Saffron Market, By Product Type (Saffron Threads and Saffron Powder), By End-Use (Culinary, Medicinal, Cosmetics, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retailers, and Direct Sales), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI2165

Pages :125

Formats :

Excel and PDF

Industry : Food Ingredients

Saffron Market Size and Trends

The saffron market is estimated to be valued at USD 757.0 Mn in 2025 and is expected to reach USD 1,273.2 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2025 to 2032.

Saffron Market Key Factors

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The increasing demand for natural food colors and flavors along with rising consumer preference for organic spices are some of the key factors driving the market growth.

Market Driver - Wide application in food industry

Saffron is being increasingly used in wide range of food applications all over the world. It is one of the most expensive spices by weight but a little amount adds bright orange-red color and distinctive flavor to foods. The excellent color retention property of saffron makes it suitable for coloring and flavoring various delicacies. Its intense flavor and subtle notes of grassy-sweetness results in enhancing the overall taste of dishes.

The traditional use of saffron has been in dishes like rice pilaf, paella and bouillabaisse where it imparts the characteristic yellow-golden hue. However, its usage has expanded beyond these staple cuisines in recent years. Leading chefs are proactively experimenting with innovative preparations and coming up with unique saffron infused recipes. It is being added to soups, seafood preparations, meat marinades, breads and desserts. The versatile spice can complement both savory and sweet flavors. Moreover, the bright color provided by saffron uplifts the visual appeal of various foods.

Growing middle class populations in developing nations have increased the demand for premium ingredients. Saffron fits well with the rising healthcare and wellness trends as it has few calories but high nutrient value. Consumption for saffron tea and supplements is gaining traction due to its presumed medicinal benefits. Food manufacturers are also introducing saffron flavored ready-to-eat and convenience products to appeal to the busy lifestyles. With rising globalization of cuisines, people are eager to experiment diverse flavors including saffron infused recipes. All these factors related to wide scale food applications are bolstering the overall saffron market.