openPR Logo
Press release

Saffron Market Poised for Robust CAGR of over 5.3% through 2026

03-29-2017 10:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Saffron Market Poised for Robust CAGR of over 5.3% through 2026

Increasing demand for natural ingredients is set to boost revenue growth of the saffron market

In 2015, the saffron market for target countries (Netherlands, Iran, U.S., U.K., Germany, France, Spain, China, Belgium, Luxembourg & Italy) was valued at nearly US$ 350 Mn which is expected to reach nearly US$ 480 Mn by 2021 end. The saffron market for target countries is expected to be valued at nearly US$ 620 Mn by the end of 2026, registering a CAGR of 5.3% over the forecast period. The market is estimated to represent incremental opportunity of nearly US$ 270 Mn between 2016 and 2026.

Demand for saffron is high as it contains antioxidants such as zeaxanthin, lycopene, a- and ß-carotenes that protect humans from stress, cancers, infections, and also act as immune modulators. In addition it has many therapeutic applications which has increased its demand in the pharmaceutical industry. These properties of saffron are expected to drive market growth over the forecast period.

Saffron Market for Target Countries, by Form

The thread segment was estimated to account for a value share of 55.8% by 2016 end. The thread segment is expected to remain dominant in terms of value over the forecast period. However, this segment is expected to lose 400 BPS by 2026 over 2016. The powder segment was estimated to account for a value share of 38.6% by 2016 end. This segment is expected to gain 510 BPS over the forecast period and account for a value share of 43.7% by 2026 end. Increasing usage of the powder form of saffron for application in the food & beverages industry and in medical applications is expected to support revenue growth of the segment over the forecast period. The liquid segment was estimated to account for a value share of 5.6% by 2016 end. This segment is expected to lose 100 BPS over the forecast period.

Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1840

Saffron Market for Target Countries Market Attractiveness Analysis, by Form

The powder segment is expected to register a relatively high CAGR during the forecast period. The thread segment is anticipated to register a CAGR of 4.5% in terms of value over the forecast period. The liquid segment is projected to exhibit moderate growth registering a CAGR of 3.1% in terms of value over the forecast period. Low availability of products in liquid form may restrain revenue growth of the related segment over the forecast period.

Iran Saffron Market Analysis and Forecast

In 2015, the saffron market in Iran was valued at nearly US$ 220 Mn, which is expected to reach more than US$ 300 Mn by 2021 end. The saffron market in the country is expected to be valued at nearly US$ 400 Mn by the end of 2026, registering a CAGR of 5.7% over the forecast period. The Iran saffron market was estimated to represent absolute $ opportunity of nearly US$ 15 Mn in 2016 over 2015 and is anticipated to record incremental opportunity of nearly US$ 180 Mn between 2016 and 2026.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1840

“Influx of counterfeit saffron is affecting the saffron market adversely

Growth of the global saffron market is being impacted due to the production of fake saffron. Counterfeit saffron is sold at far lower prices, which is affecting overall market growth. The trade of counterfeit saffron is affecting consumer purchasing decisions and negatively impacting the goodwill of manufacturers. In addition, with reduced market credibility, there is a lack of government regulations and steps to control the flow of counterfeit saffron in the market, which is further expected to restrain market growth during the forecast period.”

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Saffron Market Poised for Robust CAGR of over 5.3% through 2026 here

News-ID: 484521 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and