Recently, a sedentary lifestyle, poor diet, lifestyle changes, stress, and improper workout schedules have become more prevalent. Such trends are becoming one of the major root causes of various critical ailments including obesity, diabetes, mental strain, high blood pressure, cancer, and sleep disorders. With time, cognizance of the adverse impacts of such lifestyles has gained significant momentum. People, specifically the younger generation are demonstrating a steep inclination towards nutrient-rich food products. Likewise, in a bid to develop and maintain a healthier lifestyle, millennials are adding nutritional and low-fat food items to their diet plans. Saffron effectively promotes good health through the provision of micro and macro nutrients along with vitamins, and other nutrients. As individuals are becoming more health-conscious, opportunities floating in abundance across the global saffron market.
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Rise in Health-conscious Population to Augur Well for Saffron Market
Health consciousness among individuals has comprehensively triggered the worldwide demand for natural ingredients. This, in turn, has extended the dimensions of the global saffron market. Saffron essentially minimizes pigmentation, protects against UV rays, and possesses anti-inflammatory properties. Considering saffron’s antioxidant abilities, it promotes good mental health, serving as a shield against oxidative stress and free radicals. In addition to this, saffron predominantly helps in weight loss and appetite control. The antidepressant and wound-healing properties of saffron make saffron an essential ingredient in various treatments including cancer. It facilitates significant improvements in memory in those suffering from Alzheimer’s disease. Moreover, saffron also brings down blood sugar levels and risks apropos to heart diseases. Such a scenario is propelling significant gains across the saffron market.
Macular Degeneration, and Other Eye Disorders to Uphold Saffron Market Growth
International Agency for the Prevention of Blindness (IAPB) cites that age-related macular degeneration (AMD) is one of the critical eye disorders that causes vision loss and blindness. Furthermore, more than 285 million individuals are projected to develop age-related macular degeneration by 2040. Various eye disorders including muscular degeneration, retinitis pigmentosa, eye inflammation, and vision loss have been rising at a significant pace. Growing eye-related disorders coupled with rising awareness have upscaled the consumption of ingredients facilitating good eye health. Therefore, this has accelerated the demand for food products and ingredients that assists eye health. Besides, adults, and teenagers are making tectonic shifts towards healthy diets, nutrients, and supplements.
Asia Pacific to Spearhead Dominance in Saffron Market Backed by Sound Concentration of Major Market Players
Asia Pacific has emerged as a leading market in the global saffron market due to the significant presence of key market players. Developing economies of Asia Pacific are anticipated to hold a significant share of the market. Extensive applications including cosmetics, medicinal uses, and food and beverages are steering the marker in emerging economies. Saffron is also used as a traditional spice and medication which has raised its regional demand. The intense flavor of saffron and color has significantly gained prominence in India, extending its application base in the region.
Prominent Market Players
Some of the most competitive players in the global saffron market include Esfedan Trading Company, Gohar Saffron, Tarvand Saffron Co., Iran Saffron Company, Saffron Tech, Rowhani Saffron Co., Flora Saffron, and Saffron Business Company.
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