Philippines Saffron Market to 2032

Q: What is the current market size of the Philippines Saffron Market?

Philippines Saffron Market was valued at USD 6.55 (Revenue in USD Million) in 2021.

Overview

The Philippines Saffron Market is expected to reach a 9.62 USD Million by 2032 and is projected to grow at a CAGR of 6.93% from 2025 to 2032.

Revenue, 2024 (USD Million)

6.55

Forecast, 2032 (USD Million)

9.62

CAGR, 2024 - 2032

6.93%

Report Coverage

Philippines

Philippines Saffron Market 2018-2032 USD Million

Philippines Saffron Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 6.55 USD Million
Projected Market Size (2032): 9.62 USD Million
CAGR (2025-2032): 6.93%

Key Findings of Philippines Saffron Market

The Philippines Saffron Market was valued at 6.55 USD Million in 2024.
The Philippines Saffron Market is likely to grow at a CAGR of 6.93% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Stigma in Form Segment accounted for the largest share of the market with a revenue of 6.55 USD Million
The fastest growing segment Iran in Origin Segment grew Fastest with a CAGR of 7.39% during the forecast period from 2024 to 2032.

Philippines Saffron Market Scope

Philippines Saffron Market Segmentation & Scope

Origin

Others
Morocco
Greece
India
Spain
Iran

Drying Method

Others (If Any)
Sun Drying Method
Vacuum Oven Drying Method
Electric Oven Drying Method
Microwave Drying Method

Distribution Channel

Non Store Based Retail
Store Based Retail

Form

Stigma
Liquid
Powder
Petals

Grade

Grade IV
Grade III
Grade I
Grade II

Philippines Saffron Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Million
Market Value in 2024	6.55 USD Million
Market Value in 2032	9.62 USD Million
CAGR (2025-2032)	6.93%
Historic Data	2016-2023
Market Segments Covered	Origin,Drying Method,Distribution Channel,Form,Grade,Category,Type

Regional Insights:

Leading Market (2024-2032): Philippines, leading in terms of revenue 6.55 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 6.55 USD Million in 2024.

Segments and Scope

Philippines Saffron Market to 2032, By Origin
- Iran is the largest segment in Philippines Saffron Market to 2032 with a revenue of 2.62 USD Million in the year 2024.
- Iran is the Fastest growing segment in Philippines Saffron Market to 2032 with a Growth rate of 7.39 % in forecast period 2025-2032.
Philippines Saffron Market to 2032, By Drying Method
- Microwave Drying Method is the largest segment in Philippines Saffron Market to 2032 with a revenue of 2.14 USD Million in the year 2024.
- Microwave Drying Method is the Fastest growing segment in Philippines Saffron Market to 2032 with a Growth rate of 7.31 % in forecast period 2025-2032.
Philippines Saffron Market to 2032, By Distribution Channel
- Store Based Retail is the largest segment in Philippines Saffron Market to 2032 with a revenue of 4.74 USD Million in the year 2024.
- Store Based Retail is the Fastest growing segment in Philippines Saffron Market to 2032 with a Growth rate of 7.06 % in forecast period 2025-2032.
Philippines Saffron Market to 2032, By Form
- Stigma is the largest segment in Philippines Saffron Market to 2032 with a revenue of 6.55 USD Million in the year 2024.
- Stigma is the Fastest growing segment in Philippines Saffron Market to 2032 with a Growth rate of 6.93 % in forecast period 2025-2032.
Philippines Saffron Market to 2032, By Grade
- Grade II is the largest segment in Philippines Saffron Market to 2032 with a revenue of 2.34 USD Million in the year 2024.
- Grade II is the Fastest growing segment in Philippines Saffron Market to 2032 with a Growth rate of 7.33 % in forecast period 2025-2032.
Philippines Saffron Market to 2032, By Category
- Conventional is the largest segment in Philippines Saffron Market to 2032 with a revenue of 5.45 USD Million in the year 2024.
- Conventional is the Fastest growing segment in Philippines Saffron Market to 2032 with a Growth rate of 7.09 % in forecast period 2025-2032.
Philippines Saffron Market to 2032, By Type
- Sargol Saffron is the largest segment in Philippines Saffron Market to 2032 with a revenue of 2.04 USD Million in the year 2024.
- Sargol Saffron is the Fastest growing segment in Philippines Saffron Market to 2032 with a Growth rate of 7.33 % in forecast period 2025-2032.

Philippines Saffron Market Company Share Analysis

Company Name
Baby Brand Saffron
Esfedan Saffron Co.
Rowhani Saffron Co.
Norfolk Saffron
The Cheshire Saffron Company.

Philippines Saffron Market Geographical Sales Distribution, 2018-2032 USD Million

Philippines Saffron Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Philippines Saffron Market?

The Philippines Saffron Market is segmented based on Segmentation Origin,Drying Method,Distribution Channel,Form,Grade,Category,Type.

What is the current market size of the Philippines Saffron Market?

Philippines Saffron Market was valued at USD 6.55(Revenue in USD Million) in 2021.

What is the expected growth rate of the Philippines Saffron Market?

Philippines Saffron Market is projected to grow at a CAGR of 6.93% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Philippines Saffron Market?

The Stigma segment is expected to dominate the Philippines Saffron Market, holding a largest market share of 6.55 USD Million in 2024