Saffron is a beneficial spice that is used for several applications. For the industrial purpose, the saffron application primarily extends to the food, medical, and cosmetics industry. In this article, we will be discussing the rising demand of saffron in the international market. The data and facts which we are going to discuss in this topic are based on the research report which was published by the Grand view research company.
The global market size for the saffron was around USD881.7 million. And it has a projection of an increase in revenue growth by 7.3% from 2020 to 2027. The research expert thinks as a reason for this growth as the population expansion and the growing demand from the pharmaceutical sector.
Different industrial needs and demand of saffron:
Saffron has an extensive application over the food, medical, cosmetic industry. The application also extends to perfumery, textile dying, etc. The market has witnessed a considerable amount of increase in consuming saffron in recent years. In the food industry, it has been used as a whole spice, a natural food colouring agent, and as a hot/cold beverage.
Medicinal applications are considered to remain a key focus area for market vendors on account of its use as an antioxidant, antiseptic, and anti-depressant agent. Based on the research report it can also be used in the treatment of whooping cough, asthma, and dry skin.
The rapid development of the cosmetic industry is accounted for because of the improvement in the standard of living and population expansion. All as a matter of fact the rise in demand for anti-blemish creams, fairness creams, and cleansers is also projected to be a key driving factor for the market.
Based on the present and future market needs the Qaenat saffron is well prepared to supply the premium quality saffron. We are the wholesale and retail distributors of saffron. We also have a worldwide shipping service.