Saffron Market Size, Share, Demand, Industry Trends, Growth and Opportunities by 2026

According to IMARC Group’s latest report, titled “Saffron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global saffron market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of around 7% during 2021-2026.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Saffron is an orange-yellow colored spice obtained from the dried stigma of the crocus sativus flower. It is rich in several vitamins and dietary minerals and exhibits antioxidant, anti-depressant, and antiseptic properties. As a result, it is used to treat cough, cold, asthma, and measles. It is also utilized in the manufacturing of food additives, aromas, dietary supplements, cosmetics, and skincare products across the globe.

Market Trends and Drivers:

The burgeoning cosmetics industry represents one of the key factors strengthening the saffron market growth. Saffron is used in the preparation of personal care products, such as cleansers, lotions, anti-blemish creams, and shampoos, on account of its skin-brightening and hair-strengthening properties. Besides this, it acts as an essential ingredient in medicines due to its anti-tumor and neuroprotective properties, which assist in treating macular degeneration, cancer, arthritis, and other cardiovascular diseases. Furthermore, the key players are introducing organic saffron, which is anticipated to expand the overall market reach.

Saffron Market 2021-2026 Competitive Analysis and Segmentation:  

Competitive Landscape With Key Players:

The competitive landscape of the saffron market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • HEA&CO
  • Gohar Saffron
  • Mehr Saffron Company
  • Rowhani Saffron Co.
  • Tarvand Saffron Co
  • Grandorco
  • Esfedan Trading
  • Flora Saffron
  • Safrante Global Company S.L.U.
  • Taj Agro International
  • Great American Spice Company

Key Market Segmentation:

The report has segmented the global saffron market on the basis of type, form, application and region.

Breakup by Type:

  • Organic
  • Conventional

Breakup by Form:

  • Thread
  • Powder
  • Liquid

Breakup by Application:

  • Food
  • Pharmaceuticals
  • Cosmetics
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Explore Full Report with TOC & List of Figure:

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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