Product Code: GVR-1-68038-471-0
Saffron Market Growth & Trends:
The global saffron market size is anticipated to reach USD 959.38 million by 2030, growing at a CAGR of 7.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience significant growth in the forecast period due to increasing demand for the spice in medical and cosmetic applications. Saffron is a potent source of antioxidants that provide numerous health benefits, with active compounds such as picrocrocin, safranal, and crocin contributing to reducing oxidative damage and inflammation in the brain. Its antioxidant, anti-inflammatory, and memory-enhancing properties are likely to drive market growth. In addition, the cosmetics industry uses saffron as a natural UV-absorbing agent.
Image processing technology, pilot scale, and electric nose are some of the key technologies used in processing saffron. Manual separation of stigmas has been the norm, but the image processing method offers a less time-consuming approach. ISO Standard 3632 is the requirement that governs quality measurement. However, adulteration is a growing concern in the global market due to saffron's high price and increased demand, with products resembling saffron being mixed in as adulterants.
The market in Middle East and Africa is growing and is attributable to the increasing demand to its use in traditional cuisine. Saffron is an essential ingredient in many dishes in the region, such as biryanis, pilafs, and tagines, and it is also used to flavor sweets and desserts. The spice is considered to be a symbol of hospitality and is often served to guests as a sign of respect.
In September 2022, Iran signed a USD 300 million deal with Qatar to supply saffron. Qatar received 200 tons of Iranian saffron, with the first shipment arrived on October 1st. The two countries have been expanding their economic and political ties, with trade exchange growing by 34% in 2021. The Qatari minister hopes to continue expanding economic, trade, and investment cooperation.
Saffron Market Report Highlights:
- Grade-I dominated the grade segment with highest revenue share in 2023. This is owing to the excellent coloring and flavoring strengths and aroma of this grade
- The traditional type accounted for a revenue share of 63.6% in 2023. The market for traditional saffron harvest is driven by several factors, including its unique flavor, aroma, and color, which make it a highly valued ingredient in cooking, cosmetics, and traditional medicine
- The market for liquid form is expected to witness a significant growth with a revenue CAGR of 7.9% over the projected period. The various uses of liquid form of saffron like its culinary and medicinal uses, saffron liquid is also used in the perfume industry to add a unique and exotic aroma to fragrances, is driving the segment
- The market for B2C distribution channel is expected to witness a significant growth with a revenue CAGR of 7.4% over the projected period owing to the rising prevalence of saffron products in online retail platforms and the increasing demand for saffron-based supplements and dietary items
- Middle East and Africa accounted for a revenue share of nearly 51.2% in 2023 owing to rising product demand in the personal care & cosmetic sector in the region owing to increasing recognition of saffron's health advantages, along with the surge in demand for organic and natural commodities
Table of Contents
Chapter 1 Saffron Market: Methodology and Scope
- 1.1 Information Procurement
- 1.1.1 Purchased Database
- 1.1.2 GVR's Internal Database
- 1.1.3 Secondary Sources
- 1.1.4 Third Party Perspective
- 1.1.5 Primary Research
- 1.2 Information Analysis & Data Analysis Models
- 1.3 List of Data Sources
Chapter 2 Saffron Market: Executive Summary
- 2.1 Market Outlook
- 2.2 Competitive Insights
- 2.3 Segmental Outlook
Chapter 3 Saffron Market: Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook: Spices Market
- 3.1.2 Related Market Outlook: Curcumin Market
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material Trends
- 3.2.1.1 Major Raw Material Analysis
- 3.2.1.2 Procurement Best Practices
- 3.2.2 Manufacturing Trends
- 3.2.2.1 Technology Trends
- 3.3 Vendor Selection Criteria
- 3.4 Regulatory Framework
- 3.4.1 The Jammu and Kashmir Saffron Act
- 3.4.2 FDA
- 3.4.3 SAFFIC
- 3.4.3.1 International regulations
- 3.4.3.1.1 National regulations
- 3.4.3.2 Saffron in whole or powder form shall conform to the following respective standards:
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Growing Demand For Saffron In Medical And Cosmetic Applications
- 3.5.1.2 Expanding Food Industry In Various Regions
- 3.5.2 Market Restraint Analysis
- 3.5.2.1 High Cost Of Saffron
- 3.5.3 Market Challenge Analysis
- 3.5.3.1 Weak Packaging Resulting In Quality Degradation Of Saffron
- 3.6 Saffron Industry Analysis - Porter's Analysis
- 3.7 Saffron Industry Analysis Pestel Analysis
- 3.8 Price Analysis, By Region and Grade, 2020
- 3.8.1 Wholesale Price
- 3.8.2 Retail Price
Chapter 4. Saffron Market: Grade Type Range Estimates & Trend Analysis
- 4.1. Grade Movement Analysis & Market Share, 2023 & 2030
- 4.2. Grade I
- 4.2.1. Grade I market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 4.3. Grade II
- 4.3.1. Grade II market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 4.4. Grade III
- 4.4.1. Grade III market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 4.5. Grade IV
- 4.5.1. Grade IV Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
Chapter 5. Saffron Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Organic
- 5.2.1. Organic saffron market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 5.3. Traditional
- 5.3.1. Traditional saffron market estimates and forecast, 2017 - 2030 (USD Million; Tons)
Chapter 6. Saffron Market: Form Estimates & Trend Analysis
- 6.1. Form Movement Analysis & Market Share, 2023 & 2030
- 6.2. Liquid
- 6.2.1. Liquid saffron market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 6.3. Powder
- 6.3.1. Powder saffron market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 6.4. Stigma
- 6.4.1. Stigma saffron market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 6.5. Petals
- 6.5.1. Petals saffron market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 6.6. Stamen
- 6.6.1. Stamen saffron market estimates and forecast, 2017 - 2030 (USD Million; Tons)
Chapter 7. Saffron Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2023 & 2030
- 7.2. Food supplements
- 7.2.1. Saffron market estimates and forecast for food supplements, 2017 - 2030 (USD Million; Tons)
- 7.3. Cosmetic
- 7.3.1. Saffron market estimates and forecast for cosmetics, 2017 - 2030 (USD Million; Tons)
- 7.4. Personal Care Products
- 7.4.1. Saffron market estimates and forecast for personal care products, 2017 - 2030 (USD Million; Tons)
- 7.5. Food & Beverage
- 7.5.1. Saffron market estimates and forecast for food & beverages, 2017 - 2030 (USD Million; Tons)
- 7.6. Others
- 7.6.1. Saffron market estimates and forecast for other application, 2017 - 2030 (USD Million; Tons)
Chapter 8. Saffron Market: Distribution Channel Estimates & Trend Analysis
- 8.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 8.2. B2B
- 8.2.1. Saffron market estimates and forecast through B2B channel, 2017 - 2030 (USD Million; Tons)
- 8.3. B2C
- 8.3.1. Saffron market estimates and forecast through B2B channel, 2017 - 2030 (USD Million; Tons)
Chapter 9. Saffron Market: Regional Estimates & Trend Analysis
- 9.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 9.2. North America
- 9.2.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.2.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.2.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.2.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.2.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.2.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.2.7. U.S.
- 9.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.2.7.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.2.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.2.7.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.2.7.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.2.7.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.2.8. Canada
- 9.2.8.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.2.8.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.2.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.2.8.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.2.8.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.2.8.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.2.9. Mexico
- 9.2.9.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.2.9.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.2.9.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.2.9.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.2.9.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.2.9.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.3. Europe
- 9.3.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.3.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.3.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.3.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.3.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.3.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.3.7. U.K.
- 9.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.3.7.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.3.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.3.7.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.3.7.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.3.7.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.3.8. Germany
- 9.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.3.8.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.3.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.3.8.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.3.8.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.3.8.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.3.9. France
- 9.3.9.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.3.9.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.3.9.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.3.9.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.3.9.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.3.9.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.3.10. Spain
- 9.3.10.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.3.10.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.3.10.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.3.10.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.3.10.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.3.10.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.3.11. Italy
- 9.3.11.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.3.11.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.3.11.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.3.11.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.3.11.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.3.11.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.4. Asia Pacific
- 9.4.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.4.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.4.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.4.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.4.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.4.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.4.7. China
- 9.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.4.7.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.4.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.4.7.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.4.7.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.4.7.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.4.8. Japan
- 9.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.4.8.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.4.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.4.8.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.4.8.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.4.8.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.4.9. India
- 9.4.9.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.4.9.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.4.9.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.4.9.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.4.9.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.4.9.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.4.10. Australia
- 9.4.10.1. Market estimates and forecast, 2017 - 2030, (USD Million)
- 9.4.10.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.4.10.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.4.10.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.4.10.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.4.10.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.5. Central & South America
- 9.5.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.5.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.5.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.5.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.5.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.5.7. Brazil
- 9.5.7.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.5.7.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.5.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.5.7.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.5.7.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.5.7.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.5.8. Argentina
- 9.5.8.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.5.8.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.5.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.5.8.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.5.8.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.5.8.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.6. Middle East & Africa
- 9.6.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.6.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.6.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.6.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.6.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.6.7. UAE
- 9.6.7.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.6.7.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.6.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.6.7.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.6.7.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.6.7.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.6.8. South Africa
- 9.6.8.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.6.8.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.6.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.6.8.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.6.8.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.6.8.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
- 9.6.9. Iran
- 9.6.9.1. Market estimates and forecast, 2017 - 2030 (USD Million; Tons)
- 9.6.9.2. Market estimates and forecast, by grade, 2017 - 2030 (USD Million; Tons)
- 9.6.9.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Tons)
- 9.6.9.4. Market estimates and forecast, by form, 2017 - 2030 (USD Million; Tons)
- 9.6.9.5. Market estimates and forecast, by application, 2017 - 2030 (USD Million; Tons)
- 9.6.9.6. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Tons)
Chapter 10. Competitive Analysis
- 10.1. Recent developments & impact analysis, by key market participants
- 10.2. Company Categorization
- 10.3. Participant's Overview
- 10.4. Financial Performance
- 10.5. Product Benchmarking
- 10.6. Company Market Share Analysis, 2023 (%)
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.9. List of key companies analyzed in this section include:
- 10.9.1. Esfedan Trading Company
- 10.9.2. Safran Global Company S.L.U.
- 10.9.3. Tarvand Saffron Co.
- 10.9.4. Saffron Business Company
- 10.9.5. Gohar Saffron
- 10.9.6. Rowhani Saffron Co.
- 10.9.7. Mehr Saffron
- 10.9.8. Flora Saffron
- 10.9.9. Royal Saffron Company