OGA Chemical Outlook

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Economic Analysis on 500+ chemicals

SAFFRON
EDITION NUMBER: 9 PUBLISHED: JUNE 2019
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GLOBAL SAFFRON MARKET TO 2025

Global Saffron Market Outlook and Growth Opportunities Frequency, Time Period
to 2025: By Application (Medical, Pharmaceutical, Food & - Base year Data for 2018
Beverages, Cosmetics and Others) and By Region - Five Year Annual Forecast, 2019-
2025
- Updated on Annual Basis

The 9th edition of Saffron market report focuses on Critical factors for Metrics
success, market size and forecast growth rates, industry structure and - Revenues ($)
dynamics, key companies, products and functions and trends and strategic - Prices
issues. - Volumes
This report assists chemical professionals to:
 Assess market-by-market conditions, competition and outlook Availability
 Forecast demand and prioritize your marketing efforts - Annual Subscription
 Analyze the strategies of leading players and their product profile - single report purchase
 Stay ahead of competition through detailed company analysis
 Identify the critical success factors for sustainable profitability

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Market Scope and Definition

COMPANIES

APPLICATION Gohar Saffron

Medical Rowhani Saffron Co

Pharmaceutical Iran Saffron

Food & Beverages Novin Saffron

Cosmetics Tarvand saffron co

Others S.L.U.
Flora Saffron
Mehr Saffron
Azafranes Manchegos S.L.
Hijos de Eustaquio Abad y Cía. S.L.

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Market Overview

Global Saffron Market is poised to report 12.17%year-on-year growth in 2019.Demand for saffron is driven as it
contains antioxidants like lycopene, zeaxanthin, a- and ß-carotenes that prevents humans from cancers, stress,
infections and also increases immunity. Wide usage of saffron as natural colouring agent in food and beverages
industries is also driving the demand of global saffron market.

In pharmaceutical sector, the saffron is widely used in the production of several medicines, which is encouraging the
major players in the saffron industry to boost their investments. The presence of crocin and safral as major active
ingredients is expected to increase demand for saffron in manufacturing of several antibiotics. Further, saffron is used
in wide range of therapeutic applications, which increases the demand for saffron in pharmaceutical sector.

Increasing demand for saffron from the cosmetics sector on account of its extensive use in the production of fairness
creams, cleaners and anti-blemish, which isan opportunity the global saffron market.

However, climatic changes for the cultivation of saffron and rising labour costs are expected to restrain the growth of
global saffron market over the forecast period 2019-2025.

Use of saffron as natural colouring agent owes for large market share:

Food and beverages is the largest application segment that is expected to account for largest market share owing to
growing product use as natural ingredient in various foods. Saffron is used as natural food ingredient instead of
chemical food ingredients in diary and confectionery industry for various preparations such as tea, ice cream, milk,

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jelly, baking powder and others. Product addition to various food types enhances the demand of saffron and that
lead to expansion of the market across various regions in upcoming years.

Cosmetics sector is the fastest growing segment in global saffron market:

Increasing need for saffron in cosmetics sector on behalf of its growing use in the production of fairness creams,
cleansers and anti blemish lotions is expected to fuel the saffron industry growth. Along with these, the product is
extensively used due to its properties like glowing skin, acne and tan removal, and in treatment of similar skin
problems. Rising awareness among consumers regarding their physical appearance and increase in disposal income is
expected to drive the demand for saffron during forecast period 2019-2025.

In addition to these applications, the global saffron market is categorised into medical, pharmaceuticals, and other
applications.

Based on regional analysis, Europe saffron market accounted for major share owing to high food demand:

European countries like Spain and Italy collectively accounted about 34% market volume in global saffron market on
account of rising demand from the food sector. These countries are involved in product manufacturing and are using
innovative packaging technologies for quality assurance as per local food requirements. Therefore, the market
demand in Europe is expected to growover the years.

Further, the global saffron market is analysed for countries across North America,Asia Pacific, South & Central
America and Middle East & Africa.

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Key players participating in the global saffronmarket:

Gohar Saffron (Iran), Rowhani Saffron Co.(Iran), Iran Saffron(Iran), Novin Saffron(Iran), Tarvand saffron co(Iran),
S.L.U.(Spain), Flora Saffron(Iran), Mehr Saffron(Iran), Azafranes Manchegos S.L. (Spain), and Hijos de Eustaquio Abad
y Cía. S.L. (Spain).

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Scope of the Report

Long term perspective on the Saffron industry: 2018 (base year), 2019- 2025 (forecast period)

Saffron Market- Forecasts by Segments- Application by geography.

 It provides the market outlook by 5 applications including medical, pharmaceutical, food & beverages,
cosmetics and others.
 Saffron market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central
America, and Middle East & Africa are covered.

Saffron Market- Strategic Analysis Review

 Key strategies opted by leading players

 Short to Long Term Industry Trends
 Porter’s Five Forces Analysis
 Supply side and Demand Side Drivers and Challenges

Saffron Market- Growth Opportunities

 Potential New Business Opportunities

 Key Areas of Focus in forecast period

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Saffron Market- Competitive Scenario

 10 companies are analysed in the report including Gohar Saffron (Iran), Rowhani Saffron Co.(Iran), Iran
Saffron(Iran), Novin Saffron(Iran), Tarvand saffron co(Iran), S.L.U.(Spain), Flora Saffron(Iran), Mehr
Saffron(Iran), Azafranes Manchegos S.L. (Spain), and Hijos de Eustaquio Abad y Cía. S.L.(Spain).
 Company Peer-to-Peer Comparison
 Company Profile and SWOT Analysis
 Financial Analysis

Recent Saffron Market News and Deals

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Table of Contents
1. Table of Contents

1.1 List of Tables

1.2 List of Figures

2. Introduction to Global Saffron Market

2.1 Global Saffron Market Snapshot, 2018

2.2SaffronIndustry Overview

2.3 Research Perspective

3. Global Saffron Market- Strategic Analysis

3.1 Short Term and Long Term Industry Trends Affecting Global Saffron Markets

3.2 Leading Saffron Types Targeted by Global Manufacturers

3.3 Key Consumption Patterns of Saffron

3.4 Potential Markets Vital for business Expansion

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3.5 Five Forces Analysis

3.6 Drivers and Restraints

4. Global Saffron Market Outlook and Growth Opportunities by Application

4.1 Saffron Demand in Medical Application, Market Outlook, 2019- 2025

4.2 Saffron Demand in Pharmaceutical Application, Market Outlook, 2019- 2025

4.3 Saffron Demand in Food & Beverages Application, Market Outlook, 2019- 2025

4.4 Saffron Demand in Cosmetics Application, Market Outlook, 2019- 2025

4.5 Saffron Demand in Other Applications, Market Outlook, 2019- 2025

5. Asia Pacific Saffron Market Outlook and Growth Opportunities

5.1 Key Findings, 2018

5.2 Asia Pacific Saffron Market Outlook by Application, 2019- 2025

5.3 Asia Pacific Saffron Market Outlook by Country, 2019- 2025

6. Europe Saffron Market Outlook and Growth Opportunities

6.1 Key Findings, 2018

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6.2 Europe Saffron Market Outlook by Application, 2019- 2025

6.3 Europe Saffron Market Outlook by Country, 2019- 2025

7. North America Saffron Market Outlook and Growth Opportunities

7.1 Key Findings, 2018

7.2 North America Saffron Market Outlook by Application, 2019- 2025

7.3 North America Saffron Market Outlook by Country, 2019- 2025

8. South & Central America Saffron Market Outlook and Growth Opportunities

8.1 Key Findings, 2018

8.2 South & Central America Saffron Market Outlook by Application, 2019- 2025
8.3 South & Central America Saffron Market Outlook by Country, 2019- 2025

9. Middle East & Africa Saffron Market Outlook and Growth Opportunities

9.1 Key Findings, 2018

9.2Middle East & Africa Saffron Market Outlook by Application, 2019- 2025

9.3 Middle East & Africa Saffron Market Outlook by Country, 2019- 2025
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10. Competitive Landscape

10.1 Leading Players (Company Profile, SWOT Analysis, Saffron Products, Financial Analysis)

10.1.1 Gohar Saffron (Iran)

10.1.2 Rowhani Saffron Co.(Iran)

10.1.3 Iran Saffron (Iran)

10.1.4 Novin Saffron (Iran)

10.1.5 Tarvand saffron co (Iran)

10.1.6 S.L.U. (Spain)

10.1.7 Flora Saffron (Iran)

10.1.8 Mehr Saffron (Iran)

10.1.9 Azafranes Manchegos S.L. (Spain)

10.1.10 Hijos de Eustaquio Abad y Cía. S.L. (Spain)

10.2 Company Benchmarking

10.3 Financial Analysis

11. Recent News and Deals Landscape

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11.1 Mergers and Acquisitions

11.2 New Product Launches

11.3 Asset Transactions

11.4 Financial Announcements

12 Appendix

12.1 OGAnalysis Expertise

12.2 Sources and Research Methodology

12.3 Contact Information

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Research Methodology
Over 1000 companies rely on OGAnalysis research for accurate data and analytics for business development. Accordingly, we
have developed a robust methodology that has been redefined again and again over the past 10 years to arrive at the best-in-
class methodology.

We understand the importance of research for your business!

Our strategic market intelligence is uniquely designed to transform data points into actionable insights for strategic planning and
business development. Our methodology includes series of iterative processes integrating qualitative and quantitative research
methods.

Scope and Report Design Phase

Our well experienced team of experts carefully designs the study scope, objectives and deliverables. Through clear understanding
of research needs of our clients, we design a clear scope for all the segments and sub-segments of the report. Strong knowledge on
emerging trends, client interactions, conferences and latest thinking assist us in formulating the most suitable design process.

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Data Sourcing

OGAnalysis has a large pool of industrial partners across companies and business functions. Data is sourced through extensive
primary and secondary research methods. Through collaborative efforts, primary data is sourced from industry organizations,
leading companies, suppliers, traders and consumers to ensure a comprehensive industry perspective.

Strong primary research abilities set us apart from crowd

In-house Proprietary Databases

Our proprietary databases with over 10 million data points act as a strong historic source for all the information gathered during
Data Sourcing phase. A dedicated team of analysts work on a daily basis- crawling thousands of websites and primary calls to
constantly update the information in our databases.

Data Triangulation

The benefits of data triangulation include boosting data trustworthiness, identifying novel ways of understanding, generating new
insights and gain clear understanding of markets. Through use of historical trend analysis, bottom-up and top-down demand
modeling coupled with comparative analysis, we assess the diverse and quantitative data gathered through primary and secondary
research methods.

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Data Triangulation Can Provide Novel Insights

Forecast methodology

Forecasting is no more a simple quantitative modeling exercise. It is an iterative operating process where identifying the right things
to forecast is followed by gathering and improving the data to include real-world scenarios. Emphasis on scalability and
adaptability of the model in current market conditions with confidence remains the key for any forecast model. The forecasting
process concludes with adaptability in business model so as to constantly improve the entire process.

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Polyols Acrylonitrile Electrically Conductive Adhesives Polypropylene Films Polyolefin
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Polypropylene Styrene Resins Electroactive Polymers Metallic Stearate Polyolefin Fibers
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Plastic Additives Bio Plasticizers Ethylene Oxide Phosgene Shrink Film
Bio-based Polyethylene
Plastisols Terephthalate Ethylene Propylene Diene Monomer Plastic Compounding Smart Polymers
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Polyamide Bio-based Polypropylene Extruded Polypropylene Foam Plastic Dielectric Films Resins
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Polymethyl
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Microspheres Bioplastics Fluorotelomers Polyacetal Resins Styrenics
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Sulfide Bio-Polyamide Furan Resins Polyacrylamide Sulfone Polymers
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Resin Cellulose Acetate Flake Hexamethylenediamine Polyester Film Vulcanizates
Synthetic Latex
Polymers Cellulose Ester High Density Polyethylene Polyester Polyols Triethylene Glycol

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Cellulose Ether and Ultraviolet Curable
Transparent Plastics Derivatives Hydrazine Polyether Ether Ketone Resins
Tris Nonylphenyl Unsaturated Polyester
Phosphite Cellulose Films Impact Modifiers Polyether Polyols Resins
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