2022 saffron market research
According to marketwatch.com 2022 saffron market research report Due to the COVID-19 pandemic, the global Saffron market size is estimated to be worth USD 875.5 million in 2022 and is forecast to a readjusted size of USD 1517.4 million by 2028 with a CAGR of 9.6% during the review period. Fully considering the economic change by this health crisis, by Type, Thread Form accounting for 8.8% of the Saffron global market in 2021, is projected to value 1786USD million by 2028, growing at a revised 11% CAGR in the post-COVID-19 period. While by Application, Retail was the leading segment, accounting for over percent market share in 2021, and altered to an 10.7 % CAGR throughout this forecast period.
In United States the Saffron market size is expected to grow from USD 13.37 million in 2021 to USD 20 million by 2028, at a CAGR of 6% during the forecast period.