Honey Market To Reach $17.7 Bn by 2028, The Soaring Demand For Premium-Quality Organic Honey Booming the Industry | Reports and Data

March 11 18:38 2021
Honey Market To Reach $17.7 Bn by 2028, The Soaring Demand For Premium-Quality Organic Honey Booming the Industry | Reports and Data
Increased awareness about the natural goodness and health benefits of honey and the soaring demand for premium-quality honey, especially in developed countries, boost the market growth

Increased awareness about the natural goodness and health benefits of honey and the soaring demand for premium-quality honey, especially in developed countries, boost the market growth

Market Size – USD 9.23 billion in 2020, Market Growth – at a CAGR of 8.5%, Market Trends – Rapid proliferation of online platforms selling food & beverage products

The global Honey Market, which accounted for USD 9.23 billion in 2020, is expected to grow significantly over the forecast period, registering a CAGR of 8.5%. The growth of the market is accredited to the growing consumer preferences for low-calorie, organic foods & beverages, rising emphasis on health & wellness, and the escalating awareness about the great health benefits of honey, such as faster wound healing, reduced risks of heart disease and stroke, strengthened immunity, and effectiveness against cough and cold. Honey is a sweet, viscous liquid made by honeybees and extracted from beehives. The smell, taste, and color of honey depend on the various types of flowers from which the bees collect the nectar. The sugar profile of honey majorly comprises monosaccharides, such as glucose (30%) and fructose (40%). Honey is high in fructose, which makes it sweeter than sucrose (table sugar). It is usually consumed in lesser amounts than sugar to attain similar sweetness. However, honey has a lower value of glycemic index (GI) than sugar and is, therefore, less harmful than sugar for diabetics. Also, honey contains vital nutrients and minerals like iron, calcium, magnesium, and potassium, and it is increasingly being adopted as a healthier alternative to sugar in the food & beverage industry.

Honey is rich in antioxidants and contains various bioactive plant compounds. It offers several health benefits, such as improved cholesterol, lower blood pressure, decreased risks of heart disease, effectiveness against cold, faster wound healing, and anti-bacterial resistance. In addition, it acts as a vital immunity booster and is suitable for weight loss. Due to such health benefits associated with the regular intake of honey, there has been observed a rise in the applications of honey in the food & beverage, pharmaceutical, and cosmetic & personal care industries. However, the growing prevalence of diabetes, obesity, and augmented blood pressure and sugar levels is expected to hinder the global market growth in the forthcoming years. Furthermore, the growing adulteration practices in honey production and grave health risks linked to the consumption of impure or toxic honey further hamper the market growth.  

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Key Highlights of the Report:

  • Based on type, the date honey segment holds the largest market share in the global honey market. The worldwide production and consumption of date honey, mainly owing to its high fiber content and essential nutrients, is a key factor boosting the growth of this segment. The buckwheat honey segment is predicted to register the highest CAGR over the forecast period due to the escalating demand for buckwheat honey globally. This type of honey is high in anti-oxidants and has a less sweet taste. Due to its various medicinal properties, buckwheat honey finds extensive application in the pharmaceutical sector.
  • In terms of application, the food & beverages sector led the global honey market in 2020, accounting for the most considerable revenue share of over 70%. Honey is commonly used in confectionery, bakery products, and various alcoholic and non-alcoholic
  • Among the key regional markets, Europe dominates the global honey market with the highest revenue share in 2020. The region is a leading consumer of honey and the consistently rising demand for honey is accredited to the growing use of honey as a healthier sugar substitute and the increasing consumer awareness about the benefits of honey, as well as its anti-inflammatory and anti-microbial properties. The flourishing food & beverage, pharmaceutical, and personal care industries in the region further boost its market growth.
  • In June 2020, Capilano Honey, an established honey manufacturer in Australia, launched a new honey product with a low GI value, mainly intended for health-oriented consumers. The new product is made with pure Australian eucalyptus honey and has high nutritional content.
  • Beeyond the Hive, Dabur India Ltd., Bee Maid Honey, Barkman Honey LLC, Streamland Biological Technology, Capilano Honey Ltd., Dutch Gold Honey Inc., and New Zealand Honey Co. are among the key companies operating in the global honey market.


Honey Market Size, Share & Analysis, By Type, By Application, By Packaging, By Distribution Channel, And By Region, Forecast To 2028, To identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/honey-market

For the purpose of this report, the global honey market has been segmented on the basis of type, application, packaging, distribution channel, and region:

By Type (Revenue, USD Billion; 2018-2028)

  • Date Honey
  • Flower Honey
  • Linden Honey
  • Buckwheat Honey
  • Acacia Honey
  • Others

By Application (Revenue, USD Billion; 2018-2028)

  • Food & Beverages
  • Pharmaceuticals
  • Nutraceuticals
  • Personal Care & Cosmetics
  • Others

By Packaging (Revenue, USD Billion; 2018-2028)

  • Glass Jars
  • Plastic Bottles
  • Tubs
  • Tubes
  • Others

By Distribution Channel (Revenue, USD Billion; 2018-2028)

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others


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By Region (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of the Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East & Africa

 

Table Of Content:

Chapter 1. Methodology and Scope

                    1.1. Market Segmentation & Scope

                    1.2. Market Definition

                    1.3. Information Procurement

                    1.3.1. Purchased Database

                    1.3.2. Internal Database

                    1.3.3. Secondary Sources & Third-Party Perspectives

                    1.3.4. Primary Research

                    1.4. Information Analysis

                    1.4.1. Data Analysis Models

                    1.5. Market Formulation & Data Visualization

                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary

                    2.1. Market Outlook

                    2.2. Flavor Outlook

                    2.3. Distribution Channel Outlook

                    2.4. Regional Insights

Chapter 3. Honey Market Variables, Trends & Scope

                    3.1. Market Introduction

                    3.2. Penetration & Growth Prospect Mapping

                    3.3. Industry Value Chain Analysis

Continue…

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