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Saffron Market Size Is Expected To Reach USD 721.5 Million By 2028

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  San Francisco, 28 Dec 2021:   The Report  Saffron Market  Size, Share & Trends Analysis Report By Application (Cosmetics, Food, Medical), By Grade (Grade I, II, III, IV), By Region (APAC, MEA, North America, Europe), And Segment Forecasts, 2020 - 2028 The global saffron market size is expected to reach USD 721.5 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.5% over the forecast period. The demand for saffron has been growing rapidly owing to several factors, such as the growing demand for natural ingredients in the food industry. Furthermore, the medicinal properties of saffron have also been one of the key driving factors contributing to the growth of the market. Saffron is the most versatile and costliest spice in the world. Saffron is the dry stigma of Crocus Sativus, where each flower has only 3 stigmas. The process of handpicking the saffron thread is very labor-intensive and over 70,000 flowers produce 1 pound of saffron.

Saffron Market Size Is Projected To Reach USD 2.0 Billion By 2025 : Grand View Research Inc.

San Francisco, 15 April 2019:  The Report  Saffron Market  Analysis By Application (Food, Medical, Cosmetics), By Region (North America, Europe, Asia Pacific, South & Central America, Middle East & Africa, And Segment Forecasts, 2018 – 2025 The global Saffron Market is expected to reach USD 2.0 billion by 2025, 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 ex