Saffron Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031

Saffron market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). Primary factor supporting the market growth includes high antioxidant content, health benefits, memory enhancement, and UV-absorbing properties. Its high usage in cosmetic and medical applications is expected to drive its growth.

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The demand for natural and organic saffron in various industries is on the rise owing to health-conscious consumers’ preference for natural ingredients. According to the National Institute of Health (NIH) report published in March 2022, the global market for herbal cosmetics is experiencing a rapid growth due to the increasing awareness about the minimal side effects of herbal products. Valued at approximately $11.0 billion in 2016, the natural and organic personal care products market is projected to reach $22.0 billion by 2022.

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  • Market Coverage
  • Market number available for – 2024-2030
  • Base year- 2023
  • Forecast period- 2024-2030
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Market Segmentation

Global Saffron Market by Type

  • Organic
  • Convention

Global Saffron Market by Form

  • Thread or Filament
  • Powder
  • Liquid

Global Saffron Market by Application

  • Food & Beverage
  • Dietary Supplements
  • Pharmaceutical
  • Cosmetic and Skincare
  • Others (Food Supplements and Personal Care)

Regional Analysis

  • North America
  • United States
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World

Company Profiles 

  • Esfedan Saffron Co.
  • Gohar saffron co.
  • Indus Organics
  • Iran Saffron Co.
  • Mehr Saffron
  • Mehrab Saffron
  • Rowhani Saffron Co.
  • Royal Saffron
  • Saffron Business
  • Safran
  • Saharkhiz Saffron Co.
  • Tarvand Saffron Ghayen Co.

The Report Covers

  • Market value data analysis of 2023 and forecast to 2031.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global saffron market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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