San Francisco 22 April 2019 Saffron Market Analysis By Application (Food, Medical, Cosmetics), By Region (North
America, Europe, Asia Pacific, South & Central America, Middle East &
Africa, And Segment Forecasts, 2018 - 2025
The global saffron market is expected to reach USD 2.0 billion by 2025, according
to a new report by Grand View Research, Inc. Rising product use in food
applications as a flavoring and coloring agent will augment growth over the
next nine years.
The product is being employed in medical
applications to treat dry skin, cough, and asthma. Rising demand from the
pharmaceutical sector on account of its antioxidant, anti-inflammatory,
anti-tumor, and anti-diabetic properties is expected to have a positive impact
on the industry. Growing popularity as an herbal health supplement is expected
to propel product growth over the next nine years.
Rising product use in the treatment of acne,
tan removal, and other skin related issues, is expected to fuel its need in the
manufacturing of skin care products which in turn will fuel demand.
Increasing product use in textile and paint
applications on account of properties such as oriental fragrance, natural color
dyeing, and replacement of chemical color pigment respectively will propel
industry development. Expansion of the perfume sector in Middle East &
Africa and Asia Pacific is expected to propel product need over the next nine
years.
The saffron market is a labor intensive
sector along with specific agro-climatic condition requirements, which imply
high production costs which in turn impact product prices. This factor may
restrain industry development over the forecast period.
Access Research Report of Saffron Market@ https://www.grandviewresearch.com/industry-analysis/saffron-market
Further key findings from the report suggest
· The market is expected to grow at a CAGR of
12.0% from 2016 to 2025 on account of increasing use in the food sector
· Food as an application of the product will
witness the fastest growth in terms of revenue at a CAGR of over 13% from 2016
to 2024 owing to its flavoring and coloring properties
· Europe market is expected to witness
significant development and was estimated at over USD 250 million in 2015 on
account of rising demand from the food and healthcare sector
· Key participants include Gohar, Rowhani.,
Iran Saffron Company, and Saffron Business Co.
· Key companies are focused on increasing
their global presence through the integration of supply chain.
· In January 2017, Rowhani revised its
product manufacturing schedule to implement mechanization and use scientific
research to enhance product quality
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has
segmented the global saffron market on the basis of application and region:
Saffron Application Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Food
·
Medical
·
Cosmetics
·
Others
Saffron Regional Outlook (Volume, Tons,
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South & Central America
·
Middle East & Africa
Access Press Release of
Saffron
Market@ https://www.grandviewresearch.com/press-release/global-saffron-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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