The multi functionality of saffron extract has resulted in increasing market opportunity for the same. With the growing food and beverage industry, the demand for saffron as a colouring and flavouring agent is growing. Besides, the health benefits associated with saffron extract are fuelling its demand in the market. Saffron extract is used in the formulation of medicines and pharmaceuticals due to its mutation preventing, anti-inflammatory, cancer suppressing, immune modulating, and antioxidant properties.
Saffron Market Segmentation
Saffron market is segmented of the basis of form and application. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. On the basis of form, the global saffron extract market has been segmented as:
Powder: 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.
Liquid: The liquid segment was estimated to account for a value share of 5.6% by 2016 end.
What is Crocin?
Crocin is one of main carotenoids and pharmacologically active components of saffron. Saffron contains several compounds such as safranal, picrocrocin and crocin. Crocin is the chemical mainly responsible for the color of saffron. Saffron and mainly crocin are effective antidepressant and anti-anxiety agents, as well as sexual motivator, memory enhancer and sedative which are used for the treatment of different central nervous system disorders.
Cronic posseses different therapeutic properties, including effects on nervous system disorders (antidementia agent, antidepressant, anxiolytic, and aphrodisiac) as well as antioxidant, cardioprotective, and antitumor properties.