The global demand for Honey Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
Honey is a sweet, viscous food substance made by honey bees from the sugary secretions of plants or other insects by enzymatic, regurgitation, and water evaporation. The main uses of honey are in cooking, as a spread on bread, baking, and as an addition as a sweetener to various beverages such as tea and some commercial beverages. It is also used as a medicine because of its antioxidant and antibacterial properties. It consists of a wide range of minerals, sugars, and vitamins. Proportions vary from honey to honey depending on their quality and botanical origins.
The global honey market is grabbing growing attention from the media, governments, scientific laboratories, legal professionals and beekeeping associations. There is a growing demand for honey from the consumption sector both food and non-food. Industry services and marketing promotions both entail a wide range of programs to reach consumers and the foodservice sectors. Non-food use is small but is projected to grow attributed to benefits as a cosmetic. In cosmetics and personal care products, honey is used in the formulation of a wide range of products including baby and bath products, eye and facial makeup, fragrances, colouring and colouring hair products, personal cleanliness products, and suntan and sunscreen products. Honey as a sugar substitute is gaining popularity among the growing health-conscious consumers. The importance of bees to food security and growing attention to the problem of adulteration of honey is raising concern. Increased honey adulteration have contributed to a collapse in the honey prices and decreased incentive to produce genuine honey.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of honey.
The entire honey market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Alfalfa Honey
- Wildflower Honey
- Buckwheat Honey
- Acacia Honey
- Clover Honey
- Food and Beverage
- Personal Care Products
This section covers regional segmentation which accentuates on current and future demand for honey market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Honey Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the honey market include Dabur India Ltd., Capilano Honey Ltd., Comvita Ltd., Barkman Honey, Bee Maid Honey Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.