According to IMARC Group latest report titled” Honey Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global Honey Market size to exhibit moderate growth during the next five years.
Market Trends:
Honey refers to a golden-colored, thick, sweet liquid produced by bees using flowering plants' nectar. It acts as a source of antioxidants and minerals, and essential vitamins, such as riboflavin, niacin, pantothenic, and thiamine. Honey improves cholesterol levels, enhances memory and concentration skills, strengthens the immune system, and nourishes the skin. It is used as a natural sweetener and in the production of wine and fermented beverages. Honey finds extensive applications across diverse industries, such as pharmaceutical, personal care, food and beverages, cosmetics, etc.
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Substantial growth in the food and beverages industry is primarily driving the demand for honey. Furthermore, the rising consumer health concerns and increasing awareness about the medicinal properties of honey are also augmenting the market growth. Honey enhances the efficacy of several pharmaceutical products, such as cough syrups and lozenges, and can heal burn wounds when applied topically. Furthermore, various product innovations, such as flavored honey produced using sustainably-sourced dates, lindens, flowers, and acacias, are also proliferating the product demand. Additionally, the emergence of organic product variants with zero-added preservatives and chemicals will continue to drive the global market for honey in the coming years.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 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.
Market Breakup by Type:
- Alfalfa Honey
- Date Honey
- Buckwheat Honey
- Acacia Honey
- Clover Honey
- Linden Honey
- Others
Market Breakup by Application:
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore full report with table of contents: https://www.imarcgroup.com/honey-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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