- Saffron, a premium spice derived from the dried stigmas of the Crocus sativus flower, is increasingly valued across culinary, pharmaceutical, and cosmetic applications due to its unique flavor, aroma, antioxidant properties, and perceived health benefits
- The escalating demand for saffron is primarily fueled by rising consumer preference for natural and organic ingredients, growing use in traditional and alternative medicine, and expanding applications in functional foods, beauty, and wellness products across global markets
- Middle East and Africa dominated the saffron market with a share of 51.7% in 2024, due to historical and cultural importance of saffron in traditional dishes, herbal medicine, and religious practices across countries such as Iran, Morocco, and the U.A.E.
- Asia-Pacific is expected to be the fastest growing region in the saffron market during the forecast period due to widespread use of saffron in traditional medicine, culinary applications, and religious rituals across countries such as India, China, and Japan
- Grade I segment dominated the market with a market share of 60.5% due to its superior chemical composition, including high levels of crocin (coloring), picrocrocin (taste), and safranal (aroma), making it suitable for high-value uses in health supplements, herbal medicine, and functional foods. This grade is often preferred by pharmaceutical manufacturers and luxury brands looking for consistent potency and certified quality
