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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 chem...