Market Forecast By Grade (Grade I, Grade II, Grade III, Grade IV), By Application (Food, Medical, Cosmetics, Others) And Competitive Landscape
Product Code: ETC279385 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Thailand Saffron Market |
Forecast period | 2025-2031 |
CAGR | 7.2% |
Growing Sector | Organic & Premium Grade Saffron |
The Thailand Saffron Market report offers a comprehensive analysis segmented by Grade Type, and Application. It provides an unbiased and detailed examination of current market trends, high-growth areas, and key drivers, assisting stakeholders in formulating strategies aligned with present and future market dynamics.
Thailand’s saffron market is experiencing steady growth, driven by increasing awareness of saffron’s health benefits and its rising popularity in culinary and wellness applications. The demand for premium-quality and organically grown saffron is surging, particularly among urban consumers seeking natural remedies and gourmet ingredients.
According to 6Wresearch, Thailand Saffron Market is estimated to grow at a CAGR of 7.2% during 2025–2031. The saffron market in Thailand is influenced by a range of drivers and challenges. On the driver side, increasing consumer awareness of saffron's health benefits and its use in traditional and modern cuisines has fueled demand. The growing popularity of natural and organic products has also bolstered the market, as saffron is perceived as a premium, high-quality spice with medicinal properties.
However, the market faces significant challenges. Saffron cultivation requires specific climatic conditions and labor-intensive processes, leading to high production costs. Limited local production capacity forces reliance on imports, which can be subject to fluctuating international prices and supply chain disruptions.
Some Important Trends include:
Some Notable Investment Opportunities include:
Leading players in the Thailand saffron market include both international exporters and local distributors. Key international brands such as Mehr Saffron, Gohar Saffron, and Rowhani Saffron dominate through premium product offerings. Meanwhile, local companies and specialty retailers are gaining traction by offering curated saffron products with a focus on authenticity and traceability.
Thailand’s food and herbal product regulations ensure that saffron meets quality, labeling, and safety standards. Importers must comply with the Thai Food and Drug Administration (FDA) guidelines regarding contamination limits and permissible additives. Herbal supplements containing saffron must also undergo registration processes before entering the market.
The Thailand saffron market is expected to continue expanding, fueled by rising interest in herbal wellness products and luxury culinary experiences. Technological advancements in saffron farming, combined with better processing techniques, may enhance quality and yield, encouraging domestic cultivation efforts.
The report provides a detailed analysis of the following market segments:
According to Ravi, Research Head at 6Wresearch, The Grade II saffron market in Thailand represents an emerging sector within the broader spice industry. Known for its balanced quality and affordability, Grade II saffron appeals to both domestic consumers and international buyers seeking cost-effective options. While it may not carry the same level of intensity in aroma or color as higher grades, its versatility makes it a preferred choice for culinary applications and small-scale commercial use.
The medical applications of saffron have also gained attention within Thailand's saffron market. Saffron is renowned for its potential health benefits, backed by traditional uses and modern scientific research. It contains bioactive compounds such as crocin, safranal, and picrocrocin, which are linked to antioxidant, anti-inflammatory, and mood-enhancing properties.
The report offers a comprehensive study of the subsequent market segments:
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 Thailand Saffron Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Saffron Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Saffron Market - Industry Life Cycle |
3.4 Thailand Saffron Market - Porter's Five Forces |
3.5 Thailand Saffron Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Thailand Saffron Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Saffron Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Saffron Market Trends |
6 Thailand Saffron Market, By Types |
6.1 Thailand Saffron Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Thailand Saffron Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 Thailand Saffron Market Revenues & Volume, By Grade I, 2021-2031F |
6.1.4 Thailand Saffron Market Revenues & Volume, By Grade II, 2021-2031F |
6.1.5 Thailand Saffron Market Revenues & Volume, By Grade III, 2021-2031F |
6.1.6 Thailand Saffron Market Revenues & Volume, By Grade IV, 2021-2031F |
6.2 Thailand Saffron Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Saffron Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 Thailand Saffron Market Revenues & Volume, By Medical, 2021-2031F |
6.2.4 Thailand Saffron Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Thailand Saffron Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Saffron Market Import-Export Trade Statistics |
7.1 Thailand Saffron Market Export to Major Countries |
7.2 Thailand Saffron Market Imports from Major Countries |
8 Thailand Saffron Market Key Performance Indicators |
9 Thailand Saffron Market - Opportunity Assessment |
9.1 Thailand Saffron Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Thailand Saffron Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Saffron Market - Competitive Landscape |
10.1 Thailand Saffron Market Revenue Share, By Companies, 2024 |
10.2 Thailand Saffron Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |