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Saffron Market size is expected to witness a high growth owning to increasing demand from food and beverage sector. <br><br>Get more details @ https://goo.gl/jhRXdC
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Saffron Market- Present Scenario and Growth Prospects : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network
Regional Analysis of Saffron Market: • Asia Pacific, dominated by Iran holds the largest share for saffron market owning to favorable geographic conditions for kesar cultivation which include arable land, ambient soil temperature and climatic conditions. Further, consumption of sweets is highest in this region, which is anticipated to favor the product market growth. • North America and Europe are likely to observe substantial growth for saffron market due to its highest consumption rate globally. The region has maximum number of diabetic population owning to increased consumption of fast food.
Application Analysis of Saffron Market: • Kesar exists in three forms which include thread, liquid and powder. Thread segment is anticipated to be the fastest growing segment owning to its application in pharmaceutical, food & beverage, cosmetics and textile. Low availability of liquid products may restrain revenue growth of this segment. • The product is used in different industries named, food & beverage, perfume, cosmetics, pharmaceutical and textile. Food & beverage segment holds the largest market share due to its wide application in dairy, food, beverage and confectionary industry. For instance, the product is used as a spice in food to enhance flavor, taste and color. In addition to this the product is used as a key ingredient in flavored drinks, sweets and desserts
Competitive Market Share of Saffron Market: • Saffron market is fragmented owning to presence of many local manufacturers. Some of the Key manufacturers of saffron market are Royal Saffron, Damon Enterprises, Grandor, Golden Pars Maha, Shahri Food Products, Linkage Internationals, Esfahan Pishro, MehrAzinBonab, Gohar Nab Sara, Great American Spice, HEA & Co Spanish, Rah AbrishamSialk International, Taj Agro Products, Taj Agro, King Kesariya, Damon Enterprises, Good Life Global, Rowhani and JmdAgro Foods. • Companies operating in saffron market have adopted different business strategies to capture this emerging market which include agreements, product launches, expansions, collaborations and partnerships. In February 2016, the U.S. lifted sanctions from Iran products which will trigger the saffron market in Iran. The product is known as the Iran’s red gold and an ounce of it is considered more expensive than precious metal in some of the western supermarkets.
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