Saffron Market Pit Falls, Present Scenario and Growth Prospects from 2017 to 2024

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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
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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.

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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

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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, Mehr Azin Bonab,
  Gohar Nab Sara, Great American Spice, HEA Co
  Spanish, Rah Abrisham Sialk International, Taj
  Agro Products, Taj Agro, King Kesariya, Damon
  Enterprises, Good Life Global, Rowhani and Jmd
  Agro 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 Irans red gold and an ounce of it is
  considered more expensive than precious metal in
  some of the western supermarkets.

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