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Global Saffron Market 2017-2021

Global Saffron Market 2017-2021

About Saffron

Saffron is obtained from the filaments of the flower Crocus sativus. The dried stigma of this flower finds various uses in the culinary, medicine, cosmetic, and other industries. The thread consists of active ingredients that impart properties such as color, taste, and aroma. The three main constituents of the dried stigma are crocin, picrocrocin, and the safranal. The intense yellow hue of saffron is due to the presence of crocin; and because of the color, saffron finds extensive usage in the Middle Eastern and Mediterranean cuisines and in dyeing woolen clothes and rugs.

Technavio’s analysts forecast the global saffron market to grow at a CAGR of 5.99% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global saffron market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Saffron Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Gohar saffron
  • Iran Saffron
  • Rowhani Saffron
  • Saffron Business
Other prominent vendors
  • Grandor
  • HEA
  • King Kesariya
  • Wani Fruit Enterprises
  • SAFRANTE GLOBAL
  • shahri saffron
  • Taj Agro Products
  • Great American Spice Company
Market driver
  • Product line extension of saffron in food and beverages sector
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in prices owing to demand-supply gap
  • For a full, detailed list, view our report
Market trend
  • New product formulations using saffron
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Saffron Market 2017-2021

Technavio recognizes the following companies as the key players in the global saffron market: Gohar saffron, Iran Saffron, Rowhani Saffron, and Saffron Business.

Other Prominent Vendors in the market are: Grandor, HEA, King Kesariya, Wani Fruit Enterprises, SAFRANTE GLOBAL, shahri saffron, Taj Agro Products, and Great American Spice Company.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new product formulations using saffron. The increasing awareness of the benefits of saffron has been leading to the rise in demand for new product formulations with saffron as an active ingredient. Saffron is used as an active ingredient in personal care and cosmetic products such as perfumes, face creams, and serums.”

According to the report, one driver in the market is product line extension of saffron in food and beverages sector. Owing to the flavor, taste, and color of saffron, it is used extensively as a flavoring agent in food and beverage products. Its health benefits, along with the ability to enhance the flavor of foods, have attracted manufacturers to use saffron in food and beverages. Saffron is widely used in beverages. For instance, the Indian subsidiary of Coca-Cola, in 2016, launched a range of flavored milk products under the name VIO, which has been well accepted by Indian consumers.

Further, the report states that one challenge in the market is fluctuations in prices owing to demand-supply gap. The decreasing amount of land under the cultivation of saffron and adverse weather conditions affecting saffron yield lead to variations in the prices of saffron. The health benefits of saffron and its many applications have been increasing the demand for saffron. However, the labor extensive extraction and processing of saffron flower has been contributing to the already-high cost of saffron. During 2015-2016, one gram of good quality saffron was priced around $65.

Companies Mentioned

Gohar saffron, Iran Saffron, Rowhani Saffron, Saffron Business, Grandor, HEA, King Kesariya, Wani Fruit Enterprises, SAFRANTE GLOBAL, shahri saffron, Taj Agro Products, and Great American Spice Company.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global saffron market: An overview
    • Segmentation by product type
    • Segmentation by application
    • Global saffron market
      • Table Global saffron market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global saffron market by application
      • Table Global saffron market by application 2016 and 2021 (% share of revenue)
      • Table Global saffron market by application 2016-2021: Growth outlook
    • Global saffron market for food and beverages
      • Table Global saffron market for food and beverages 2016-2021 ($ millions)
    • Global saffron market for nutritional supplements and pharmaceuticals
      • Table Global saffron market for nutritional supplements and pharmaceuticals 2016-2021 ($millions)
    • Global saffron market for cosmetics
      • Table Global saffron market for cosmetics 2016-2021 ($ millions)
    • Global saffron market for other applications
      • Table Global saffron market for other applications 2016-2021 ($ millions)
  • Market segmentation by product form
    • Global saffron market by product form
      • Table Global saffron market by product form 2016 and 2021 (% share of revenue)
      • Table Global saffron market by product form 2016-2021: Growth outlook
    • Global saffron thread market
      • Table Global saffron thread market 2016-2021 ($ millions)
    • Global powdered saffron market
      • Table Global powdered saffron market 2016-2021 ($ millions)
    • Global liquid saffron market
      • Table Global liquid saffron market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global saffron market by geography
      • Table Global saffron market by geography 2016 and 2021 (% share of revenue)
      • Table Global saffron market by geography 2016-2021: Growth outlook
    • Saffron market in EMEA
      • Table Saffron market in EMEA 2016-2021 ($ millions)
    • Saffron market in APAC
      • Table Saffron market in APAC 2016-2021 ($ millions)
    • Saffron market in the Americas
      • Table Saffron market in the Americas 2016-2021 ($ millions)
  • Key leading countries
    • Iran
    • US
    • Italy
    • Spain
    • China
    • India
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Number of country-wise natural disaster by type in 2016
  • Market trends
    • New product formulations using saffron
    • Growing demand for saffron-based herbal teas
    • Expansion of sales channels for saffron
      • Table Global internet penetration rate 2015
  • Competitive analysis
    • Competitive scenario
    • Gohar saffron
      • Table Gohar saffron: Product portfolio
    • Iran Saffron
      • Table Iran Saffron: Product portfolio
    • Rowhani Saffron
      • Table Rowhani Saffron: Product portfolio
    • Saffron Business
      • Table Saffron Business: Product portfolio
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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