GVR Report cover Saffron Market Size, Share & Trends Report

Saffron Market Size, Share & Trends Analysis Report By Grade (Grade-I, Grade-II), By Application (Food Supplements, Cosmetics), By Type, By Form, By Distribution, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-471-0
  • Number of Pages: 120
  • Format: Electronic (PDF)

Saffron Market Size & Trends

The global saffron market size was valued at USD 589.23 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. Growing demand for saffron in medical and cosmetic applications is expected to be a key driving factor for the market in the forecast period. Saffron is rich in antioxidants and offers several health benefits. The main active compounds present in saffron include picrocrocin, safranal, and crocin. These compounds help reduce oxidative damage and inflammation in the human brain. Furthermore, saffron is known for its memory-enhancing, antioxidant, and anti-inflammatory properties, which are likely to propel the growth of the market. Furthermore, it is used as a natural UV-absorbing agent in the cosmetics industry.

U.S. saffron (PPE) market size and growth rate, 2023 - 2030

Key technologies used in processing include image processing, pilot scale, and electric nose. The process of separating stigmas has been done manually so far; however, using the image processing method to separate stigmas is less time-consuming. ISO Standard 3632 is the requirement that concerns merely the measurement of the quality. Adulteration has been growing rapidly in recent years owing to the high price and increased demand in the global market. The adulteration includes the mixing of products that look similar to saffron.

The adulteration results in variations in the quality of the product and the consequent variation in prices. The standard comprises 2 parts, ISO 3632-1 and ISO 3632-2, which identify the test methods for various classifications of dried, cut threads, powders, and threads. The main purpose of the standards is to test the strength of flavor, scent, and color of saffron, which helps protect consumers from purchasing a fake product that is expensive as well as has no food value.

The U.S. has witnessed increasing demand over the past few years owing to the growing awareness among consumers about the medicinal properties and health benefits of saffron. The trade between Iran and the U.S. witnessed a surge after the U.S. revoked trade restrictions that were imposed by it on imports from Iran. Growers in the U.S. have been increasingly investing in cultivation. The growers from the states such as Vermont, Pennsylvania, and Washington have been taking initiatives with an aim to increase the product’s cost-effective domestic supply.

Grade Insights

In the global market, the finest quality available is categorized as Grade I, which generated more than 60% of the total revenue in 2022. This segment includes two types of saffron: Negin and Sargol. Negin typically has an ISO reading of over 270, while Sargol's ISO reading ranges from 260 to 270. The reason for the Grade I segment's dominance is due to the excellent coloring and flavoring strengths and aroma of its products. These characteristics make Grade I saffron highly desirable for premium culinary applications, fragrances, and personal care products. It's high coloring and flavoring strength make it ideal for use in these premium products.

The rising trend of premium product consumption is driving up the demand for top-notch saffron, thereby propelling the growth of this market segment. To ensure authenticity and quality, saffron is evaluated according to the ISO 3632 standard, which assesses its grading, labeling, and packaging. The product's market value is determined by its grade and inspection results. Grade III saffron, which has a high safranal (fragrance) content, is widely used in cosmetics, personal care, and fragrance products.

Application Insights

The food and beverage application is expected to expand at a revenue CAGR of 5.9% from 2022 to 2030. The market for food and beverage applications in the saffron industry is primarily driven by the increasing demand for natural and healthy food ingredients. Saffron is a highly valued spice known for its unique flavor, aroma, and color, which makes it a popular ingredient in various food and beverage products. The health benefits of saffron, such as its antioxidant properties and potential therapeutic effects, also contribute to the growing demand for saffron-based food and beverage products.

The market for cosmetics applications is expected to witness significant growth, with a revenue CAGR of 7.6% over the projected period. The saffron market is seeing an increase in demand for its use in cosmetics applications, primarily driven by the growing consumer interest in natural and organic beauty products. Saffron is known for its antioxidant and anti-inflammatory properties, making it a popular ingredient in skincare products that claim to brighten and even out skin tone, reduce fine lines and wrinkles, and improve overall skin texture.

Additionally, saffron's unique aroma and coloring properties make it a desirable addition to fragrances and color cosmetics. As more consumers seek out natural and plant-based ingredients in their personal care products, the demand for saffron in the cosmetics industry is expected to continue to grow.

Form Insights

The petals form led the global market with a revenue share of 51.7% in 2022. Petals are often used in traditional medicine and herbal remedies, as they are believed to have a number of health benefits, such as reducing inflammation and improving mood. In addition, the use of saffron petals is in the production of natural dyes. Saffron petals contain a yellow-orange pigment called crocin, which can be extracted and used to color fabrics and other materials.

The market for liquid form is expected to witness significant growth with a revenue CAGR of 7.2% over the projected period. Saffron liquid is an extract of saffron spice that is used in a variety of ways for its unique flavor, aroma, and color. It is often used in cooking to add a distinctive flavor to dishes and is particularly popular in Mediterranean and Middle Eastern cuisine. Saffron liquid is also used in traditional medicine as it is believed to have various health benefits, including anti-inflammatory and antioxidant properties.

In addition to its culinary and medicinal uses, the saffron liquid is also used in the perfume industry to add a unique and exotic aroma to fragrances. It is also used in the textile industry to dye fabrics and give them a bright yellow or orange color. In April 2022, Lisnor now offers a saffron liquid detergent with effective stain removal. They're expanding their lineup with a 3L bottle and fragrance-free detergent for baby clothes and 3 in 1 washing pods with the natural saffron extract.

Distribution Insights

The B2B distribution channel is expected to expand at a revenue CAGR of 6.1% from 2022 to 2030, with a market share of 357.39 million in 2022. The growing trend of using saffron as a natural coloring and flavoring agent in food and beverages is particularly contributing to the expansion of the market for saffron in the B2B distribution channel.

The market for B2C distribution channels is expected to witness significant growth with a revenue CAGR of 6.6% over the projected period. In the B2C distribution channel, several factors are driving market growth, including the increasing availability of saffron products through online retail channels, the growing popularity of saffron-based supplements and dietary products, and the increasing use of saffron in the cosmetics and personal care industries. Additionally, the rise of e-commerce platforms has made it easier for consumers to purchase saffron products directly from manufacturers, leading to increased competition and lower prices.

Type Insights

The traditional type led the global market with a revenue share of 63.8% in 2022. The market for traditional saffron harvest is driven by several factors, including its unique flavor, aroma, and color, which make it a highly valued ingredient in cooking, cosmetics, and traditional medicine. In addition to its culinary uses, saffron has been used for centuries in traditional medicine to treat a variety of ailments, including depression, anxiety, and menstrual cramps. It is also used in cosmetics for its skin-brightening properties.

Global saffron market share and size, 2022

Organic type in the saffron market is expected to witness a significant CAGR of 6.9% by revenue over the projected period. Organic saffron is becoming increasingly popular due to the growing demand for natural and healthy food products. Organic saffron is produced using natural methods of cultivation that do not involve the use of synthetic fertilizers or pesticides. This makes it a healthier and more environmentally friendly choice for consumers.

Regional Insights

Middle East and Africa dominated the market and held a revenue share of 51.7% in 2022. This is attributable to the increasing demand for its use in traditional cuisine. Saffron is an essential ingredient in many dishes in the region, such as biryanis, pilafs, and tagines, and it is also used to flavor sweets and desserts. The spice is considered to be a symbol of hospitality and is often served to guests as a sign of respect.

Saffron Market Trends, by Region, 2023 - 2030

Another factor driving the market in the region is its medicinal properties. Saffron has been used for centuries in traditional medicine to treat a range of ailments, including depression, anxiety, and insomnia. It is also believed to have antioxidant and anti-inflammatory properties and may help to lower blood pressure and cholesterol levels.

In November 2022, Iran established a gene bank for saffron bulbs with the goal of identifying and registering a particular species of Iranian saffron with the United Nations Food and Agriculture Organization. The gene bank has gathered saffron bulbs from 57 different regions in Iran and plans to continue expanding its collection in the future. This initiative aims to safeguard and preserve the genetic diversity of saffron bulbs in Iran for future generations.

North America is expected to expand at a revenue CAGR of 5.3% during the forecast period. Saffron is becoming increasingly popular in North America due to its various health benefits. Modern lifestyles have resulted in anxiety attacks becoming increasingly common among adults, and saffron is highly effective in treating them. Saffron tablets contain bioactive compounds such as Crocin, which possess several medicinal properties and health benefits.

Europe is expected to expand at a revenue CAGR of 6.3% during the forecast period. The increasing awareness of the health benefits of saffron, coupled with the rising demand for organic and natural products, is driving the growth of the saffron market in Europe. As a result, there is a growing demand for high-quality saffron from consumers, which is fueling the growth of the saffron market in Europe.

According to an article published on BIOPRO Baden-Württemberg GmbH, a German start-up, Innovation Matters, is developing a robot-assisted process for saffron cultivation. The robot, named Oscar, can detect and cut flowers, but extraction of saffron threads still needs to be done by hand. Germany could potentially become a net exporter of saffron. The company plans to make test products available soon and collect data from real customers.

Asia Pacific is expected to expand at a revenue CAGR of 7.0% during the forecast period. The market for saffron in the Asia Pacific is driven by a variety of factors, including its cultural and historical significance, its use in traditional medicine and culinary applications, and its increasing popularity as a premium ingredient in luxury products.

In many Asian countries like India and China, saffron has been used for centuries in traditional medicine for its various health benefits, such as improving digestion, treating respiratory ailments, and reducing inflammation. It is also believed to have mood-enhancing properties and is used in Ayurvedic medicine and other traditional healing systems.

In June 2022, SoulTree, a brand specializing in Ayurvedic beauty and wellness products, launched its Advanced Kumkumadi line of products. This range is created using only 100% pure, certified organic Mogra Saffron and is developed in accordance with the fundamental principles of Ayurvedic traditions.

In October 2022, USMS Saffron Co., a supplier of saffron in India, plans to expand its business beyond the spice market and launch health-oriented food and beverages, including saffron drinks and supplements.

Key Companies & Market Share Insights

The global market is dominated by a small number of players, with production primarily concentrated in Middle Eastern countries. However, there is significant potential for emerging and new players in need of comprehensive support throughout the value chain. Both established, and new market participants are increasingly emphasizing strong brand management to improve key differentiators, such as portfolio diversity and competitive pricing. Additionally, consumers favor buying Saffron through B2C sales channels. As a result, manufacturers in the industry are introducing online platforms for delivering consistent and bulk quantities to home chefs and domestic use.

Major players in the market are introducing new products and are focusing on strategic partnerships, product launches, mergers, joint ventures, and acquisitions to increase their market share. For instance, in November 2022, Veggitech opened a Saffron farm in the Mena region in Sharjah, UAE, using smart built-in systems to manage the farming process. The farm is aligned with the UAE's National Food Security Strategy for 2051.

In June 2023, Spanish biotech company Natac acquired French firm Inoreal to expand its saffron product range. Inoreal's brands Satieral, effective for weight loss, and Moodreal will be used for this purpose. Natac expects an eight-fold increase in saffron output over the next three years and plans to explore opportunities in Latin America. Some of the prominent players in the global saffron market include:

  • Esfedan Trading Company

  • Safran Global Company S.L.U.

  • Tarvand Saffron Co.

  • Saffron Business Company

  • Gohar Saffron

  • Rowhani Saffron Co.

  • Mehr Saffron

  • Flora Saffron

  • Royal Saffron Company

  • Iran Saffron company

Saffron Market Report Scope

Report Attribute


Market size value in 2023

USD 602.2 million

Revenue forecast in 2030

USD 959.38 million

Growth rate

CAGR of 6.4% from 2022 to 2030

Base year for estimation


Historical data

2017 - 2021

Forecast period

2023 - 2030

Report updated

May 2023

Quantitative units

Volume in tons, revenue in USD million, and CAGR from 2022 to 2030

Report coverage

Market forecasts, company ranking, competitive landscape, growth factors, and trends

Segments covered

Grade, type, form, application, distribution, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; UK; France; Italy; Spain; China; India; Japan; Australia; Brazil; Argentina; UAE; South Africa, Iran

Key companies profiled

Esfedan Trading Company, Safran Global Company S.L.U., Tarvand Saffron Co., Saffron Business Company, Gohar Saffron, Rowhani Saffron Co., Mehr Saffron, Flora Saffron, Royal Saffron Company, Iran Saffron company

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Saffron Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global saffron market report on the basis of grade, type, form,application, distribution, and region:

  • Grade Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

    • Grade I

    • Grade II

    • Grade III

    • Grade IV

  • Type Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

    • Organic

    • Traditional

  • Form Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

    • Liquid

    • Powder

    • Stigma

    • Petals

    • Stamen

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

    • Food Supplements

    • Cosmetics

    • Personal Care Products

    • Food & Beverage

    • Others

  • Distribution Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

    • B2B

    • B2C

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • South Africa

      • UAE

      • Iran

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