Saffron tablet is composed of bioactive compounds extracted from saffron (Crocin) that has numerous health benefits and medicinal properties.
GROWTH IN NUTRACEUTICALS MARKET= INCREASED SAFFRON PILL DEMAND
The demand growth for a natural and herbal supplement is driving the North American market. The elimination of ban for saffron import to the United States from Iran is another major factor driving the market growth. The demand for premium quality saffron is high in the United States, which is mainly used for nutraceutical/pharmaceutical grade tablet production. High dependency on saffron import, which is used as raw material for the industry, is affecting the market growth.
NUTRACEUTICALS DRIVING THE MARKET
The market has been segmented on the basis of the application type, and geography. Based on application, the market is segmented into pharmaceutical, and nutraceutical. Saffron application in pharmaceuticals accounts for the major market share, in terms of value. Nutraceutical/health supplement market is growing at a higher rate. The pharmaceutical application involves premium grade of the saffron bioactive compound called crocin. It is then formulated with other active components for drug formulation.
Major Market Players Include:
Tallwell Nutrition Inc
Evolva dominates the market with a share of XX%, followed by Epicure Garden.
Partnerships are the major focus of companies, in order to sustain in the market competition.
NOTABLE MARKET DEVELOPMENTS
Evolva Holdings SA signed a partnership agreement with, the flavour giant, Takasago, to expand flavour and fragrance segment of the market.
Epicure Garden launched a new nutraceutical product based on saffron, which provides eye-related health benefits.
Our North America Saffron Tablet Market Report Covers:
Market trends & dynamics
Latest News & developments
Porter’s five force analysis
1.1 KEY DELIVERABLES OF THE STUDY
1.2 STUDY ASSUMPTIONS
1.3 DEFINITION OF THE MARKET
2. RESEARCH METHODOLOGY
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1.1 INCREASED DEMAND FROM MEDICAL AND NUTRACEUTICAL SECTOR AS AN ANTIDEPRESSANT, ANXIETY RELIEF AGENT
4.1.2 LIFTING OF SANCTION BY IRAN TO PROMOTE TRADE
4.2.1 DEPENDENCY ON IMPORT & HIGH COST
4.3.1 GROWING DEMAND OF NATURAL AND ORGANIC COLOUR IN NORTH AMERICA
4.4 PORTERS FIVE FORCE ANALYSIS
4.4.1 BARGAINING POWER OF SUPPLIERS
4.4.2 BARGAINING POWER OF BUYERS
4.4.3 THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
4.4.4 THREAT OF NEW ENTRANTS
4.4.5 COMPETITIVE RIVALRY
5 MARKET SEGMENTATION
5.1 BY APPLICATION
5.2 BY GEOGRAPHY
5.2.1 NORTH AMERICA
184.108.40.206 UNITED STATES OF AMERICA
6 COMPETITIVE LANDSCAPE
6.1 STRATEGY ADOPTED BY MAJOR PLAYERS
6.2 MARKET SHARE ANALYSIS
6.3 MOST ACTIVE PLAYERS IN THE MARKET
7. COMPANY PROFILES
7.1 P.L. THOMAS, CO. INC.
7.2 LEAN NUTRACEUTICALS, INC.
7.3 GROUPE PERSAVITA, INC.
7.4 EVOLVA HOLDING SA
7.5 SARL ACTIV'INSIDE
7.6 AYUSH HERBS, © INC.
7.7 EPICURE GARDEN
7. 8 TALLWELL NUTRITION INC.
7.9. VOX NUTRITION INC
7.10. BIO NUTRITION
7. 11. LIFE EXTENSION
7.12 HORTUS NOVUS
- P.L. Thomas Co. Inc.
- Lean Nutraceuticals Inc.
- Groupe Persavita Inc.
- Evolva Holding Sa
- Sarl Activ'inside
- Ayush Herbs © Inc.
- Epicure Garden
- Tallwell Nutrition Inc.
- Vox Nutrition Inc.
- Bio Nutrition
- Life Extension
- Hortus Novus