Saffron Extract Tablet Market by Type (Blended Saffron Extract Tablet, Pure Saffron Extract Tablet), Source (Conventional, Organic), Distribution Channel, Application - Global Forecast 2024-2030

Saffron Extract Tablet Market by Type (Blended Saffron Extract Tablet, Pure Saffron Extract Tablet), Source (Conventional, Organic), Distribution Channel, Application - Global Forecast 2024-2030

The Saffron Extract Tablet Market size was estimated at USD 306.18 million in 2023 and expected to reach USD 333.18 million in 2024, at a CAGR 8.90% to reach USD 556.43 million by 2030.

A saffron extract tablet contains a concentrated form of saffron, valued for its potential health benefits. This supplement is gaining popularity primarily due to its reported effects on mood enhancement, potentially aiding in depression treatment, and its use in weight management. Increased usage due to growing awareness and preference for natural dietary supplements over synthetic alternatives. Additionally, growing public awareness and acceptance of natural therapeutic alternatives for mental health issues increase the demand for saffron supplements. Additionally, regions with rising disposable incomes and growing health awareness present new markets for saffron supplements. However, the high cost of saffron due to its labor-intensive harvesting process makes it one of the world's most expensive spices, lowering its adoption. Furthermore, ongoing research into the additional health benefits of saffron boosts its application scope, thereby contributing to further market expansion.

Regional Insights

In the Americas, consumers are increasingly drawn to these natural supplements for their mood-enhancing and mental health benefits. Substantial investments in research focused on improving the bioavailability of saffron's active compounds support this trend. In South America, increased adoption and awareness of consumers toward the potential health benefits of saffron drive the expansion of the market. In the Asia Pacific region, notably Japan and China are expanding their herbal supplement sectors with advanced research on increasing the application of herbal supplements, including saffron. While India remains a primary saffron producer, slowly venturing into the processed supplement market. In Europe, consumer demand for saffron extract tablets is linked to increasing awareness of mental health issues and the popularity of natural mood enhancers. In the Middle East, consumers are looking for modern formulations of traditional remedies, including saffron extract tablets, contributing to further market growth, while in Africa, consumer's rising interest in natural supplements, including saffron extract tablets, support the market growth due to their health benefits.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Saffron Extract Tablet Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing awareness and demand for natural health supplements
• Growth in the application of saffron extract tablets in mental health solutions
• Rising availability of saffron extract tablets on online channels

Market Restraints

• High cost of saffron and saffron extract tablets

Market Opportunities

• Advancements in extraction and production technologies
• Investment in R&D activities to explore and validate the therapeutic uses of saffron

Market Challenges

• Problems associated with quality and product standardization

Market Segmentation Analysis

• Type: Growing adoption of blended saffron tablets owing to multifaceted health benefits
• Application: Increasing applicability of saffron tablets in mood stabilization owing to stressful lifestyle

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Saffron Extract Tablet Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Saffron Extract Tablet Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Ritual Introduces New Stress Relief Supplement with Innovative Botanical Composition

Ritual has expanded its wellness portfolio with a new supplement, Stress Relief, engineered to enhance stress management and regulate cortisol levels. The innovative product utilizes BioSeries technology, featuring a three-in-one tablet within a capsule that allows both immediate and extended release of active ingredients over eight hours. The formulation includes 80 mg of Shoden ashwagandha for cortisol regulation, Suntheanine L-Theanine for rapid stress relief, and Affron saffron extract, known for its mood enhancement properties.

Strategic Development of Plant Cell-Derived Saffron by Ayana Bio and Wooree Green Science

Wooree Green Science, in collaboration with Ayana Bio, is set to develop plant cell-derived saffron aimed at the health and wellness market, mainly focusing on weight management and mood enhancement. The recent agreement between Ayana Bio and Wooree Green Science focuses on extracting bioactives from saffron and lutein for deployment in South Korea. Jaksch highlighted the evolving context of the supplement market, influenced significantly by the rising popularity of GLP-1 medications, including Ozempic, which has renewed interest in natural weight management solutions.

Genuine Health's Introduce Saffron-Based Supplement Trio for Enhanced Brain Function

Genuine Health introduced a new line of all-natural supplements centered around saffron, which benefits brain health. This novel trio of products, focusing on memory enhancement, mood balance, and overall brain function, combines saffron with other natural elements and adaptogens such as ginkgo biloba, ashwagandha, turmeric, and sage.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Saffron Extract Tablet Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Saffron Extract Tablet Market, highlighting leading vendors and their innovative profiles. These include Ayush Herbs, Inc., Bio Nutrition Inc., Hard Eight Nutrition LLC, Lallemand Inc., Life Extension Foundation Buyers Club, Inc., Luma Nutrition, NOW Health Group, Inc., Nutricost, Nutritional Products Ltd, Persavita, Inc, Sunday Natural Products GmbH, Swanson Health Products, Inc., The Naked Pharmacy Ltd., Vox Nutrition Inc., and Zyrex Healthcare Pvt Ltd.

Market Segmentation & Coverage

This research report categorizes the Saffron Extract Tablet Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type

• Blended Saffron Extract Tablet
• Pure Saffron Extract Tablet
• Source
• Conventional
• Organic
• Distribution Channel
• Health & Wellness Stores
• Health Practitioners
• Online Retailers
• Pharmacies & Drugstores
• Supermarkets & Grocery Stores

Application

• Eye Health
• Heart Health
• Memory & Cognitive Function
• Mood Improvement
• Premenstrual Syndrome Relief
• Weight Management

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year