Saffron Sales to Flatten Due to COVID-19 Pandemic; Key Market Players to Redesign Developmental Strategies
Spanning across the globe as one of the most essential ingredient in the world, saffron continues to gain surplus demand in both, developed and developing economies. Future Market Insights has recently published its report on the saffron market, specifically targeting countries such as the US, China, Iran, Belgium, Netherlands, Luxemburg, Germany, Italy, Spain, France and the UK. According to the report, more than US$ 360 Mn worth of saffron was consumed across these countries in 2016. The report further projects that saffron market for these targeted countries will grow steadily at 5.3
Spanning across the globe as one of the most essential ingredient in the world, saffron continues to gain surplus demand in both, developed and developing economies. Future Market Insights has recently published its report on the saffron market, specifically targeting countries such as the US, China, Iran, Belgium, Netherlands, Luxemburg, Germany, Italy, Spain, France and the UK. According to the report, more than US$ 360 Mn worth of saffron was consumed across these countries in 2016. The report further projects that saffron market for these targeted countries will grow steadily at 5.3
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Saffron Market Analysis
Saffron Market to Witness Sales Slump in Near Term Due to COVID-19; Long-term
Outlook Remains Positive
Analysis of the Global Saffron Market
A new study published by Future Market Insights on the global Saffron Market
includes a global analysis (2011-2015) and opportunity assessment for the period
2016-2026. The report offers a comprehensive assessment of the key market
dynamics in detail. The analysts take into account the historic as well as the current
growth parameters to project the growth of the Saffron Market with maximum
accuracy.
The report suggests that the global Saffron Market is expected to witness a
considerable CAGR growth of ~5.3% during the forecast period (2016-2026) and
surpass the value of ~US$ 617 Mn by 2026. The report provides a Y-o-Y growth trend
analysis and the current and future market volume projections (Units) for the
assessment period. The impact of the novel COVID-19 pandemic on the Saffron
Market is assessed in the report along with valuable insights pertaining to how
market participants are adapting to the current situation.
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