| Product Code: ETC5156584 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Guyana`s saffron import market in 2024 continues to witness strong growth, with the top exporting countries being the USA, China, India, and Trinidad and Tobago. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high, indicating a dominant market presence of these key players. The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 50.14%, highlighting the increasing demand for saffron in Guyana. Moreover, the notable growth rate of 10.8% from 2023 to 2024 suggests a promising outlook for the saffron import industry in the country.
The Saffron market in Guyana is projected to grow at a exponential growth rate of 51.12% by 2027, within the Latin America region led by Brazil, along with other countries like Mexico, Argentina, Colombia and Chile, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary  | 
2 Introduction  | 
2.1 Key Highlights of the Report  | 
2.2 Report Description  | 
2.3 Market Scope & Segmentation  | 
2.4 Research Methodology  | 
2.5 Assumptions  | 
3 Guyana Saffron Market Overview  | 
3.1 Guyana Country Macro Economic Indicators  | 
3.2 Guyana Saffron Market Revenues & Volume, 2021 & 2031F  | 
3.3 Guyana Saffron Market - Industry Life Cycle  | 
3.4 Guyana Saffron Market - Porter's Five Forces  | 
3.5 Guyana Saffron Market Revenues & Volume Share, By Grade, 2021 & 2031F  | 
3.6 Guyana Saffron Market Revenues & Volume Share, By Application, 2021 & 2031F  | 
4 Guyana Saffron Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Growing consumer awareness about the health benefits of saffron  | 
4.2.2 Increasing demand for natural and organic food products  | 
4.2.3 Rising disposable income leading to higher spending on premium food products  | 
4.3 Market Restraints  | 
4.3.1 Limited availability of saffron due to its cultivation requirements  | 
4.3.2 High production costs associated with saffron cultivation  | 
4.3.3 Fluctuating prices of saffron in the international market  | 
5 Guyana Saffron Market Trends  | 
6 Guyana Saffron Market Segmentations  | 
6.1 Guyana Saffron Market, By Grade  | 
6.1.1 Overview and Analysis  | 
6.1.2 Guyana Saffron Market Revenues & Volume, By Grade I, 2021-2031F  | 
6.1.3 Guyana Saffron Market Revenues & Volume, By Grade II, 2021-2031F  | 
6.1.4 Guyana Saffron Market Revenues & Volume, By Grade III, 2021-2031F  | 
6.1.5 Guyana Saffron Market Revenues & Volume, By Grade IV, 2021-2031F  | 
6.2 Guyana Saffron Market, By Application  | 
6.2.1 Overview and Analysis  | 
6.2.2 Guyana Saffron Market Revenues & Volume, By Food, 2021-2031F  | 
6.2.3 Guyana Saffron Market Revenues & Volume, By Medical, 2021-2031F  | 
6.2.4 Guyana Saffron Market Revenues & Volume, By Cosmetics, 2021-2031F  | 
6.2.5 Guyana Saffron Market Revenues & Volume, By Others, 2021-2031F  | 
7 Guyana Saffron Market Import-Export Trade Statistics  | 
7.1 Guyana Saffron Market Export to Major Countries  | 
7.2 Guyana Saffron Market Imports from Major Countries  | 
8 Guyana Saffron Market Key Performance Indicators  | 
8.1 Consumer perception and awareness of saffron health benefits  | 
8.2 Number of new product launches incorporating saffron  | 
8.3 Growth in saffron cultivation acreage in Guyana  | 
8.4 Investment in research and development for saffron cultivation techniques  | 
8.5 Number of partnerships or collaborations within the saffron industry  | 
9 Guyana Saffron Market - Opportunity Assessment  | 
9.1 Guyana Saffron Market Opportunity Assessment, By Grade, 2021 & 2031F  | 
9.2 Guyana Saffron Market Opportunity Assessment, By Application, 2021 & 2031F  | 
10 Guyana Saffron Market - Competitive Landscape  | 
10.1 Guyana Saffron Market Revenue Share, By Companies, 2024  | 
10.2 Guyana Saffron Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |