Saffron Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has conducted a thorough analysis of the Saffron Market, providing a comprehensive report detailing its global landscape. This in-depth publication offers valuable insights into the market's dynamics, trends, opportunities, and challenges, providing a comprehensive overview of its structure. Backed by exclusive data and statistics, the research predicts the anticipated growth trajectory of the Saffron Market spanning from 2023 to 2030.

The saffron market is projected to grow steadily at a compound annual growth rate (CAGR) of 6.1%. This growth will see the market value rise from US$0.00117 billion in 2023 to US$1.18 billion by the conclusion of 2030.

Key Insights:

Saffron Market Size (2023E): US$0.00117 Bn
Projected Market Value (2030F): US$1.18 Bn
Global Market Growth Rate (CAGR 2023 to 2030): 6.1%
Historical Market Growth Rate (CAGR 2018 to 2022): 5.7%
Revenue Share of Top Four Countries (2022E): 48%

Saffron Market - Report Scope

The Saffron Market encompasses the cultivation, production, and trade of saffron, prized for its vibrant color, distinct flavor, and medicinal qualities. Key regions include Iran, India, and Spain, where saffron is cultivated. Its use spans culinary, pharmaceutical, and cosmetic sectors. Demand is driven by growing consumer awareness of its health benefits and premium appeal, aided by favorable cultivation conditions and expanding global trade networks. Stringent quality standards and sustainability practices characterize the market, contributing to its steady growth.

Market Growth Drivers

Favorable growing conditions in regions like Iran, India, and Spain drive the Saffron Market by ensuring consistent, high-quality yields. Additionally, the spice's alignment with health and wellness trends, given its antioxidant properties and perceived health benefits, fuels its popularity and incorporation into various health-focused products, contributing to market growth.

Market Restraints

Regulatory constraints pose a significant challenge for the Saffron Market, as stringent quality standards and certifications must be met to ensure authenticity and safety. Compliance demands rigorous testing and adherence to specific cultivation and processing practices, with non-compliance risking market exclusion and consumer trust. Additionally, high production costs, stemming from the labor-intensive nature of cultivation and harvesting, present hurdles for market competitiveness. The reliance on skilled labor and the need for large quantities of flowers contribute to elevated expenses, potentially impacting retail prices and market affordability.

Opportunities

Expanding culinary uses offer a promising avenue for the Saffron Market, driven by its unique flavor and color. Innovation in cultivation techniques and product development, fueled by Research and Development (R&D), opens new opportunities for saffron's application in various dishes and products. This, coupled with educational campaigns, fuels consumer demand and market growth.

Key Questions Answered in Report::

What are the current trends and dynamics driving the Saffron Market?
What are the primary factors influencing saffron cultivation, production, and trade?
How do regulatory constraints impact market performance and consumer trust?
What are the challenges posed by high production costs and technological hurdles?
What opportunities are presented by expanding culinary applications and Research and Development (R&D) initiatives?

Competitive Intelligence and Business Strategy

In the competitive landscape of the Saffron Market, key players like Novin Saffron, Safrante Global Company, Hijos de Eustaquio Abad & Co. S.L., and Rowhani Saffron Co. are prominent, employing strategic initiatives such as geographic expansion and product innovation to fortify their market positions. Alongside these major players, regional firms catering to specific markets and niche segments also contribute to the industry's diversity. Combatting counterfeit products remains a challenge, underscoring the significance of quality assurance and certifications. Competitiveness in the market is driven by factors like product quality, authenticity, and sustainability practices. As demand escalates, competition intensifies, leading to continuous advancements and partnerships within the Saffron Market.

Key Companies Profiled

Safrante Global Company S.L.U.
Evolva
Rowhani Saffron Co
Sara Nuts
Tarvand Saffron Co
Hijos de Eustaquio Abad & Co. S.L.
USMS Saffron Co. Inc.
Royal Saffron Company
Saharkhiz International Group Companies
Gohar Saffron
Novin Saffron Co.
Azafranes Manchegos SL

Saffron Market Segmentation

By Form:

Thread
Powder
Liquid

By End Use:

Retail
Food Service
Culinary Products
Dairy Products
Confectionery
Tea
Others

By Function:

Flavoring & Spice
Herbs
Others

By Application:

Food Supplements
Cosmetics
Personal Care Products
Food & Beverage
Others

By Distribution:

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33997

1. Executive Summary

1.1. Global Saffron Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Form Lifecycle Analysis
2.4. Saffron Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Saffron Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Saffron Market Outlook: Form
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Form, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
  - 3.3.3.1. Thread
  - 3.3.3.2. Powder
  - 3.3.3.3. Liquid
3.4. Market Attractiveness Analysis: Form
3.5. Global Saffron Market Outlook: End Use
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End Use, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
  - 3.5.3.1. Retail
  - 3.5.3.2. Food Service
  - 3.5.3.3. Culinary Products
  - 3.5.3.4. Dairy Products
  - 3.5.3.5. Confectionery
  - 3.5.3.6. Tea
  - 3.5.3.7. Others
3.6. Market Attractiveness Analysis: End Use
3.7. Global Saffron Market Outlook: Function
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Function, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Function, 2023 - 2030
  - 3.7.3.1. Flavoring & Spice
  - 3.7.3.2. Herbs
  - 3.7.3.3. Others
3.8. Market Attractiveness Analysis: Function
3.9. Global Saffron Market Outlook: Application
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.9.3.1. Food Supplements
  - 3.9.3.2. Cosmetics
  - 3.9.3.3. Personal Care Products
  - 3.9.3.4. Food & Beverage
  - 3.9.3.5. Others
3.10. Market Attractiveness Analysis: Application
3.11. Global Saffron Market Outlook: Distribution
- 3.11.1. Introduction / Key Findings
- 3.11.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Distribution, 2018 - 2022
- 3.11.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution, 2023 - 2030
  - 3.11.3.1. B2B
  - 3.11.3.2. B2C
3.12. Market Attractiveness Analysis: Distribution

4. Global Saffron Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Saffron Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Form
- 5.3.3. By End Use
- 5.3.4. By Function
- 5.3.5. By Application
- 5.3.6. By Distribution
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 5.5.1. Thread
- 5.5.2. Powder
- 5.5.3. Liquid
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 5.6.1. Retail
- 5.6.2. Food Service
- 5.6.3. Culinary Products
- 5.6.4. Dairy Products
- 5.6.5. Confectionery
- 5.6.6. Tea
- 5.6.7. Others
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Function, 2023 - 2030
- 5.7.1. Flavoring & Spice
- 5.7.2. Herbs
- 5.7.3. Others
5.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.8.1. Food Supplements
- 5.8.2. Cosmetics
- 5.8.3. Personal Care Products
- 5.8.4. Food & Beverage
- 5.8.5. Others
5.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution, 2023 - 2030
- 5.9.1. B2B
- 5.9.2. B2C
5.10. Market Attractiveness Analysis

6. Europe Saffron Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Form
- 6.3.3. By End Use
- 6.3.4. By Function
- 6.3.5. By Application
- 6.3.6. By Distribution
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 6.5.1. Thread
- 6.5.2. Powder
- 6.5.3. Liquid
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 6.6.1. Retail
- 6.6.2. Food Service
- 6.6.3. Culinary Products
- 6.6.4. Dairy Products
- 6.6.5. Confectionery
- 6.6.6. Tea
- 6.6.7. Others
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Function, 2023 - 2030
- 6.7.1. Flavoring & Spice
- 6.7.2. Herbs
- 6.7.3. Others
6.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.8.1. Food Supplements
- 6.8.2. Cosmetics
- 6.8.3. Personal Care Products
- 6.8.4. Food & Beverage
- 6.8.5. Others
6.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution, 2023 - 2030
- 6.9.1. B2B
- 6.9.2. B2C
6.10. Market Attractiveness Analysis

7. East Asia Saffron Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Form
- 7.3.3. By End Use
- 7.3.4. By Function
- 7.3.5. By Application
- 7.3.6. By Distribution
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 7.5.1. Thread
- 7.5.2. Powder
- 7.5.3. Liquid
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 7.6.1. Retail
- 7.6.2. Food Service
- 7.6.3. Culinary Products
- 7.6.4. Dairy Products
- 7.6.5. Confectionery
- 7.6.6. Tea
- 7.6.7. Others
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Function, 2023 - 2030
- 7.7.1. Flavoring & Spice
- 7.7.2. Herbs
- 7.7.3. Others
7.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.8.1. Food Supplements
- 7.8.2. Cosmetics
- 7.8.3. Personal Care Products
- 7.8.4. Food & Beverage
- 7.8.5. Others
7.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution, 2023 - 2030
- 7.9.1. B2B
- 7.9.2. B2C
7.10. Market Attractiveness Analysis

8. South Asia & Oceania Saffron Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Form
- 8.3.3. By End Use
- 8.3.4. By Function
- 8.3.5. By Application
- 8.3.6. By Distribution
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 8.5.1. Thread
- 8.5.2. Powder
- 8.5.3. Liquid
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 8.6.1. Retail
- 8.6.2. Food Service
- 8.6.3. Culinary Products
- 8.6.4. Dairy Products
- 8.6.5. Confectionery
- 8.6.6. Tea
- 8.6.7. Others
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Function, 2023 - 2030
- 8.7.1. Flavoring & Spice
- 8.7.2. Herbs
- 8.7.3. Others
8.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.8.1. Food Supplements
- 8.8.2. Cosmetics
- 8.8.3. Personal Care Products
- 8.8.4. Food & Beverage
- 8.8.5. Others
8.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution, 2023 - 2030
- 8.9.1. B2B
- 8.9.2. B2C
8.10. Market Attractiveness Analysis

9. Latin America Saffron Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Form
- 9.3.3. By End Use
- 9.3.4. By Function
- 9.3.5. By Application
- 9.3.6. By Distribution
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 9.5.1. Thread
- 9.5.2. Powder
- 9.5.3. Liquid
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 9.6.1. Retail
- 9.6.2. Food Service
- 9.6.3. Culinary Products
- 9.6.4. Dairy Products
- 9.6.5. Confectionery
- 9.6.6. Tea
- 9.6.7. Others
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Function, 2023 - 2030
- 9.7.1. Flavoring & Spice
- 9.7.2. Herbs
- 9.7.3. Others
9.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.8.1. Food Supplements
- 9.8.2. Cosmetics
- 9.8.3. Personal Care Products
- 9.8.4. Food & Beverage
- 9.8.5. Others
9.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution, 2023 - 2030
- 9.9.1. B2B
- 9.9.2. B2C
9.10. Market Attractiveness Analysis

10. Middle East & Africa Saffron Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Form
- 10.3.3. By End Use
- 10.3.4. By Function
- 10.3.5. By Application
- 10.3.6. By Distribution
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 10.5.1. Thread
- 10.5.2. Powder
- 10.5.3. Liquid
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 10.6.1. Retail
- 10.6.2. Food Service
- 10.6.3. Culinary Products
- 10.6.4. Dairy Products
- 10.6.5. Confectionery
- 10.6.6. Tea
- 10.6.7. Others
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Function, 2023 - 2030
- 10.7.1. Flavoring & Spice
- 10.7.2. Herbs
- 10.7.3. Others
10.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.8.1. Food Supplements
- 10.8.2. Cosmetics
- 10.8.3. Personal Care Products
- 10.8.4. Food & Beverage
- 10.8.5. Others
10.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution, 2023 - 2030
- 10.9.1. B2B
- 10.9.2. B2C
10.10. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Safrante Global Company S.L.U.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Evolva
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Rowhani Saffron Co
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Sara Nuts
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Tarvand Saffron Co
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Hijos de Eustaquio Abad & Co. S.L.
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. USMS Saffron Co. Inc.
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Royal Saffron Company
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Saharkhiz International Group Companies
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Gohar Saffron
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Novin Saffron Co.
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Azafranes Manchegos SL
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations