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From 2023 to 2030, the worldwide honey market is projected to expand from its 2022 valuation of $9.21 billion at a CAGR (compound annual growth rate) of 7.3 percent.
Honey has many health benefits and is a great place to get your daily dose of vitamins, minerals, calcium, and antioxidants. People's growing awareness of the benefits of leading a healthy lifestyle has resulted in a surge in demand for food products with high nutrient density. A potential game-changer for the honey industry is the rising health concerns following the COVID-19 pandemic. The medication is gaining popularity as a prescription for treating acute cases of cough and throat infection seen in people infected with corona due to its antibacterial, antiviral, and antifungal qualities.
Governments around the world have implemented lockdown measures and limited the movement of people in an effort to contain the COVID-19 pandemic, which has had widespread effects on a variety of businesses. In the first few months, the production of many different kinds of food goods was severely impacted by the shutdown of processing plants and units. In addition, the lockdown period was characterized by a wide variety of difficulties, including but not limited to worker shortages, supply chain disruptions, trade prohibitions, inconsistent logistics, and transportation gaps.
Honey production facilities have reopened in a number of regions, and beekeepers are working tirelessly to repair the damaged supply chain. This bodes well for the natural sweetener sector. The product's reputation as a boon to consumers' health has led to a meteoric spike in demand, driving up quarterly profits for businesses throughout the world. In its first quarterly report, Dabur India Limited revealed in July 2020 that sales of its Dabur Honitus and Dabur Honey immunity products had increased by 80% and 60%, respectively.
After the pandemic ends, the market for healthful, immune-boosting foods may still be brisk, which is good news for business. Because of its effectiveness against bacteria, fungi, and viruses, this product is gaining popularity in many different parts of the world. For individuals with corona virus infection, it is a useful medication for treating acute throat infection and cough. One of the most notable symptoms in patients with COVID-19 disease is an acute cough caused by respiratory tract infection. Honey has been recommended as a prominent first line treatment for this condition by the Public Health England (PHE) and the National Institute for Health and Care Excellence (NICE).
The "Global Honey Market Analysis to 2028" is an in-depth and specialized study of the food and beverage sector that looks at the worldwide market and how it is predicted to develop up until the year 2028. The purpose of this study is to provide a review of the Honey market, including information on how the market is split by kind, by sales channel, and by region. During the predicted time period, the worldwide honey market is projected to expand at a rapid rate. The report analyzes important trends and opportunities in the Honey industry and includes vital information on the market position of the leading market players.
Many health problems, including obesity, high cholesterol, mineral loss, tooth decay, hypertension, and cardiovascular disease, are exacerbated by the use of artificial sweeteners. They contribute to the growth of numerous cancers and tumors, as well as Type 2 diabetes and metabolic syndrome. Natural honey, on the other hand, is rich in antioxidants that greatly impact human health and has a lower glycemic index (GI), meaning it does not quickly raise blood sugar levels.
They can be found in functional foods, cosmetics, and other goods and have a multitude of health advantages. Honey, which bees generate from the nectar of flowers, is a natural sweetener highly valued for its exceptional nutritional and therapeutic qualities. Recent trends in food consumption indicate that, in light of the rapid spread of the pandemic, consumers are becoming increasingly concerned about eating products that strengthen their immunity. It follows that this feature is expected to increase the market's CAGR and attract more buyers. Furthermore, governments and international organizations have promoted natural honey as an important nutritional component and a useful meditative drug. For example, the World Health Organization (WHO) recommends it as a helpful natural medicine for treating chronic cough and baby cough. Both the North American and European clean labeling markets are growing. In the United States, roughly half the population eats honey every year. As a result, the expected rise of the market to 2.4 million tons is mostly driven by the rising consumer preference for natural alternatives to artificial sweeteners.
Report Coverage
Global Honey research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Honey report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Honey competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Honey market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Honey market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Honey market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bee Maid Honey Limited (Canada), Comvita Limited (New Zealand), Capilano Honey Ltd. (Australia), Dabur India Ltd. (India), Billy Bee Honey Products (Canada), New Zealand Honey Co. (New Zealand), Barkman Honey LLC (U.S.), Yamada Bee Company (Japan), Dutch Gold Honey Inc. (U.S.), Golden Acres Honey (Canada).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Honey market based on the below-mentioned segments:
Global Honey Market, By Type
Alfalfa
Wildflower
Buckwheat
Acacia
Clover
Global Honey market, By Application
Food & Beverage
Personal Care Products
Pharmaceuticals
Global Honey Market, By Packaging
Bottle
Jar
Tube
Tub
Global Honey market, Regional Analysis
Honey has many health benefits and is a great place to get your daily dose of vitamins, minerals, calcium, and antioxidants. People's growing awareness of the benefits of leading a healthy lifestyle has resulted in a surge in demand for food products with high nutrient density. A potential game-changer for the honey industry is the rising health concerns following the COVID-19 pandemic. The medication is gaining popularity as a prescription for treating acute cases of cough and throat infection seen in people infected with corona due to its antibacterial, antiviral, and antifungal qualities.
Governments around the world have implemented lockdown measures and limited the movement of people in an effort to contain the COVID-19 pandemic, which has had widespread effects on a variety of businesses. In the first few months, the production of many different kinds of food goods was severely impacted by the shutdown of processing plants and units. In addition, the lockdown period was characterized by a wide variety of difficulties, including but not limited to worker shortages, supply chain disruptions, trade prohibitions, inconsistent logistics, and transportation gaps.
Honey production facilities have reopened in a number of regions, and beekeepers are working tirelessly to repair the damaged supply chain. This bodes well for the natural sweetener sector. The product's reputation as a boon to consumers' health has led to a meteoric spike in demand, driving up quarterly profits for businesses throughout the world. In its first quarterly report, Dabur India Limited revealed in July 2020 that sales of its Dabur Honitus and Dabur Honey immunity products had increased by 80% and 60%, respectively.
After the pandemic ends, the market for healthful, immune-boosting foods may still be brisk, which is good news for business. Because of its effectiveness against bacteria, fungi, and viruses, this product is gaining popularity in many different parts of the world. For individuals with corona virus infection, it is a useful medication for treating acute throat infection and cough. One of the most notable symptoms in patients with COVID-19 disease is an acute cough caused by respiratory tract infection. Honey has been recommended as a prominent first line treatment for this condition by the Public Health England (PHE) and the National Institute for Health and Care Excellence (NICE).
The "Global Honey Market Analysis to 2028" is an in-depth and specialized study of the food and beverage sector that looks at the worldwide market and how it is predicted to develop up until the year 2028. The purpose of this study is to provide a review of the Honey market, including information on how the market is split by kind, by sales channel, and by region. During the predicted time period, the worldwide honey market is projected to expand at a rapid rate. The report analyzes important trends and opportunities in the Honey industry and includes vital information on the market position of the leading market players.
Many health problems, including obesity, high cholesterol, mineral loss, tooth decay, hypertension, and cardiovascular disease, are exacerbated by the use of artificial sweeteners. They contribute to the growth of numerous cancers and tumors, as well as Type 2 diabetes and metabolic syndrome. Natural honey, on the other hand, is rich in antioxidants that greatly impact human health and has a lower glycemic index (GI), meaning it does not quickly raise blood sugar levels.
They can be found in functional foods, cosmetics, and other goods and have a multitude of health advantages. Honey, which bees generate from the nectar of flowers, is a natural sweetener highly valued for its exceptional nutritional and therapeutic qualities. Recent trends in food consumption indicate that, in light of the rapid spread of the pandemic, consumers are becoming increasingly concerned about eating products that strengthen their immunity. It follows that this feature is expected to increase the market's CAGR and attract more buyers. Furthermore, governments and international organizations have promoted natural honey as an important nutritional component and a useful meditative drug. For example, the World Health Organization (WHO) recommends it as a helpful natural medicine for treating chronic cough and baby cough. Both the North American and European clean labeling markets are growing. In the United States, roughly half the population eats honey every year. As a result, the expected rise of the market to 2.4 million tons is mostly driven by the rising consumer preference for natural alternatives to artificial sweeteners.
Report Coverage
Global Honey research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Honey report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Honey competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Honey market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bee Maid Honey Limited (Canada), Comvita Limited (New Zealand), Capilano Honey Ltd. (Australia), Dabur India Ltd. (India), Billy Bee Honey Products (Canada), New Zealand Honey Co. (New Zealand), Barkman Honey LLC (U.S.), Yamada Bee Company (Japan), Dutch Gold Honey Inc. (U.S.), Golden Acres Honey (Canada). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Honey Market from 2021 to 2030.
- Market Forecast for Honey Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Honey competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Honey
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Honey market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Honey market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bee Maid Honey Limited (Canada), Comvita Limited (New Zealand), Capilano Honey Ltd. (Australia), Dabur India Ltd. (India), Billy Bee Honey Products (Canada), New Zealand Honey Co. (New Zealand), Barkman Honey LLC (U.S.), Yamada Bee Company (Japan), Dutch Gold Honey Inc. (U.S.), Golden Acres Honey (Canada).
Primary Target Market
- Market Players of Honey
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Honey market based on the below-mentioned segments:
Global Honey Market, By Type
Alfalfa
Wildflower
Buckwheat
Acacia
Clover
Global Honey market, By Application
Food & Beverage
Personal Care Products
Pharmaceuticals
Global Honey Market, By Packaging
Bottle
Jar
Tube
Tub
Global Honey market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive honey market market research and competitor analysis for your business to help you develop more profound insights into the honey market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the honey market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.