Global saffron market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). Saffron  have a wide range of applications in healthcare and food & beverages, among others. It is also utilized for their flavour, perfume, and colour in many different cuisines. Due to its anti-inflammatory, anti-cancer, and antioxidant qualities, it is also being utilized in traditional medicine. Its skin-brightening and anti-inflammatory qualities are additional application in cosmetics. Saffron's intense golden-yellow colour makes it a popular natural textile dye. Perfumes and beverages are also flavoured with it. In many countries, saffron is significant both culturally and religiously. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,

In August 2023, Genuine Health launched a product line containing saffron, a research-proven ingredient linked to brain-health benefits  such as, reduced stress, mood enhancement, and improved memory. The line includes adaptogens and antioxidants to support natural brain functions.
In Auguat 2023, Tata Consumer Products introduced the premium Kashmiri saffron category under its Himalayan brand, aimed to expand its product portfolio with quality-proven products. The Grade 1 Kashmiri saffron, sourced directly from the picturesque Kashmir valleys, is a premium product.
In October 2023, Himalayan launched its premium Kashmiri Saffron segment, featuring a heart-touching story of a lady wandering through the picturesque hills of Kashmir.
In September 2019, Pharmactive Biotech Products introduced Affron Spanish saffron extract in the Asia-Pacific market, offered an all-natural, low dosage of 28mg per day, with potential for nutraceutical applications in anxiety, asthma, relaxation, and sleep.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By Form
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Gohar saffron co, Mehr Saffron,Royal Saffron, and Tarvand Saffron Ghayen Co., among others.

Saffron Market Report Segment

By Type

Organic
Convention

By Form

Thread or Filament
Powder
Liquid

By Application

Food & Beverage
Dietary Supplements
Pharmaceutical
Cosmetic and Skincare
Others (Food Supplements, and Personal Care)

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Saffron Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Esfedan Saffron Co.
Gohar saffron co.
Indus Organics 
Iran Saffron Co.
Mehr Saffron
Mehrab Saffron
Rowhani Saffron Co. 
Royal Saffron 
Saffron Business
Safran
Saharkhiz Saffron Co.
Tarvand Saffron Ghayen Co.

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