Report Code: A15114 | Pages: NA | Mar 2023 | 1376 Views | ||
Author(s) : Roshan D | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Saffron Market
Request Now !The size of the Saffron market is expected to accumulatehuge profits in the coming years, mainly dueto its wide use in the flourishing food sector. It is one of the more expensive spices and is often used as a food colouring and flavouring agent. In addition, it is considered to be more nutritiousthan other spices because it contains Bvitamins, dietary minerals and manganese. Apart from that, this spice is used a lot in the pharmaceutical industry because it has medicinal properties and is used to cure various diseases like cough, asthma, measles, colds and other diseases.
Some companies are involved in the enhancement to technology, hence thesecompany are specializing in the production of saffron automatically all year round. Apparently, this technology has been tested to challenge global monopoly on saffron supply. Similarly, some other products made with saffron have helped a patient in improving his mental health. Thus, it is claimed that saffron may become a natural and safe alternativeto sleeping pills overthe long term.
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COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Widely used in Food & Beverages and Personal Care Industry
Saffrons are widely used in the production of various Food & Beverages and cosmetic products. However, theincreased awareness associated with its healing properties and the use of saffron in personal care products and perfumes will potentially create lucrative opportunities for players in the global saffron market. The food and beverage segment inthe overall saffron market is expected to experience significant gains in the coming years,mainly due to the significant value of the spice in the industry as it is used as a flavoring agent.
Rising Demand in the Market due to its Health Benefits
In today’s world, the younger generation is consistently gaining interest in nutritious food which is actually booming the demand for healthy lifestyles. Over the past of few years, there has been an increase in number of health-conscious customers across the world. Individuals are involved in adopting a healthy and a lively lifestyle, which has increased the demand for health-oriented food products. Healthy lifestyle is becoming a traditional way of life that majorly has concerns over obesity, food sensitivity, and other people suffering from diseases still rise.
Hence, with the rise in health and wellness awareness among the population, the demand for healthy food and quality ingredients has increased substantially. Saffron and its products offers protection against harmful UV rays, fights inflammation, reduces pigmentation and helpsin healing wounds.Manycommercial companies operating in the beauty industry have researched anddeveloped products from saffron tomeet the increasingneeds of consumers for skin lightening.
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Questions Answered in the Report
Saffron Market Report Highlights
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Key Market Players | JMD Agro Foods, Taj Agro Products, Good Life Global, Saffron Tech, Royal Saffron, Shahri Food Products, Gohar Nab Sara, Pharmacive Biotech Products, Rowhani Saffron Co., Gohar Saffron |
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