Quick Summary:
Unlock the potential of the dynamic and rapidly expanding global saffron market by gaining access to our comprehensive market research report. The global saffron market, currently valued at US$488.8 Million, is forecasted to double, with an estimated value of US$903.6 Million by 2030. This boom presents exciting investment opportunities for business executives looking to capitalize on expanding markets.
The report provides substantial insights into key product segments, including Grade I and Grade II saffron, their growth trajectories, and in-depth analysis of lucrative geographic markets including the U.S., China, Japan, Canada and Germany. The carefully curated list of significant competitors in the industry provides an understanding of the competitive landscape, allowing for strategic planning and investment. Your purchase of the report includes a one-year complimentary update, ensuring continual up-to-date market data. Gain the advantage of knowledge and make informed strategic decisions.
Global Saffron Market to Reach $903.6 Million by 2030
The global market for Saffron estimated at US$488.8 Million in the year 2022, is projected to reach a revised size of US$903.6 Million by 2030, growing at a CAGR of 8% over the analysis period 2022-2030. Grade I, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$579 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Grade II segment is readjusted to a revised 7.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $133.2 Million, While China is Forecast to Grow at 13.4% CAGR
The Saffron market in the U.S. is estimated at US$133.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$224.7 Million by the year 2030 trailing a CAGR of 13.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.Select Competitors (Total 52 Featured) -
- Azafranes Manchegos, S.L
- Gohar saffron
- Grandor
- Great American Spice Company
- HEA
- Iran Saffron
- King Kesariya
- Krokos-Kozani
- Novin Saffron
- Rowhani Saffron
- Saffron Busines
- SAFRANTE GLOBAL
- Shahri Saffron
- Shanghai Pharmaceuticals Holding Co.
- Taj Agro Products
- Tarvand
- Wani Fruit Enterprises
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Saffron?
What is the growth rate of the Global Market for Saffron?
What is the forecasted size of the Global Market for Saffron?
Who are the key companies in the Global Market for Saffron?
| Report Attribute | Details |
|---|---|
| No. of Pages | 98 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 488.8 Million |
| Forecasted Market Value ( USD | $ 903.6 Million |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Azafranes Manchegos, S.L
- Gohar saffron
- Grandor
- Great American Spice Company
- HEA
- Iran Saffron
- King Kesariya
- Krokos-Kozani
- Novin Saffron
- Rowhani Saffron
- Saffron Busines
- SAFRANTE GLOBAL
- Shahri Saffron
- Shanghai Pharmaceuticals Holding Co.
- Taj Agro Products
- Tarvand
- Wani Fruit Enterprises
