Global saffron market is projected to register a CAGR of 6.1% (B2C) and 6.3% (B2B) in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentation
Global Saffron Market, By Type (Sargol Saffron, Pushal/Poshal Saffron, Negin Saffron, Super Negin Saffron, and Bunch or Dasteh Saffron), Grade (Grade I, Grade II, Grade III, and Grade IV), Category (Conventional and Organic), Form (Powder, Liquid, Stigma, and Petals), Origin (India, Iran, Spain, Greece, Morocco, and Others), Drying Method (Sun Drying Method, Electric Oven Drying Method, Vaccum Oven Drying Method, Microwave Drying Method, and Others), Application (Food & Beverages, Food Supplements, Dietary Supplements, Pharmaceutical, Personal Care, Cosmetics, and Others), Distribution Channel (B2B and B2C), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Poland, Denmark, Finland, Norway, Turkey, Rest of Europe, Japan, China, South Korea, India, Australia, New Zealand, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, UAE, Saudi Arabia, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America) Industry Trends and Forecast to 2030.
Some of the major factors contributing to the growth of the global saffron market are:
Increasing demand for saffron beauty products
Increasing R&D activities in the field of saffron applicability in various industries
Market Players
The key market players in the global saffron market are listed below:
Baby Brand Saffron
Esfedan Saffron Co.
Rowhani Saffron Co.
Kashmir Kesar Leader
The Cheshire Saffron Company
Novin Saffron Company
Norfolk Saffron
Retaj Agro Farms.
GREEN LEAVES INTERNATIONAL
Tarvand Saffron Co
MVT Foods.
Societa Agricola Baghini Buonacara Srls
SAFRANTE SPECIALTY FOODS S.A.
Cornish Saffron
Saharkhiz International Group Inc.
English Saffron
ORGANIC KASHMIR
Zamindar Kesar
Roskorwell Farm
Mane KANCOR
Saffron Business
Red Ruby Norway
Eyjann saffron
Mancha Saffron
Algenist
TABLE OF CONTENTS
1 INTRODUCTION 98
- 1.1 OBJECTIVES OF THE STUDY 98
- 1.2 MARKET DEFINITION 98
- 1.3 OVERVIEW OF GLOBAL SAFFRON MARKET 98
- 1.4 LIMITATIONS 100
- 1.5 MARKETS COVERED 100
2 MARKET SEGMENTATION 106
- 2.1 MARKETS COVERED 106
- 2.2 GEOGRAPHICAL SCOPE 107
- 2.3 YEARS CONSIDERED FOR THE STUDY 108
- 2.4 CURRENCY AND PRICING 108
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 109
- 2.6 MULTIVARIATE MODELLING 113
- 2.7 LIFELINE CURVE 114
- 2.7.1 LIFELINE CURVE(B2B) 114
- 2.7.2 LIFELINE CURVE(B2C) 114
- 2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 115
- 2.9 DBMR MARKET POSITION GRID 116
- 2.10 SECONDARY SOURCES 118
- 2.11 ASSUMPTIONS 118
3 EXECUTIVE SUMMARY 119
4 PREMIUM INSIGHTS 125
- 4.1 BRAND OUTLOOK 129
- 4.2 COMPARATIVE ANALYSIS ON DIFFERENT TYPES OF SAFFRON 132
- 4.3 FACTORS AFFECTING PURCHASE DECISION 134
- 4.4 GROWTH STRATEGIES ADOPTED BY KEY MARKET 136
- 4.4.1 LAUNCHING NEW INNOVATIVE PRODUCTS 136
- 4.4.2 PROMOTION OF THEIR PRODUCTS BY EMPHASIZING DIFFERENT APPLICATIONS 136
- 4.4.3 A VAST NETWORK OF DISTRIBUTION 136
- 4.4.4 LAUNCHING CLEAN, SUSTAINABLE, AND ORGANIC PRODUCTS FOR HEALTH-CONSCIOUS CONSUMERS 136
- 4.5 IMPACT OF ECONOMIC SLOWDOWN ON THE MARKET 137
- 4.6 IMPORT-EXPORT ANALYSIS 139
- 4.7 INDUSTRY TRENDS AND FUTURE PERSPECTIVE OF GLOBAL SAFFRON MARKET 140
- 4.8 MARKET VARIABLES AND THEIR IMPACT 142
- 4.8.1 PRICE FLUCTUATIONS 142
- 4.8.2 TRADE RESTRICTIONS 142
- 4.8.3 RISING APPLICABILITY IN VARIOUS INDUSTRIAL PURPOSES 142
- 4.9 OVERVIEW OF PRIMARY MARKETS FOR DISTRIBUTION (AT RAW MATERIAL LEVEL AS WELL AS FOR FINISHED PRODUCTS) 143
- 4.10 REGIONAL LEVEL PRICING ANALYSIS 144
- 4.11 GLOBAL SAFFRON MARKET PRODUCTION AND CONSUMPTION 145
- 4.12 PRODUCTION CAPACITY OF KEY MANUFACTURERS 146
- 4.13 OVERVIEW OF SAFFRON ADULTERATION CASES 147
- 4.14 SUPPLY CHAIN OF GLOBAL SAFFRON MARKET 148
- 4.15 RAW MATERIAL PROCUREMENT 148
- 4.16 PREPARATION OF SAFFRON IN SAFFRON PROCESSING UNIT 148
- 4.17 MARKETING AND DISTRIBUTION 149
- 4.18 END USERS 149
- 4.19 VALUE CHAIN OF GLOBAL SAFFRON MARKET 150
- 4.19.1 PRODUCTION 150
- 4.19.2 PROCESSING 150
- 4.19.3 DISTRIBUTION 151
5 REGULATORY FRAMEWORK AND GUIDELINES 152
- 5.1 REGULATIONS FOR SAFFRON (U.S. STANDARDS) 152
- 5.2 REGULATIONS FOR SAFFRON (INDIAN STANDARDS) 153
- 5.3 REGULATIONS FOR SAFFRON (EUROPEAN UNION (EU) STANDARDS) 153
6 MARKET OVERVIEW 156
- 6.1 DRIVERS 158
- 6.1.1 GROWING DEMAND FOR SAFFRON IN FOOD AND BEVERAGES INDUSTRY 158
- 6.1.2 INCREASING CONSUMER AWARENESS ABOUT MEDICINAL PROPERTIES AND HEALTH BENEFITS OF SAFFRON 158
- 6.1.3 STRATEGIC INVESTMENT IN E-COMMERCE SERVICE OF SAFFRON 159
- 6.2 RESTRAINTS 160
- 6.2.1 HIGH COST OF SAFFRON 160
- 6.2.2 COUNTERFEIT SAFFRON IS CURRENTLY ON RISE, AFFECTING SAFFRON AVAILABILITY SIGNIFICANTLY 160
- 6.2.3 SEASONAL CULTIVATION OF SAFFRON 161
- 6.3 OPPORTUNITIES 161
- 6.3.1 RISING TREND OF VEGANISM AND VEGETARIANISM 161
- 6.3.2 GRADUAL INCREASE IN DEMAND FOR SUSTAINABLY SOURCED SPICES 162
- 6.3.3 RISING GLOBAL DEMAND FOR AUTHENTIC CUISINES 162
- 6.3.4 RISING APPLICABILITY OF SAFFRON IN A WIDE RANGE OF INDUSTRIES 162
- 6.4 CHALLENGES 163
- 6.4.1 DRASTIC CLIMATIC CHANGE 163
- 6.4.2 ALLERGIES ASSOCIATED WITH SAFFRON SPECIES 163
- 6.4.3 RULES AND REGULATIONS OF FOOD REGULATORY BODIES ON SAFFRON 164
7 GLOBAL SAFFRON MARKET, BY TYPE (B2B & B2C) 166
- 7.1 OVERVIEW 167
- 7.2 SARGOL SAFFRON 169
- 7.3 SUPER NEGIN SAFFRON 170
- 7.4 NEGIN SAFFRON 171
- 7.5 PUSHAL/POSHAL SAFFRON 173
- 7.6 BUNCH OR DASTEH SAFFRON 174
8 GLOBAL SAFFRON MARKET, BY CATEGORY(B2B & B2C) 176
- 8.1 OVERVIEW 177
- 8.2 CONVENTIONAL 179
- 8.3 ORGANIC 180
9 GLOBAL SAFFRON MARKET, BY GRADE(B2B & B2C) 182
- 9.1 OVERVIEW 183
- 9.2 GRADE II 185
- 9.3 GRADE I 185
- 9.4 GRADE III 186
- 9.5 GRADE III 186
- 9.6 GRADE IV 187
10 GLOBAL SAFFRON MARKET, BY FORM(B2B & B2C) 189
- 10.1 OVERVIEW 190
- 10.2 STIGMA 192
- 10.2.1 STIGMA, BY GRADE 193
- 10.2.1.1 GRADE I 194
- 10.2.1.2 GRADE II 194
- 10.2.1.3 GRADE III 194
- 10.2.1.4 GRADE IV 194
- 10.3 LIQUID 194
- 10.3.1 LIQUID, BY GRADE 195
- 10.3.1.1 GRADE I 196
- 10.3.1.2 GRADE II 196
- 10.3.1.3 GRADE III 196
- 10.3.1.4 GRADE IV 196
- 10.4 POWDER 197
- 10.4.1 POWDER, BY GRADE 198
- 10.4.1.1 GRADE I 198
- 10.4.1.2 GRADE II 198
- 10.4.1.3 GRADE III 199
- 10.4.1.4 GRADE IV 199
- 10.5 PETALS 199
- 10.5.1 PETALS, BY GRADE 200
- 10.5.1.1 GRADE I 201
- 10.5.1.2 GRADE II 201
- 10.5.1.3 GRADE III 201
- 10.5.1.4 GRADE IV 201
11 GLOBAL SAFFRON MARKET, BY DRYING METHOD(B2B & B2C) 202
- 11.1 OVERVIEW 203
- 11.2 MICROWAVE DRYING METHOD 205
- 11.3 ELECTRIC OVEN DRYING METHOD 206
- 11.4 VACUUM OVEN DRYING METHOD 207
- 11.5 SUN DRYING METHOD 208
- 11.6 OTHERS 209
12 GLOBAL SAFFRON MARKET, BY ORIGIN(B2B & B2C) 211
- 12.1 OVERVIEW 212
- 12.2 IRAN 214
- 12.3 SPAIN 215
- 12.4 INDIA 216
- 12.5 GREECE 218
- 12.6 MOROCCO 219
- 12.7 OTHERS 220
13 GLOBAL SAFFRON MARKET, BY DISTRIBUTION CHANNEL (B2B & B2C) 222
- 13.1 OVERVIEW 223
- 13.2 B2B 224
- 13.2.1 DIRECT 225
- 13.2.2 INDIRECT 226
- 13.3 B2C 226
- 13.3.1 STORE BASED RETAIL 227
- 13.3.1.1 SPECIALITY STORES 227
- 13.3.1.2 CONVENIENCE STORE 227
- 13.3.1.3 SUPERMARKET/HYPERMARKET 228
- 13.3.1.4 GROCERY STORE 228
- 13.3.1.5 OTHERS 228
- 13.3.2 NON-STORE BASED RETAIL 228
- 13.3.2.1 COMPANY WEBSITE 228
- 13.3.2.2 CONVENIENCE STORE 228
14 GLOBAL SAFFRON MARKET, BY APPLICATION 229
- 14.1 OVERVIEW 230
- 14.2 FOOD & BEVERAGES 231
- 14.2.1 FOOD & BEVERAGES, BY TYPE 232
- 14.2.1.1 BEVERAGES 232
- 14.2.1.1.1 DAIRY BASED DRINKS 233
- 14.2.1.1.1.1 FLAVORED MILK 233
- 14.2.1.1.1.2 MILK SHAKES 233
- 14.2.1.1.2 PLANT-BASED MILK 233
- 14.2.1.1.3 SMOOTHIES 233
- 14.2.1.1.4 JUICES 234
- 14.2.1.1.5 SPORTS DRINKS 234
- 14.2.1.1.6 ENERGY DRINKS 234
- 14.2.1.1.7 OTHERS 234
- 14.2.1.2 BAKERY 234
- 14.2.1.2.1 CAKES, PASTRIES & TRUFFLE 234
- 14.2.1.2.2 BISCUIT, COOKIES & CRACKERS 234
- 14.2.1.2.3 TART & PIES 235
- 14.2.1.2.4 BREAD & ROLLS 235
- 14.2.1.2.5 BROWNIES 235
- 14.2.1.2.6 OTHERS 235
- 14.2.1.3 CONFECTIONERY 235
- 14.2.1.3.1 CARAMELS & TOFFEES 235
- 14.2.1.3.2 CHOCOLATE 236
- 14.2.1.3.3 HARD-BOILED SWEETS 236
- 14.2.1.3.4 GUMS & JELLIES 236
- 14.2.1.3.5 CHOCOLATE SYRUPS 236
- 14.2.1.3.6 MINTS 236
- 14.2.1.3.7 OTHERS 236
- 14.2.1.4 DAIRY PRODUCTS 236
- 14.2.1.4.1 ICE CREAM 236
- 14.2.1.4.2 YOGURT 237
- 14.2.1.4.3 OTHERS 237
- 14.2.1.5 PROCESSED FOOD 237
- 14.2.1.5.1 JAMS, PRESERVES & MARMALADES 237
- 14.2.1.5.2 SAUCES, DRESSINGS AND CONDIMENTS 237
- 14.2.1.5.3 SOUPS 237
- 14.2.1.5.4 OTHERS 237
- 14.2.1.6 FROZEN DESSERTS 237
- 14.2.1.6.1 CUSTARD 238
- 14.2.1.6.2 GELATO 238
- 14.2.1.6.3 OTHERS 238
- 14.2.1.7 FUNCTIONAL FOOD 238
- 14.2.2 FOOD & BEVERAGES, BY SAFFRON TYPE 238
- 14.2.2.1 SARGOL SAFFRON 239
- 14.2.2.2 SUPER NEGIN SAFFRON 239
- 14.2.2.3 NEGIN SAFFRON 239
- 14.2.2.4 PUSHAL/POSHAL SAFFRON 239
- 14.2.2.5 BUNCH OR DASTEH SAFFRON 239
- 14.2.3 FOOD & BEVERAGES, BY FORM 239
- 14.2.3.1 STIGMA 239
- 14.2.3.2 LIQUID 239
- 14.2.3.3 POWDER 239
- 14.2.3.4 PETALS 240
- 14.3 PERSONAL CARE 240
- 14.3.1 PERSONAL CARE, BY TYPE 241
- 14.3.1.1 SKIN CARE 241
- 14.3.1.2 HAIR CARE 241
- 14.3.2 PERSONAL CARE, BY SAFFRON TYPE 241
- 14.3.2.1 SARGOL SAFFRON 241
- 14.3.2.2 SUPER NEGIN SAFFRON 241
- 14.3.2.3 NEGIN SAFFRON 241
- 14.3.2.4 PUSHAL/POSHAL SAFFRON 242
- 14.3.2.5 BUNCH OR DASTEH SAFFRON 242
- 14.3.3 PERSONAL CARE, BY FORM 242
- 14.3.3.1 STIGMA 242
- 14.3.3.2 LIQUID 242
- 14.3.3.3 POWDER 242
- 14.3.3.4 PETALS 242
- 14.4 COSMETIC 242
- 14.4.1 COSMETIC, BY TYPE 244
- 14.4.1.1 FACE CREAM 244
- 14.4.1.2 FACE SERUMS 244
- 14.4.1.3 LIP CARE AND LIPSTICK PRODUCTS 244
- 14.4.1.4 OTHERS 244
- 14.4.2 COSMETIC, BY SAFFRON TYPE 244
- 14.4.2.1 SARGOL SAFFRON 245
- 14.4.2.2 SUPER NEGIN SAFFRON 245
- 14.4.2.3 NEGIN SAFFRON 245
- 14.4.2.4 PUSHAL/POSHAL SAFFRON 245
- 14.4.2.5 BUNCH OR DASTEH SAFFRON 245
- 14.4.3 COSMETIC, BY SAFFRON FORM 245
- 14.4.3.1 STIGMA 245
- 14.4.3.2 LIQUID 245
- 14.4.3.3 POWDER 245
- 14.4.3.4 PETALS 246
- 14.5 DIETARY SUPPLEMENT 246
- 14.5.1 DIETARY SUPPLEMENT, BY TYPE 247
- 14.5.1.1 SKIN HEALTH SUPPLEMENTS 247
- 14.5.1.2 IMMUNITY SUPPLEMENTS 247
- 14.5.1.3 BRAIN HEALTH SUPPLEMENTS 247
- 14.5.1.4 OVERALL WELLBEING SUPPLEMENTS 247
- 14.5.1.5 BONE AND JOINT HEALTH SUPPLEMENTS 248
- 14.5.1.6 OTHERS 248
- 14.5.2 DIETARY SUPPLEMENT, BY SAFFRON TYPE 248
- 14.5.2.1 SARGOL SAFFRON 248
- 14.5.2.2 SUPER NEGIN SAFFRON 248
- 14.5.2.3 NEGIN SAFFRON 248
- 14.5.2.4 PUSHAL/POSHAL SAFFRON 248
- 14.5.2.5 BUNCH OR DASTEH SAFFRON 248
- 14.5.3 DIETARY SUPPLEMENT, BY SAFFRON FORM 248
- 14.5.3.1 STIGMA 249
- 14.5.3.2 LIQUID 249
- 14.5.3.3 POWDER 249
- 14.5.3.4 PETALS 249