Saffron Market Strongly Driven by Rising Global Demand

Rising product use in food applications as a flavoring and coloring agent will augment growth over the next nine years. The Global Saffron Market is expected to reach USD 2.0 billion by 2025, according to a new report by Grand View Research, Inc.

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.

To Know More About Saffron Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/saffron-market

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.

Top Players of Saffron Market:

Key participants include Gohar, Rowhani., Iran Saffron Company, and Saffron Business Co.

Market Segmentation of Saffron Market:

The Global Saffron Market segmented on the basis of Application and Region.

By Application:

    Food
    Medical
    Cosmetics

By Region:

    North America
    Europe
    Asia Pacific
    South & Central America
    Middle East & Africa

Inquire about Saffron Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1340

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