How big is the saffron market?

The market size of saffron was worth USD 1.16 billion in 2023 and is set to reach USD 1.66 billion by the end of 2032, due to increasing awareness of its numerous health benefits.

What is the value of the grade II saffron industry?

Demand for grade II saffron recorded USD 452.2 million in 2022, owing to its rising popularity in both home cooking and commercial use.

Why is the demand for saffron threads rising?

The thread form segment held around 65% revenue share of the saffron market in 2022, attributed to benefits, such as purity and authenticity.

Who are the leading saffron market players?

Some of the major saffron providers are Iran Saffron Company, Tarvand Saffron Co., Gohar Saffron, Novin Saffron, Hebei Xingchen Biological Technology Co., Ltd., Saffron Business Co., and Saharkhiz Saffron Co.

Saffron Market Share

Report ID: GMI6947

Published Date: October 2023

Report Format: PDF

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Saffron Market Share

Some of the major companies operating in the saffron industry are:

Tarvand Saffron Co.
Gohar Saffron
Novin Saffron
Saharkhiz Saffron Co.
Iran Saffron Company
Saffron Business Co.
Hebei Xingchen Biological Technology Co., Ltd.
Royal Saffron Company
Taj Agro International
Ehsan Saffron Co.

These companies focus on strategic partnerships, new grade launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative grades and garner maximum revenue in the market.

Tarvand Saffron Co. is an Iranian company that is one of the largest producers and exporters of saffron in the world. It was founded in 1995 and is headquartered in Mashhad, Iran. The company has a network of farms and processing facilities throughout Iran, and it exports its products to over 50 countries around the world. Tarvand Saffron Co. offers a wide range of saffron products, including saffron threads, saffron powder, saffron liquid, and saffron extracts. The company also offers a variety of saffron-based food and beverage products, such as saffron rice, saffron sugar, and saffron tea.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Question(FAQ) :

How big is the saffron market?: The market size of saffron was worth USD 1.16 billion in 2023 and is set to reach USD 1.66 billion by the end of 2032, due to increasing awareness of its numerous health benefits.
What is the value of the grade II saffron industry?: Demand for grade II saffron recorded USD 452.2 million in 2022, owing to its rising popularity in both home cooking and commercial use.
Why is the demand for saffron threads rising?: The thread form segment held around 65% revenue share of the saffron market in 2022, attributed to benefits, such as purity and authenticity.
Who are the leading saffron market players?: Some of the major saffron providers are Iran Saffron Company, Tarvand Saffron Co., Gohar Saffron, Novin Saffron, Hebei Xingchen Biological Technology Co., Ltd., Saffron Business Co., and Saharkhiz Saffron Co.

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Authors: Kunal Ahuja, Himanshu Kabra

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Premium Report Details

Base Year: 2023

Companies covered: 15

Tables & Figures: 246

Countries covered: 22

Pages: 210

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Saffron Market Share

Saffron Market Share

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