Germany: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: France: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: France: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: United Kingdom: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: United Kingdom: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Italy: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Italy: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Spain: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Spain: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Russia: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Russia: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Latin America: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Latin America: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Brazil: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Brazil: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Mexico: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Mexico: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Middle East and Africa: Saffron Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Middle East and Africa: Saffron Market: Breakup by Country (in %), 2020
Figure 74: Middle East and Africa: Saffron Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Saffron Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Saffron Market Forecast: Breakup by Form (in Million US$), 2021-2026
Table 4: Global: Saffron Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Saffron Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Saffron Market: Competitive Structure
Table 7: Global: Saffron Market: Key Players
Table 8: Global: Saffron Market: Key Players

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