Global saffron market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). Saffron have a wide range of applications in healthcare and food & beverages, among others. It is also utilized for their flavour, perfume, and colour in many different cuisines. Due to its anti-inflammatory, anti-cancer, and antioxidant qualities, it is also being utilized in traditional medicine. Its skin-brightening and anti-inflammatory qualities are additional application in cosmetics. Saffron’s intense golden-yellow colour makes it a popular natural textile dye. Perfumes and beverages are also flavoured with it. In many countries, saffron is significant both culturally and religiously. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,
- In August 2023, Genuine Health launched a product line containing saffron, a research-proven ingredient linked to brain-health benefits such as, reduced stress, mood enhancement, and improved memory. The line includes adaptogens and antioxidants to support natural brain functions.
- In Auguat 2023, Tata Consumer Products introduced the premium Kashmiri saffron category under its Himalayan brand, aimed to expand its product portfolio with quality-proven products. The Grade 1 Kashmiri saffron, sourced directly from the picturesque Kashmir valleys, is a premium product.
- In October 2023, Himalayan launched its premium Kashmiri Saffron segment, featuring a heart-touching story of a lady wandering through the picturesque hills of Kashmir.
- In September 2019, Pharmactive Biotech Products introduced Affron Spanish saffron extract in the Asia-Pacific market, offered an all-natural, low dosage of 28mg per day, with potential for nutraceutical applications in anxiety, asthma, relaxation, and sleep.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Form
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Gohar saffron co, Mehr Saffron,Royal Saffron, and Tarvand Saffron Ghayen Co., among others.
Saffron Market Report Segment
By Type
- Organic
- Convention
By Form
- Thread or Filament
- Powder
- Liquid
By Application
- Food & Beverage
- Dietary Supplements
- Pharmaceutical
- Cosmetic and Skincare
- Others (Food Supplements, and Personal Care)
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Saffron Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
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