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According to the latest research, the global Saffron market size was valued at USD 651.34 million in 2022 and is expected to expand at a CAGR of 2.55% during the forecast period, reaching USD 757.57 million by 2028.
Saffron is a perennial flower of the genus Crocus of the family Iridaceae. The dried thread-like parts of the flower (stigmas) are used to make saffron spice, food coloring, and medicine. Saffron is largely cultivated in Iran and harvested by hand. It's one of the world's most expensive spices.
Saffron products have a wide range of applications, and the market demand space is large
The application field of Saffron covers many fields such as medicine, health food, dietary supplement, cosmetics, food, etc. It has good application ductility and large market space. Moreover, with the improvement of technology level and production process, the new applicable scenarios of Saffron are also continuously extended, and the market demand space of Saffron will also expand accordingly. In addition, Saffron has natural properties, conforming to the concept of today's consumers returning to nature, pollution-free green products have huge development space and broad market prospects in the global market.
Saffron counterfeiting problem
Saffron is an ancient medicinal plant that is worth more than gold by weight. The extraordinary value of saffron makes it more susceptible to counterfeiting and adulteration than any other food in the world. At present, there are a large number of unscrupulous merchants selling fake saffron on the market. The main methods of counterfeiting include dyeing, impersonating other stamens, and mixing fake flowers into real saffron. Such as, Europol supported the Spanish authorities in targeting an organised crime group laundering millions of euros of illegal profits coming from the trafficking of substandard saffron. The criminal network mixed real saffron with herbs and chemicals to increase their margins before exporting it. More than 500 shipments of this adulterated saffron have been identified, worth an estimated amount of 10 million. These issues will have a negative impact on the saffron market.
Region Overview:
In 2022, the share of the Saffron market in Europe stood at 33.63%.
Company Overview:
Esfedan Trading Company is one of the major players operating in the Saffron market, holding a share of 7.59% in 2022.
Esfedan Trading Company
Esfedan is a leading company in producing high-quality saffron since 1975. Esfedan also provide saffron-based products like Saffron Rock Candy, Saffron Jelly Powder, Saffron Cake Powder, and Saffron Herbal Tea.
Gohar saffron
Gohar Saffron Co. is the premier saffron Exporter in Iran. Gohar Saffron extended its product to fresh Dates, Raisin, Barberry, Watermelon Seeds, and Dried limes in 2013.
Segmentation Overview:
By type, Thread Form segment accounted for the largest share of market in 2022.
Application Overview:
The market's largest segment by application is the segment Retail, with a market share of 40.51% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Saffron industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Saffron. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Saffron Market Report Include:
Market Size Estimates: Saffron market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Saffron market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Saffron market
Segment Market Analysis: Saffron market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Saffron market situations and prospects in major and top regions and countries
Saffron Market
Saffron Industry Chain: Saffron market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Saffron Industry News, Policies by regions
Saffron Industry Porters Five Forces Analysis
Key players in the global Saffron market are covered in Chapter 2:
Azafranes Manchegos, S.L
Krokos-Kozani
Wani Fruit Enterprises
Rowhani Saffron
Tarvand
SAFRANTE GLOBAL
Gohar saffron
Saffron Business
Novin Saffron
Mostafavi Saffron CO.
Esfedan Trading Company
HEA&CO
In Chapter 6 and Chapter 9, on the basis of types, the Saffron market from 2018 to 2028 is primarily split into:
Thread Form
Powder Form
Liquid Form
In Chapter 7 and Chapter 10, on the basis of applications, the Saffron market from 2018 to 2028 covers:
Retail
Food Service (Restaurants, Hotels etc)
Medical & Pharmaceuticals
Nutritional Supplements
Cosmetics
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Saffron market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Saffron industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Saffron market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Saffron industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Saffron market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Saffron market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Saffron market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Saffron is a perennial flower of the genus Crocus of the family Iridaceae. The dried thread-like parts of the flower (stigmas) are used to make saffron spice, food coloring, and medicine. Saffron is largely cultivated in Iran and harvested by hand. It's one of the world's most expensive spices.
Saffron products have a wide range of applications, and the market demand space is large
The application field of Saffron covers many fields such as medicine, health food, dietary supplement, cosmetics, food, etc. It has good application ductility and large market space. Moreover, with the improvement of technology level and production process, the new applicable scenarios of Saffron are also continuously extended, and the market demand space of Saffron will also expand accordingly. In addition, Saffron has natural properties, conforming to the concept of today's consumers returning to nature, pollution-free green products have huge development space and broad market prospects in the global market.
Saffron counterfeiting problem
Saffron is an ancient medicinal plant that is worth more than gold by weight. The extraordinary value of saffron makes it more susceptible to counterfeiting and adulteration than any other food in the world. At present, there are a large number of unscrupulous merchants selling fake saffron on the market. The main methods of counterfeiting include dyeing, impersonating other stamens, and mixing fake flowers into real saffron. Such as, Europol supported the Spanish authorities in targeting an organised crime group laundering millions of euros of illegal profits coming from the trafficking of substandard saffron. The criminal network mixed real saffron with herbs and chemicals to increase their margins before exporting it. More than 500 shipments of this adulterated saffron have been identified, worth an estimated amount of 10 million. These issues will have a negative impact on the saffron market.
Region Overview:
In 2022, the share of the Saffron market in Europe stood at 33.63%.
Company Overview:
Esfedan Trading Company is one of the major players operating in the Saffron market, holding a share of 7.59% in 2022.
Esfedan Trading Company
Esfedan is a leading company in producing high-quality saffron since 1975. Esfedan also provide saffron-based products like Saffron Rock Candy, Saffron Jelly Powder, Saffron Cake Powder, and Saffron Herbal Tea.
Gohar saffron
Gohar Saffron Co. is the premier saffron Exporter in Iran. Gohar Saffron extended its product to fresh Dates, Raisin, Barberry, Watermelon Seeds, and Dried limes in 2013.
Segmentation Overview:
By type, Thread Form segment accounted for the largest share of market in 2022.
Application Overview:
The market's largest segment by application is the segment Retail, with a market share of 40.51% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Saffron industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Saffron. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Saffron Market Report Include:
Market Size Estimates: Saffron market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Saffron market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Saffron market
Segment Market Analysis: Saffron market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Saffron market situations and prospects in major and top regions and countries
Saffron Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Saffron Industry Chain: Saffron market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Saffron Industry News, Policies by regions
Saffron Industry Porters Five Forces Analysis
Key players in the global Saffron market are covered in Chapter 2:
Azafranes Manchegos, S.L
Krokos-Kozani
Wani Fruit Enterprises
Rowhani Saffron
Tarvand
SAFRANTE GLOBAL
Gohar saffron
Saffron Business
Novin Saffron
Mostafavi Saffron CO.
Esfedan Trading Company
HEA&CO
In Chapter 6 and Chapter 9, on the basis of types, the Saffron market from 2018 to 2028 is primarily split into:
Thread Form
Powder Form
Liquid Form
In Chapter 7 and Chapter 10, on the basis of applications, the Saffron market from 2018 to 2028 covers:
Retail
Food Service (Restaurants, Hotels etc)
Medical & Pharmaceuticals
Nutritional Supplements
Cosmetics
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Saffron market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Saffron industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Saffron market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Saffron industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Saffron market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Saffron market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Saffron market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
