Saffron Outlook: Key Production analysis With Vendor Landscape by 2025Posted by Nicky Arora on November 4th, 2019 The Global Saffron Market size is expected to reach USD 2.0 billion by 2025, expanding at a CAGR of 12.0% over the forecast period, 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. Access More Info @ 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. Further key findings from the report suggest
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)
Saffron Regional Outlook (Volume, Tons, Revenue, USD Million, 2014 - 2025)
o U.S.
o Italy o Spain
o China o India
o Brazil
o Iran o UAE o Saudi Arabia About Grand View Research: Grand View Research is an India & 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. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide. Contact: Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105 United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |