Saffron Market, By Product Type, By End-Use, By Distribution Channel, By Geography

Description

The saffron market is estimated to be valued at USD 702.8 Mn in 2024 and is expected to reach USD 1,166.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 702.8 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	7.50%	2031 Value Projection:	US$ 1,166.1 Mn

Figure. Saffron Market Share (%), By Region 2024

Saffron is a spice derived from the flower of Crocus sativus, commonly known as the saffron crocus. The vivid red-orange stigmas and styles from these flowers are collected and dried to be used as a seasoning and colouring agent in food. Saffron has long been valued for its golden yellow-orange colour as well as its distinctive flavour. It has been used in cooking since ancient times and is considered to be one of the most expensive spices in the world due to the laborious process involved in its harvesting. Saffron's high cost and labor input have meant that it is often adulterated. However, recent innovations in saffron farming and processing are expected to impact the dynamics of the global saffron market going forward.

Market Dynamics:

The global saffron market is driven by factors such as increasing demand for quality spices and natural food ingredients. Saffron has applications in various industries like food and beverages, personal care & cosmetics, and textiles. Rising demand for ethnic and traditional cuisines in developing nations is also boosting market growth. However, the market faces challenges from high production costs and volatile supply of saffron crops due to climate changes. Opportunities for market expansion lie in developing new technologies to improve field yields and anti-counterfeiting solutions. Saffron cultivation requires suitable agro-climatic conditions that are available only in specific regions, which poses locational restraints on production. Overall, market growth is contingent on overcoming supply constraints through innovations and expanding application scope of saffron products.

Key Features of the Study:

This report provides in-depth analysis of the global saffron market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global saffron market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Esfedan Saffron Co., Flora Saffron (ATDM Co.), Gauhar Saffron Co., Grandor Co., Great American Spice Company, HEA&Co, Mehr Saffron Company, Rowhani Saffron Co., Safrante Global Company S.L.U, Saffron King, Rowhani Saffron Co., Kesar Saffron, Kashmiri Saffron, Zaffron Saffron, Eyjan saffron, and Organic Kashmir
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global saffron market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global saffron market

Detailed Segmentation

Product Type Insights (Revenue, USD Mn, 2019 - 2031)
- Saffron Threads
- Saffron Powder
End-use Insights (Revenue, USD Mn, 2019 - 2031)
- Culinary
- Medicinal
- Cosmetics
- Others
Distribution Channel Insights (Revenue, USD Mn, 2019 - 2031)
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Retailers
- Direct Sales
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Esfedan Saffron Co.
- Flora Saffron (ATDM Co.)
- Gauhar Saffron Co.
- Grandor Co.
- Great American Spice Company
- HEA&Co
- Mehr Saffron Company
- Rowhani Saffron Co.
- Safrante Global Company S.L.U
- Saffron King
- Rowhani Saffron Co.
- Kesar Saffron
- Kashmiri Saffron
- Zaffron Saffron
- Eyjan saffron
- Organic Kashmir

Product Code: CMI2165

1. RESEARCH OBJECTIVES AND ASSUMPTIONS

Research Objectives
Assumptions
Abbreviations

2. MARKET PURVIEW

Report Description
- Market Definition and Scope
Executive Summary
- Saffron Market, By Product Type
- Saffron Market, By End-Use
- Saffron Market, By Distribution Channel
- Saffron Market, By Region

3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Saffron Market, By Product Type, 2024-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Saffron Threads
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Saffron Powder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

5. Saffron Market, By End-Use, 2024-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Culinary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Medicinal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

6. Saffron Market, By Distribution Channel, 2024-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Supermarkets/Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Online Retailers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Direct Sales
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

7. Global Saffron Market, By Region, 2019 - 2031, Value (USD Mn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Mn)
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
U.S.
Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
South Africa
North Africa
Central Africa

8. COMPETITIVE LANDSCAPE

Esfedan Saffron Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Flora Saffron (ATDM Co.)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Gauhar Saffron Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Grandor Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Great American Spice Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
HEA&Co
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mehr Saffron Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Rowhani Saffron Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Safrante Global Company S.L.U
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Saffron King
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Rowhani Saffron Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kesar Saffron
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kashmiri Saffron
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Zaffron Saffron
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Eyjan saffron
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Organic Kashmir
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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