The Global Saffron Market size is valued at around USD 684 million in 2023 & is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
Global Saffron Market Driver:
Increasing Adoption of Saffron in the Food and Beverage Industry – Saffron is used in a wide range of foods and beverages, including rice dishes, pastries, soups, and beverages. The expanding popularity of ethnic cuisines, as well as the growing desire for gourmet and premium food products, are driving saffron demand in the food and beverage industry.
Saffron is primarily used as a spice, herb, and seasoning. It is the best alternative to synthetic additives and also provides nutritional benefits. Thus, contributing positively to the market growth. It is preferred over artificial ingredients when used as a natural coloring and flavoring agent. It is used in a variety of recipes in different cuisines around the world.
Additionally, it is used in various food compositions, such as cake mixes, drink powders, crème caramel powder, and other similar semi-finished saffron products. Many foods and drinks are made from saffron. The food and beverage segment of this market is expected to grow significantly in the coming years, mainly due to the significant value of spices as flavoring agents. With the expansion of the food industry, the Global Saffron Market size is expected to grow in the coming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Saffron Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Dasteh Saffron-Market Size & Forecast 2019-2030F, USD Million
- Pushal Saffron- Market Size & Forecast 2019-2030F, USD Million
- Sargol Saffron- Market Size & Forecast 2019-2030F, USD Million
- Super Negin Saffron- Market Size & Forecast 2019-2030F, USD Million
- Konj/ White Saffron- Market Size & Forecast 2019-2030F, USD Million
- Others (Kashmiri Saffron, Moroccan Saffron, etc.)- Market Size & Forecast 2019-2030F, USD Million
- By Forms
- Threads- Market Size & Forecast 2019-2030F, USD Million
- Powder- Market Size & Forecast 2019-2030F, USD Million
- Liquid- Market Size & Forecast 2019-2030F, USD Million
- By Grade
- Grade I- Market Size & Forecast 2019-2030F, USD Million
- Grade II- Market Size & Forecast 2019-2030F, USD Million
- Grade III- Market Size & Forecast 2019-2030F, USD Million
- Grade IV- Market Size & Forecast 2019-2030F, USD Million
- By Nature
- Organic- Market Size & Forecast 2019-2030F, USD Million
- Conventional- Market Size & Forecast 2019-2030F, USD Million
- By Application
- Food & Beverages- Market Size & Forecast 2019-2030F, USD Million
- Personal Care- Market Size & Forecast 2019-2030F, USD Million
- Textile Industry- Market Size & Forecast 2019-2030F, USD Million
- Pharmaceutical- Market Size & Forecast 2019-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Safrante Global Company S.L.U., Evolva, Rowhani Saffron Co, Sara Nuts, Tarvand Saffron Co, Hijos de Eustaquio Abad & Co. S.L., USMS Saffron Co. Inc., Royal Saffron Company, Saharkhiz International Group Companies, Gohar Saffron, Novin Saffron Co., Azafranes Manchegos SL and Others
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