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

Global Saffron Extract Market Insights Forecasts to 2033

• The Global Saffron Extract Market Size was Estimated at USD 469.13 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 8.86% from 2023 to 2033
• The Worldwide Saffron Extract Market Size is Expected to reach USD 1096.54 Million By 2033
• North America is Predicted to Grow at the fastest CAGR throughout the projection period

The Global Saffron Extract Market Size is Predicted to Exceed USD 1096.54 Million by 2033, Growing at a CAGR of 8.86% from 2023 to 2033.

Market Overview

The production, distribution, and application of saffron extract derived from the stigmas of the Crocus sativus flower represent the global saffron extract market. This extract is used as a flavoring and coloring agent in food products and has several health benefits. The genus of the saffron plant is Crocus and belongs to the Iridaceae family. It is most cultivated and grown in the regions of Iran, India, Greece, and Spain. Commercial saffron, or stigma, is used as a spice to give food color, flavor, and aroma. A total of 0.74% ash, 1.07% protein, 6.12% carbohydrate, and 0.32% lipids make up the flower's physicochemical makeup. Saffron's pharmacological activities, which include anti-cancerous, hepatotoxic protection, anti-inflammatory, pro-apoptotic, antioxidant, and antidepressant effects, make it useful in medicine, fragrances, and cosmetics. However, rather than the floral biomass, the stigma portion of the plant is primarily utilized for the extraction and investigation of bioactive components. In an attempt to achieve impurity-free final yields and high process efficiency without causing financial problems, recent scientific studies have underlined the significance of safety and environmental friendliness in extraction procedures. The extraction process has mostly employed the stigma portion of the plant. The phytochemical constituents of the saffron extract include the apocarotenoids such as crocin, crocetin, and safranal, flavonols such as quercetin and kaempferol, anthocyanins, and phenolic compounds such as vanillic acid, resveratrol, and caffeic acid. The purity, yield, time, cost-effectiveness, and structure of bioactive compounds are all greatly impacted by the extraction conditions and procedures. Efficiency is impacted by variables like temperature, extraction time, particle size, and solvent choice. The extraction process determines how bioactive compounds are used in foods and medications. The type of bioactive compounds and the structural complexity of the plant material determine how best to optimize the extraction parameters. Bioactive compounds from saffron plants have been extracted using a range of techniques, including conventional and cutting-edge green technologies. These techniques are quick, target-selective, sustainable, eco-friendly, and non-toxic. Furthermore, the ease of cultivation and extraction of saffron accelerates the market expansion.

Report Coverage

This research report categorizes the global saffron extract market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global saffron extract market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global saffron extract market.

Driving Factors

Acceleration of the research and development sector:

The demand for the supplement has grown as a result of research on the health advantages of saffron extract, including its possible anti-inflammatory, anti-cancer, and cognitive-enhancing qualities. The market for saffron extract is expanding globally as a result of its growing accessibility and availability. Through increasing product innovation, advancing cultivation methods, and broadening applications across industries, research and development (R&D) is essential to market growth. Research and development endeavors concentrate on effective and sustainable extraction techniques, scientific confirmation of health advantages, enhanced farming methods, product development and formulation, sustainability, and ethical sourcing. Companies are spending money on R&D to develop new saffron-based goods and to promote fair-trade and environmentally friendly farming practices.

Rising need for dietary supplements and herbal ingredients:

The growing need for herbal ingredients and dietary supplements is fueling the saffron extract market. Saffron is a common ingredient in functional foods and nutraceuticals because consumers are looking for natural solutions for immune system health, mood enhancement, and cognitive support. Saffron's use in herbal supplements has grown as a result of scientific confirmation of its anti-inflammatory and antioxidant qualities. The use of saffron in herbal formulations has increased due to the global shift towards holistic healing. Marketed as a luxury ingredient, saffron extract appeals to affluent customers.

Restraining Factors

The complexity in the extraction of the saffron and the inclusion of several stages in the extraction of the saffron, the high cost of the saffron, restricted regions of cultivation of saffron, and quality concerns, such as adulteration parameters, might lead to restrict the growth of the market.

Market Segmentation

The global saffron extract market share is classified into nature, form, grade, and application.

• The conventional saffron extract segment dominated the market with 72.81% of the share in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period.

Based on its nature, the global saffron extract market is categorized into organic saffron extract and conventional saffron extract. Among these, the conventional saffron extract segment dominated the market with 72.81% of the share in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period. The segmental expansion is attributed to the higher productivity, extensive usage of the conventional saffron extract in food applications to impart the flavor and color to food, cost effectiveness, easy accessibility, and possesses a broad range of applications such as pharmaceuticals, therapeutic activity, such as anti-inflammatory, anti-oxidant, and shows potential therapeutic activity against neurogenerative disease such as Alzheimer’s disease and cardiovascular diseases.

• The powder segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 9.0% throughout the projected timeframe.

Based on the form, the global saffron extract market is categorized into liquid, thread, and powder. Among these, the powder segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 9.0% throughout the projected timeframe. The segmental growth is ascribed to factors such as physicochemical stability, longer shelf life, being rich in anti-oxidants, reduced risk of microbial contamination due to the absence of water, easy to operate and carry, and ease of use in several sectors such as food and beverage items, nutraceuticals, and cosmetics.

• The grade I segment held the largest share in 2023 and is predicted to grow at a significant CAGR throughout the projected timeframe.

Based on the grade, the global saffron extract market is categorized as grade I, grade II, and grade III & IV. Among these, the grade I segment held the largest share in 2023 and is predicted to grow at a significant CAGR throughout the projected timeframe. The sector growth is driven by premium quality, rich in crocin content, improved flavor of the saffron extract, enhanced aroma, deep red color, minimal water or moisture content, and low floral waste.

• The food and beverages segment accounted for the largest market share of 40.05% in 2023 and is estimated to grow at a CAGR of 8.80% throughout the projected timeframe.

Based on the application, 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 largest market share of 40.05% in 2023 and is estimated to grow at a CAGR of 8.80% throughout the projected timeframe. The segment growth is owing to the wide consumption of the saffron extract as a flavoring and coloring agent, increasing need for natural ingredients, and growing use of perfumes and skincare products.

Regional Segment Analysis of the Global Saffron Extract Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global saffron extract market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global saffron extract market over the predicted timeframe. Growing demand for natural ingredients, the cultural significance of Ayurveda and Asian cuisine, the expansion of the cosmetics industry due to its anti-aging and skin-brightening properties, growing awareness of its health benefits and functional foods in dietary supplements and wellness products, and government support for modernizing saffron farming and increasing supply chain efficiency are the main drivers of the Asia Pacific saffron extract market. These elements support the expansion of the market and the rise of the major regional players.

North America is anticipated to grow at the fastest CAGR throughout the projected timeframe. This is attributed to the growing awareness and research, and trade and governmental regulations are accelerating the North American saffron extract market. Saffron is a common component of dietary supplements and functional foods because of its mood-boosting, antioxidant, and cognitive-supporting qualities. The demand for saffron's advantages is additionally being driven by the rise in e-commerce and direct-to-consumer channels, the expansion of premium and organic saffron products, the growing popularity of functional foods and beverages, strategic partnerships and product innovation, and the impact of social media and celebrity marketing.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global saffron extract market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• 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