The Global Saffron Market size is expected to reach $895.9 million by 2030, rising at a market growth of 6.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 844.5 tonnes, experiencing a growth of 6.3% (2019-2022).
Liquid saffron provides a convenient and ready-to-use form, making it easy for consumers to integrate saffron into their culinary creations. Consequently, the liquid segment would generate an approximately 18.28 % share of the market by 2030. The liquid format eliminates the need for manual processing of saffron threads, offering a time-saving solution for home cooks and professional chefs. Therefore, these factors can fuel the demand in the segment.
Saffron contains compounds with antioxidant properties, such as crocin and safranin. Antioxidants help neutralize free radicals in the body, which may contribute to aging and various chronic diseases. The perceived health benefits of saffron as an antioxidant-rich spice have attracted health-conscious consumers. Therefore, owing to these factors, there will be enhanced demand for saffron.
Additionally, Saffron imparts a unique, rich flavor and a distinctive golden color to dishes. Its aromatic qualities contribute to enhancing the overall sensory experience of a dish. Chefs appreciate saffron's ability to add complexity and depth to various recipes. Therefore, the market will expand rapidly in the upcoming years.
However, Harvesting saffron involves carefully plucking these delicate threads by hand. This process is labor-intensive and time-consuming, requiring precision to avoid damaging the saffron threads. The need for skilled laborers and the manual nature of the harvesting contribute significantly to production costs. Hence, these aspects can hamper the growth of the market.
By Type Analysis
On the basis of type, the market is divided into organic and traditional. The traditional segment recorded the 61.5 % revenue share in the saffron in 2022. Traditional saffron is often perceived as more authentic and purer, resonating with consumers who prioritize these qualities. The emphasis on traditional cultivation methods and processing techniques contributes to the distinct flavor profile and aromatic characteristics that consumers associate with genuine, high-quality saffron. Therefore, the segment will grow rapidly in the upcoming years.
By Distribution Channel Analysis
By Distribution Channel the market is segmented into B2B and B2C. In 2022, the B2C segment garnered a 40.93 % revenue share in the market. The rise of home cooking, particularly during lockdowns and increased focus on homemade meals, has contributed to the surge in demand in the B2C segment. Consumers seeking premium ingredients for their home-cooked dishes are turning to saffron to enhance their culinary creations' flavor and visual appeal. Hence, these aspects will assist in the growth of the segment.
By Application Analysis
On the basis of application, the market is divided into pharmaceuticals, personal care & cosmetics, food & beverages, and others. The food and beverages segment recorded the 50.3 % revenue share in the market in 2022. Saffron is increasingly sought after as a premium ingredient in the food industry. Its unique and intense flavor profile, coupled with the vibrant color it imparts to dishes, positions saffron as a valuable addition to premium food offerings, catering to consumers seeking elevated culinary experiences. Therefore, these factors will fuel the demand in the segment.
By Form Analysis
Based on form, the market is divided into liquid, powder, stigma, petals, and stamen. The powder segment procured a 23.27 % revenue share in the market in 2022. Saffron powder is favored for its ease of incorporation into various dishes. Home cooks and chefs find saffron powder convenient, as it eliminates the need for manual grinding or steeping, allowing for quick and effortless integration into recipes. This uniform dispersion enhances the overall taste and aroma of dishes, providing a consistent saffron experience in every bite. Thus, these factors can assist in the expansion of the segment.
By Grade Type Analysis
Based on grade type, the market is segmented into grade I, grade II, grade III, and grade IV. The grade I segment held the 41.23% revenue share in the market in 2022. There is a discernible trend among consumers towards prioritizing premium and high-quality food products. Grade I saffron, noted for its exceptional quality, brilliant color, and rich flavor profile, has become a popular choice among those seeking a more refined culinary experience. Therefore, owing to these factors, the segment will witness increased demand in the coming years.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment acquired a 10.69 % revenue share in the market. The demand for saffron in North America is propelled by the region's culinary diversity and a growing interest in exploring unique and premium ingredients. Consumers, chefs, and home cooks alike incorporate saffron into various dishes, adding a touch of sophistication and exotic flavors to their culinary creations. Thus, the segment will expand rapidly in the coming years.
List of Key Companies Profiled
- Esfedan Saffron Co.
- Safrante Speciality Foods S.A
- Tarvand Saffron Ghayen Company
- Azafranes Manchegos S.L
- Gohar Saffron Co.
- Rowhani Saffron Co.
- Mehr Saffron
- Dorren Saffron
- Royal Saffron Company
- Triselecta, S.A
Global Saffron Market Report Segmentation
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
By Form (Volume, Tonnes, USD Million, 2019-2030)
- Petals
- Powder
- Liquid
- Stigma
- Stamen
By Grade Type (Volume, Tonnes, USD Million, 2019-2030)
- Grade I
- Grade II
- Grade III
- Grade IV
By Geography (Volume, Tonnes, USD Million, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Saffron Market, by Type
- 1.4.2Global Saffron Market, by Distribution Channel
- 1.4.3Global Saffron Market, by Application
- 1.4.4Global Saffron Market, by Form
- 1.4.5Global Saffron Market, by Grade Type
- 1.4.6Global Saffron Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Saffron Market by Type
- 4.1Global Traditional Market by Region
- 4.2Global Organic Market by Region
Chapter 5.Global Saffron Market by Distribution Channel
- 5.1Global B2B Market by Region
- 5.2Global B2C Market by Region
Chapter 6.Global Saffron Market by Application
- 6.1Global Food & Beverages Market by Region
- 6.2Global Personal Care & Cosmetics Market by Region
- 6.3Global Pharmaceuticals Market by Region
- 6.4Global Others Market by Region
Chapter 7.Global Saffron Market by Form
- 7.1Global Petals Market by Region
- 7.2Global Powder Market by Region
- 7.3Global Liquid Market by Region
- 7.4Global Stigma Market by Region
- 7.5Global Stamen Market by Region
Chapter 8.Global Saffron Market by Grade Type
- 8.1Global Grade I Market by Region
- 8.2Global Grade II Market by Region
- 8.3Global Grade III Market by Region
- 8.4Global Grade IV Market by Region
Chapter 9.Global Saffron Market by Region
- 9.1North America Saffron Market
- 9.1.1North America Saffron Market by Type
- 9.1.1.1North America Traditional Market by Region
- 9.1.1.2North America Organic Market by Region
- 9.1.2North America Saffron Market by Distribution Channel
- 9.1.2.1North America B2B Market by Country
- 9.1.2.2North America B2C Market by Country
- 9.1.3North America Saffron Market by Application
- 9.1.3.1North America Food & Beverages Market by Country
- 9.1.3.2North America Personal Care & Cosmetics Market by Country
- 9.1.3.3North America Pharmaceuticals Market by Country
- 9.1.3.4North America Others Market by Country
- 9.1.4North America Saffron Market by Form
- 9.1.4.1North America Petals Market by Country
- 9.1.4.2North America Powder Market by Country
- 9.1.4.3North America Liquid Market by Country
- 9.1.4.4North America Stigma Market by Country
- 9.1.4.5North America Stamen Market by Country
- 9.1.5North America Saffron Market by Grade Type
- 9.1.5.1North America Grade I Market by Country
- 9.1.5.2North America Grade II Market by Country
- 9.1.5.3North America Grade III Market by Country
- 9.1.5.4North America Grade IV Market by Country
- 9.1.6North America Saffron Market by Country
- 9.1.6.1US Saffron Market
- 9.1.6.1.1US Saffron Market by Type
- 9.1.6.1.2US Saffron Market by Distribution Channel
- 9.1.6.1.3US Saffron Market by Application
- 9.1.6.1.4US Saffron Market by Form
- 9.1.6.1.5US Saffron Market by Grade Type
- 9.1.6.2Canada Saffron Market
- 9.1.6.2.1Canada Saffron Market by Type
- 9.1.6.2.2Canada Saffron Market by Distribution Channel
- 9.1.6.2.3Canada Saffron Market by Application
- 9.1.6.2.4Canada Saffron Market by Form
- 9.1.6.2.5Canada Saffron Market by Grade Type
- 9.1.6.3Mexico Saffron Market
- 9.1.6.3.1Mexico Saffron Market by Type
- 9.1.6.3.2Mexico Saffron Market by Distribution Channel
- 9.1.6.3.3Mexico Saffron Market by Application
- 9.1.6.3.4Mexico Saffron Market by Form
- 9.1.6.3.5Mexico Saffron Market by Grade Type
- 9.1.6.4Rest of North America Saffron Market
- 9.1.6.4.1Rest of North America Saffron Market by Type
- 9.1.6.4.2Rest of North America Saffron Market by Distribution Channel
- 9.1.6.4.3Rest of North America Saffron Market by Application
- 9.1.6.4.4Rest of North America Saffron Market by Form
- 9.1.6.4.5Rest of North America Saffron Market by Grade Type
- 9.2Europe Saffron Market
- 9.2.1Europe Saffron Market by Type
- 9.2.1.1Europe Traditional Market by Country
- 9.2.1.2Europe Organic Market by Country
- 9.2.2Europe Saffron Market by Distribution Channel
- 9.2.2.1Europe B2B Market by Country
- 9.2.2.2Europe B2C Market by Country
- 9.2.3Europe Saffron Market by Application
- 9.2.3.1Europe Food & Beverages Market by Country
- 9.2.3.2Europe Personal Care & Cosmetics Market by Country
- 9.2.3.3Europe Pharmaceuticals Market by Country
- 9.2.3.4Europe Others Market by Country
- 9.2.4Europe Saffron Market by Form
- 9.2.4.1Europe Petals Market by Country
- 9.2.4.2Europe Powder Market by Country
- 9.2.4.3Europe Liquid Market by Country
- 9.2.4.4Europe Stigma Market by Country
- 9.2.4.5Europe Stamen Market by Country
- 9.2.5Europe Saffron Market by Grade Type
- 9.2.5.1Europe Grade I Market by Country
- 9.2.5.2Europe Grade II Market by Country
- 9.2.5.3Europe Grade III Market by Country
- 9.2.5.4Europe Grade IV Market by Country
- 9.2.6Europe Saffron Market by Country
- 9.2.6.1Germany Saffron Market
- 9.2.6.1.1Germany Saffron Market by Type
- 9.2.6.1.2Germany Saffron Market by Distribution Channel
- 9.2.6.1.3Germany Saffron Market by Application
- 9.2.6.1.4Germany Saffron Market by Form
- 9.2.6.1.5Germany Saffron Market by Grade Type
- 9.2.6.2UK Saffron Market
- 9.2.6.2.1UK Saffron Market by Type
- 9.2.6.2.2UK Saffron Market by Distribution Channel
- 9.2.6.2.3UK Saffron Market by Application
- 9.2.6.2.4UK Saffron Market by Form
- 9.2.6.2.5UK Saffron Market by Grade Type
- 9.2.6.3France Saffron Market
- 9.2.6.3.1France Saffron Market by Type
- 9.2.6.3.2France Saffron Market by Distribution Channel
- 9.2.6.3.3France Saffron Market by Application
- 9.2.6.3.4France Saffron Market by Form
- 9.2.6.3.5France Saffron Market by Grade Type
- 9.2.6.4Russia Saffron Market
- 9.2.6.4.1Russia Saffron Market by Type
- 9.2.6.4.2Russia Saffron Market by Distribution Channel
- 9.2.6.4.3Russia Saffron Market by Application
- 9.2.6.4.4Russia Saffron Market by Form
- 9.2.6.4.5Russia Saffron Market by Grade Type
- 9.2.6.5Spain Saffron Market
- 9.2.6.5.1Spain Saffron Market by Type
- 9.2.6.5.2Spain Saffron Market by Distribution Channel
- 9.2.6.5.3Spain Saffron Market by Application
- 9.2.6.5.4Spain Saffron Market by Form
- 9.2.6.5.5Spain Saffron Market by Grade Type
- 9.2.6.6Italy Saffron Market
- 9.2.6.6.1Italy Saffron Market by Type
- 9.2.6.6.2Italy Saffron Market by Distribution Channel
- 9.2.6.6.3Italy Saffron Market by Application
- 9.2.6.6.4Italy Saffron Market by Form
- 9.2.6.6.5Italy Saffron Market by Grade Type
- 9.2.6.7Rest of Europe Saffron Market
- 9.2.6.7.1Rest of Europe Saffron Market by Type
- 9.2.6.7.2Rest of Europe Saffron Market by Distribution Channel
- 9.2.6.7.3Rest of Europe Saffron Market by Application
- 9.2.6.7.4Rest of Europe Saffron Market by Form
- 9.2.6.7.5Rest of Europe Saffron Market by Grade Type
- 9.3Asia Pacific Saffron Market
- 9.3.1Asia Pacific Saffron Market by Type
- 9.3.1.1Asia Pacific Traditional Market by Country
- 9.3.1.2Asia Pacific Organic Market by Country
- 9.3.2Asia Pacific Saffron Market by Distribution Channel
- 9.3.2.1Asia Pacific B2B Market by Country
- 9.3.2.2Asia Pacific B2C Market by Country
- 9.3.3Asia Pacific Saffron Market by Application
- 9.3.3.1Asia Pacific Food & Beverages Market by Country
- 9.3.3.2Asia Pacific Personal Care & Cosmetics Market by Country
- 9.3.3.3Asia Pacific Pharmaceuticals Market by Country
- 9.3.3.4Asia Pacific Others Market by Country
- 9.3.4Asia Pacific Saffron Market by Form
- 9.3.4.1Asia Pacific Petals Market by Country
- 9.3.4.2Asia Pacific Powder Market by Country
- 9.3.4.3Asia Pacific Liquid Market by Country
- 9.3.4.4Asia Pacific Stigma Market by Country
- 9.3.4.5Asia Pacific Stamen Market by Country
- 9.3.5Asia Pacific Saffron Market by Grade Type
- 9.3.5.1Asia Pacific Grade I Market by Country
- 9.3.5.2Asia Pacific Grade II Market by Country
- 9.3.5.3Asia Pacific Grade III Market by Country
- 9.3.5.4Asia Pacific Grade IV Market by Country
- 9.3.6Asia Pacific Saffron Market by Country
- 9.3.6.1China Saffron Market
- 9.3.6.1.1China Saffron Market by Type
- 9.3.6.1.2China Saffron Market by Distribution Channel
- 9.3.6.1.3China Saffron Market by Application
- 9.3.6.1.4China Saffron Market by Form
- 9.3.6.1.5China Saffron Market by Grade Type
- 9.3.6.2Japan Saffron Market
- 9.3.6.2.1Japan Saffron Market by Type
- 9.3.6.2.2Japan Saffron Market by Distribution Channel
- 9.3.6.2.3Japan Saffron Market by Application
- 9.3.6.2.4Japan Saffron Market by Form
- 9.3.6.2.5Japan Saffron Market by Grade Type
- 9.3.6.3India Saffron Market
- 9.3.6.3.1India Saffron Market by Type
- 9.3.6.3.2India Saffron Market by Distribution Channel
- 9.3.6.3.3India Saffron Market by Application
- 9.3.6.3.4India Saffron Market by Form
- 9.3.6.3.5India Saffron Market by Grade Type
- 9.3.6.4South Korea Saffron Market
- 9.3.6.4.1South Korea Saffron Market by Type
- 9.3.6.4.2South Korea Saffron Market by Distribution Channel
- 9.3.6.4.3South Korea Saffron Market by Application
- 9.3.6.4.4South Korea Saffron Market by Form
- 9.3.6.4.5South Korea Saffron Market by Grade Type
- 9.3.6.5Australia Saffron Market
- 9.3.6.5.1Australia Saffron Market by Type
- 9.3.6.5.2Australia Saffron Market by Distribution Channel
- 9.3.6.5.3Australia Saffron Market by Application
- 9.3.6.5.4Australia Saffron Market by Form
- 9.3.6.5.5Australia Saffron Market by Grade Type
- 9.3.6.6Malaysia Saffron Market
- 9.3.6.6.1Malaysia Saffron Market by Type
- 9.3.6.6.2Malaysia Saffron Market by Distribution Channel
- 9.3.6.6.3Malaysia Saffron Market by Application
- 9.3.6.6.4Malaysia Saffron Market by Form
- 9.3.6.6.5Malaysia Saffron Market by Grade Type
- 9.3.6.7Rest of Asia Pacific Saffron Market
- 9.3.6.7.1Rest of Asia Pacific Saffron Market by Type
- 9.3.6.7.2Rest of Asia Pacific Saffron Market by Distribution Channel
- 9.3.6.7.3Rest of Asia Pacific Saffron Market by Application
- 9.3.6.7.4Rest of Asia Pacific Saffron Market by Form
- 9.3.6.7.5Rest of Asia Pacific Saffron Market by Grade Type
- 9.4LAMEA Saffron Market
- 9.4.1LAMEA Saffron Market by Type
- 9.4.1.1LAMEA Traditional Market by Country
- 9.4.1.2LAMEA Organic Market by Country
- 9.4.2LAMEA Saffron Market by Distribution Channel
- 9.4.2.1LAMEA B2B Market by Country
- 9.4.2.2LAMEA B2C Market by Country
- 9.4.3LAMEA Saffron Market by Application
- 9.4.3.1LAMEA Food & Beverages Market by Country
- 9.4.3.2LAMEA Personal Care & Cosmetics Market by Country
- 9.4.3.3LAMEA Pharmaceuticals Market by Country
- 9.4.3.4LAMEA Others Market by Country
- 9.4.4LAMEA Saffron Market by Form
- 9.4.4.1LAMEA Petals Market by Country
- 9.4.4.2LAMEA Powder Market by Country
- 9.4.4.3LAMEA Liquid Market by Country
- 9.4.4.4LAMEA Stigma Market by Country
- 9.4.4.5LAMEA Stamen Market by Country
- 9.4.5LAMEA Saffron Market by Grade Type
- 9.4.5.1LAMEA Grade I Market by Country
- 9.4.5.2LAMEA Grade II Market by Country
- 9.4.5.3LAMEA Grade III Market by Country
- 9.4.5.4LAMEA Grade IV Market by Country
- 9.4.6LAMEA Saffron Market by Country
- 9.4.6.1Brazil Saffron Market
- 9.4.6.1.1Brazil Saffron Market by Type
- 9.4.6.1.2Brazil Saffron Market by Distribution Channel
- 9.4.6.1.3Brazil Saffron Market by Application
- 9.4.6.1.4Brazil Saffron Market by Form
- 9.4.6.1.5Brazil Saffron Market by Grade Type
- 9.4.6.2Argentina Saffron Market
- 9.4.6.2.1Argentina Saffron Market by Type
- 9.4.6.2.2Argentina Saffron Market by Distribution Channel
- 9.4.6.2.3Argentina Saffron Market by Application
- 9.4.6.2.4Argentina Saffron Market by Form
- 9.4.6.2.5Argentina Saffron Market by Grade Type
- 9.4.6.3UAE Saffron Market
- 9.4.6.3.1UAE Saffron Market by Type
- 9.4.6.3.2UAE Saffron Market by Distribution Channel
- 9.4.6.3.3UAE Saffron Market by Application
- 9.4.6.3.4UAE Saffron Market by Form
- 9.4.6.3.5UAE Saffron Market by Grade Type
- 9.4.6.4Saudi Arabia Saffron Market
- 9.4.6.4.1Saudi Arabia Saffron Market by Type
- 9.4.6.4.2Saudi Arabia Saffron Market by Distribution Channel
- 9.4.6.4.3Saudi Arabia Saffron Market by Application
- 9.4.6.4.4Saudi Arabia Saffron Market by Form
- 9.4.6.4.5Saudi Arabia Saffron Market by Grade Type
- 9.4.6.5South Africa Saffron Market
- 9.4.6.5.1South Africa Saffron Market by Type
- 9.4.6.5.2South Africa Saffron Market by Distribution Channel
- 9.4.6.5.3South Africa Saffron Market by Application
- 9.4.6.5.4South Africa Saffron Market by Form
- 9.4.6.5.5South Africa Saffron Market by Grade Type
- 9.4.6.6Nigeria Saffron Market
- 9.4.6.6.1Nigeria Saffron Market by Type
- 9.4.6.6.2Nigeria Saffron Market by Distribution Channel
- 9.4.6.6.3Nigeria Saffron Market by Application
- 9.4.6.6.4Nigeria Saffron Market by Form
- 9.4.6.6.5Nigeria Saffron Market by Grade Type
- 9.4.6.7Rest of LAMEA Saffron Market
- 9.4.6.7.1Rest of LAMEA Saffron Market by Type
- 9.4.6.7.2Rest of LAMEA Saffron Market by Distribution Channel
- 9.4.6.7.3Rest of LAMEA Saffron Market by Application
- 9.4.6.7.4Rest of LAMEA Saffron Market by Form
- 9.4.6.7.5Rest of LAMEA Saffron Market by Grade Type
Chapter 10.Company Profiles
- 10.1Esfedan Saffron Co.
- 10.1.1Company Overview
- 10.1.2SWOT Analysis
- 10.2Safrante Specialty Foods S.A
- 10.2.1Company Overview
- 10.2.2SWOT Analysis
- 10.3Tarvand Saffron Ghayen Company
- 10.3.1Company Overview
- 10.3.2SWOT Analysis
- 10.4Gohar saffron co.
- 10.4.1Company Overview
- 10.4.2SWOT Analysis
- 10.5Rowhani Saffron Co.
- 10.5.1Company Overview
- 10.5.2SWOT Analysis
- 10.6Mehr Saffron
- 10.6.1Company Overview
- 10.6.2SWOT Analysis
- 10.7Royal Saffron Company
- 10.7.1Company Overview
- 10.7.2SWOT Analysis
- 10.8Triselecta, S.A
- 10.8.1Company Overview
- 10.8.2SWOT Analysis
- 10.9Dorreen Saffron
- 10.9.1Company Overview
- 10.9.2SWOT Analysis
- 10.10.Azafranes Manchegos S.L.
- 10.10.1Company Overview
- 10.10.2SWOT Analysis
Chapter 11.Winning Imperatives of Saffron Market