Honey Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Honey Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : September, 2020 | Food and Beverages | PPT format

Report Digest


Global Honey market: Overview

Honey is a golden, thick liquid that is produced by industrious bees. Nectar of flowering plants is utilized in the production of honey It is saved inside the beehive only to be consumed during the time of scarcity. Nectar refers to a sugary liquid that is derived from flowers utilizing long tongue of bees. Nectar, thus derived, is stored in the extra belly of a bee. Grades of honey are decided by its color. Golden amber-colored honey often bags very high retail price than other varieties of dark color. The global honey market is predicted to be driven by growing awareness about the benefits of honey.

Benefits of honey are many and honey is known to provide solutions for many medical problems. Honey comes with some nutrients. High-quality honey is very rich in antioxidants and it assists in lowering the blood pressure. Honey also assists in the betterment of level of cholesterol and is capable of lowering triglycerides. Honey helps in the healing of wounds.

The global honey market has been segmented based on application, distribution channel, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Honey market: Notable Developments

The global honey market has come across quite a few developments in the last few years. One such development of the market is mentioned below:

  • In March 2017, India-based natural consumer products manufacturer, Dabur India Limited has launched a first of its kind mobile honey testing lab in India. This one of its kind on-the-wheel laboratory was designed particularly to lessen adulteration in honey. It is also tasked to ensure purity and quality of the product. With the assistance of this honey testing lab, beekeepers can now avoid adulteration and check the purity of their honey. This lab is expected to increase the sales of honey by maintaining high quality of honey.

Some of the key market players of the global honey market are

  • Dabur India Ltd
  • Jiangshan Bee Enterprise
  • DucCuongPhat Company
  • Capilano Honey Ltd.
  • Billy Bee Honey Products
  • Zhejiang Jiangshan Bee Enterprise Co., Ltd.

Global Honey market: Growth Drivers

Multiple Health Benefits of Honey to Shoot up its Demand

Honey acts as a substitute of various chemical artificial sweeteners and sugar, which is likely to encourage people to consume honey in their meals and breakfast. Regular consumption of honey is likely to follow a healthy diet and lead a sustainable lifestyle in a bid to keep away chronic health issues. In addition, honey helps in burn and wound healing, improves metabolic activity, maintains blood pressure, lessens the risk of diabetes, and helps in the management of weight. Such multiple health benefits of honey are expected to boost the global honey market over the period of assessment.

Over the last few years, growing awareness about the health benefits of honey has increased considerably. International organizations and governments are promoting honey as an important and nutritious food ingredient that could also be utilized as a beneficial mediational ingredient. Honey is recommended by World Health Organization (WHO) as an effective natural remedy for chronic cough in adults and cough in small children, which is likely to pave way for promising growth opportunities for the global honey market in near future.

Global Honey market: Regional Outlook

Lately honey has gained wider acceptance amongst people across the globe for the health benefits associated with it. North America and Europe is expected to come up as major regions in the global honey market, higher medical studies and clinical studies in European and North American countries is likely to drive the honey market in these regions.

North America augmented consumption of food and beverage has left a positive impact on the expansion of the global honey market. On the other hand, expansion of the agricultural sector in the Asia Pacific region together with the presence of several food manufacturing plants rate substantial revenue for the honey market in Asia Pacific in the years to come.

The global Honey market is segmented as:

Application

  • Food and Beverages
  • Personal Care and Cosmetics
  • Pharmaceutical

Distribution Channel

  • Convenience Stores
  • Supermarket/Hypermarket
  • Online

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?