Global Saffron Extract Market Size To Worth USD 1096.54 Million By 2033 | CAGR of 8.86%
Category: Food & BeveragesGlobal Saffron Extract Market Size To Worth USD 1096.54 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Saffron Extract Market Size is Expected to Grow from USD 469.13 Million in 2023 to USD 1096.54 Million by 2033, at a CAGR of 8.86% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the " Global Saffron Extract Market Size, Share, and COVID-19 Impact Analysis, By Nature (Organic Saffron Extract and Conventional Saffron Extract), By Form (Liquid, Thread, and Powder), By Grade (Grade I, Grade II, and Grade III & IV), By Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceutical & Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/saffron-extract-market
The global saffron extract market emphasizes the production, distribution, and utilization of saffron extract from the stigmas of the Crocus sativus flower. This extract is used as a flavoring agent and coloring agent in food products and has several health benefits. Saffron, a genus of the Iridaceae family, is cultivated in Iran, India, Greece, and Spain. Its pharmacological activities include anti-cancerous, hepatotoxic protection, anti-inflammatory, pro-apoptotic, antioxidant, and antidepressant effects, making it useful in medicine, fragrances, and cosmetics. The stigma portion of the plant is primarily used for the extraction and investigation of bioactive components, with recent scientific studies emphasizing the importance of safety and environmental friendliness in extraction procedures. The purity, yield, time, cost-effectiveness, and structure of bioactive compounds are greatly impacted by the extraction conditions and procedures. Techniques like conventional and cutting-edge green technologies are used to extract bioactive compounds from saffron plants, which are quick, target-selective, sustainable, eco-friendly, and non-toxic. However, complexity in the extraction procedure may hinder the growth of the market.
The conventional saffron extract segment held the largest market share of 72.81% in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on its nature, the global saffron extract market is categorized as organic saffron extract and conventional saffron extract. Among these, the conventional saffron extract segment held the largest market share of 72.81% in 2023 and is predicted to grow at a significant CAGR during the predicted period. This is driven by the wide use of this type of saffron in food applications, low cost, flavoring and coloring agents, anti-oxidant properties, and anti-inflammatory activity.
The powder segment held the highest share in 2023 and is predicted to grow at a CAGR of 9.0% throughout the projected timeframe.
Based on the form, the global saffron extract market is categorized as liquid, thread, and powder. Among these, the powder segment held the highest share in 2023 and is predicted to grow at a CAGR of 9.0% throughout the projected timeframe. The growth of a segment is attributed to factors like physicochemical stability, longer shelf life, anti-oxidant content, reduced microbial contamination risk, ease of use, and application in sectors like food and beverage, nutraceuticals, and cosmetics.
The grade I segment held the greatest share in 2023 and is predicted to grow at a significant CAGR throughout the projected timeframe.
Based on the end-user, the global saffron extract market is categorized as grade I, grade II, and grade III & IV. Among these, the grade I segment held the greatest share in 2023 and is predicted to grow at a significant CAGR throughout the projected timeframe. This is attributed to the enhanced aroma, minimal moisture content, deep red color, premium quality, low floral waste, and rich in crocin content.
The food and beverages segment accounted for the highest market share of 40.05% in 2023 and is expected to grow at a CAGR of 8.80% throughout the projected timeframe.
Based on the applications, the global saffron extract market is categorized as food & beverages, cosmetics & personal care, pharmaceutical & healthcare, and others. Among these, the food and beverages segment accounted for the highest market share of 40.05% in 2023 and is expected to grow at a CAGR of 8.80% throughout the projected timeframe. The segmental growth is attributed to the rising demand for natural ingredients, extensive usage of saffron extract as a coloring and flavoring agent, and in skincare cosmetic products and perfumes.
Asia Pacific is expected to hold the greatest share of the global saffron extract market over the forecast period.
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Asia Pacific is expected to hold the greatest share of the global saffron extract market over the forecast period. The Asia Pacific saffron extract market is driven by increasing demand for natural ingredients, cultural significance of Ayurveda and Asian cuisine, cosmetics industry expansion due to anti-aging properties, health benefits in dietary supplements, and government support for modernizing farming and supply chain efficiency.
North America is predicted to grow at the fastest CAGR throughout the estimated period. The North American saffron extract market is gaining momentum due to increasing awareness, research, trade, and governmental regulations. Saffron is a popular ingredient in dietary supplements and functional foods due to its mood-boosting, antioxidant, and cognitive-supporting properties. Demand is also driven by e-commerce, premium and organic saffron products, functional food popularity, strategic partnerships, and celebrity marketing.
Major key players in the global saffron extract market are Royal Saffron Company, Azafranes Machegos SL., Evolva, Gohar Saffron, Novin Saffron, Tarvand Saffron Co., Rowhani Saffron Co., Safrante Global Company, Baby Brand Saffron, Saharkhiz International Group Inc., SURFIRAN, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2025, Herbalife India launched Sleep Enhance™, a caffeine-free, plant-based supplement designed to improve sleep quality. The product, free from added sugars, artificial flavors, and caffeine, is a solution for sleep disorders in India. Its hibiscus flavor and saffron extract, clinically proven to improve sleep quality, mood, and calmness, make it an effective addition to nighttime routines.
- In September 2024, Kourtney Kardashian Barker's wellness brand introduced an all-natural weight loss supplement with no known side effects, powered by three clinically tested ingredients: Eriomin® Lemon Fruit Extract, Supresa® Saffron Extract, and Morosil™ Red Orange Fruit Extract. The supplement aims to support metabolic health, reduce appetite, and promote weight management.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global saffron extract market based on the below-mentioned segments:
Global Saffron Extract Market, By Nature
- Organic Saffron Extract
- Conventional Saffron Extract
Global Saffron Extract Market, By Form
- Liquid
- Thread
- Powder
Global Saffron Extract Market, By Grade
- Grade I
- Grade II
- Grade III and IV
Global Saffron Extract Market, By Application
- Food & Beverages
- Cosmetics & Personal Care
- Pharmaceutical & Healthcare
- Others
Global Saffron Extract Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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