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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
1
Market profiling
2
Formulating discussion guide
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Developing list of respondents
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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
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
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Primary
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
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Key industry experts
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Conclusions
Company
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Company websites
Company annual
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White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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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, 20162026,” 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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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
period.
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%
CAGR
©2015 Future Market Insights, All Rights Reserved
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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
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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
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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
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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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