Saffron Market Size, Growth, Business Opportunity, Global Industry Demand 2022-2027

According to IMARC Group’s latest report entitled “Saffron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global saffron market is expected to show a CAGR of 8.03% during the period 2022-2027. Saffron is a crimson spice derived from the crocus sativus or saffron crocus plant. The three stigmas are hand-picked from the flower, spread out on trays and dried over charcoal. Saffron has an exotic, strong aroma and bitter taste and is generally used as a flavoring and coloring agent in various foods. It is a popular spice used in many Asian, Spanish and Mediterranean dishes. Saffron is a rich source of various vitamins and dietary minerals and exhibits antioxidant, antidepressant and antiseptic properties. Therefore, it is largely used in the treatment of colds, coughs, asthma and measles. The herb is commercially available in liquid, thread and powder form and is widely used to manufacture nutritional supplements, food additives, flavors, skin care products and cosmetics.

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Year Considered to Estimate Market Size:

Base year of analysis: 2021
Historical period: 2016-2021
Forecast period: 2022-2027

Market trends:

The shifting consumer preference for saffron as a natural flavoring and coloring agent is one of the major factors driving the market growth. Moreover, rising health awareness and rising use of saffron as a key ingredient in various foods and beverages are bolstering the market growth. In addition, the rapid expansion of the cosmetic industry and the increasing demand for natural ingredients are accelerating the growth of the saffron market. Apart from this, the widespread availability of organic and chemical-free saffron and government initiatives to increase saffron cultivation activities are driving a positive outlook for the market.

Saffron Market 2022-2027 Competitive Analysis and Segmentation:

Competitive landscape with protagonists:

The competitive landscape of the saffron market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players are:

  • Esfedan Trading
  • Flora Saffron
  • Gohar saffron
  • grandorco
  • Great American Spice Company
  • HEA&CO
  • More Saffron Company
  • Rowhani Saffron Co.
  • Safrante Global Company SLU
  • Taj Agro International
  • Tarvand Saffron Co.

Main market segmentation:

The report has segmented the global saffron market based on type, shape, application and region.

Breakup by type:

Breakup by form:

Breakdown by application:

  • Food
  • Medicines
  • Cosmetics
  • Others

Breakdown by region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key highlights of the report:

  • Market performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market trends
  • Market drivers and success factors
  • Consequences of COVID-19
  • Value chain analysis
  • Extensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.

About us

IMARC Group is a leading market research firm providing global management strategy and market research. We partner with clients across all industries and geographies to identify their most valuable opportunities, address their most critical challenges and transform their businesses.

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Saffron Market Size, Growth, Business Opportunity, Global Industry Demand 2022-2027

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