“Saffron artificial” dropped the world’s saffron market
The increase in demand for saffron in the global market has recently been affected by the supply of artificial saffron, the Digital Journal said. Artificial saffron at a much lower price than natural saffron is currently marketed and demand for saffron has grown.
Currently, the supply of artificial saffron to the market is affecting the demand for this product in the global market. The increase in demand for natural saffron is expected to increase the profitability of this market.
Saffron is considered to be one of the main herbal products in the world, and its demand is rising both in the markets of developed countries and in the markets of developing countries.
The Institute has grossed over $ 360 million in saffron in 2016, with the study of markets such as the United States, China, Iran, Belgium, the Netherlands, Luxemburg, Germany, Italy, Spain, France and the United Kingdom.
Saffron demand in these countries is expected to increase by 5.3% annually and reach $ 617 million a year by 2026, the report said.
Ficcharmarket Inside in its report examining the market for saffron in the world between 2016 and 2026, rising demand for natural saffron will be the driving force behind the use of this plant in developing and developed countries. The main point noted in this report is that demand for natural saffron will increase over artificial saffron.
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