The latest report by IMARC Group, titled “Honey Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on global honey industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global honey market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What are honey?
Honey is a natural sweetener manufactured by bees from the nectar of flowers. Bees accumulate nectar from flowers and store it in their honeycombs, transforming it into honey through enzymatic digestion and evaporation. Honey mainly comprises sugars such as glucose and fructose, water, minerals, enzymes, and other organic compounds. It has been used for medicinal properties for thousands of years, with ancient civilizations using it to treat wounds and illnesses. It is popular for its antibacterial and anti-inflammatory properties and is often used in natural remedies for sore throats, coughs, and other ailments.
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What are the growth prospects and trends in the honey industry?
The global market is majorly driven by the increasing health consciousness among consumers. In line with this, the rising demand for natural sweeteners is significantly contributing to the product demand. Furthermore, the numerous health benefits associated with honey are accelerating its demand worldwide. Apart from this, the widespread utilization of various food products, cosmetics, and pharmaceuticals positively influences the market. Moreover, the growing awareness about the benefits of honey and its various uses is catalyzing the market. Besides, the shifting consumer preferences towards organic and natural food products are propelling the market. Additionally, the expanding beekeeping industry and the changes in the lifestyle and dietary habits of consumers are providing a boost to the market.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Barkman Honey LLC
- Bee Maid Honey Limited
- Beeyond the Hive
- Capilano Honey Ltd.
- Comvita Limited
- Dabur India Ltd.
- Dutch Gold Honey Inc.
- New Zealand Honey Co
- Oha Honey LP
- Patanjali Ayurved Limited
- Streamland Biological Technology Ltd
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Honey Market Segmentation:
Our report has categorized the market based on region, type, application and distribution channel.
Breakup by Type:
- Alfalfa Honey
- Date Honey
- Buckwheat Honey
- Acacia Honey
- Clover Honey
- Linden Honey
Breakup by Application:
- Food and Beverages
- Personal Care and Cosmetics
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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