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.
Full research report on saffron market analysis:
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
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/pharmaceuticals
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
o U.S.
·
Europe
o Italy
o Spain
·
Asia Pacific
o China
o India
·
South & Central America
o Brazil
·
Middle East & Africa
o Iran
o UAE
o Saudi Arabia
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/antisense-rnai-therapeutics-market
https://www.grandviewresearch.com/press-release/antisense-rnai-therapeutics-market
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