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<strong>Saffron</strong> <strong>Market</strong>: Global Industry Analysis and<br />

Opportunity Assessment, 2016–2026<br />

April 2017<br />

Report Id : REP-GB-1840<br />

Status : Apr - 17<br />

Category : Food and Beverages<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved


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Research Methodology (1/2)<br />

Systematic Research Approach<br />

<strong>Market</strong> profiling<br />

Formulating discussion guide<br />

Developing list of respondents<br />

Data collection<br />

Data validation<br />

4<br />

5<br />

3<br />

1<br />

2<br />

In-depth secondary research is used to<br />

ascertain overall market size, top<br />

industry players, top products, industry<br />

associations, etc.<br />

PMR formulates a detailed discussion<br />

guide to conduct expert and industry<br />

interviews<br />

PMR develops a list of industry players<br />

(manufacturers), distributors, retailers<br />

and industry experts<br />

PMR conducts interviews with industry<br />

experts, industry players, distributors<br />

and retailers<br />

Data is validated by triangulation<br />

method, wherein secondary, primary<br />

and PMR analysis contribute to the final<br />

data<br />

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<br />

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<br />

<br />

<br />

<br />

<br />

<br />

Data<br />

Collection<br />

Data Filter<br />

& Analysis<br />

Identifying key opinion leaders<br />

Questionnaire design<br />

In-depth interviews<br />

Coverage across value chain<br />

<strong>Market</strong> participants<br />

Key strengths<br />

Product portfolio<br />

Mapping as per value chain<br />

Key focus segments<br />

A<br />

Primary<br />

Research<br />

C<br />

Company<br />

Analysis<br />

Research &<br />

Intelligence<br />

SOLUTION<br />

Actionable<br />

Insights<br />

B<br />

Desk<br />

Research<br />

<br />

<br />

<br />

<br />

<br />

<br />

Business<br />

Solution<br />

Key industry experts<br />

Channel study<br />

Developments<br />

<strong>Market</strong> dynamics<br />

Products<br />

Conclusions<br />

Data analysis<br />

6<br />

Data is scrutinized using MS-Excel to<br />

obtain qualitative and quantitative<br />

insights about the industry<br />

Primary Research #<br />

Secondary Research #<br />

Paid Publications#<br />

Insights<br />

7<br />

PMR delivers industry insights and<br />

information in the required format<br />

(PDF)<br />

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Linkedin<br />

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Avention<br />

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Company websites<br />

Company annual<br />

reports<br />

White papers<br />

Financial reports<br />

<br />

<br />

<br />

<br />

Factiva<br />

GBI<br />

Genios<br />

Meltwater<br />

# includes sources of databases<br />

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3


<strong>Saffron</strong> <strong>Market</strong><br />

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

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

surplus demand in both, developed and developing economies. Future <strong>Market</strong> Insights has recently<br />

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

Belgium, Netherlands, Luxemburg, Germany, Italy, Spain, France and the UK. According to the report,<br />

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

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

bringing in an estimated US$ 617 Mn by the end of 2026.<br />

In the report, titled “<strong>Saffron</strong> <strong>Market</strong>: Global Industry Analysis and Opportunity Assessment, 2016-<br />

2026,” Future <strong>Market</strong> Insights projects that rising demand for plant-based natural ingredients is driving<br />

the saffron consumption in these countries. Key findings in the report indicate that demand for saffron<br />

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

of saffron threads were consumed across targeted countries. Demand for powdered saffron, however, is<br />

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

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

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

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©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4


<strong>Saffron</strong> <strong>Market</strong><br />

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

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

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

amassed from these countries will be accounted by flavouring & spice function throughout the forecast<br />

period.<br />

Key highlights from the report on saffron market for targeted countries include:<br />

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

powdered saffron<br />

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

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

during forecast period<br />

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

over US$ 4 Mn by 2026-end<br />

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

CAGR<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5


<strong>Saffron</strong> <strong>Market</strong><br />

The report also profiles leading manufacturers of saffron partaking in the markets across these targeted<br />

countries, namely, Safrante Global Company, SLU, Evolva, Rowhani <strong>Saffron</strong> Co., Hijos de Eustaquio Abad &<br />

Co. SL, Sara Nuts, Tarvand <strong>Saffron</strong> Co., USMS <strong>Saffron</strong> Co. Inc., Royal <strong>Saffron</strong> Company, Saharkhiz<br />

International Group Companies, Gohar <strong>Saffron</strong>, Novin <strong>Saffron</strong> Co., and Azafranes Machegos SL.<br />

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Table of Content<br />

1. Executive Summary<br />

2. Assumptions & Acronyms Used<br />

3. Research Methodology<br />

4. <strong>Market</strong> Taxonomy<br />

5. <strong>Saffron</strong> <strong>Market</strong> For Target Countries Analysis & Forecast<br />

5.1. <strong>Market</strong> Size Forecast and Y-o-Y Growth<br />

5.2. Absolute $ Opportunity<br />

5.3. Value Chain Analysis<br />

6. <strong>Market</strong> Dynamics<br />

6.1. Drivers<br />

6.2. Restraints<br />

6.3. Opportunity<br />

6.4. Forecast Factors – Relevance and Impact<br />

6.5. <strong>Market</strong> Trends<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

7


Table of Content<br />

7. Industry Value and Supply Chain Analysis<br />

7.1. Value Chain Analysis with Profit Margin<br />

7.1.1. Iran<br />

7.1.2. Europe<br />

7.1.3. U.S.<br />

7.1.4. China<br />

7.2. List and Role of Key Participants<br />

7.2.1. Raw Material Suppliers<br />

7.2.2. Manufacturers/Suppliers<br />

7.2.3. Wholesalers, Distributors and Traders<br />

7.2.4. Retailers<br />

7.2.5. Associations<br />

7.3. Cost and prices for Each Phase In The Value Chain<br />

7.4. Price Analysis for Each Region<br />

7.4.1. Supermarket<br />

7.4.2. Wholesale<br />

7.4.3. Retail<br />

7.4.4. Restaurant<br />

7.4.5. Pharmacies<br />

7.4.6. Online Retailing<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

8


Table of Content<br />

7.5. Spice & Herbs Companies<br />

7.6. Imports and Exports of <strong>Saffron</strong><br />

7.6.1. Production<br />

7.6.2. Imports<br />

7.6.3. Exports<br />

8. Counterfeit <strong>Saffron</strong><br />

8.1. Percentage of the market is pure vs partially vs entirely<br />

8.1.1. Major countries for counterfeit saffron<br />

8.1.2. Steps Taken To Handle Counterfeit <strong>Market</strong><br />

8.1.3. Counterfeit and Adulterated <strong>Saffron</strong><br />

8.1.4. Techniques of Adulteration Determination<br />

8.1.5. <strong>Market</strong> Participants View on Identification of Pure <strong>Saffron</strong><br />

8.2. Impact of lifting the sanctions on Iran<br />

8.3. Details about shortages of saffron<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

9


Table of Content<br />

9. <strong>Saffron</strong> <strong>Market</strong> For Target Countries Analysis and Forecast, By Form<br />

9.1. <strong>Market</strong> Snapshot, By Form<br />

9.2. Introduction<br />

9.2.1. Basis Point Share (BPS) Analysis By Form<br />

9.3. <strong>Market</strong> Size and Forecast By Form<br />

9.4. Absolute $ Opportunity By Form<br />

9.4.1. Thread<br />

9.4.2. Powder<br />

9.4.3. Liquid<br />

9.5. <strong>Market</strong> Attractiveness Analysis By Form<br />

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©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

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Thank You<br />

Future <strong>Market</strong> Insights Global & Consulting Private Limited (FMI)<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

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