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Global Saffron Extract Market Size, Share, Growth, Report: By Nature: Organic, Conventional; by Form: Thread, Liquid, Powder; By Application: Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, Dietary Supplements, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Saffron Extract Market Outlook
The global saffron extract market is primarily driven by the rising demand for saffron market which reached a volume of 592 tons in 2020. The saffron industry is likely to grow at a CAGR of 5% in the forecast period of 2024-2032, boosting the global saffron extract market.
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Asia Pacific Hold a Large Market Share in the Saffron Extract Market
The consumption of saffron in traditional Asian cuisine has always been a constant factor for its high demand in the market. South Asia, which has large population centres and is known for using saffron as an important spice, can be seen as a lucrative region with a constant demand for saffron extract and high market share in this industry. The high demand combined with its high value per unit can be understood as a valuable proposition to invest in. Alternatively, it is expected to witness robust growth in the North American market because of the medicinal qualities of saffron.
Saffron Extract: Industry, Definition and Segmentation
Saffron has been traditionally used as a spice in Asian cuisine to enhance the taste and aroma and to add colour to the dish, especially sweets and beverages. It is also known for its antioxidant, anti-depressant, and antiseptic properties. Saffron extract is used to treat asthma, kidney pain, dry skin, stomach pain, and whooping cough, along with other diseases. It is used in numerous pharmaceutical applications, along with the food industry. It has, therefore, been a highly valued spice across the world over the centuries.
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The industry can be segmented on the basis of its nature into the following:
- Organic
- Conventional
The saffron market can be segmented by form as follows:
- Thread
- Liquid
- Powder
The industry can be segmented on the basis of application:
- Food and Beverage
- Pharmaceuticals
- Cosmetics and Personal Care
- Dietary Supplements
- Aromatherapy and Fragrance
- Others
The regional markets for saffron extract can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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Greater Awareness about its Medicinal Properties to Increase Saffron Extract Popularity
One of the key driving factors for saffron extract is the benefits it offers in the medicinal field. Its usage in treating a variety of diseases is making it a popular component in a lot of drugs. Since it is also seen as a weight-loss supplement, the demand for saffron extract is expected to grow despite high costs of saffron products, as more and more people become health-conscious. Increasing Asian expatriate populations in North America and Europe and rising disposable incomes because of which people are looking forward to try new cuisines, which will cause the demand for saffron extract to rise in such regions which traditionally have seen a low market share in this industry.
Key Industry Players in the Global Saffron Extract Market
The report gives a detailed analysis of the following key players in the global saffron extract industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Safrante Global Company S.L.U.
- Kancor Ingredients Limited
- Green Plants Extracts (Comercial Química Massó, S.A.)
- NOVIN SAFFRON Company
- Azafranes Manchegos S.L.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Form, Application, Region |
| Breakup by Nature | Organic, Conventional |
| Breakup by Form | Thread, Liquid, Powder |
| Breakup by Application | Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, Dietary Supplements, Aromatherapy and Fragrance, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Safrante Global Company S.L.U., Kancor Ingredients Limited, Green Plants Extracts (Comercial Química Massó, S.A.), NOVIN SAFFRON Company, Azafranes Manchegos S.L, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Saffron Extract Market Analysis
8.1 Key Industry Highlights
8.2 Global Saffron Extract Historical Market (2018-2023)
8.3 Global Saffron Extract Market Forecast (2024-2032)
8.4 Global Saffron Extract Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Saffron Extract Market by Form
8.5.1 Thread
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Liquid
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Powder
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Saffron Extract Market by Application
8.6.1 Food and Beverage
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Pharmaceuticals
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Cosmetics and Personal Care
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Dietary Supplements
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Aromatherapy and Fragrance
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Saffron Extract Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Saffron Extract Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Saffron Extract Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Saffron Extract Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Saffron Extract Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Saffron Extract Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Safrante Global Company S.L.U.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Kancor Ingredients Limited
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Green Plants Extracts (Comercial Química Massó, S.A.)
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 NOVIN SAFFRON Company
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Azafranes Manchegos S.L
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Saffron Extract Market: Key Industry Highlights, 2018 and 2032
2. Global Saffron Extract Historical Market: Breakup by Nature (Tons), 2018-2023
3. Global Saffron Extract Market Forecast: Breakup by Nature (Tons), 2024-2032
4. Global Saffron Extract Historical Market: Breakup by Form (Tons), 2018-2023
5. Global Saffron Extract Market Forecast: Breakup by Form (Tons), 2024-2032
6. Global Saffron Extract Historical Market: Breakup by Application (Tons), 2018-2023
7. Global Saffron Extract Market Forecast: Breakup by Application (Tons), 2024-2032
8. Global Saffron Extract Historical Market: Breakup by Region (Tons), 2018-2023
9. Global Saffron Extract Market Forecast: Breakup by Region (Tons), 2024-2032
10. North America Saffron Extract Historical Market: Breakup by Country (Tons), 2018-2023
11. North America Saffron Extract Market Forecast: Breakup by Country (Tons), 2024-2032
12. Europe Saffron Extract Historical Market: Breakup by Country (Tons), 2018-2023
13. Europe Saffron Extract Market Forecast: Breakup by Country (Tons), 2024-2032
14. Asia Pacific Saffron Extract Historical Market: Breakup by Country (Tons), 2018-2023
15. Asia Pacific Saffron Extract Market Forecast: Breakup by Country (Tons), 2024-2032
16. Latin America Saffron Extract Historical Market: Breakup by Country (Tons), 2018-2023
17. Latin America Saffron Extract Market Forecast: Breakup by Country (Tons), 2024-2032
18. Middle East and Africa Saffron Extract Historical Market: Breakup by Country (Tons), 2018-2023
19. Middle East and Africa Saffron Extract Market Forecast: Breakup by Country (Tons), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Saffron Extract Market Structure
Key Questions Answered in the Report
In 2020, the global saffron extract market attained a volume of 592 tons.
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The industry is primarily being driven by the therapeutic properties of saffron extract,its use in the treatment of a wide range of disorders, rising disposable incomes, hectic lifestyles, increasing mental health issues, and immense popularity of saffron spice as a food colouring and flavouring agent.
The growing awareness about the medicinal properties and increasing number of health-conscious people are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
The industry can be segmented on the basis of its nature into organic and conventional.
Thread, liquid, and powder are the different forms of saffron extracts in the market.
The major applications in the industry are food and beverage, pharmaceuticals, cosmetics and personal care, dietary supplements, and aromatherapy and fragrance, among others.
The major players in the industry are Safrante Global Company S.L.U., Kancor Ingredients Limited, Green Plants Extracts (Comercial Química Massó, S.A.), NOVIN SAFFRON Company, and Azafranes Manchegos S.L, among others.
Analyst Review
The global saffron extract market attained a volume of 592 tons in 2020, driven by the therapeutic properties of saffron extract and its use in the treatment of a wide range of disorders. Aided by therising disposable incomes and increasing number of health-conscious people, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its nature, the global saffron extract industry can be segmented into organic and conventional. Thread, liquid, and powder are the different forms of saffron extracts in the market. On the basis of application, the industry is divided into food and beverage, pharmaceuticals, cosmetics and personal care, dietary supplements, and aromatherapy and fragrance, among others. The major regional markets for the global saffron extract industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.. The key players in the above market include Safrante Global Company S.L.U., Kancor Ingredients Limited, Green Plants Extracts (Comercial Química Massó, S.A.), NOVIN SAFFRON Company, and Azafranes Manchegos S.L, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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