Saffron Market Size - By Grade (Grade I, Grade II, Grade III, Grade IV), By Form (Liquid, Powder, Thread, Others), Applications (Food & Beverage, Personal Care, Supplements, Others), Distribution Channel (B2B, B2C), Regional Outlook & Forecast, 2023 - 203

Saffron Market Size - By Grade (Grade I, Grade II, Grade III, Grade IV), By Form (Liquid, Powder, Thread, Others), Applications (Food & Beverage, Personal Care, Supplements, Others), Distribution Channel (B2B, B2C), Regional Outlook & Forecast, 2023 - 2032

Saffron market size is projected to expand at 4.1% CAGR between 2023 and 2032. The increasing consumer awareness of the numerous health benefits associated with saffron, such as its antioxidant properties and potential mood-enhancing effects is driving the demand for saffron-based products.

On account of its distinct and pleasant flavor, saffron records diverse application scope in the culinary, pharmaceuticals, and cosmetics industries. For instance, in August 2023, Tata Consumer Products (TCP), a leading FMCG industry player, launched the Himalayan brand – Grade 1 Kashmiri saffron to meet its strategy to diversify distinctive product categories while emphasizing strong quality credentials. Additionally, the traditional significance of saffron in various cultures and its perceived luxury status is surging its popularity as a valuable and sought-after commodity. The growing popularity of ethnic cuisines and the emerging trend of natural and organic ingredients in food products are also boosting the product consumption.

The saffron market is segregated into grade, form, application, distribution channel, and region.

In terms of grade, the market share from the grade 1 segment is projected to rise at 3.2% CAGR during 2023-2032. The growth can be attributed to the increasing demand for superior quality saffron, driven by its robust flavor, intense aroma, and vibrant color. The growing consumer preference for premium grades, often associated with higher potency and purity, will further contribute to the product demand.

Saffron market share from the powder form segment is estimated to record 5.6% CAGR through 2032, fueled by the convenience offered in culinary applications along with easy integration into various dishes, and efficient dispersion in recipes. The versatility and ease of use of powdered saffron is further driving its demand in both commercial and household settings.

Regionally, the Europe saffron market size is slated to expand at 4.9% CAGR from 2023 to 2032, due to the increasing awareness of the culinary and health benefits. The rising demand for exotic and premium ingredients, and the higher incorporation of saffron in various cuisines will boost the regional market expansion.

Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
1.7.1 Primary
1.7.2 Secondary Paid sources Unpaid sources
Chapter 2 Executive Summary
2.1 Saffron industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Grade trends
2.4 Form trends
2.5 Application trends
2.6 Distribution channel trends
2.7 Regional trends
Chapter 3 Saffron Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Russia-Ukraine War Impact on the industry
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Saffron Market Size and Forecast, By Grade 2018 - 2032
5.1 Grade I
5.2 Grade II
5.3 Grade III
5.4 Grade IV
Chapter 6 Saffron Market Size and Forecast, By Form 2018 - 2032
6.1 Liquid
6.2 Powder
6.3 Thread
6.4 Others
Chapter 7 Saffron Market Size and Forecast, By Application 2018 - 2032
7.1 Food & Beverage
7.2 Personal Care
7.3 Supplements
7.4 Others
Chapter 8 Saffron Market Size and Forecast, By Distribution channel 2018 - 2032
8.1 B2B
8.2 B2C
Chapter 9 Saffron Market Size and Forecast, By Region 2018 - 2032
9.1 Key trends, by region
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 South Korea
9.4.6 Indonesia
9.4.7 Malaysia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
9.6.4 Egypt
Chapter 10 Company Profiles
10.1 Tarvand Saffron Co.
10.2 Gohar Saffron
10.3 Novin Saffron
10.4 Saharkhiz Saffron Co.
10.5 Iran Saffron Company
10.6 Saffron Business Co.
10.7 Hebei Xingchen Biological Technology Co., Ltd.
10.8 Royal Saffron Company
10.9 Taj Agro International
10.10 Ehsan Saffron Co.
10.11 Shalimar Saffron
10.12 Persian Saffron Company
10.13 Esfedan Saffron Co.
10.14 Rowhani Saffron Co.
10.15 United Saffron Co.

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