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Title : “Influx of counterfeit saffron is affecting the saffron market adversely
Author(s) :
Source : thestocknewsnow.com
Year : 2018
Link : https://thestocknewsnow.com/2018/10/influx-of-counterfeit-saffron-is-affecting-the-saffron-market-adversely/
Country : World
Commodity: PP-Herbs and Spices
Abstract: 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.