Published by mark itwired
Posted on September 21, 2021
3 min readLast updated: February 4, 2026
The saffron market is expected to grow at a 5.3% CAGR by 2026, driven by demand in retail and cosmetics industries, with Iran leading production.
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,” 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. 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.
Request The Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1840
Key highlights from the report on saffron market for targeted countries include:
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.
Speak To Analyst about queries @ https://www.futuremarketinsights.com/ask-question/rep-gb-1840
5.1. Market Size Forecast and Y-o-Y Growth
5.2. Absolute $ Opportunity
5.3. Value Chain Analysis
6.1. Drivers
6.2. Restraints
6.3. Opportunity
6.4. Forecast Factors – Relevance and Impact
6.5. Market Trends
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
The post Saffron Market Future Outlook, Detailed Analysis, Challenges And Forecast 2026 first appeared on Market Research Blog.
The article analyzes the saffron market, its growth forecast, and challenges up to 2026.
How is the saffron market expected to grow? It is projected to grow at a 5.3% CAGR by 2026.
Which industry uses the most saffron? The retail industry is the largest consumer of saffron.
Explore more articles in the Research Reports category
