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Saffron Market Size, Trends, Analysis, and Outlook By Grade (Grade I, Grade II, Grade III, Grade IV), By Form (Liquid, Powder, Stigma, Petals, Stamen), By Application (Food supplements, Cosmetics, Personal care products, Food & beverage, Others), By Distribution Channel (B2B, B2C), by Country, Segment, and Companies, 2024-2032

October 2024 | 190 pages | ID: S506F13534C0EN
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Global Saffron Market Size is valued at $688.3 Million in 2024 and is forecast to register a growth rate (CAGR) of 6.4% to reach $1130.6 Million by 2032.

The saffron market is seeing increased demand due to its rising use in functional foods, cosmetics, and natural medicines. As saffron is known for its antioxidant and anti-inflammatory properties, its incorporation into health supplements and high-end beauty products is growing. Sustainable sourcing and traceability are becoming key selling points in the premium spice market.

Saffron Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Saffron survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Saffron industry.

Key market trends defining the global Saffron demand in 2025 and Beyond

The Saffron industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Saffron Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Saffron industry

Leading Saffron companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Saffron companies.

Saffron Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.

- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.

- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.

- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.

- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Saffron Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Saffron industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Saffron Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Saffron Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Saffron market segments. Similarly, strong market demand encourages Canadian Saffron companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Saffron Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Saffron industry remains the major market for companies in the European Saffron industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Saffron market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Saffron Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Saffron in Asia Pacific. In particular, China, India, and South East Asian Saffron markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Saffron Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Saffron Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Saffron market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Saffron.

Saffron Company Profiles

The global Saffron market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are Esfedan Trading Company, Flora Saffron, Gohar Saffron, Iran Saffron company, Mehr Saffron, Rowhani Saffron Co., Royal Saffron Company, Saffron Business Company, Safran Global Company S.L.U., Tarvand Saffron Co..

Recent Saffron Market Developments

The global Saffron market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Saffron Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

Grade

Grade I

Grade II

Grade III

Grade IV

Form

Liquid

Powder

Stigma

Petals

Stamen

Application

Food supplements

Cosmetics

Personal care products

Food & beverage

Others

Distribution Channel

B2B

B2C

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Esfedan Trading Company

Flora Saffron

Gohar Saffron

Iran Saffron company

Mehr Saffron

Rowhani Saffron Co.

Royal Saffron Company

Saffron Business Company

Safran Global Company S.L.U.

Tarvand Saffron Co.

Formats Available: Excel, PDF, and PPT
CHAPTER 1: EXECUTIVE SUMMARY

1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
  1.3.1 Country Coverage
  1.3.2 Companies Profiled
  1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
  1.3.4 Units
1.4 Abbreviations

CHAPTER 2. SAFFRON MARKET OVERVIEW- 2025

2.1 An Introduction to the Global Saffron Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024

CHAPTER 3. STRATEGIC ANALYSIS REVIEW

3.1 Saffron Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments

CHAPTER 4. IMPACT ANALYSIS AND SCENARIO FORECASTS

4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Saffron Market Outlook to 2032
4.6 Reference Case Scenario: Global Saffron Market Outlook to 2032
4.7 High Growth Case Scenario: Global Saffron Market Outlook to 2032

CHAPTER 5: SAFFRON MARKET DYNAMICS

5.1 Key Saffron Market Trends
5.2 Potential Saffron Market Opportunities
5.3 Key Market Challenges

CHAPTER 6: GLOBAL SAFFRON MARKET ANALYSIS AND OUTLOOK TO 2032

6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 Grade
Grade I
Grade II
Grade III
Grade IV
Form
Liquid
Powder
Stigma
Petals
Stamen
Application
Food supplements
Cosmetics
Personal care products
Food & beverage
Others
Distribution Channel
B2B
B2C
6.3 Global Market Outlook by Region, 2021 to 2032

CHAPTER 7: NORTH AMERICA SAFFRON MARKET ANALYSIS AND OUTLOOK TO 2032

7.1 North America Market Outlook by Segments, 2021- 2032
7.2 Grade
Grade I
Grade II
Grade III
Grade IV
Form
Liquid
Powder
Stigma
Petals
Stamen
Application
Food supplements
Cosmetics
Personal care products
Food & beverage
Others
Distribution Channel
B2B
B2C
7.3 North America Market Outlook by Country, 2021- 2032
  7.3.1 United States Saffron Market Size Forecast, 2021- 2032
  7.3.2 Canada Saffron Market Size Forecast, 2021- 2032
  7.3.3 Mexico Saffron Market Size Forecast, 2021- 2032

CHAPTER 8: EUROPE SAFFRON MARKET ANALYSIS AND OUTLOOK TO 2032

8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 Grade
Grade I
Grade II
Grade III
Grade IV
Form
Liquid
Powder
Stigma
Petals
Stamen
Application
Food supplements
Cosmetics
Personal care products
Food & beverage
Others
Distribution Channel
B2B
B2C
8.3 Europe Market Outlook by Country, 2021- 2032
  8.3.1 Germany Saffron Market Size Forecast, 2021- 2032
  8.3.2 France Saffron Market Size Forecast, 2021- 2032
  8.3.3 United Kingdom Saffron Market Size Forecast, 2021- 2032
  8.3.4 Spain Saffron Market Size Forecast, 2021- 2032
  8.3.5 Italy Saffron Market Size Forecast, 2021- 2032
  8.3.6 Russia Saffron Market Size Forecast, 2021- 2032
  8.3.7 Rest of Europe Saffron Market Size Forecast, 2021- 2032

CHAPTER 9: ASIA PACIFIC SAFFRON MARKET ANALYSIS AND OUTLOOK TO 2032

9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 Grade
Grade I
Grade II
Grade III
Grade IV
Form
Liquid
Powder
Stigma
Petals
Stamen
Application
Food supplements
Cosmetics
Personal care products
Food & beverage
Others
Distribution Channel
B2B
B2C
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
  9.3.1 China Saffron Market Size Forecast, 2021- 2032
  9.3.2 India Saffron Market Size Forecast, 2021- 2032
  9.3.3 Japan Saffron Market Size Forecast, 2021- 2032
  9.3.4 South Korea Saffron Market Size Forecast, 2021- 2032
  9.3.5 Australia Saffron Market Size Forecast, 2021- 2032
  9.3.6 South East Asia Saffron Market Size Forecast, 2021- 2032
  9.3.7 Rest of Asia Pacific Saffron Market Size Forecast, 2021- 2032

CHAPTER 10: SOUTH AMERICA SAFFRON MARKET ANALYSIS AND OUTLOOK TO 2032

10.1 South America Market Outlook by Segments, 2021- 2032
10.2 Grade
Grade I
Grade II
Grade III
Grade IV
Form
Liquid
Powder
Stigma
Petals
Stamen
Application
Food supplements
Cosmetics
Personal care products
Food & beverage
Others
Distribution Channel
B2B
B2C
10.3 South America Market Outlook by Country, 2021- 2032
  10.3.1 Brazil Saffron Market Size Forecast, 2021- 2032
  10.3.2 Argentina Saffron Market Size Forecast, 2021- 2032
  10.3.3 Rest of South America Saffron Market Size Forecast, 2021- 2032

CHAPTER 11: MIDDLE EAST AND AFRICA SAFFRON MARKET ANALYSIS AND OUTLOOK TO 2032

11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 Grade
Grade I
Grade II
Grade III
Grade IV
Form
Liquid
Powder
Stigma
Petals
Stamen
Application
Food supplements
Cosmetics
Personal care products
Food & beverage
Others
Distribution Channel
B2B
B2C
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
  11.3.1 Saudi Arabia Saffron Market Size Forecast, 2021- 2032
  11.3.2 The UAE Saffron Market Size Forecast, 2021- 2032
  11.3.3 Rest of Middle East Saffron Market Size Forecast, 2021- 2032
  11.3.4 South Africa Saffron Market Size Forecast, 2021- 2032
  11.3.4 Rest of Africa Saffron Market Size Forecast, 2021- 2032

CHAPTER 12: COMPETITIVE LANDSCAPE

12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 Esfedan Trading Company
Flora Saffron
Gohar Saffron
Iran Saffron company
Mehr Saffron
Rowhani Saffron Co.
Royal Saffron Company
Saffron Business Company
Safran Global Company S.L.U.
Tarvand Saffron Co.

CHAPTER 13: SOURCES AND RESEARCH METHODOLOGY

13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the Q4-2024 Version
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information

LIST OF FIGURES

Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Saffron Market Outlook by Type, 2021- 2032
Figure 6: Global Saffron Market Outlook by Application, 2021- 2032
Figure 7: Global Saffron Market Outlook by Region, 2021- 2032
Figure 8: North America Saffron Market Snapshot, Q4-2024
Figure 9: North America Saffron Market Size Forecast by Type, 2021- 2032
Figure 10: North America Saffron Market Size Forecast by Application, 2021- 2032
Figure 11: North America Saffron Market Share by Country, 2023
Figure 12: Europe Saffron Market Snapshot, Q4-2024
Figure 13: Europe Saffron Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Saffron Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Saffron Market Share by Country, 2023
Figure 16: Asia Pacific Saffron Market Snapshot, Q4-2024
Figure 17: Asia Pacific Saffron Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Saffron Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Saffron Market Share by Country, 2023
Figure 20: South America Saffron Market Snapshot, Q4-2024
Figure 21: South America Saffron Market Size Forecast by Type, 2021- 2032
Figure 22: South America Saffron Market Size Forecast by Application, 2021- 2032
Figure 23: South America Saffron Market Share by Country, 2023
Figure 24: Middle East and Africa Saffron Market Snapshot, Q4-2024
Figure 25: Middle East and Africa Saffron Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Saffron Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Saffron Market Share by Country, 2023
Figure 28: United States Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Saffron Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology

LIST OF TABLES

Table 1: Market Scope and Segmentation
Table 2: Global Saffron Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Saffron Market Size Outlook by Segments, 2021- 2032
Table 7: Global Saffron Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Saffron Market Outlook by Type, 2021- 2032
Table 10: North America- Saffron Market Outlook by Country, 2021- 2032
Table 11: Europe - Saffron Market Outlook by Type, 2021- 2032
Table 12: Europe - Saffron Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Saffron Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Saffron Market Outlook by Country, 2021- 2032
Table 15: South America- Saffron Market Outlook by Type, 2021- 2032
Table 16: South America- Saffron Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Saffron Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Saffron Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Saffron Companies
Table 20: Product Profiles of Leading Saffron Companies
Table 21: SWOT Profiles of Leading Saffron Companies


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