Saffron Market

Saffron Market Growth, Size, Share, Region is North America, Europe, APAC

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The global saffron market size is expected to be worth around US$ 730.5 million by 2030, according to a new report by Vision Research Reports.

The global saffron market size was valued at US$ 380.6 million in 2020 and is anticipated to grow at a CAGR of 9.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size USD 730.5 million by 2030
Growth Rate CAGR of 9.5% from 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Grade, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Mehr Saffron; Flora Saffron; Royal Saffron Company; Safrante Global Company; Esfedan Saffron Company; Tarvand Saffron Company; Saffron Business Company; Iran Saffron Company; Rowhani Saffron; Gohar Saffron

Growth Factors

 The demand for saffron has been growing rapidly owing to several factors, such as the growing demand for natural ingredients in the food industry. Furthermore, the medicinal properties of saffron have also been one of the key driving factors contributing to the growth of the market. Saffron is the most versatile and costliest spice in the world. Saffron is the dry stigma of Crocus Sativus, where each flower has only 3 stigmas. The process of handpicking the saffron thread is very labor-intensive and over 70,000 flowers produce 1 pound of saffron.

The demand for saffron is continuously on the rise owing to its increasing usage in the traditional cuisines of Asia Pacific countries. Furthermore, saffron is used in traditional Asian medicines to treat or prevent various diseases and health conditions. The increasing usage of the product in various dietary supplements as an ingredient is also expected to bolster the demand over the forecast period.

By Application Analysis

The medical application segment is estimated to witness the fastest growth of 8.8% over the forecast period. The importance of saffron in the traditional medicines in countries, such as Iran, India, and China, is anticipated to boost the growth of the segment over the forecast period.

Furthermore, it has varied applications in the cosmetics industry, such as in skincare and other personal care products. More recently, saffron has attracted a renewed interest for its use in cosmetic products. Besides the antioxidant properties, it presents multiple interests for cosmetic applications. Moreover, saffron has various applications in the food, textile, and fragrance industries.

By Regional Analysis

Asia Pacific led the global market in 2020 accounting for a revenue share of more than 37.5%. India is the leading producer in Asia Pacific wherein India and China are among the leading consumers in the region. Saffron is one of the most valued spices in these countries, having traditional importance in food and medical applications.

Europe is a major market for re-exports as some member countries have large competitive advantages in terms of processing, packaging, and branding capabilities. Value-added profits generated from re-exports are significant, so these importers are always looking to source larger quantities of a high-quality product.

Key Players

  • Esfedan Trading Company
  • Safran Global Company S.L.U.
  • Tarvand Saffron Co.
  • Saffron Business Company
  • Gohar Saffron
  • Rowhani Saffron Co.
  • Mehr Saffron
  • Flora Saffron
  • Royal Saffron Company
  • Iran Saffron company

Market Segmentation

  • Grade
    • Grade I
    • Grade II
    • Grade III
    • Grade IV
  • Application
    • Food
    • Medical
    • Cosmetics
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • UAE
      • South Africa
      • Saudi Arabia

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Saffron Market, By Grade

7.1.  Saffron Market, by Grade, 2021-2030

7.1.1.    Grade I

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Grade II

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Grade III

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Grade IV

7.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Saffron Market, By Application

8.1.  Saffron Market, by Application, 2021-2030

8.1.1.    Food

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Medical

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Cosmetics

8.1.3.1.        Market Revenue and Forecast (2017-2030

8.1.4.    Others

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Saffron Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Grade (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Grade (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Grade (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Grade (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Grade (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Grade (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Esfedan Trading Company

10.1.1.  Company Overview

10.1.2.  Grade Offerings

10.1.3.  Financial PerGradeance

10.1.4.  Recent Initiatives

10.2.              Safran Global Company S.L.U.

10.2.1.  Company Overview

10.2.2.  Grade Offerings

10.2.3.  Financial PerGradeance

10.2.4.  Recent Initiatives

10.3.              Tarvand Saffron Co.

10.3.1.  Company Overview

10.3.2.  Grade Offerings

10.3.3.  Financial PerGradeance

10.3.4.  Recent Initiatives

10.4.              Saffron Business Company

10.4.1.  Company Overview

10.4.2.  Grade Offerings

10.4.3.  Financial PerGradeance

10.4.4.  Recent Initiatives

10.5.              Gohar Saffron

10.5.1.  Company Overview

10.5.2.  Grade Offerings

10.5.3.  Financial PerGradeance

10.5.4.  Recent Initiatives

10.6.              Rowhani Saffron Co.

10.6.1.  Company Overview

10.6.2.  Grade Offerings

10.6.3.  Financial PerGradeance

10.6.4.  Recent Initiatives

10.7.              Mehr Saffron

10.7.1.  Company Overview

10.7.2.  Grade Offerings

10.7.3.  Financial PerGradeance

10.7.4.  Recent Initiatives

10.8.              Flora Saffron.

10.8.1.  Company Overview

10.8.2.  Grade Offerings

10.8.3.  Financial PerGradeance

10.8.4.  Recent Initiatives

10.9.              Royal Saffron Company

10.9.1.  Company Overview

10.9.2.  Grade Offerings

10.9.3.  Financial PerGradeance

10.9.4.  Recent Initiatives

10.10.           Iran Saffron company

10.10.1.               Company Overview

10.10.2.               Grade Offerings

10.10.3.               Financial PerGradeance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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