Saffron Market


Saffron Market: Global Industry Analysis and

Opportunity Assessment, 2016–2026

April 2017

Report Id : REP-GB-1840

Status : Apr - 17

Category : Food and Beverages

©2015 Future Market Insights, All Rights Reserved


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Research Methodology (1/2)

Systematic Research Approach

Market profiling

Formulating discussion guide

Developing list of respondents

Data collection

Data validation






In-depth secondary research is used to

ascertain overall market size, top

industry players, top products, industry

associations, etc.

PMR formulates a detailed discussion

guide to conduct expert and industry


PMR develops a list of industry players

(manufacturers), distributors, retailers

and industry experts

PMR conducts interviews with industry

experts, industry players, distributors

and retailers

Data is validated by triangulation

method, wherein secondary, primary

and PMR analysis contribute to the final




Data Filter

& Analysis

Identifying key opinion leaders

Questionnaire design

In-depth interviews

Coverage across value chain

Market participants

Key strengths

Product portfolio

Mapping as per value chain

Key focus segments







Research &










Key industry experts

Channel study


Market dynamics



Data analysis


Data is scrutinized using MS-Excel to

obtain qualitative and quantitative

insights about the industry

Primary Research #

Secondary Research #

Paid Publications#



PMR delivers industry insights and

information in the required format






Company websites

Company annual


White papers

Financial reports





# includes sources of databases

©2015 Future Market Insights, All Rights Reserved


Saffron Market

Saffron Market in US, Iran, China, Benelux and EU5 Countries to Reach US$ 617.5 Mn by 2026-end

Spanning across the globe as one of the most essential ingredient in the world, saffron continues to gain

surplus demand in both, developed and developing economies. Future Market Insights has recently

published its report on the saffron market, specifically targeting countries such as the US, China, Iran,

Belgium, Netherlands, Luxemburg, Germany, Italy, Spain, France and the UK. According to the report,

more than US$ 360 Mn worth of saffron was consumed across these countries in 2016. The report

further projects that saffron market for these targeted countries will grow steadily at 5.3% CAGR,

bringing in an estimated US$ 617 Mn by the end of 2026.

In the report, titled “Saffron Market: Global Industry Analysis and Opportunity Assessment, 2016-

2026,” Future Market Insights projects that rising demand for plant-based natural ingredients is driving

the saffron consumption in these countries. Key findings in the report indicate that demand for saffron

threads, in particular, is expected to be higher than other forms. In 2016, more than US$ 200 Mn worth

of saffron threads were consumed across targeted countries. Demand for powdered saffron, however, is

also gaining momentum, and is anticipated to register a value CAGR of 6.6% through 2026.

The report reveals that retail industry will continue to be the largest end-user of saffron in these

countries. More than US$ 160 Mn worth of saffron is projected to be accounted by retail businesses.

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©2015 Future Market Insights, All Rights Reserved 4

Saffron Market

Nevertheless, the market will notice considerable rise in the end-use of saffron for production of

cosmetics, revenues from which will soar at 5.1% CAGR. Consumption of saffron will also be driven by its

function as a spice, herb, or a flavouring ingredient. And, nearly three-fourth of saffron revenues

amassed from these countries will be accounted by flavouring & spice function throughout the forecast


Key highlights from the report on saffron market for targeted countries include:

Iran’s saffron market will expand at 5.7% CAGR, and register substantial growth in production of

powdered saffron

More than 90 Mn worth of saffron powder will be consumed in the US by the end of 2026

In UK’s saffron market, medical & pharmaceutical industry will record revenue growth at 6% CAGR

during forecast period

Demand for saffron will be low in Germany as the country’s market is expected to be valued at just

over US$ 4 Mn by 2026-end

The saffron market in France, Spain, China, Luxemburg and Italy will exhibit growth at less than 3%


©2015 Future Market Insights, All Rights Reserved 5

Saffron Market

The report also profiles leading manufacturers of saffron partaking in the markets across these targeted

countries, namely, Safrante Global Company, SLU, Evolva, Rowhani Saffron Co., Hijos de Eustaquio Abad &

Co. SL, Sara Nuts, Tarvand Saffron Co., USMS Saffron Co. Inc., Royal Saffron Company, Saharkhiz

International Group Companies, Gohar Saffron, Novin Saffron Co., and Azafranes Machegos SL.

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Table of Content

1. Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Taxonomy

5. Saffron Market For Target Countries Analysis & Forecast

5.1. Market Size Forecast and Y-o-Y Growth

5.2. Absolute $ Opportunity

5.3. Value Chain Analysis

6. Market Dynamics

6.1. Drivers

6.2. Restraints

6.3. Opportunity

6.4. Forecast Factors – Relevance and Impact

6.5. Market Trends

©2015 Future Market Insights, All Rights Reserved


Table of Content

7. Industry Value and Supply Chain Analysis

7.1. Value Chain Analysis with Profit Margin

7.1.1. Iran

7.1.2. Europe

7.1.3. U.S.

7.1.4. China

7.2. List and Role of Key Participants

7.2.1. Raw Material Suppliers

7.2.2. Manufacturers/Suppliers

7.2.3. Wholesalers, Distributors and Traders

7.2.4. Retailers

7.2.5. Associations

7.3. Cost and prices for Each Phase In The Value Chain

7.4. Price Analysis for Each Region

7.4.1. Supermarket

7.4.2. Wholesale

7.4.3. Retail

7.4.4. Restaurant

7.4.5. Pharmacies

7.4.6. Online Retailing

©2015 Future Market Insights, All Rights Reserved


Table of Content

7.5. Spice & Herbs Companies

7.6. Imports and Exports of Saffron

7.6.1. Production

7.6.2. Imports

7.6.3. Exports

8. Counterfeit Saffron

8.1. Percentage of the market is pure vs partially vs entirely

8.1.1. Major countries for counterfeit saffron

8.1.2. Steps Taken To Handle Counterfeit Market

8.1.3. Counterfeit and Adulterated Saffron

8.1.4. Techniques of Adulteration Determination

8.1.5. Market Participants View on Identification of Pure Saffron

8.2. Impact of lifting the sanctions on Iran

8.3. Details about shortages of saffron

©2015 Future Market Insights, All Rights Reserved


Table of Content

9. Saffron Market For Target Countries Analysis and Forecast, By Form

9.1. Market Snapshot, By Form

9.2. Introduction

9.2.1. Basis Point Share (BPS) Analysis By Form

9.3. Market Size and Forecast By Form

9.4. Absolute $ Opportunity By Form

9.4.1. Thread

9.4.2. Powder

9.4.3. Liquid

9.5. Market Attractiveness Analysis By Form

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©2015 Future Market Insights, All Rights Reserved


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