Honey Market Report, Global Size, Industry Share and Opportunity Assessment 2023-2028
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 market 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.
Honey refers to a sweet, viscous, and golden-colored liquid produced in the honey sacs of bees from the nectar of numerous flowers. Its color and flavor are determined by the flowers from which the nectar is collected. Honey is a rich source of essential antioxidants, vitamins, and minerals, such as niacin, riboflavin, thiamine, etc. The regular consumption of honey aids in improving cholesterol levels, nourishing the skin, strengthening the immune system, etc. Honey is utilized as a natural sweetener for producing wines, fermented beverages, alcoholic drinks, etc. It is also used in the manufacturing of food products, personal care items, cosmetics, etc.
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The elevating product demand in the healthcare and pharmaceutical industries is among the key factors driving the honey market. Additionally, the increasing health consciousness among consumers and the expanding awareness regarding the medicinal properties of honey are further catalyzing the market growth. Besides this, several product innovations, such as the production of flavored honey, are acting as significant growth-inducing factors. Moreover, the introduction of aesthetically appealing packaging solutions by manufacturers for attracting consumers is also augmenting the global market. Apart from this, the widespread availability of various types of honey, such as alfalfa, date, clover, linden, etc., is propelling the product demand. Furthermore, the escalating investments in research and development (R&D) activities aimed at enhancing extraction processes are anticipated to fuel the honey market over the forecasted period.
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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
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
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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