North America Saffron Supplements Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.12 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Saffron Supplements Market Analysis
The North American saffron supplements market is expected to register a CAGR of 4.12% during the forecast period.
- As a nutraceutical product, saffron is gaining popularity in North America due to its numerous health benefits. Saffron is very effective in treating anxiety attacks, which has become very common among adult age groups owing to modern lifestyles. Saffron tablets comprise bioactive compounds extracted from saffron (Crocin) that have numerous health benefits and medicinal properties.
- The United States is the dominant market in North America for the consumption of saffron supplements. Saffron supplements contain chemicals that might alter mood and may act like antioxidants. They are helpful in treating a number of conditions like depression, Alzheimer's disease, etc. Thus, the increasing need to cure such diseases is fueling the consumption of saffron supplements across the region.
- Taking saffron supplements in the short term is safe and effective for some people. However, they may cause side effects like anxiety, sleepiness, upset stomach, appetite changes, headache, etc., and some people are allergic to saffron, which restricts the market's growth potential.
North America Saffron Supplements Market Trends
Uses and Effectiveness of Saffron Supplements to Fuel Demand
- Saffron contains crocin, a major compound that offers numerous health benefits, for which it has high demand among all age groups. Some of the active components in saffron croci are anti-depressant, anti-inflammatory, and anti-convulsant, which improves memory. Saffron is also effective in treating anxiety attacks, which has become very common among adult age groups owing to modern lifestyles.
- Saffron supplements are possibly effective for Alzheimer's disease and may improve symptoms by a small amount. These supplements may also treat depression, acting as a common anti-depressant to help with symptoms. Therefore, all such uses and offering effective treatments are bound to support the consumption of saffron supplements.
United States is the Fastest Growing Country
- The United States is the leading market in the North American saffron supplements market due to rising saffron applications in nutraceuticals and pharmaceutical sectors. The increased health awareness is driving consumers towards health supplements. Though there is a decline in the anti-depressant market in the country, the fastest-growing health supplement segment supports the market growth.
- The consumption of saffron supplements is rising owing to antioxidant and anticancer benefits. Notable antioxidants include crocetin, crocin, safranal, kaempferol, etc., having anti-depressant properties that may improve memory, mood, and learning ability, along with protecting the brain against oxidative stress.
- Saffron supplements are also useful to treat depression, and with the rising prevalence of depressive states in the population, the United States is making enhanced use of such supplements. Therefore, such beneficial properties are supporting the growth of saffron supplements in the country.
North America Saffron Supplements Industry Overview
The North American saffron supplements market is highly competitive due to the presence of a number of players. Prominent market players undertake different marketing strategies to enhance their market presence. Major strategies adopted by these players include partnerships, new product launches, acquisitions, etc., to sustain the market competition. Major players in the market are LEAN Nutraceuticals, Epicure Garden, and Lean Nutraceuticals, among others.
North America Saffron Supplements Market Leaders
-
Persavita, Inc
-
Epicure Garden
-
LEAN Nutraceuticals
-
LUMA Nutrition
-
Natural Factors
*Disclaimer: Major Players sorted in no particular order
North America Saffron Supplements Market News
- February 2023: A saffron stigma extract from Activ'Inside (Bordeaux, France), called Safr'Inside, obtained a new patent in the United States which protects the composition and dosage of safranol in the encapsulated saffron extract. The extract is made using a unique encapsulation technology called Techcare that protects saffron from alterations and preserves its native composition to ensure a full spectrum product, enabling it to offer a high concentration of safranal content.
- May 2022: Affron, Pharmactive Biotech Products, S.L.U.'s premium saffron ingredient, cemented its leadership position in the US saffron mental wellness category and achieved double-digit growth in the first quarter of 2022 with its unique US-granted patent for low mood support.
North America Saffron Supplements Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Form
5.1.1 Gummy
5.1.2 Tablet/Capsules
5.1.3 Powder
5.1.4 Liquid
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience/Grocery Stores
5.2.3 Specialty Stores
5.2.4 Online Retail Stores
5.2.5 Other Distribution Channels
5.3 By Geograhy
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Lean Nutraceuticals Inc.
6.3.2 Persavita Inc.
6.3.3 Epicure Garden
6.3.4 Vox Nutrition
6.3.5 Life Extension
6.3.6 Private Label Express
6.3.7 Herbamax LLC
6.3.8 LUMA Nutrition
6.3.9 Natural Factors
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. ABOUT US
North America Saffron Supplements Industry Segmentation
Saffron supplements are composed of bioactive compounds extracted from saffron (Crocin), which have numerous health benefits and medicinal properties.
The North American saffron supplements market is segmented by form, distribution channel, and geography. Based on the form, the market is segmented into gummy, tablet/capsules, powder, and liquid. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience/grocery stores, online retail stores, and other distribution channels. Based on geography, the market is segmented into the United States, Canada, Mexico, and the Rest of North America.
The report offers market size and forecasts for saffron supplements in USD million for all the above segments.
| By Form | |
| Gummy | |
| Tablet/Capsules | |
| Powder | |
| Liquid |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience/Grocery Stores | |
| Specialty Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| By Geograhy | ||||||
|
North America Saffron Supplements Market Research FAQs
What is the current North America Saffron Supplements Market size?
The North America Saffron Supplements Market is projected to register a CAGR of 4.12% during the forecast period (2024-2029)
Who are the key players in North America Saffron Supplements Market?
Persavita, Inc, Epicure Garden, LEAN Nutraceuticals, LUMA Nutrition and Natural Factors are the major companies operating in the North America Saffron Supplements Market.
What years does this North America Saffron Supplements Market cover?
The report covers the North America Saffron Supplements Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Saffron Supplements Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saffron Supplement in North America Industry Report
Statistics for the 2024 Saffron Supplement in North America market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saffron Supplement in North America analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
