South Korea Saffron Market to 2032

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

South Korea Saffron Market was valued at USD 14.84 (Revenue in USD Million) in 2021.

Overview

The South Korea Saffron Market is expected to reach a 22.16 USD Million by 2032 and is projected to grow at a CAGR of 7.24% from 2025 to 2032.

Revenue, 2024 (USD Million)

14.84

Forecast, 2032 (USD Million)

22.16

CAGR, 2024 - 2032

7.24%

Report Coverage

South Korea

South Korea Saffron Market 2018-2032 USD Million

South Korea Saffron Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 14.84 USD Million
Projected Market Size (2032): 22.16 USD Million
CAGR (2025-2032): 7.24%

Key Findings of South Korea Saffron Market

The South Korea Saffron Market was valued at 14.84 USD Million in 2024.
The South Korea Saffron Market is likely to grow at a CAGR of 7.24% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Petals in Form Segment accounted for the largest share of the market with a revenue of 14.84 USD Million
The fastest growing segment Sargol Saffron in Type Segment grew Fastest with a CAGR of 7.65% during the forecast period from 2024 to 2032.

South Korea Saffron Market Scope

South Korea Saffron Market Segmentation & Scope

Form

Petals
Liquid
Powder
Stigma

Origin

Morocco
Others
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

Type

Bunch or Dasteh Saffron
Pushal/Poshal Saffron
Negin Saffron
Super Negin Saffron
Sargol Saffron

Grade

Grade IV
Grade III
Grade I
Grade II

South Korea Saffron Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Million
Market Value in 2024	14.84 USD Million
Market Value in 2032	22.16 USD Million
CAGR (2025-2032)	7.24%
Historic Data	2016-2023
Market Segments Covered	Form,Origin,Drying Method,Distribution Channel,Type,Grade,Category

Regional Insights:

Leading Market (2024-2032): South Korea, leading in terms of revenue 14.84 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 14.84 USD Million in 2024.

Segments and Scope

South Korea Saffron Market to 2032, By Form
- Petals is the largest segment in South Korea Saffron Market to 2032 with a revenue of 14.84 USD Million in the year 2024.
- Petals is the Fastest growing segment in South Korea Saffron Market to 2032 with a Growth rate of 7.24 % in forecast period 2025-2032.
South Korea Saffron Market to 2032, By Origin
- Iran is the largest segment in South Korea Saffron Market to 2032 with a revenue of 6.39 USD Million in the year 2024.
- Iran is the Fastest growing segment in South Korea Saffron Market to 2032 with a Growth rate of 7.64 % in forecast period 2025-2032.
South Korea Saffron Market to 2032, By Drying Method
- Microwave Drying Method is the largest segment in South Korea Saffron Market to 2032 with a revenue of 4.81 USD Million in the year 2024.
- Microwave Drying Method is the Fastest growing segment in South Korea Saffron Market to 2032 with a Growth rate of 7.63 % in forecast period 2025-2032.
South Korea Saffron Market to 2032, By Distribution Channel
- Store Based Retail is the largest segment in South Korea Saffron Market to 2032 with a revenue of 10.73 USD Million in the year 2024.
- Store Based Retail is the Fastest growing segment in South Korea Saffron Market to 2032 with a Growth rate of 7.36 % in forecast period 2025-2032.
South Korea Saffron Market to 2032, By Type
- Sargol Saffron is the largest segment in South Korea Saffron Market to 2032 with a revenue of 4.57 USD Million in the year 2024.
- Sargol Saffron is the Fastest growing segment in South Korea Saffron Market to 2032 with a Growth rate of 7.65 % in forecast period 2025-2032.
South Korea Saffron Market to 2032, By Grade
- Grade II is the largest segment in South Korea Saffron Market to 2032 with a revenue of 5.24 USD Million in the year 2024.
- Grade II is the Fastest growing segment in South Korea Saffron Market to 2032 with a Growth rate of 7.65 % in forecast period 2025-2032.
South Korea Saffron Market to 2032, By Category
- Conventional is the largest segment in South Korea Saffron Market to 2032 with a revenue of 12.29 USD Million in the year 2024.
- Conventional is the Fastest growing segment in South Korea Saffron Market to 2032 with a Growth rate of 7.40 % in forecast period 2025-2032.

South Korea Saffron Market Company Share Analysis

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

South Korea Saffron Market Geographical Sales Distribution, 2018-2032 USD Million

South Korea Saffron Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the South Korea Saffron Market?

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

What is the current market size of the South Korea Saffron Market?

South Korea Saffron Market was valued at USD 14.84(Revenue in USD Million) in 2021.

What is the expected growth rate of the South Korea Saffron Market?

South Korea Saffron Market is projected to grow at a CAGR of 7.24% during the forecast period of 2024 to 2032.

Which is the dominating segment in the South Korea Saffron Market?

The Petals segment is expected to dominate the South Korea Saffron Market, holding a largest market share of 14.84 USD Million in 2024